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  • Central Bank issues update

    The Central Bank of Malta has just published its latest Economic Update based on information available up to May 11. In April, the Bank’s Business Conditions Index (BCI) remained broadly unchanged on a month earlier, and continued to suggest...

  • US yields, dollar rise higher as oil tops $80 a barrel

    Yields on benchmark US bonds rose yesterday to their highest level in about seven years, pushing the US dollar to a four-month peak against the yen, while oil prices eclipsed $80 a barrel for the first time since November 2014. US and European...

  • MPC share price surges over 8%

    MPC share price surges over 8%

    The MSE Equity Price Index resumed its recent upward trend as it rebounded by 0.15% to a three-week high of 4,323.027 points, on the back of the gains in the share prices of seven equities which outweighed the drops in three large cap equities.

  • EU aims to cut CO2 emissions from trucks by a third by 2030

    EU aims to cut CO2 emissions from trucks by a third by 2030

    New large trucks in the European Union will have to emit at least 30 per cent less CO2 by 2030 than in 2019 under the bloc's first ever CO2 standards for trucks proposed on Thursday that the industry said were "far too aggressive". The EU...

  • May says Britain will leave customs union, EU warns on Irish border again

    May says Britain will leave customs union, EU warns on Irish border again

    Prime Minister Theresa May said on Thursday Britain would leave the EU customs union after Brexit but a source said London was considering applying the bloc's external tariffs for a period beyond December 2020. Asked about reports that London...

  • Geopolitics rears its head

    Geopolitics rears its head

    Global shares have maintained an upward trend over the past weeks upon a combination of good economic data, strong profits and supporting US inflation figures. Over a one month period the S&P 500 index advanced 1.4 per cent, the Euro Stoxx 50...

  • MIDI’s Net Asset Value per share rises to €0.40

    MIDI’s Net Asset Value per share rises to €0.40

    MIDI plc published its 2017 annual financial statements on April 23 and also convened a meeting for financial analysts earlier this week. The headline figures within the 2017 financial statements were not surprising and reflected the company’s...

  • Investment in maritime training centre

    Investment in maritime training centre

    MMRTC Coop Ltd, run by the Malta Maritime Pilots, announced a €3 million investment in a new maritime training facility in Ħal Far. The new centre, branded as MaritimeMT, will offer a new holistic approach that targets all the maritime sectors and...

  • Ministry denies tax changes by stealth

    Ministry denies tax changes by stealth

    The Finance Ministry has denied that changes to the final withholding tax system were done by stealth, insisting they had been introduced in 2008. The ministry was reacting to an article that appeared in the Times of Malta on Tuesday about changes...

  • Italy risk hits bourse, euro backs EU shares

    Italy's two anti-system parties’ progress to form a coalition and free up billions of euros for tax cuts and welfare scared off investors and hit the Milan bourse yesterday, while a weak euro provided support to the broader European market. The...

  • BOV customer notification

    Bank of Valletta would like to advise its esteemed customers that due to a planned upgrade to the BOV Internet Banking platform, BOV 24x7 Services will be unavailable on Sunday from 2am onwards. It is estimated that the service will be restored...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Puget from Algeciras to Salerno, the Fiona from Casablanca to Odessa, the Kreta S (phase in), the Benedikt Rambow (phase in), the Nicola from Tunis to Sfax, the Louisa Schulte (phase in) to...

  • The beer giant turns 90

    The beer giant turns 90

    In the beginning, it was a flour mill and pasta-making factory in Ħamrun and now, 90 years later, it is the island’s premium brewery. Farsons launched its first beer, the Farsons Pale Ale, then popularly referred to as tal-Iġgant (the giant’s), in...

  • Simonds Farsons Cisk maintains positive growth

    Simonds Farsons Cisk maintains positive growth

    Simonds Farsons Cisk plc has increased turnover to a record €95 million for the financial year ending January 31. This represents an increase of 7.8% over the previous financial year’s results, while profit before tax from continuing operations...

  • EU heads discuss bold or fold strategy towards Trump tariffs

    EU heads discuss bold or fold strategy towards Trump tariffs

    European leaders will seek to agree a common stance on Wednesday towards threatened US import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions. US...

  • Oil eases, signs of demand slowing as price nears $80

    Oil eases, signs of demand slowing as price nears $80

    Oil eased on Wednesday after a rise in US crude inventory added to signs demand may be slowing in spite of ongoing output cuts by producer group Opec and imminent US sanctions against Iran. Brent crude futures were last down 47 cents at $77.96 a...

  • US 'looking for a deal' with China on trade - White House adviser

    US 'looking for a deal' with China on trade - White House adviser

    The United States is seeking a trade deal with China, White House economic adviser Larry Kudlow said on Tuesday as talks between the world's two economic powerhouses resume in Washington this week. Kudlow, speaking in a live interview with...

  • Medserv plc 2017 results and updates

    Medserv plc 2017 results and updates

    On April 30, the board of directors of Medserv plc released the consolidated financial statements for 2017 of the Medserv Group, which posted a loss after tax of €7.6 million, due to the downturn that has characterised the oil and gas industry in...

  • Japan's GDP ends best growth run in decades as spending, trade fade

    Japan's GDP ends best growth run in decades as spending, trade fade

    Japan's economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary policies. The world's...

  • Indicator of sound strategic path

    Indicator of sound strategic path

    FIMBank plc recently held its annual general meeting at the Intercontinental hotel. In his opening address, FIMBank group chairman John C. Grech explained to the shareholders present the background to the group’s performance last year. He referred...