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Business

  • The Fed’s latest decision and yesterday’s GDP figures

    Most market participants were not surprised by yesterday’s Federal Reserve decision, whereby once again it maintained its current fund rate within the range of 0.25 per cent to 0.5 per cent. The only surprise was the omission of few words which...

  • Taking right and left turns

    Taking right and left turns

    Today, very often, one hears people saying that, with regard to economic policy, there is little to no distinction between what was once regarded as the ‘left’ and what was regarded as the ‘right’. The boundaries between the two sides have got...

  • Airbus profits fall at start of ‘challenging year’

    Airbus profits fall at start of ‘challenging year’

    Airbus Group prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy drain on cash due to delays in jet deliveries yesterday, sending its shares lower despite a renewed pledge to meet full-year...

  • VW emissions scandal bill ‘could get much bigger’

    VW emissions scandal bill ‘could get much bigger’

    Volkswagen’s emissions test cheating scandal could cost it much more than the €15.6 billion earmarked so far and it might have to sell assets to foot the bill, the German carmaker said yesterday. Europe’s biggest motor manufacturer said cost...

  • Stocks rise modestly as the yen surges

    The yen surged yesterday after the Bank of Japan surprised markets by declining to boost its stimulus, battering Japanese stocks and briefly weighing on markets in the United States and Europe. The yen surged against the dollar, euro and sterling,...

  • Lombard Bank reports €7.8 million in pre-tax profit

    Lombard Bank reports €7.8 million in pre-tax profit

    Lombard Bank strengthened its financial position in the previous financial year, closing its books with €7.8 million in pre-tax profit.  The figures were announced during the bank's annual general meeting, held earlier today.  A statement by the...

  • 6pm jumps to new all-time high

    The share index posted its third consecutive decline as it retreated by a further 0.07 per cent to 4,518.345 points on continued low activity at only €173,500. Ahead of the publication of the 2015 full-year results expected later on this...

  • Valeo SA

    Valeo SA

    This week Valeo reported sales figures for the first quarter of 2016. Sales rose 10 per cent over the same quarter last year beating market expectations. The share price on the French stock exchange has risen 3.9 per cent at the time of...

  • Prospects for Malta’s retail banking industry

    Prospects for Malta’s retail banking industry

    Over recent weeks, two of the three retail banks listed on the Malta Stock Exchange (namely HSBC Bank Malta plc and Lombard Bank Malta plc), published their respective 2015 annual reports. The statements contained in these annual reports give a...

  • Brexit would cost Britons a month’s salary by 2020 – OECD

    Leaving the European Union would potentially cost the average working Briton the equivalent of a month’s salaryby 2020, the Organisation for Economic Cooperation and Development said. Angel Gurria, secretary general of the organisation said...

  • Apple is upbeat on iPhone SE demand

    After announcing its first-ever drop in iPhone sales on Tuesday, Apple Inc sought to reassure investors by saying its latest and cheapest model was in strong demand after being launched in late March. Some retailers and suppliers in Asia aren’t so...

  • World stocks, US dollar down as markets await Fed

    Stocks on major markets rose slightly from session lows in early afternoon trading yesterday after disappointing earnings from Apple and Twitter late Tuesday, while the US dollar weakened ahead of a policy announcement by the Federal Reserve and...

  • Shipping movements

    These ships are expected in Malta: The Wehr Havel from Algeciras to Livorno, the CMA CGM Fidelio from Djibouti to Valencia (both CMA CGM Malta Agency Ltd), the Seago Antwerp from Antwerp to Piraeus, the Maersk Arun from Bejaia to Skikda, the...

  • As sales decline, has Apple reached 'peak iPhone'?

    As sales decline, has Apple reached 'peak iPhone'?

    Ask Siri if iPhone 7 will be the answer to Apple Inc's problems, and you're told that a visit to Apple's website should answer that question "and more". If only it was that easy. Apple's shares were down 8 per cent at $95.80 in premarket...

  • Low trading activity persists

    The share index extended yesterday’s decline by a further 0.21 per cent to 4,521.525 points on persistently low trading volumes as only €183,000 traded across the equity market. Ahead of the March 31 interim results publication on Friday, Bank of...

  • Monetary policy: to buy or not to buy?

    Monetary policy: to buy or not to buy?

    Investors’ attention this week shifts to the awaited policy meetings by the US Federal Reserve and the Bank of Japan, to be held respectively between today and tomorrow. Chances of a further US interest rate hike later today are slim, as Janet...

  • Twitter stock plunges after revenue falls short

    Twitter stock plunges after revenue falls short

    Twitter Inc disappointed investors yet again with first-quarter results that showed stagnant revenue growth as the microblogging service struggles to grab new users amid efforts to improve its complicated interface with several new...

  • Safeguarding trade secrets

    The EU Parliament recently approved new rules against industrial espionage. The draft directive on trade secrets is intended to help businesses safeguard their innovative ideas, decrease their exposure to misappropriation of trade secrets and...

  • Tourism authorities are cautious amid challenges

    Tourism authorities are cautious amid challenges

    Though global tourism growth forecasts remain positive, there is concern about security and economic challenges, and Germany for one, prefers to be cautious, forecasting an increase of between one and three per cent. “We are expecting the upward...

  • BP eyes more spending cuts after 80% profit drop

    BP said yesterday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low. The British oil company, the first major to report on one of the...

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