Sunday, November 22, 2009

Business & Finance

HSBC cuts interest rates
HSBC Bank Malta plc will be reducing its home loan base rate (HMLR) from 4.25 per cent to 3.75 per cent as from Monday as a result of the European...

MSE weekly round-up - week ended October 10 - Local investors focus on fixed income market as equities continue to fall - Jesmond Mizzi Financial Services Ltd
The Malta Stock Exchange index closed at 3,471.978 points, losing another 4.67 per cent on the week, as the international markets continue to fall...

Daily currency report - Commercial Foreign Exchange Travelex Malta, freephone: 800 733 22, www.travelex.com/mt/
The sterling is at a five-year low against the US dollar with no end to the current market turmoil in sight. The Japanese yen benefitting from the...

Financial news - Bank of Valletta p.l.c.
During yesterday's session at the Malta Stock Exchange, activity was spread over six equities with a total of 44 trades. The MSE Index slid half a...

Markets overview - European shares down 7.6% ahead of G7 meeting - Peter Starck, Reuters
European shares tumbled to their lowest close in more than five years yesterday amid panic-selling which hit financials particularly hard on fears...

Mature property derivatives market needed - Sinead Cruise, Reuters
European real estate investors have never needed a mature property derivatives market more than they do now. But they have also never been more...

As safe as safe can be in financial crisis? - Elizabeth Pineau, Reuters
As the financial crisis sends shudders round the globe, more Parisians appear to be storing their money the old-fashioned way - in a safe....

Airbus leads Boeing in nine-month orders - Tim Hepher, Reuters
Airbus sold 31 planes last month, bringing gross orders for the first nine months of the year to 785 as the European planemaker held a lead over...

Airline bankruptcies set to double - John Bowker, Reuters
Airline bankruptcies around the world are set to double over the winter to at least 70 for the year, according to the director general of the...

Buffett pips Gates to top new Forbes list - Reuters
Warren Buffett has overtaken Bill Gates to become the richest American in the Forbes 400 list, Bloomberg said, citing a recalculated list to be...

Apple to unveil new or updated laptops this month - Reuters
Apple Inc. will unveil its updated laptops on Tuesday and they may cost less, but analysts say the company's drooping stock has already taken any...