Advert

News

  • Discount stockbrokers turn to apps to wean Indians off gold

    In India, where gold is the investment medium of choice, low-cost stockbrokers reckon they can increase the paltry percentage of households investing in shares with apps that make it as easy to buy stocks on a smartphone as it is to buy gold on a...

  • Trading activity dwindles to 6-week low

    The MSE Share Index ended this morning’s session practically unchanged at 4,156.876 points as trading activity dwindled to a six-week low with only €0.18 million worth of shares changing hands.  Two equities trended in positive territory including...

  • After nuclear deal, foreign investors try to tap into Iran

    After nuclear deal, foreign investors try to tap into Iran

    A few investors are racing to establish funds for Iran following last week’s nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. The agreement has made some seek a foothold...

  • Money market report for the week ended July 17

    On Thursday, July 16, the Governing Council of the European Central Bank decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05 per cent,...

  • Lockheed to buy Sikorsky for $9bn; to review sale options of IT services

    Lockheed to buy Sikorsky for $9bn; to review sale options of IT services

    Lockheed Martin Corp. said yesterday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp., for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services...

  • Ikea is first retailer to pledge living wage for UK workers

    Ikea is first retailer to pledge living wage for UK workers

    Ikea Group will next year begin paying its staff in Britain a living wage above the compulsory level set out by the government this month, the world’s largest furniture retailer said yesterday. In his first post-election budget, British Finance...

  • LME reaches settlement on aluminium class-action cases

    Hong Kong Exchanges & Clearing Ltd (HKEx) has settled two class-action lawsuits against itself and the London Metal Exchange (LME) over allegations of anti-competitive and monopolistic behaviour. No money was paid by either side in arriving at the...

  • Gold down to five-year low

    Gold prices plunged to their lowest in more than five years yesterday, at one point dropping four per cent on aggressive selling out of China, while the US dollar hit a three-month high on expectations for higher US interest rates. Major US and...

  • Corporate social responsibility

    Corporate social responsibility

    The halls of HSBC UK Contact Centre Malta were gripped by fragrances of cakes as hundreds of employees got busy baking – or buying. A total of 30 support staff members and 24 new recruits took part in the event and altogether raised more than...

  • New highs for MIA and RS2

    New highs for MIA and RS2

    Demand for the shares of RS2 Software plc continued to emerge during this morning’s session of the stock exchange, helping the equity rise by a further 0.4% to reach yet another all-time high of €2.26 across eight deals totalling 14,930...

  • Huawei reports 30% jump in revenue

    Huawei reports 30% jump in revenue

    Chinese telecoms giant Huawei - which is to test 5G technology in Malta - has reported a 30% rise in revenues for the first six months of the year, helped by "solid" smartphone sales. The BBC reported that revenues climbed to 175.9bn yuan...

  • It’s all Greek to me

    It’s all Greek to me

    The son of a friend asked me to help him out with an essay he has been asked to write on lessons learnt from the Greek crisis. He cheekily told me: “I just cannot understand what is going on. It is all Greek to me”. Everything that had to be said...

  • Is it the end of the line for South Asia’s ship graveyards?

    Is it the end of the line for South Asia’s ship graveyards?

    In the world’s biggest ship recycling centre of Alang on India’s Arabian Sea coast, workers with blow torches cut segments of steel stripped from the rusting hull of a towering cargo ship, sold for scrap by its Japanese owner. But in this town –...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Pollux from Antalya to Antalya, the CMA CGM Rigoletto from Fos-sur-Mer to Suez (both CMA CGM Malta Agency Ltd), the Rio Charleston from Antwerp to Haifa, the Eclips from Algiers to Algiers (both...

  • New CEOs for APS, Fimbank

    New CEOs for APS, Fimbank

    New chief executive officers are being appointed to two banks in Malta – APS Bank and Fimbank – with a link between the two. The new CEO of APS, due to be officially announced in the coming days, is Marcel Cassar, the first executive vice...

  • Spa treatments for passengers on Air Malta

    Spa treatments for passengers on Air Malta

    Thousands of miles away in China, Air Malta’s future hangs in the balance as a strategic investor is sought – but just in case any of that tension was seeping through to its passengers, the airline had a solution: a spa treatment. The Sky Spa is...

  • 10.5% drop in counterfeit euro banknotes in first half of 2015

    10.5% drop in counterfeit euro banknotes in first half of 2015

    In the first half of 2015 a total of 454,000 counterfeit euro banknotes were withdrawn from circulation –10.5 per cent down on the figure for the second half of 2014, but still higher than in the first half of 2014. The number of counterfeits...

  • Lower oil prices? Not for petrol consumers in Europe

    Lower oil prices? Not for petrol consumers in Europe

    Crude oil prices may be falling, but things are not so rosy for European petrol consumers. Petrol pump prices in the 28-member European Union hit their highest since early November last week, according to the EU’s statistics office. Benchmark...

  • Counting the cost for Greece and Europe

    Counting the cost for Greece and Europe

    When Greek leaders began a shift in policy last year to ease themselves out from under the tutelage of foreign creditors, they hoped it would bring economic as well as political gains. Nine months on, falling output and a slump in asset values...

  • Easyjet hits one million mark

    Easyjet hits one million mark

    Low-cost carrier Easyjet has carried one million passengers between Malta and London Gatwick. Easyjet launched its services to Malta in 2008, and in addition to London Gatwick operates flights to Belfast, Manchester, Milan Mal­pensa, Naples,...