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  • 6,000 jobs at risk in Lonmin restructuring

    6,000 jobs at risk in Lonmin restructuring

    Platinum producer Lonmin is planning to close or mothball several mine shafts in a bid to survive plunging prices, putting 6,000 South African jobs at risk and sending its shares to a historic low. The platinum sector has been under huge stress,...

  • Daily currency report

    The US dollar weakened across the board, hitting one-week lows against the euro. Listless summer trade combined with little news on the US economy this week has caused the dollar to consolidate a rally that had taken it earlier this week to...

  • GO share price plummets 10% over majority shareholder's exit plans

    GO share price plummets 10% over majority shareholder's exit plans

    GO plc’s share price slipped 10% during today’s session of the Malta Stock Exchange to close at the €3.15 level across 23 deals totalling 41,861 shares. This followed yesterday’s announcement that the company’s majority shareholder, Emirates...

  • Building a stronger European economic and monetary union

    Last week’s contribution focused on the so-called five presidents’ report, which is actually entitled Completing Europe’s Economic and Monetary Union. It is referred to as the five presidents’ report as it was penned by Jean Claude Juncker, the...

  • Japan's Nikkei buys Financial Times in $1.3 billion deal

    Japan's Nikkei buys Financial Times in $1.3 billion deal

    Japanese media group Nikkei agreed yesterday to buy the Financial Times from Pearson in an £837 million deal that brings together two leading financial news operations from Europe and Asia. The deal marks the biggest acquisition by a Japanese...

  • HSBC to agree sale of Turkish unit to ING for around $750m

    HSBC to agree sale of Turkish unit to ING for around $750m

    HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million-$750 million in the next few days, two people familiar with the matter said. HSBC, the 12th-largest bank in Turkey, is selling the money-losing...

  • Job insecurities impair Spain’s labour rebound

    Job insecurities impair Spain’s labour rebound

    Eric Martin, a freelance property agent, also drives trucks and sometimes moonlights as a football referee. After more than 10 years of odd jobs, he has still not landed the one thing he really wants – a permanent contract, in any position. The...

  • Wall St drops for third day, dollar cuts losses

    Disappointing results and other news from corporate bellwethers knocked down US and European equity prices yesterday, while strong American labor market data helped the dollar narrow losses. Oil prices declined, with US crude dropping below $49...

  • Company briefs

    Atlas Insurance has launched its social media campaign for the summer, based around people’s best friends. It is asking people to send the funniest, craziest, or most meaningful photo with their best friend to its Facebook page. The photo which...

  • GO drags MSE Share Index lower

    The MSE Share Index drifted 0.1% lower back to 4,154.496 points largely due to the 2.2% drop in the share price of GO plc back to the €3.50 level across fifteen deals totalling 26,807 shares. This morning, GO announced that its major shareholder,...

  • The ROE League table

    The most popular ratios used by many investors and market participants are the price to earnings multiple and the dividend yield. These were tackled in detail in two of my recent articles including the annual dividend league table which is updated...

  • More Britons ditch banks after rules facilitate switching

    More Britons ditch banks after rules facilitate switching

    New rules making it easier for Britons to switch banks resulted in a four per cent increase in customers moving accounts in the year to the end of June, the body overseeing the system said yesterday. Data from Bacs showed that there were 1.1...

  • Apple gives weak forecast, shares fall nearly 7 per cent

    Apple gives weak forecast, shares fall nearly 7 per cent

    Apple Inc. shares slumped nearly seven per cent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales. The shares dropped to $121 after the company released its results on...

  • Stocks slide but dollar rebounds

    Global equity markets fell yesterday, pulled lower by a weak revenue forecast at Apple Inc, the world’s largest company, while a rebounding dollar after its biggest decline in a month weighed on gold and some stocks. Apple’s shares tumbled seven...

  • Shipping movements

    The following ships are expected in Malta: The the Corona J from Bejaia to Skikda, the Stjerneborg from Tripoli to Tripoli, the Sena Kalkavan from Varna to Izmit (all CMA CGM Malta Agency Ltd), MSC Capella from Port Said to Valencia (John Ripard &...

  • Osborne tightens screws on government spending plans

    Osborne tightens screws on government spending plans

    Britain’s Chancellor of the Exchequer George Osborne launched a new front in his austerity push yesterday as he challenged some government departments to find spending cuts of up to 40 per cent by the end of the decade. Osborne said he would...

  • Vodafone cutting European CEO job

    Vodafone cutting European CEO job

    Vodafone said the bosses of its four biggest European markets would report directly to chief Vittorio Colao to speed up decision-making in fast-changing markets, after it decided to scrap its European regional management structure. Vodafone said...

  • 3D trademark registration

    3D trademark registration

    EU legislation allows applicants to register the shape of products and their packaging. This can be done through the registration of a design right on the shape of the product. Alternatively, an unconventional sign on the dimensional form of a...

  • Toshiba CEO to step down over accounting scandal

    Toshiba CEO to step down over accounting scandal

    Japan’s Toshiba Corp. said its chief executive was stepping down yesterday after an independent investigation found he had been aware the company had been inflating its profits over a number of years. CEO and President Hisao Tanaka will be...

  • Oil, gold up as dollar weakens; stocks fall

    Crude oil edged higher and gold prices rose yesterday on the back of a softer US dollar, while earnings hurt Wall Street and helped drag a gauge of major global stock markets lower. Spot gold prices halted a plunge of nearly six per cent in the...