Corporate Midday Dispatch – Financial and Corporate News Roundup
6872 Mins Read
Less than 15 per cent of Malta’s debt is held by non-residents, in stark contrast with the situation in other member states. Eurostat on Friday reported that there were significant differences across the European Union (EU) regarding the sector in which government debt is held. Via Times of Malta
A Start-Up Malta Foundation was set up to establish a better and more efficient support system for young and maturing start-ups. The SUM Foundation will be a major policy driver in the implementation of the national start-up strategy, as part of the government’s vision to positionMalta as an ideal location for the creation of start-ups, entrepreneurship and innovative ideas.
A proposal in Rome to issue small-denomination bonds to help pay back its debts could have disastrous consequences for the Italian economy, an analyst has told CNBC.
Euro zone business activity picked up a touch this month but worries about slowing global growth and the impact of spreading trade conflict meant firms were at their least optimistic in nearly five years, a survey showed. – Via Reuters
Bank of England Governor Mark Carney unveiled new initiatives on Thursday to help modernise and steer the central bank toward a new digital economy. – Via CNBC
China said on Friday it has banned direct and indirect imports of pigs, wild boars and related products from Laos due to the first African swine fever outbreaks reported by the Southeast Asian nation on June 20. – Via Reuters
Gold prices gained for a second day in a row on Friday, touching levels not seen in almost 6 years. – Via CNBC
Rising tensions between the United States and Iran helped halt European stock market gains on Friday after a strong run driven by signals from major central banks that they are on the verge of more action to prop up a slowing global economy – Via Euronews
Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high as weak manufacturing data from Japan helped dampen investor sentiment. – Via Market Watch
In Greece Markets are looking forward to a New Democracy win, according to George Papakonstantinou, a former finance minister said. Markets in Greece have been on a roller coaster ride in the last ten years. Via CNBC
Norway has bucked the central banking trend by raising interest rates and forecasting another two increases by summer next year, arguing that its oil-fuelled economy puts it in a different position to other countries where policymakers are contemplating easing. Via FT
A black Fender Stratocaster that Gilmour played for the recording of the two famous albums fetched $3.98 million, and the total collection a hefty $21.5 million. – Via Market Watch
