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  • Argentina’s new plan

    On Monday, Argentina’s President Macri admitted that the country is in a state of emergency. The entire government has realised that their lack of initial action was an error. Without getting into detail, Macri warned that the country cannot keep...

  • Melita customers affected by roadworks blackout to get free 30 day upgrade

    Melita customers affected by roadworks blackout to get free 30 day upgrade

    Melita customers whose TV and internet services went offline for several hours earlier this week will be getting a free 30 day upgrade as a sign of goodwill, the company announced on Friday. Thousands of TV and broadband customers were frustrated...

  • Buy-to-let and housing

    Buy-to-let and housing

    An article on the UK paper The Guardian and a discussion on LinkedIn, having a similar thrust, caught my attention this week. As such, my contribution today relies on these two elements; however, I have applied the thinking expressed in them to...

  • Trade war worries drag on world shares for a fifth day

    World shares fell for a fifth straight day yesterday, with emerging market stocks in their sixth day of declines, as investors braced for an escalation in a trade war between the United States and China. The dollar edged down following a bounce in...

  • HSBC lifts local equity index to 3-week high

    HSBC lifts local equity index to 3-week high

    The MSE Equity Price Index trended higher for a third consecutive day as it climbed by a further 0.79% to a three-week high of 4,339.354 points. Thursday’s gain in the local equity index was mainly driven by the surge in the share price of HSBC as...

  • EU plan on bank money laundering pushes back action to next year

    EU plan on bank money laundering pushes back action to next year

    European Union regulators have drawn up a preliminary plan for a possible tightening of rules against money laundering after a series of high-level cases at the bloc's banks, but do not envisage quick measures. The plan, prepared by a group of...

  • World food prices stable in August compared with July -FAO

    World food prices stable in August compared with July -FAO

    World food prices were largely stable in August from the month before, with a rise in wheat prices offset by declines in sugar, vegetable oils and dairy indices, the United Nations food agency said on Thursday. The Food and Agriculture...

  • GDP up 5.9% in second quarter in real terms

    GDP up 5.9% in second quarter in real terms

    Updated at 1.20pm Malta’s gross domestic product went up by 5.9 per cent in real terms in the second quarter, the National Statistics Office reported on Thursday. Provisional estimates indicate that the GDP reached €3,001.1 million, an increase of...

  • Burberry to stop burning unsold goods, removes real fur from collections

    Burberry to stop burning unsold goods, removes real fur from collections

    British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections after an uproar over its environmental credentials. The label, which is due to produce its first collection...

  • GO aiming to become ‘the enabler of the digital era’

    GO aiming to become ‘the enabler of the digital era’

    GO plc held a meeting with financial analysts last week during which the recently appointed CEO Nikhil Patil provided a review of the group’s strategy. Mr Patil is not a newcomer to GO or to the local economy since he had been one of the key...

  • IHI management confirms that St George's Bay will go ahead in 2019

    IHI management confirms that St George's Bay will go ahead in 2019

    On August 31, the Board of Directors of International Hotel Investments plc (IHI) released the interim financial statements for 2018 for the IHI Group, which posted a loss after tax of €2.7 million. The group currently owns 12 hotels and manages...

  • Increasing spending would be big step back for Italy - EU's Moscovici

    Increasing spending would be big step back for Italy - EU's Moscovici

    Italy would be moving backwards if it returned to a budget deficit of 3 per cent of national output, the European Commissioner for Economic and Financial Affairs was quoted on Thursday as saying, after Rome said it wanted to boost spending. Party...

  • Emerging markets lead decline in global equities

    Stock markets around the world fell yesterday and declines in emerging markets accelerated as a deadline in the US-China trade conflict loomed and US-Canada trade talks were due to resume. Weakness in emerging market currencies helped support the...

  • Sterling to float up 6% in a year, but no-deal Brexit would sink it - Reuters poll

    Sterling to float up 6% in a year, but no-deal Brexit would sink it - Reuters poll

    Sterling will make solid gains on the dollar in the coming year, a Reuters poll found, but that climb is based on the assumption that Britain leaves the European Union next year with a deal. Median forecasts in the August 31-September 5 poll of 50...

  • Global Payments, American Express announce payment technology agreement

    Global Payments Inc., a leading worldwide provider of payment technology services, and American Express have announced an agreement that will enable Global Payments to provide payment solutions in Malta on behalf of American Express. “We are...

  • Shipping movements

    The following ships are expected in Malta: The Maersk Lins from Algeciras to Genova (Thomas Smith & Co Ltd), the MSC Rosa M  from Singapore to Barcelona (John Ripard & Son Ltd), the MV Eurocargo Malta from Catania to Catania (Sullivan Maritime...

  • Myanmar official says "totally underestimated" economic impact of Rohingya crisis

    Myanmar official says "totally underestimated" economic impact of Rohingya crisis

    A Myanmar foreign investment official said on Wednesday he "totally underestimated" the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country's...

  • Norway's $1tn fund to beef up scrutiny on sustainability, ocean pollution

    Norway's $1tn fund to beef up scrutiny on sustainability, ocean pollution

    Norway's $1 trillion sovereign wealth fund wants companies in which it invests to follow stricter guidelines on global sustainability and strengthen efforts to combat plastic pollution of the oceans, it said on Wednesday. The fund, the world's...

  • FIMBank share price climbs to 5-month high

    FIMBank share price climbs to 5-month high

    The MSE Equity Price Index extended Tuesday's gains by a further 0.47 per cent to 4,305.523 points. Four equities trended higher, including GO and BOV, while only Mapfre Middlesea ended lower. Meanwhile, IHI, MIA and Farsons closed the day unchanged.

  • Italy's top ministers look to reassure markets over 2019 budget

    Italy's top ministers look to reassure markets over 2019 budget

    Italy's top ministers issued a barrage of statements on Wednesday to reassure financial markets over the government's forthcoming budget, promising to keep state accounts in check and maintain economic stability. The concerted charm campaign...