The Kroger Company is an American retailer founded by Bernard Kroger in 1883 in Cincinnati, Ohio. It is the country's largest supermarket chain by revenue ($103,033,000,000 for 2014), second-largest general retailer (behind Walmart), and 23rd largest...
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters. Riyadh has asked lenders to submit proposals to extend a five-year dollar loan of that size, with an option to increase it, the...
Inditex, the world’s biggest clothing retailer, reported strong sales growth for the first five weeks of its new financial year and the owner of the Zara chain said it would slow its rapid pace of new store openings. Inditex, tapping into a wider...
For the second year running, the Malta Bankers’ Association will be participating in a Europe-wide initiative, organised by the European Banking Federation, to promote financial literacy and financial education, in particular among youths and...
European shares rose yesterday helped by gains in Italy’s Telecom Italia and Mediaset on prospects of possible M&A deals with French rivals. The pan-European FTSEurofirst 300 index, which fell 0.9 per cent on Tuesday to around its lowest level in a...
E.ON, Germany’s largest utility, posted a record loss for the second year in a row yesterday following asset write-downs worth more than half its market value, casting doubt over plans to spin-off its ailing power plants later this year. E.ON, in the...
These ships are expected in Malta: The Rita Schepers from Latakia to Bejaia, the Georgia Trader from Kingston to Livorno, the Corona J from Annaba to Algiers (all CMA CGM Malta Agency Ltd), the MSC Jade from Singapore to Gioia Tauro (John Ripard & Son...
Positive ongoing concerns in quays
Maltese firm SMS has won the contract to handle Norwegian Cruise Line’s operations in eight East Coast ports, with just weeks to set up its infrastructure. SMS International Shore Operations, a subsidiary of the SMS Group, established itself in 2012 in...
Businesses in Malta will not be pleased to learn that the time it takes to get paid has not improved but has actually deteriorated, from 83.50 days to 91.67. The Malta Association of Credit Management reported an increase of 8.17 days between the...
The rapid changes in technology offer superb opportunities for Maltese software companies to grow. A few leading firms share their experience and give advice for companies on the verge of expansion. BMIT Jack Mizzi, Chief Marketing & BD Officer Organic...
Aldo Farrugia, the director general for legal and international affairs at the Office of the Commissioner for Revenue, is back on a plane again, using every spare minute to read the hundreds of pages of documentation on taxation that are being churned...
The island is waiting with bated breath for the next episode in Panamagate, but whatever happens, one thing is clear: any last vestiges of innocence have been lost. What is the impact of all of this on the business world? Political credibility and...
In January, Occupational Health and Safety Authority CEO Mark Gauci drafted a report on permits issued for public events, suggesting a new health and safety body coupled with insurance policies in certain cases. The Malta Insurance Association strongly...
Depositors at some of the largest US banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone. The idea has been in the works for at least five years, and in the...
As Chinese property investors heat up prices in many of the world’s biggest cities, China buyers are now searching beyond traditional hot spots for bargains and higher returns, ranging from land in Dubai to student housing in Manchester. The investors...
What is driving the deal flow? Radical changes in the economic and regulatory environment are leading to a rethinking of banks’ business models. Wafer-thin margins and higher compliance costs motivate consolidation within the sector. At the same time,...
Medserv chairman Anthony Diacono was recently in Sharjah to complete the $45 million acquisition of Middle East Tubular Services, which has pipe handling and servicing bases in Sharjah, Oman and Iraq. Vanessa Macdonald asked how this step, which...
The 2015 financial statements published by Malta International Airport plc on February 24, 2016, should not have contained any surprises for market participants and investors who follow the regular company announcements issued by the airport...
PKF is supporting Finance Malta in its quest to promote Malta as a financial services centre during a conference in New York on March 29. The conference will focus on what the island can offer to American current or prospective captive owners or...
Technoline is pleased to announce that it achieved ISO 9001-2008 certification in December 2015, following a thorough audit of the company’s Quality Management System involving most team members, the company’s sales, installations, advisory services...
Betting Connections has strengthened its forces, with seven new hires so far in 2016 and plans to expand further in the coming months. With a team of 32 members now in place, the connectors pride themselves on a personal approach to their structured...
Following the enactment of the Malta Stock Exchange Act in 1990, the Malta Stock Exchange commenced its trading operations on January 8, 1992. Today it is a fully-fledged regulated market which successfully fulfils its role as an effective venue to...
GlobalCapital has been granted approval to list new ordinary shares by way of rights to shareholders on the register at the Central Security Depository of the Malta Stock Exchange. The approval follows the company’s application for admissibility to...
The share index reversed some of the gains seen in the last three trading sessions as it declined by 0.36 per cent to 4,562.768 points on improved trading volumes worth nearly €413,000. Six equities registered declines, another six traded unchanged...
If we could summarise market movement over the past week in one word, jittery would best fit the bill. Amidst investor expectations of further quantitative easing to be announced by the ECB tomorrow, in hand with a continued rally in crude oil prices,...
The fight against unemployment in Europe has intensified thanks to the recent approval by the European Parliament of a new law designed to overhaul the European Employment Services (Eures) network. Eures is an EU-wide job database set up in 1993 as a...
Exiting the European Union could hurt Britain’s $2.9 trillion economy and prompt some banks to abandon London’s global financial powerhouse, Bank of England Governor Mark Carney said yesterday. In his strongest intervention so far in Britain’s debate...
Burberry is attempting to identify a mystery investor who has built up a stake of nearly five per cent in the company, pushing its shares to a five-month high yesterday on speculation of a potential takeover bid. The company is reported to have asked...
German prosecutors have widened their probe of Volkswagen’s diesel emissions cheating scandal and are now investigating 17 employees, up from six employees previously, prosecutor Klaus Ziehe said yesterday. “This is part of the diesel investigation.
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