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  • China says it is helping Africa develop, not pile up debt

    China says it is helping Africa develop, not pile up debt

    China is helping Africa achieve development, not accumulate debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in...

  • Is State aid essential to the shipping industry?

    Is State aid essential to the shipping industry?

    The recent long-awaited European Commission decision on the Maltese Tonnage Tax System has been welcomed by the shipping community, both locally as well as from other member states. The European Commission rightly concluded that Malta was not...

  • World stocks slip for third day

    Global stock markets fell for a third straight day yesterday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies. With US markets closed for Labour Day, trading...

  • Money market report for the week ending August 31

    On August 27, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on August 28, and attracted bids from euro area eligible counterparties of €2.54 billion, €0.25bn lower than the bid...

  • SocGen expects around €1.2bn in US sanctions penalties

    SocGen expects around €1.2bn in US sanctions penalties

    France's Societe Generale expects penalties relating to its dispute with US authorities over international sanctions violations to be close to €1.2 billion  which would almost entirely be covered by provisions. "Societe Generale expects that the...

  • EU Commission proposes settling beef dispute with United States

    EU Commission proposes settling beef dispute with United States

    The European Commission proposed on Monday opening formal talks with the United States to address US concerns that its farmers do not get a fair share of the Europe's beef market. The move is not part of the agreement struck between the Commission...

  • Critics step up pressure on UK PM May over Brexit plans

    Critics step up pressure on UK PM May over Brexit plans

    Prime Minister Theresa May's Brexit strategy means disaster for Britain, her former foreign secretary Boris Johnson said, as critics at home and officials in Brussels stepped up their opposition to her plans for how to leave the European...

  • Alibaba – A new name on our equity list

    We started coverage of Alibaba with a Buy recommendation and a price target of $225 on the stock. We like Alibaba for multiple reasons, however, the main reasons for our interest in this company are as follows: 1. Strong fundamentals. Strong free...

  • A Church in distress

    A Church in distress

    This article is not about faith and much less about theology. I believe that millions of Catholics who base their lives on Christian principles will continue to do so irrespective or any scandal that involves their Church leadership. Rather, my...

  • Shipping movements

    The following ships are expected in Malta: The APL California from Kopper to Port Said, and the Stellar Wakamasu from Aliaga to Annaba (both CMA CGM Malta Agency Ltd),  MV Euroferry Olympia from Catania to Catania and the MV Eurocargo Venezia from...

  • Promise of sale problems – the deposit (part 3)

    Promise of sale problems – the deposit (part 3)

    A common feature in all promise of sale agreements is the payment of a deposit. This is not imposed by law and consequently it is up to the parties to agree on whatever suits them best depending on both the circumstances of the parties and the sale.

  • What’s next for the longest running bull market?

    On March 9, 2009 the S&P 500 Index closed at a post-2008 crisis low of 676.53. More than nine years later, the value of the index has more than quadrupled, and although there is no formal method to measure the duration of stock market rallies,...

  • Local corporate bond market coming of age

    Local corporate bond market coming of age

    In its Financial Stability Report (FSR) 2017 published earlier this month, the Central Bank of Malta makes some interesting observations on the development of the local corporate bond market, a market which has continued to grow strongly in recent...

  • Index ends in negative territory

    Index ends in negative territory

    The MSE Equity Total Return Index erased the previous week’s minimal recovery, having slipped by 0.661 per cent, closing at 8,513.44 points – thus resulting in a drop of 0.725 per cent in August. Activity last week was spread across 20 equities of...

  • US economy grows in Q2 at fastest rate in nearly four years

    US second quarter economic growth was stronger than previously estimated, as gross domestic product (i.e. the value of all goods and services produced across the economy) rose at a 4.2 per cent annual rate, according to a report by the Commerce...

  • Disclaimer

    The information published in this page is intended for information purposes only. Any legal claim or action taken in the event of a dispute should be based solely on the legal texts concerned. For more information, call the Office for Consumer...

  • Hiring a trader for a service: your rights and responsibilities

    Hiring a trader for a service: your rights and responsibilities

    As consumers we sometimes need to hire a trader to perform a job for us, such as when we need someone to fix a broken appliance or to carry out some works at our house, like plumbing, plastering or tile laying. Before engaging someone to perform a...

  • Public warning statement

    Josephine Borg, director general (Consumer Affairs) has issued a public statement in accordance with Article 8 of the Consumer Affairs Act (Cap.378), in which she has identified that Charles Agius, holder of Identity Card number 21469 (M), has not...

  • Weekly consumer advice - September 2, 2018

    ▪ It is our responsibility to gather as much information as possible on the service that we require and on who will be providing it. ▪ Consumers must make sure that they have the trader’s full contact details, including a postal address, before...

  • Top US cryptocurrency exchange invests in Malta-based blockchain company

    Top US cryptocurrency exchange invests in Malta-based blockchain company

    Bittrex, one of the leading cryptocurrency exchanges in the world, has just bought a 10 per cent stake in Palladium, a Malta-based blockchain company. Bittrex, whose technology is designed to build and power crypto trading platforms to provide...