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Business

  • Share index closes virtually flat

    The share index closed the day practically unchanged at nearly 4,748 points on volumes amounting to €0.43 million. Week-on-week, the local equity index moved to yet another fresh nine-year high on the back of the gains in GO (+1.5%) and MIA...

  • The resilience in EM HY bonds

    Year-to-date EM high yield (HY) corporate bonds continued to show their resilience, despite the fact that expectations of monetary tightening continued to weigh over investor’s sentiment. Is it the greed of investors holding tight to their high...

  • Comfort in uncertainty

    In the past weeks I have often commented on the international political uncertainty that is having a negative impact on the economy, thereby generating economic uncertainty. However, the issue of uncertainty is also important at the micro level...

  • Tech breakthroughs take a backseat in upcoming Apple iPhone launch

    Tech breakthroughs take a backseat in upcoming Apple iPhone launch

    When Apple Inc. launches its much-anticipated 10th anniversary iPhone this winter, it will offer an unwitting lesson in how much the smartphone industry it pioneered has matured. The new iPhone is expected to include new features such as...

  • Barclays reports surprise increase in capital reserves

    Barclays reports surprise increase in capital reserves

    Barclays reported a surprise increase in its capital reserves yesterday thanks to the speedy sale of unwanted assets, helping the British bank put money aside as it braces for legal battles and worsening market conditions. Reporting results for...

  • Stocks set record highs, oil jumps on inventory drop

    Global stock prices posted record highs for a third straight session yesterday, propelled by an oil rally after a surprise drop in US crude inventories and comments by US Treasury Secretary Steven Mnuchin about pursuing significant tax reform. The...

  • German consumer morale falls more than expected heading into March

    The mood among German consumers worsened more than expected heading into March to reach its lowest level in four months, a survey showed yesterday, citing rising inflation and economic risks linked to the policies of US President Donald Trump. The...

  • Heightened trading activity across equity market

    The share index retreated by 0.11% to 4,747.818 points from yesterday’s nine-year high of 4,752.876 points as the declines in the share prices of IHI (-1.5%), GO (-1.4%) and MIA (-1.2%) slightly outweighed the gains registered in Lombard (+4.9%),...

  • Exchange traded funds

    Exchange Traded Funds I will start off by defining an Exchange Traded Fund (ETF). An ETF includes a basket of equities, bonds, commodities or assets which track an index. Take the Lyxor ETF DAX (DAX FP EQUITY) as an example. If you buy this ETF,...

  • German business morale brightens despite Trump, Brexit and French vote

    German business morale brightens despite Trump, Brexit and French vote

    German business morale was surprisingly buoyant this month, a survey showed yesterday, supporting expectations of a robust start to 2017 in Germany and the eurozone despite worries about US trade policies, Brexit and the French election. The...

  • UK farmers hold on to cash, cut investment on Brexit uncertainty

    British farmers are holding back on big investments as they brace for the UK’s exit from the European Union, their largest market and a vital source of subsidies. Agriculture enjoyed a brief boost after Britain voted to leave the bloc last June,...

  • Portugal banks’ buffers are not enough, clean-up is needed, says the IMF

    The capital buffers in Portugal’s banks are not big enough to deal with their bad loans, the International Monetary Fund warned, and it urged banks to clean up their balance sheets to help the country grow and cut its debt burden. In a report of...

  • Global stocks ease after records, dollar gains

    Global stocks pulled back from record highs yesterday while the dollar rose ahead of minutes from the US Federal Reserve’s January policy meeting, which could offer clues about the next interest rate rise. A stronger greenback weighed down oil,...

  • Shipping movements

    These ships are expected in Malta: The JSP Slidur from Tunis to Tunis, the Maersk Arizona from Sfax to Misurata (both Thomas Smith & Co Ltd), the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime) and the MSC Vandya from Singapore to...

  • Value of ITS land must be linked to use – Deloitte

    Value of ITS land must be linked to use – Deloitte

    The apparent discrepancy between the consultants’ valuation of the former ITS land in St George’s Bay and figures quoted in the media was down to the fact that it is a mixed use development project, with only about one-fifth of the footprint...

  • Trade union membership up 2,176, employers’ associations dropping

    Trade union membership up 2,176, employers’ associations dropping

    Trade union membership continued to increase last year, with 2,176 more people joining the 29 unions reporting to the Registrar of Trade Unions – but membership of employers’ associations fell. Over the past 10 years, trade union membership rose...

  • Government should absorb Air Malta’s losses – Chamber

    Government should absorb Air Malta’s losses – Chamber

    The government needed to absorb Air Malta’s accumulated losses and allow a new airline to be formed which would not be encumbered with old working practices and collective agreements, the outgoing president of the Chamber of Commerce, Enterprise...

  • Technology in business

    Over the past years, technology has found its way into every aspect of a business’s operations, from payroll to stock control and from e-commerce to business intelligence. What do leading stakeholders see as the most exciting area that will...

  • Passing on the baton

    Passing on the baton

    Anton Borg will soon be stepping down as the president of the Malta Chamber of Commerce, Enterprise and Industry, but one of his biggest frustrations over the past two years is the lack of progress made in fighting unfair competition. For some...

  • Making the connections

    Making the connections

    Carmel Cachia likes nothing better than to see a waiter come over to take his order in a restaurant armed with a tablet. It’s nothing to do with the food but rather the fact that it is all about applying digital skills. Since April last year, he...

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