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  • HSBC St Julian’s branch being modernised

    HSBC Malta will be modernising its branch presence in St Julian’s and, as a result, the branch will be closed to the public starting from January 2. Works are ongoing for the setting up of a temporary branch presence in the vicinity, details of...

  • Fostering business relationships with Japan

    Fostering business  relationships with Japan

    ‘Malta-Japan Business Opportunities’ was the theme of a seminar organised by Bank of Valletta in collaboration with the Malta-Japan Chamber of Commerce and the Japan External Trade Organisation (JETRO) Milan Office. The aim of the seminar was to...

  • Dramatic stock market rally runs out of steam

    A global equity rally fuelled by a dramatic surge on Wall Street ran out of steam yesterday, setting US shares up for a weak opening after a fall in Chinese industrial profits offered a reminder of the pressures on the world economy. Still, world...

  • Malta Properties still eyeing SmartCity acquisition

    Malta Properties still eyeing SmartCity acquisition

    Malta Properties Company is in the final stages of evaluating its acquisition of SmartCity. The company said in a company announcement that discussions with SmartCity (Dubai) FZ-LLC were still underway regarding the possible acquisition of 91% of...

  • France's Vinci to buy majority stake in Gatwick airport for €3.2 billion

    France's Vinci to buy majority stake in Gatwick airport for €3.2 billion

    France's Vinci is paying about £2.9 billion (€3.2 billion) for a majority stake in Gatwick, adding the second busiest airport in Britain to its portfolio despite the shadow of Brexit. Expected to close by June next year, the deal to acquire a...

  • 2019 Regional Outlook

    2019 Regional Outlook

    It has been a bumpy year for global capital markets; many events occurred that have left investors hanging onto their last breath but now, 2018 is coming to an end. What is in store for 2019? United States The re-election campaign in the US will...

  • ECB sees global economic slowdown in 2019

    ECB sees global economic slowdown in 2019

    Updated 12.15pm The global economy is set to slow down in 2019 and stabilise thereafter, the European Central Bank said on Thursday, while still expecting prices to rise. Investors have been bracing for a worldwide slowdown in economic growth,...

  • PG maintains strong performance despite closure of Zara Sliema

    On December 19, PG plc published its interim financial statements for the six-month period between May 1 and October 31, 2018. Despite the closure of the Zara store in Sliema for most of the period under review, overall revenue of the PG Group...

  • White House mulls new year executive order to bar Huawei, ZTE purchases

    White House mulls new year executive order to bar Huawei, ZTE purchases

    President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar US companies from using telecommunications equipment made by China's Huawei and ZTE, three sources familiar with the situation...

  • Money market report for the week ending December 21, 2018

    On December 17, the European Central Bank announced a 14-day main refinancing operation (MRO). The operation was conducted on December 18, and attracted bids from euro area eligible counterparties of €9.57 billion, €2.48 billion higher than the...

  • Shipping movements

    The following ships are expected in Malta: The Maersk Lins from Malaga to Genoa (Thomas Smith & Co Ltd) and the Barbara Krahulik from Catania (SMS Shipping) today. The Maersk Arizona from Algiers to Algiers, the Vega Sachsen from Sfax to Annaba...

  • German industry views Brexit, Trump as biggest risks to economy

    German industry views Brexit, Trump as biggest risks to economy

    Germany's leading industry groups said on Wednesday that Britain's departure from the European Union and trade disputes triggered by US President Donald Trump's 'America First' policies were posing the biggest risks to growth and prosperity. The...

  • Emerging nations will take longer to outpace developed economies - Cebr

    Emerging nations will take longer to outpace developed economies - Cebr

    In the race to outpace developed economies, emerging countries such as China, India, and Brazil suffered a setback this year and will outgrow them later than previously expected, the Centre for Economics and Business Research said. The Cebr...

  • 2019: Lowering the bar for positive surprises

    2019: Lowering the bar for positive surprises

    2018 has been a difficult year for investors to say the least. The long bull markets in both equities and fixed income have encountered strong headwinds, and international stocks have underperformed following a very strong 2017. Shifting...

  • French bank fined €50m over terror suspect payments

    French bank fined €50m over terror suspect payments

    France's banking regulator said Monday that it had fined the banking service of the national postal operator €50 million after finding it had allowed cash transfers to and from people suspected of "terrorist activities". The ACPR watchdog said it...

  • Top Trump official calls bankers, will convene "Plunge Protection Team"

    Top Trump official calls bankers, will convene "Plunge Protection Team"

    US President Donald Trump's Treasury secretary called top US bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the "Plunge Protection Team." US stocks have fallen sharply in recent weeks...

  • Bleak economic expectations

    Bleak economic expectations

    The end of the year is the time when financial analysts take out their crystal balls from the drawer and try to predict what is likely to happen in the coming year. They listen to what regulators, politicians and the financial media are saying and...

  • Helping Maltese companies grow

    Helping Maltese companies grow

    One in every eight business participants who took part in B2B events organised by the Malta Consortium within the Enterprise Europe Network (EEN) managed to grow their business internationally. This emerged from impact statistics published by the...

  • Shireburn automate pharmaceutical sector supporting medicinal directive

    With the new Falsified Medicines Directive coming into force on February 9, 2019, Shireburn Software has launched a new module to help pharmaceutical businesses and pharmacies to automate adherence to the new directives. The European Medical...

  • China unveils tariff adjustments for next year to boost foreign trade

    China unveils tariff adjustments for next year to boost foreign trade

    China announced on Monday adjustments to some import and export tariffs for 2019, removing import duties on alternatives to soymeal for animal feeds and tariffs on fertilisers and iron ore exports, to boost foreign trade as the economy...