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...
ECB monetary operations
More than 10 per cent of funds raised through ‘initial coin offerings’ are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks of investing in cryptocurrency projects online. The professional...
Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules will be enforced. The General...
American International Group yesterday said it would buy property and casualty reinsurer Validus Holdings for $5.56 billion in cash to strengthen its general insurance business AIG’s offer of $68 per share represents a 45.5 per cent premium to Validus’...
World stocks and US bond markets yesterday shrugged off a government shutdown in Washington, although the dollar pulled back and wallowed near three-year lows as the euro resumed its strong start to the year. US Treasury yields, which have tended to...
Geopolitical storm clouds dampening forecasts
110 action points on list
The MSE Equity Price Index kicked-off the week in negative territory as it slipped by 0.35% to a one-month low of 4,452.735 points. Overall, the declines in the share prices of MIA (-4.1%), RS2 (-2.1%) and HSBC (-0.6%) outweighed the gains in five...
Forecast for global growth raised to 3.9% for both 2018 and 2019
ASML was always a top holding in the Calamatta Cuschieri Euro Equity Fund. Shares of ASML are up 235% over a period of 5-years. ASML does not seem to be slowing down anytime soon as it reported excellent results for Q417. We have reviewed our model and...
European airlines had mixed fortunes in 2017. Some rode on the surge of low oil prices and improving economic growth and registered good financial results. Others had to face the inevitable and declared bankruptcy as a result of an unsustainable...
The European Union has, since its foundation, recognised the relevance of facilitating the free movement of goods between its Member States as this fosters trade and growth. Over the years, the EU gave more impetus to short sea shipping (SSS), which...
The following ships are expected in Malta: The Durande from Casablanca to Odessa, the Okee Ann Mari from Aliaga to Skikda, the APL New Jersey from Koper to Damietta (all CMA Malta Agency Ltd), the Avera from Tunis to Tunis, the Swansea from Izmir to...
The information published in this page is intended for information purposes only. Any legal claim or action taken in the event of a dispute should be based solely on the legal texts concerned. For more information, call the Office for Consumer Affairs...
Upon returning purchased items back to the seller, consumers are often offered a credit note if they do not choose to exchange their items there and then. Often consumers are not happy with this solution and would rather return home with a cash...
Josephine Borg, director general (Consumer Affairs) within the MCCAA, has issued a public statement whereby, in accordance with Article 8 of the Consumer Affairs Act (Cap.378), she has identified that Dario Azzopardi (3Group) has not honoured the...
Those manufacturing chemical substances or importing them from outside the EU may have registration obligations under Reach! If one has pre-registered substances that one manufactures or imports from outside the EU – above one tonne but not more than...
• Consumers should know how the law protects them before accepting or refusing a credit note. • When the wrong product is purchased, sellers have no legal obligation to provide any form of remedy. • Most sellers are willing to take back unwanted goods...
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