Financial News

Banks beware, outsiders are cracking the code for finance

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and…

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Evening Read: Events that may shake markets in September

After a summer in which stocks have hit a seemingly never-ending run of record highs, September brings a series of monetary and political events that could jolt investors out of…

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Factbox: Germany’s election and the finance industry

Germany elects a new parliament on Sept. 26, with potential ramifications for its financial industry. Here are details on how the parties in the running to lead the next government…

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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by…

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Bitcoin vaults above $50,000 for first time ever

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a…

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Coronavirus has cost global stock markets $16 trillion in less than a month

Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact. Share markets across the Asia-Pacific region, including Japan,…

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Stocks plunge over coronavirus fears

The coronavirus outbreak ended one of the longest winning streaks in the financial markets’ history on Wednesday, as major stock indexes plunged and global policymakers grappled with the growing economic…

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Financial markets head for worst week since 2008 crash

Global stock markets are racing towards their worst week since the financial crisis 12 years ago on mounting fears coronavirus will derail trade and industry. Asian stock markets have plunged…

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Stocks drop amidst Coronavirus fears

US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell…

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Stock market feel the effect of Soleimani assassination

European shares slipped from near record highs on Friday after a US air strike in Iraq killed a top Iranian commander and fanned tensions in the Middle East, with a…

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Payments in Belgium to be rounded to nearest 5 cents from December

As of 1 December, retailers in Belgium will be obliged to round final totals to the nearest 5 cents in the case of cash payments, removing the need for 1…

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No Deal Brexit fears lead to ‘exodus’ from UK equity funds

The Financial Times reports that more than US$4bn has been pulled from UK equity funds since Theresa May announced her decision to step down as Britain’s prime minister as fears…

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Corporate and Financial News Roundup

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101bn of borrowings. - Financial Times Lebanon’s central…

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Corporate & Financial News Update

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat…

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Corporate and Financial News Update

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in…

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Midday Dispatch – Corporate and Financial News

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Europe might get into recession – Renowned economist warns Britain, Italy and Germany are ‘paralysed’ by domestic issues

Europe has a 70% chance of plunging into recession, according to renowned economist and bond market expert Mohamed El-Erian, with Britain, Italy and Germany “paralysed” by domestic issues that have…

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Midday Dispatch – Corporate and Financial News

Argentina's peso lost 14 percent of its value against the dollar when exchange markets opened on Monday after President Mauricio Macri suffered a crushing defeat in party primaries over the…

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Midday Dispatch – Corporate and Financial News

Good day, These are some of the main stories from the local and global corporate and financial world as reported by leading agencies and media. The mood across global markets…

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Midday Dispatch – Corporate and Financial News

Italian stocks dropped sharply in early trade on Friday as Matteo Salvini, leader of Italy's League party, called for a snap election. The FTSE MIB I945, -1.85%dripped 1.6% in Milan…

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Midday Dispatch – Corporate and Financial News

Disney has had the biggest year at the box office for any film studio in history, as blockbusters like Avengers: Endgame have raked in billions for the Mouse House —…

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MiddayDispatch – Corporate and Financial News – 6th August 2019

Inbound tourist trips for the first six months of 2019 amounted to 1,208,068, an increase of 3.9 per cent over the same period in 2018. Total nights spent by inbound…

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Midday Dispatch – Corporate and Financial News

In June 2019, the seasonally adjusted index of industrial production for Malta increased by 1.9 per cent. Increases were registered in the production of energy (4.7 per cent), consumer goods…

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Midday Dispatch – Corporate and Financial News

Britain is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds to make sure the country is ready to leave the European Union with or…

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Midday Dispatch – Corporate and Financial News

Apple delivered upbeat guidance for the rest of 2019 and beat analyst estimates for its fiscal third quarter, suggesting more momentum than expected even as iPhone sales shrink. Financial Times Asian…

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Midday Dispatch – Corporate and Financial News

Sterling faced a fresh blow on Tuesday, deepening its losses for July to more than 4 per cent amid rising expectations in currency markets that the UK will drop out…

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Midday Dispatch – Corporate and Financial News

