Financial News

PayPal launches international money transfer service Xoom across Europe

U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in 32 countries across the continent.

Xoom allows … Read more

Photo Story: Preview of Bank of England’s new 50 GBP note

An undated handout photo made available by the British Bank of England on 15 July 2019 showing the new concept image design of the Bank … Read more

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s … Read more

BOE believes British banks can cope with no-deal Brexit

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as … Read more

Mexican finance minister resigns

Mexico’s finance minister has quit over differences with the country’s president Andrés Manuel López Obrador.

In a letter, Finance Secretary Carlos Manuel Urzúa Macías said … Read more

Midday Dispatch – Financial and Corporate News

Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro  “reinvention” which Germany’s … Read more

Cuba considering introduction of cryptocurrency

Cuba’s Communist government announced that it was studying the potential use of cryptocurrency as part of a series of measures to boost its economy amid … Read more

Swiss stock exchange loses EU access

The Swiss Market Index rose 1pc in early trading on the first day since EU-based traders lost the right to trade equities in the country … Read more

Australian bank bans credit card use for gambling

An Australian financial institution, Macquarie, has announced that it will no longer allow its bank-issued credit cards to be used for making gambling or lottery … Read more

Apple’s stock takes an $8 billion hit after the news that design chief Jony Ive will be leaving the company

 

Apple’s valuation took a notable dip in after-hours trading after design chief Jony Ive announced he would be leaving the company. Upon news of … Read more

Lego consortium buys Merlin Entertainments theme parks

A consortium led by the family that controls the Lego toymaking empire has agreed a £5.9bn takeover of Merlin Entertainments, the theme park operator which … Read more

France’s debt increases even more

The French national statistics bureau warned that the countries debt has slipped further into the red.

The rise in the public sector debt was mostly … Read more

Low level of Maltese debt held by foreigners

Eurostat on Friday reported that there were significant differences across the European Union (EU) regarding the sector in which government debt is held.

The share … Read more

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 … Read more

De La Rue’s CEO to step down

Banknote and passports maker De La Rue Plc said on Thursday its Chief Executive Martin Sutherland would step down, after five years in the role.… Read more

S&P and Fitch warn UK still faces no-deal Brexit risk

Ratings agencies S&P Global Ratings and Fitch Ratings kept open the possibility of a further cut to Britain’s credit status because of the continued risk … Read more

Brexit delay ushers more uncertainty for Sterling

 

Sterling fell by a third of a percent on Wednesday as investors remained wary about the prospects of the British currency as Prime Minister … Read more

Marked slowdown in eurozone growth says ECB chief

Countries with high public debt like Italy should increase their efforts to cut it, European Central Bank Governor Mario Draghi.

Italy has the highest debt … Read more

France unveils the “tax of the 21st Century”

French Finance Minister Bruno Le Maire (photo above) has unveiled plans for what is being described as the “tax of the 21st Century.” A new … Read more

Cayman Islands property boom threatened by British anti-money laundering rules

The Financial Times takes a look at the current property boom in the Cayman Islands and how anti-money laundering laws in the UK are now … Read more

Business Weekly and Financial News Review

Good morning

What follows is a selection of financial, corporate and business news which can be read on today’s edition of The Malta Business WeeklyRead more