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  • UK rules out being in a customs union with the EU after Brexit

    UK rules out being in a customs union with the EU after Brexit

    Britain has ruled out staying in any customs union with the EU after Brexit, Prime Minister Theresa May’s spokesman said yesterday as the government prepares for a crunch week of Brexit talks. The extent of any British post-Brexit involvement in...

  • Stocks routed, yields rise as US inflation threat spooks markets

    Stock markets were routed around the globe yesterday, with European indexes opening lower and bond yields rising as resurgent US inflation raised the possibility central banks would tighten policy more aggressively than had been expected. Europe’s...

  • Money market report for the week ending February 2

    On January 29, the European Central Bank  announced its weekly main refinancing operation (MRO). The operation was conducted on January 30 and attracted bids from euro area eligible counterparties of €1.91 billion, €0.25 billion lower than the bid...

  • LVMH Shares – The story keeps getting better

    LVMH have released results for Q417 and FY17, and once again they smashed estimates. Having gone through our model, we increased the price target from €255 to €290. We believe LVMH is well-positioned to benefit from future growth. We don’t expect...

  • Retail banking is changing

    Retail banking is changing

    Few can deny that in the last three decades, the retail industry has been arguably the most susceptible to change as a result of the technological revolution. Gone are the days when most of us did our shopping in the local village or town...

  • Caixabank, Sabadell weather Catalan upheaval but income under pressure

    People kept their money in Spanish lenders Caixabank and Banco Sabadell in the last three months of 2017, despite intense uncertainty over Catalonia’s independence bid. But while deposit levels were stable, income remained under pressure at the...

  • Seminar on practical approach to blockchain

    Seminar on practical approach to blockchain

    As part of its remit to educate and address issues that affect the financial services industry, FinanceMalta recently hosted the third in a series of My Blockchain  seminars at Le Meridien Hotel & Spa, St Julian’s. The educational seminar was...

  • Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

    Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

    Japan’s Sony Corp. said CEO Kazuo Hirai would be handing over the reins to finance chief Kenichiro Yoshida, while at the same time forecast a record annual profit that highlights the revival in fortune that they have both engineered. Once a market...

  • Shipping movements

    The Okee Ann Mari from Casablanca to Odessa, the APL California from Koper to Damietta, the Durande from Aliaga to Bejaia (all CMA CGM Malta Agency Ltd), the Cardiff from Izmir to Valencia, the Alexander Maersk from Sfax to Misurata (both Thomas...

  • Welcome the end of austerity

    Welcome the end of austerity

    In my article entitled ‘Welcome to Purgatory’ in February 2017 I outlined the view that the party in government bonds appeared to have come to an end as prices in long-dated government bonds showed early indications of having broken down,...

  • Sterile medicinal products good manufacturing practice rules posed for overhaul

    At the end of last year, the European Commission launched its consultation to targeted stakeholders on the first full review of Annex 1 of Eudralex volume 4 on the manufacturing of sterile medicinal products. Annex 1 was first published in 1971...

  • Trident Estates shares up 23% on first trading days

    Trident Estates shares up 23% on first trading days

    The MSE Equity Total Return Index declined by a further 0.108 per cent, adding to the previous week’s 0.118 per cent loss, closing in the red for the fifth consecutive week at 8,598.897 points. The index registered a 0.365 per cent fall in January.

  • Eurozone economy grows at fastest pace in a decade

    The eurozone economy grew at its fastest rate in a decade in 2017, according to the latest Eurostat estimate. The European statistics agency said last week that its preliminary flash estimate of gross domestic product of the countries that...

  • BLM annual conference

    Business Leaders Malta’s annual conference at the Radisson Blu Golden Sands Beach Resort and Spa to be held on February 23 will include a line-up of inspiring speakers sharing daring, remarkable experiences. Now in its ninth year and ever-growing...

  • Mrieħel business district project

    Mrieħel business district project

    The landmark project The Quad has been launched to the market. “The vision for this site includes a combination of location, design, facilities, sustainability and designation that has no equal,” a statement by the company said. A joint project...

  • Calamatta Cuschieri launch new fund

    Calamatta Cuschieri Funds Sicav plc has launched of its latest fund, the CC Emerging Market Bond Fund.  The fund is the first of its kind to be managed by a UCITS Investment Manager based in Malta. The objective of the fund is to maximise the...

  • Company briefs

    Finance Malta recently hosted the third in a series of ‘My Blockchain’ seminars which was targeted at individuals and companies seeking to explore how they can introduce Blockchain in their business operations. In his introduction ‘How can I apply...

  • The property market in Malta

    The property market in Malta

    When the financial crisis of 2007-2008 hit the global market, Malta’s economy remained relatively stable, as did its property market. This helped pave the way for the boom the market is experiencing today. The Maltese property market has gone from...

  • New principal appointed at Deloitte Malta

    New principal appointed at Deloitte Malta

    Deloitte has appointed May Heng to principal within the firm, with effect from January 1. Ms Heng joined Deloitte Malta in 2009, bringing her experience from time at Deloitte Singapore and Deloitte US. As a key player in the development of the...

  • Environmental consulting agency awarded certifications

    PT Matic Environmental Services Ltd recently reached another milestone with the achievement of two latest certifications: the ISO 9001:2015 and ISO 14001:2015. ISO 9001:2015 is based on quality management principles, including a rigorous approach...