Russia’s Finance Ministry said yesterday it was working on legislation to regulate cryptocurrency transactions without fully banning them or legalising digital FX as a means of payment in Russia. Russia had initially said it would ban cryptocurrencies...
The euro tore past $1.25 and its highest in three years yesterday, after the European Central Bank showed little more than minor discomfort about the currency’s hottest run in nearly four years. Concerns about US protectionism kept the dollar weak...
Discusses visit to the UK with Trump
The MSE Equity Price Index extended yesterday’s gains by a further 0.09% to 4,478.298 points. Trading activity was spread across fourteen shares – five trended higher, another five equities posted declines whilst four closed the day unchanged. Volumes...
Draghi faces questions over euro surge
Davos is increasingly criticised for being a meeting for the elite to debate inequality and diversity. Who better than the well healed to discuss inequality, right? This is the place where a fleet of fuel burning private jets congregate to discuss...
On January 12, Malta International Airport plc held its customary press conference and concurrently issued a company announcement on the Malta Stock Exchange to disclose the 2017 traffic statistics, the 2018 passenger forecast as well as the financial...
Bank of Valletta has announced a special offer on its suite of personal loans with immediate effect. All unsecured and partly secured personal loans are now available at an interest rate of 4.99 per cent, while secured personal loans are being offered...
The US dollar hit new lows yesterday after US Treasury Secretary Steven Mnuchin said he welcomed its weakness and figures showed that the euro zone economy started the year at its strongest pace in over a decade. Fear of protectionism from the US...
The following ships are expected in Malta: The MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime) and the Antwerp from Algiers to Annaba (Thomas Smith & Co. Ltd) today. The APL Gwangyang from Genoa to Beirut, the CMA CGM Magdalena from Tanger...
Trump to arrive in Davos on Thursday
$360 billion will be needed for infrastructure
€759 billion of soured credit inherited from the financial crisis
Trade pact, without US, to be signed in March - Japan
The World Economic Forum's (WEF) annual meeting is a four-day event that is expected to attract over 2,500 participants, including many leaders from the world of politics, business and civil society. The event is taking place between January 23rd and...
Only a third cutting down on water use
When former Ferrari boss Luca Cordero di Montezemolo called up fellow businessman Diego della Valle in 2006 and suggested they create a company to run high-speed trains, his friend asked him what he had been drinking the night before. Twelve years on,...
Lloyds Banking Group aims to get its Berlin branch ready for business in Europe by the end of the year ahead of Britain leaving the European Union, according to a person with knowledge of the matter. Lloyds this month filed an application with...
Former motor racing champion Niki Lauda has won the bidding for the Niki airline he founded, convincing the insolvent carrier’s administrators in marathon talks and undoing an agreed deal with British Airways owner IAG. The previously agreed sale of...
JPMorgan Chase unveiled a $20bn investment plan yesterday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the US tax law and improved regulatory environment. The bank joined several...
US President Donald Trump’s decision to slap tariffs on solar panel imports is a blow to a booming global industry, and hit stocks in European and Asian solar groups on fears their business might suffer. Although the move was intended to help American...
World stocks clocked up their 13th record high of the year yesterday, as relief at a temporary US government funding deal boosted already sky-high confidence about global growth and corporate earnings. Wall Street futures were pointing to a steady...
MFSA looks into collective investment schemes in the sector
The MSE Equity Price Index extended Monday’s decline of 0.35% by a further 0.02% to a fresh one-month low of 4,451.882 points. Overall, the 1.4% declines in the share prices of RS2 and FIMBank outweighed the gains in MIA (+0.9%) and GO (+0.6%).
Trump and Putin most 'disapproved'
Says it would not be in public interest
One of the recurring themes we have been talking about over the past couple of years has been the robustness of credit markets in general, particularly the riskier part of the spectrum such as High Yield and Emerging Market credits, and the remarkable...
Two of Microsoft’s official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new US sanctions, according to notifications circulated by the distributors. While much of the...
The US, not China, threatens the global trade system, China’s Foreign Ministry said yesterday, after US President Donald Trump’s administration called US support for Beijing’s joining the World Trade Organisation in 2001 a mistake. WTO rules have...
On January 19, under the patronage of Minister for Transport, Infrastructure and Capital Projects Ian Borg, Transport Malta and the Malta Maritime Forum consolidated their business relationship through the signing of a memorandum of...
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