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  • 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...

  • Portfolio management, risk management and asset correlations

    We have all heard about the risk-reward trade-off or risk-adjusted returns. Understanding and managing portfolio and investment risks within an investor's basket of investments is paramount in ensuring returns commensurate with the risks being...

  • HSBC named best investment bank at Euromoney 2016 awards

    HSBC named best investment bank at Euromoney 2016 awards

    HSBC was last week declared the World’s Best Investment Bank by Euromoney at its 2016 Awards for Excellence ceremony held in London.  "HSBC Global Banking & Markets is a strong and diversified business. Its markets division is one of the best in...

  • Top British firms shelve their spending plans after EU vote

    Top British firms shelve their spending plans after EU vote

    Britain’s biggest companies are beset by doubts about the future after last month’s vote to leave the EU and have slashed their investment plans, according to a survey yesterday that bodes poorly for the economy. Some 82 per cent of chief...

  • Fewer Britons visiting shops since referendum

    The number of shoppers heading to British high streets and retail centres fell at the fastest pace in more than two years in June, with the weeks around the country’s vote to leave the EU hit particularly hard, a survey found. Retail footfall...

  • Money market report for the week ending July 15

    On Monday, July 11, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, July 12,and attracted bids from euro area eligible counterparties of €42.47 billion, €1.62 billion lower...

  • Iran to name oil companies eligible to take part in tenders

    Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official said yesterday. “Not all foreign companies active in...

  • Japan’s SoftBank to buy UK chip designer ARM in £24bn cash deal

    Japan’s SoftBank to buy UK chip designer ARM in £24bn cash deal

    SoftBank Group Corp. has agreed to buy UK chip designer ARM Holdings PLC in a £24.3 billion cash deal, the two sides said yesterday, a bold bet on internet-connected machines that will transform the Japanese group. ARM, the largest London-listed...

  • US stocks hover near record highs as oil prices fall

    US stock prices were higher yesterday, with the Dow Jones Industrial and Standard & Poor’s 500 hovering near record highs amid upbeat company earnings, while oil fell as traders brushed off a failed coup in Turkey over the weekend. As Turkish...

  • Nice attack deals blow to France’s tourism industry

    Nice attack deals blow to France’s tourism industry

    The carnage on Nice’s famed seaside boulevard as the summer season got into full swing has sent shockwaves through France’s tourism industry, a vital sector for the economy of the world’s most-visited country. With tourism accounting for seven to...

  • Earnings season kicks off with a bang

    Earnings season kicks off with a bang

    One of the biggest worries heading into second quarter earnings season was that companies would disappoint giving all the uncertainty that there is about global growth. However, earnings season kick off on a positive note leaving many investors...

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