Advert

Business

  • Share index at fresh 7-year high

    The share index immediately rebounded from yesterday’s 0.26 per cent decline with a 0.3 per cent uplift during this morning’s session to a fresh seven-year high of 4,207.572 points as various equities closed in positive territory. The local equity...

  • Is a hike in Fed’s rate a risk for corporate bonds?

    Is a hike in Fed’s rate a risk for corporate bonds?

    Given the ongoing debate about the imminence of a rate hike in the US, fixed income investors are due to wonder what this would imply for their portfolios. To start with, I would clarify that the yield for a corporate bond can be theoretically...

  • Shell to axe 6,500 jobs to cope with lower oil prices

    Shell to axe 6,500 jobs to cope with lower oil prices

    Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts, responding to an extended period of lower oil prices which contributed to a 37 per cent drop in the oil and gas group’s second-quarter profits. The Anglo-Dutch company is...

  • Borrowing within one’s means

    There is a generation of persons who only know what low interest rates mean. They have never experienced high interest rates. This applies to persons who have bought a house in the last year or who have taken a business loan during this period.

  • Facebook results soar as user base and mobile ads grow

    Facebook results soar as user base and mobile ads grow

    Facebook has surpassed expectations on all fronts in its second quarter, growing in not just profit and revenue, but in its already-massive user base and mobile advertising and usage of its ‘family’ of apps like Instagram, Messenger and...

  • Consumer spending bolsters US growth in second quarter

    US economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this...

  • Wall St lower amid weaker earnings

    US stocks fell in late morning trading yesterday as earnings from Facebook and Procter & Gamble disappointed investors and data showed that the economy expanded at a slower-than-expected pace in the second quarter. Procter & Gamble’s 3.7 per cent...

  • Spain’s economy motors on at fastest pace since before crisis

    Spain’s economy motors on at fastest pace since before crisis

    Spain’s economy grew at its fastest rate since 2007 in the second quarter with more growth expected ahead, although the pace of recovery may flag as the effect of supportive cheap money and low inflation starts to wear off. Since Spain emerged...

  • Thomas Cook says Tunisia, Greece and forex to dent profit

    Thomas Cook says Tunisia, Greece and forex to dent profit

    Travel firm Thomas Cook has warned that cancellations of holidays to Tunisia after a beach gun attack, concerns regarding Greece’s potential exit from the euro and a currency hit would knock £64 million off this year’s profit. Shares in the...

  • Share index down on declines in IHI, HSBC

    The share index slipped 0.3 per cent to 4,194.844 points, as four of the 12 active equities today ended the session in negative territory. Trading activity across the equity market was very high with €0.86 million worth of trades changing hands.

  • Adding European technology to your long term investments

    Adding European technology to your long term investments

    Headquartered in Veldhoven, the Netherlands, ASML makes the machines that are used to manufacture electronic circuits. ASML designs, develops, integrates, markets and services lithography systems for the semiconductor industry. ASML’s main...

  • Occupational pensions possible without employer contribution

    Occupational pensions possible without employer contribution

    Automatic enrolment occupational pensions would instil a savings culture to supplement third pillar pensions, even if the employer is not expected to match employees’ contributions, according to consultant David Spiteri Gingell. Mr Spiteri Gingell...

  • Property intermediaries areconcerned about White Paper

    Property intermediaries areconcerned about White Paper

    A property intermediary is concerned that the new regulations being proposed for real estate agents will force her to raise the amount of commission from two per cent to around five per cent. Property intermediaries or introducers, known as...

  • Lower interchange fees could undermine investment

    Lower interchange fees could undermine investment

    The interchange fees levied on credit and debit card transactions may have been reduced at the insistence of the European Commission but the chief executive officer of Visa Europe, Nicolas Huss, is not convinced that the savings will be passed on...

  • Useful information missing from IRD property form

    Useful information missing from IRD property form

    The Building Industry Consultative Council has called a number of stakeholders together, asking them to come up with a list of amendments to the property declaration form introduced less than three months ago. Schedule 8 to Legal Notice 147/2015...

  • Freight and logistics: the way forward

    Freight and logistics: the way forward

    The freight and logistics sector in Malta is an important pillar of the country’s economic set-up which employs approximately 5,000 people. But what are the challenges facing this sector? Is there potential for growth? Kevin Filletti, sales...

  • Banking on shareholders

    Banking on shareholders

    Listed companies have several ways of calculating their success. Clearly it helps to declare a profit, and if the shareholders get dividends that is even better. But the CEO of RS2 has another metric that he stands by: that so many of shareholders...

  • Property demand spawning new solutions

    Property demand spawning new solutions

    There is such a demand for property that almost dormant practices like buying on plan are seeing a revival, Re/Max Malta managing director Kevin Buttigieg said. “I never thought I would see selling on plan coming back into use! But we just sold...

  • Worrying points on economic agenda

    Both the Prime Minister and the Finance Minister are usually very selective when they come to speak about the island’s economy. In their reaction to foreign reports about Malta’s economy, they invariably latch on to assessments and projections...

  • What’s new for insurance accountants

    What’s new for insurance accountants

    The long overdue restructuring of accounting for insurance contracts is now on our doorstep. There are many proposals, and the International Accounting Standards Board’s publications deliver continued clarifications. Just in time, the board has...