Advert

Business

  • Apple explores charging stations for electric vehicles

    Apple explores charging stations for electric vehicles

    Apple Inc is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to people familiar with the matter and a review of LinkedIn profiles. For more than a year,...

  • MIA share price reaches 4-month low

    The share index closed virtually flat today at 4,477.739 points following yesterday's setback as the declines in the prices of six equities were offset by gains in another three shares. Overall, trading volumes remained marginally unchanged as...

  • Deal or no deal? - Bayer versus Monsanto

    Deal or no deal? - Bayer versus Monsanto

    About Bayer AG (market cap €71 billion) Bayer AG produces and markets healthcare and agricultural products, and polymers. The Company manufactures products that include aspirin, antibiotics, anti-infectives, and cardiovascular, oncology, and...

  • Leaving EU is ‘self-destruct option’ for economy and jobs, Cameron warns

    Leaving EU is ‘self-destruct option’ for economy and jobs, Cameron warns

    Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said, presenting a finance ministry report warning of recession, a tumble in the pound, and half a million job...

  • Britain’s premier says cost of holidays to rise if UK leaves bloc

    The cost of a family holiday to Europe could rise by up to £230 (€300) if Britons vote to leave the European Union next month, the British Prime Minister said yesterday in the latest in a string of warnings of the impact of Brexit on family...

  • ‘Remain’ 13 points ahead of ‘Leave’ in ORB Brexit poll

    The “Remain” camp holds a 13-point lead over “Leave” rivals in Britain’s EU referendum campaign, after winning support for the first time from a majority of men, those aged over 65 and Conservative voters, according to a poll from ORB published in...

  • Oil falls for fifth day as focus returns to rising exports

    Oil falls for fifth day as focus returns to rising exports

    Oil fell for a fifth consecutive day yesterday on rising production from major exporters, and as the dollar strengthened. Brent futures had declined 45 cents to $47.90 a barrel by 0845 GMT, after closing down 37 cents in the previous session. US...

  • Strong private consumption and construction investment propel German first-quarter growth

    Strong private consumption and construction investment propel German first-quarter growth

    Strong private consumption and higher construction investment drove a 0.7 per cent rise in German gross domestic product in the first quarter, more than offsetting the effects of weaker foreign trade, data showed yesterday. The German government’s...

  • Dollar climbs on Fed expectations while stocks jump

    The dollar hit an eight-week high against the euro yesterday as expectations grew that the US Federal Reserve could raise interest rates sooner than later, while world stock indexes rallied with financial and tech shares. Surprisingly strong data...

  • GO share price tumbles nearly 16% after preferred bidder announcement

    GO share price tumbles nearly 16% after preferred bidder announcement

    The share price of GO plc tumbled nearly 16% today after the announcement late yesterday that Tunisie Telecom had been selected as the preferred bidder to acquire the company.

  • How has credit fared so far in May?

    How has credit fared so far in May?

    The sharp tightening trend from mid-February to the end of April has ended. News from China is seemingly deteriorating, US profit figures have been choppy whilst interest rate expectations in the US may start rising rather than remaining in the...

  • Insurer AXA to sell €1.8bn euros of its tobacco assets

    Insurer AXA to sell €1.8bn euros of its tobacco assets

    French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its €1.8 billion assets in the sector. AXA said it would divest its €200 million of equity holdings in...

  • MPG praises Malta’s NAIF framework

    Malta has addressed one of the biggest issues in European fund management – the speed to market – with its new Notified Alternative Investment Funds (NAIF) framework, according to Jeremy Leach, chief executive officer of the Managing Partners...

  • Money market report for the week ended May 20

    On Monday, May 16, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted the following day and attracted bids from euro area eligible counterparties of €49.95 billion, €1.49 billion...

  • Bayer offers to buy Monsanto

    German drugs and chemicals group Bayer AG said it made an offer to buy US seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said...

  • Ryanair to cut prices sharply as European fare war looms

    Ryanair to cut prices sharply as European fare war looms

    Ryanair, Europe’s largest low-cost airline, is prepared for a fare war to break out later this year and will cut its own fares sharply to increase its market share to sustain profits, it said yesterday. The Irish airline, Europe’s largest by...

  • Bail-in level for eurozone banks to be set case-by-case – EU Commission

    The European Commission yesterday adopted a regulation clarifying that there would be no harmonised minimum level of banks’ assets that can be wiped out by regulators when a lender is wound down, a move that slightly softens requirements for...

  • Dollar up on rate hike talk as stocks flat

    Global stock markets were little changed and the US dollar gained yesterday as investors weighed the possibility that US interest rates could soon be raised. Commodities were weak across the board. Oil prices fell and were on track for a fourth...

  • MSE share Index registers 3-day negative streak

    MSE share Index registers 3-day negative streak

    The MSE Share Index opened the week in the red as it shed 0.14% to 4,541.868 points – the third consecutive decline for the local equity benchmark. Trading activity remained subdued as only €229,000 worth of shares changed hands.  The 3.1% decline...

  • 159 super yachts at Grand Harbour Marina in 2015

    159 super yachts at Grand Harbour Marina in 2015

    Grand Harbour Marina hosted 159 super yachts last year, a slight improvement on the 154 it had hosted in 2014.  “Undoubtedly, the location of Grand Harbour Marina set against the timeless backdrop of historical fortifications of Fort St Angelo and...