Advert

News

  • Eurozone business growing at weakest rate since 2015

    Eurozone business growth was at its slowest since the start of 2015 this month as a stronger performance in the two big economies of Germany and France was offset by weakness in smaller countries, a survey showed yesterday. While the survey result...

  • Vodafone says Germany, Spain and Italy drive sales growth

    Spain, Germany and Italy helped Vodafone to produce stronger than expected first-quarter sales growth despite a drag from EU roaming charge cuts and a weak home market. The world’s second-largest mobile operator said yesterday that Europe was...

  • Daily currency report

    The Euro was given very little direction after Thursday’s European Central Bank announcement, with President Mario Draghi announcing no changes to monetary policy and giving little signalling about potential stimulus at the September...

  • IHI drags the MSE Share Index lower

    IHI drags the MSE Share Index lower

    The MSE Share Index this morning extended yesterday’s decline by a further 0.24% to 4,465.797 points largely because of the drop in the share price of IHI which outweighed the gains registered in three other large companies – BOV, HSBC and RS2.

  • Technology and work

    Technology and work

    We have had two events in the last four weeks which we have seen develop in what people refer to as “real time”. The first was the result of the referendum held in the UK on the country’s membership of the EU and the second event was the attempted...

  • Samsung Electronics buys $449m stake in Chinese electric car firm BYD

    Samsung Electronics buys $449m stake in Chinese electric car firm BYD

    Samsung Electronics is to pay three billion yuan ($449 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing yesterday. Automakers and technology companies have...

  • Unemployment in US hits three-month low

    The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting a three-month low as the labour market continues to gather momentum. Initial claims for state unemployment benefits slipped 1,000 to a seasonally...

  • ECB keeps low interest rates

    ECB keeps low interest rates

    The European Central Bank kept interest rates unchanged yesterday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB president Mario...

  • Global equity markets little changed but euro slips after ECB meeting

    World equity markets were little changed yesterday, with the key US Dow and S&P stock indexes hovering below record highs, while the euro fell, erasing earlier gains spurred by the European Central Bank’s decision to refrain from more stimuli. Oil...

  • The resurgence of secured bonds

    The resurgence of secured bonds

    On July 1, both Midi plc and International Hotel Investments plc published a prospectus in connection with the issuance of new bonds, which were both classified as secured bonds, for subscription by the public. It has been a while since a new...

  • Volkswagen profit tops forecast

    Volkswagen said cost-cutting and rising European car sales helped it to beat first-half underlying profit forecasts. Europe’s biggest carmaker is battling to restore its reputation after admitting in September to fitting illegal software that...

  • UK unemployment rate hit lowest since 2005 in the run-up to EU vote

    Britain’s jobless rate fell in May to its lowest level since 2005 as the labour market strengthened in the run-up to last month’s vote to leave the EU, official data showed yesterday. The unemployment rate fell to 4.9 per cent in the three months...

  • S&P, Dow set records, dollar at four-month high

    Upbeat company earnings lifted US and European stock prices yesterday, with the Dow and Standard & Poor’s 500 setting record highs, while the dollar reached a four-month peak on bets the US Federal Reserve may raise interest rates by year-end. The...

  • Shipping movements

    These ships are expected in Malta: The Janina from El Khoms to Sousse, the CMA CGM Lotus from Algiers to Annaba, the Evridiki from Algeciras to Livorno, the CMA CGM Rossini from Genoa to Damietta, the OPS Hamburg from Bejaia, the CMA CGM Fidelio...

  • EU fines truck firms record €2.9bn over 14-year cartel

    EU fines truck firms record €2.9bn over 14-year cartel

    Daimler, Paccar and two other truck firms were fined a record €2.9 billion by EU antitrust regulators yesterday for taking part in a 14-year cartel. The European Commission said the companies fixed prices and coordinated on the timing of...

  • Nintendo’s market cap doubles to $42bn

    Nintendo’s market cap doubles to $42bn

    Shares of Japan’s Nintendo Co. soared another 14 per cent yesterday, more than doubling the firm’s market capitalisation to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokémon Go was launched in the US. The...

  • Netflix growth weaker than expected

    Netflix growth weaker than expected

    Netflix Inc. said it added fewer video streaming subscribers than expected from April through June as customers cancelled the service ahead of a price increase, and the company’s shares fell 16 per cent. The dominant subscription video service on...

  • Brexit uncertainty prompts IMF to cut global growth forecasts again

    The International Monetary Fund (IMF) cut its global growth forecasts for the next two years yesterday, citing uncertainty over Britain’s looming exit from the EU. The move included a nearly full percentage-point reduction in the UK’s 2017 growth...

  • Global stocks slip on earnings and growth worries as dollar rises

    Global equity prices ticked lower yesterday as investors took stock of some disappointing US earnings reports and signs that Britain’s decision to leave the EU could hurt other economies, while the US dollar rallied to a four-month high. Prices...

  • New director for HSBC Malta Funds SICAV

    Peter Xuereb resigned as HSBC Malta Funds SICAV chairman and director last month, the company has said.  Prof. Xuereb quit the role on June 6.  The company said it has appointed Joseph Camilleri as director until the company's forthcoming AGM. Mr...