Spain's High Court on Monday placed the country's second-largest bank BBVA under formal investigation as part of a probe into an alleged spying case that dates back to 2004, the…

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Midday Dispatch – Corporate and Financial News

The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. Reuters Turkey’s central bank slashed its…

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Midday Dispatch Corporate and Financial News

Incoming British Prime Minister Boris Johnson may need to rethink his stance on Brexit, given Parliament’s opposition to a so-called hard Brexit, a UBS investor projected on Wednesday. That’s likely…

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Midday Dispatch Corporate and Financial News

European shares were flat to marginally higher in early trading on Monday, with Italian shares recovering some ground after a bout of selling driven by political nerves as all eyes…

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Midday Dispatch – Financial and Corporate News

Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path…

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Midday Dispatch – Corporate and Financial News

Ryanair says delays to deliveries of the crisis-hit Boeing 737 MAX means it must scale back some of its services. CD A total of 1,575,472 passengers travelled between Malta…

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Midday Dispatch – Corporate and Financial News

Inbound tourist trips in Malta, for the first five months of 2019 amounted to 929,979, an increase of 2.8 per cent over the same period in 2018. Total tourism expenditure…

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Midday Dispatch – Corporate and Financial News

Donald Trump has launched a stinging attack on cryptocurrencies, including Facebook’s proposed Libra coin, and warned that the social media network might be subject to full banking regulation if it…

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Midday Dispatch – Corporate and Financial News

Good afternoon These are some of the main stories from the corporate and financial world. Maltese financial services sector registered a 9.5% growth - Business Today Oil prices hit a six-week…

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Midday Dispatch – Corporate and Financial News

During the ﬁrst quarter of 2019, the Property Price Index (PPI) in Malta, increased by 6.5 per cent when compared to the corresponding quarter of the previous year, the NSO…

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Midday Dispatch – Corporate and Financial News

The euro dropped to a three-week low against a broadly stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest rates this…

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Corporate and Financial News Midday Dispatch

In May 2019, in Malta the seasonally adjusted index of industrial production increased by 1.3 per cent. Increases were registered in the production of energy (4.5 per cent), consumer goods…

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Midday Dispatch – Financial and Corporate News

George Osborne would like to fill the vacancy as head of the IMF, telling friends that he is perhaps best placed to win support from Europe, the US and China.…

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Midday Dispatch – Financial and Corporate News

European leaders have agreed a deal to fill the EU’s most important jobs, backing Christine Lagarde to lead the European Central Bank and Ursula von der Leyen to be president…

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Midday Dispatch – Corporate and Financial News

Jeremy Hunt is planning to ramp up preparations for a no-deal Brexit which will include a £6bn war chest for farmers and fishermen exporting to Europe. The Tory leadership candidate has…

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Midday Dispatch – Corporate and Financial News

Facebook’s hopes of launching a new virtual currency have suffered another blow, as two more financial regulators said on Tuesday they are paying close attention to the social media company’s…

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Gold prices touch levels not seen in almost 6 years

Gold prices gained for a second day in a row on Friday, touching levels not seen in almost 6 years. Gold prices surged a day earlier, after the U.S. Federal…

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Corporate Midday Dispatch – Financial and Corporate News Roundup

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…

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Midday Corporate Dispatch – Financial and Corporate News

Italy will lower its structural deficit next year and is not seeking favors from the European Union, Prime Minister Giuseppe Conte has written in a letter to EU leaders as…

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Swedbank fires CEO and financial director of Estonian operations following money laundering allegations

Swedbank has ousted the chief executive and finance director of its Estonian operations as part of its internal investigation into extensive money laundering allegations against Sweden’s oldest bank in the…

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Midday Corporate Dispatch – Financial and Corporate News

Good afternoon, These are the salient Corporate and Financial news for our first edition of the Midday Corporate Dispatch. Bank of Valletta’s last correspondent bank for US dollars transactions…

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Fitch Ratings cuts Deutsche Bank’s credit rating

Fitch Ratings has cut Deutsche Bank’s credit rating, heaping further pressure on the German lender after shares slid to a new all time low this week. Fitch on Friday evening…

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