Juanita Bencini, a partner at KPMG, was elected president of the Institute of Financial Services Practitioners. This is the first time the institute has been headed by a woman in its 26-year history. Other officers appointed to council include Andrew...
Revenue at the world’s 10 largest investment banks rose nine per cent to $44.9 billion in the first quarter compared to a year ago, as financial market volatility and central bank stimulus measures boosted profits, a survey showed yesterday. Trading in...
Miriam Camilleri is the new chairman of the Chartered Institute of Logistics & Transport Malta. Ms Camilleri has considerable experience and involvement in the transport industry and has been part of the institute for several years, including as vice...
UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals. The amount was lower than expected and this...
An article on the dividend league table has now become an annual event following the conclusion of the annual financial reporting season on April 30. The dividend league table is based on the net dividend yield and not the gross yield by each of the...
US stocks were little changed, staying near their record highs, in quiet afternoon trading yesterday as investors await the minutes from last month’s Federal Reserve meeting for hints on when interest rates will be increased. Stock market volumes have...
Living your life to the maximum is possible with the Universe card – a brand-new payment card for people who are going places. With worldwide benefits and complete with 24/7 global concierge services, it is a guaranteed gateway to the high life. On...
German retailer Metro yesterday confirmed that it was in talks over the sale of department store chain Kaufhof, adding it could do a deal if the price and strategy were right. A Metro spokesman said the group had not reached any decisions yet and...
Fitch Ratings are currently reviewing the issue of sovereign support for banks globally. As part of this exercise, the agency has announced that BOV’s support rating has been reviewed downwards from ‘2’ to ‘5’. The support rating evaluates the...
British retailer Marks & Spencer raised hopes that it has finally rediscovered a winning formula as it reported a rise in annual profit for the first time in four years and its intention to return excess cash to shareholders. After a poor Christmas,...
It’s not too late to reserve your space at this year’s Malta International Risk Congress on June1-2 at the Hilton, St Julian’s. A great line-up of expert speakers will be discussing risk regulation and its impact on European and international financial...
Altice’s acquisition of US cable group Suddenlink has not dampened its interest in buying much larger Time Warner Cable, a source familiar with the matter said. “Altice is very keen on Time Warner Cable,” the person said after Altice’s announcement of...
Building on last year’s inaugural TransLog events that sparked a new wave of interest in the transport and logistics potential of Malta, the first edition of the logistics managers & practitioners forum will be held on Friday, June 19. Supported by...
The following ships are expected in Malta: The Leonie P from Algers, the Sirius from Alexandria to Iskenderun, the Hoheplate from Sfax to Annaba, the CMA CGM Pelleas from Jeddah to Valencia (all Carmelo Caruana Co. Ltd), the MV Eurocargo Venezia from...
There’s a new trading portal in town – Tomato. Users can also upload the items they wish to sell in a simple and secure manner. It’s a sure-fire way to transform unwanted stuff into much-needed cash. Tomato.com.mt allows sellers to showcase an...
A market leader in the local scene, M. Demajo (Timbers) Ltd is proud to introduce one of its latest products – the Kaindl 10mm narrow plank laminate flooring which is a first of its kind in Malta, offering style, strength and durability all at...
The share price of HSBC continued to decline and tumbled by 2.3 per cent to a fresh four-week low of €1.80 across 20 deals totalling 57,812 shares. The decline in HSBC’s share price offset the gains registered in four other active equities leading to a...
The name Anheuser Busch (ABI) might not ring a bell for many beer lovers. However, if I were to say that this Company brews famous brands like Budweiser, Corona, Beck’s and Stella Artois (to mention a few) you’ll appreciate what I have to say even...
The EU’s General Court has once again shed light on which factors must be taken into consideration to establish whether two trademarks could cause confusion. If such confusion exists, it would not be possible for both marks to be registered as...
Britain’s annual rate of consumer price inflation fell below zero for the first time since the 1960s, official figures showed yesterday, pushed down by lower travel costs due to an early Easter. The Office for National Statistics said consumer prices...
Britain is not facing “damaging deflation” and is well-equipped to stave off the risk of this happening, Finance Minister George Osborne said yesterday after data showed consumer price inflation fell below zero in March. “We should not mistake this for...
Greece’s labour minister said yesterday Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the cash-starved country. Greece’s new government has been in talks with its EU and International Monetary Fund...
Equities around the world jumped yesterday and the euro tumbled on signals the European Central Bank may accelerate its one trillion euro bond-buying programme over the next two months. The dollar gained 1.6 per cent against the euro and was broadly...
Britain’s Vodafone posted a rise in quarterly sales for the first time in nearly three years yesterday in the clearest sign yet that Europe’s mobile market is edging towards recovery. The world’s second largest mobile operator has been hit hard by the...
Eurozone prices were flat year-on-year in April, ending four months of falls, the European Union’s statistics office Eurostat confirmed yesterday. Eurostat said consumer prices in the 19 countries sharing the euro rose 0.2 per cent month-on-month in...
The share index reversed yesterday’s 0.4 per cent decline with an equivalent uplift during this morning’s session to 3,783.885 points largely due to the gains in the share price of Bank of Valletta. The bank’s equity edged 1.7 per cent higher to end...
JBS S.A.’s history and tradition spans over 60 years, and is a global leader in the processing of animal protein. Present in more than 20 countries, JBS has more than 300,000 customers in more than 150 countries through a diverse portfolio of products...
When it comes to fighting fakes, Alibaba’s head of internet security says cooperation beats the courtroom any day. Ni Liang, who runs the Hangzhou, China-based company’s anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves...
ECB monetary operations
There is progress in talks between Greece and its creditors on more funding in exchange for reforms, but the pace of it is slow and more effort is needed to reach a deal, the European Commission said yesterday. “More time and effort is needed to bridge...
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