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  • Dollar hits 2018 high as crude oil slumps

    The US dollar hit fresh 2018 highs yesterday evening on safe-haven demand amid expectations President Donald Trump will pull out of a key nuclear accord with Iran, while oil prices slumped ahead of news on whether the US will reinstate sanctions...

  • Institute of Financial Services Practitioners elects new council

    Institute of Financial Services Practitioners elects new council

    Members of the Institute of Financial Services Practitioners elected a new council and president during the institute’s AGM. Outgoing president Juanita Bencini thanked the council and members for the support offered to her over her three terms.

  • Top Greek banks would lose €15.5bn of capital in stress scenario

    Top Greek banks would lose €15.5bn of capital in stress scenario

    Greece’s four biggest banks said that no new funding plans were needed after stress test results showed they would lose around €15.5 billion of their capital by 2020 under an adverse economic scenario. The health check by the European Central...

  • ZTE asks US Commerce Department to suspend business ban

    China’s ZTE Corp has submitted an application to the US Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed a seven-year...

  • Banking sector data protection guidelines published

    Updated data protection guidelines for the banking sector have now been finalised and published on the websites of the Malta Bankers’ Association and of the Office of the Information and Data Protection Commissioner. The updated guidelines reflect...

  • Thomson Reuters confirms main sponsorship for FinanceMalta Conference

    Thomson Reuters confirms main sponsorship for FinanceMalta Conference

    Thomson Reuters, the world’s leading source of news and information for professional markets has confirmed its sponsorship for the forthcoming Finance­Malta conference, Finance Without Frontiers, which will be held on May 17 at the Hilton...

  • Nestlé to pay $7.15 billion to Starbucks to jump-start coffee business

    Swiss-based food giant Nestlé will pay Starbucks $7.15 billion in cash for the rights to sell the US coffee chain’s products around the world in a global alliance aimed at reinvigorating their coffee empires. The deal for a business with $2...

  • Nokia acquires US software supplier

    Nokia acquires US software supplier

    Nokia said yesterday it has acquired software maker SpaceTime Insight, which industrial customers use to manage millions of devices and assets across their networks, marking the equipment supplier’s latest push to expand beyond telecoms. Terms of...

  • US oil surges past $70 as dollar hits fresh 2018 high

    The dollar rose to fresh 2018 highs yesterday while oil prices surged to their highest since late 2014, driven by declining Venezuelan crude production and worries the US could re-impose sanctions on Iran. The crude surge lifted energy stocks in...

  • Money market report for the week ending May 4

    On April 30, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on May 2 and attracted bids from euro area eligible counterparties of €2.56 billion, €0.24 billion lower than the bid...

  • Several equities perform negatively

    Several equities perform negatively

    The MSE Equity Price Index opened the week in negative territory as it slipped by 0.2% to 4,296.375 points, reflecting the declines in seven equities whilst only BOV and MIDI trended higher today. Meanwhile, GO, HSBC and Malita all closed the day...

  • Our top equity picks in the auto sector

    Our top equity picks in the auto sector

    The auto sector continues to face several structural challenges as we witness a shift away from traditional combustion engines (diesel & gasoline) to electric vehicles, which is likely to boost capex. But buoyant consumer confidence amid falling...

  • Voluntary organisations: beyond fundraising

    Voluntary organisations: beyond fundraising

    People often associate voluntary organisations with fundraising especially during Christmas or when high profile national events like marathon runs are sponsored by large business organisations. But voluntary organisations should be more about...

  • Big brands back sustainable supply chain drive

    Big brands back sustainable supply chain drive

    Some of the world’s biggest retailers and food companies including Kellogg Co., Walmart Inc. and Nestlé backed a new initiative to improve global supply chains amid rising consumer demand for slave-free goods and services. The Consumer Goods Forum...

  • Nestle brews up $7.15 billion deal with Starbucks

    Nestle brews up $7.15 billion deal with Starbucks

    Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the US coffee company's products around the world outside Starbucks' coffee shops. Starbucks said on...

  • Appreciating employees

    Appreciating employees

    The management team at Atlas Insurance joined forces on Employee Appreciation Day to treat Atlas employees to adelicious lunch. Staff could choose from a selection of pasta and desserts, which were served at the Atlas Head Office in Ta’ Xbiex.

  • Shipping movements

    The following ships are expected in Malta: The Karina from El Khoms, the Joanna from Civitavecchia to Mersin, the Ludwig Schulte from Aliaga to Annaba, the Okee Ann Mari from Alexandria to Algiers, the Petalidi from Algiers to Izmir (all CMA CGM...

  • Blockchain: revolutionising the banking industry

    Blockchain: revolutionising the banking industry

    Banks today face several challenges that impinge on the efficiency of their operations and, ultimately, on their profitability. Foremost among these, perhaps, is the ever-increasing strict regulatory framework – a result of the global financial...

  • Will we still drive on Mondays?

    Will we still drive on Mondays?

    On a bright, warm autumn day in 1973, after long and serious marital deliberations, my father approached our shiny, little family car to glue a ‘Monday’ sticker to its windscreen. Mum and dad had decided that this was the day when our car would...

  • McDonald’s licencee Premier Capital exceeds €260 million turnover

    McDonald’s licencee Premier Capital exceeds €260 million turnover

    Premier Capital plc, the Maltese-owned developmental licencee for McDonald’s in six European markets, registered a 14.5 per cent increase in turn­over to generate €263 million in  revenue for the year ended December 31, 2017. All markets saw...