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  • Global transport, logistics companies hosted in Malta

    Global transport, logistics companies hosted in Malta

    Thirty-five transport and logistics companies from around the world, members of Transport Oriented Professional Services logistics network (TOPS) convened in Malta for a four-day general assembly held at the Westin Dragonara Resort. Express...

  • CareMalta organises yearly Sports Day

    CareMalta organises yearly Sports Day

    It has become a yearly event for CareMalta to organise a sports day for its employees. The event took place at St Aloysius College training grounds. Employees from the nine homes the company operates, together with head office staff, met to...

  • Japan’s ruling party executive says more BOJ easing not needed for now

    The Bank of Japan does not need to ease monetary policy further for the time being since a delay in hitting its inflation target is mostly due to slumping oil prices, the policy chief of Japan’s ruling Liberal Democratic Party said...

  • Greek PM Tsipras optimistic of EU deal ‘soon’

    Greek Prime Minister Alexis Tsipras yesterday expressed optimism that Athens would soon reach a deal with its foreign lenders that will unlock further aid under its EU/IMF bailout. “I am confident that we will soon have a happy ending and that...

  • Emirates’ 2014 net profit up 40 per cent on lower oil price

    Emirates’ 2014 net profit up 40 per cent on lower oil price

    Emirates, Dubai’s flagship airline, reported a 40 per cent jump in annual net profit, aided by savings from lower oil prices. The airline, one of the world’s largest carriers of international passengers, posted a profit of 4.6 billion dirhams...

  • Nine equities trade higher

    The Malta Stock Exchange index extended last week’s gain by a further 0.6 per cent, to close at 3,790.141 points. A total of 16 equities were active of which nine advanced, five fell and two closed unchanged as turnover amounted to €1.8...

  • US jobs data lifts stocks and bonds as sterling rallies

    An April rebound in US jobs growth boosted Wall Street and supported the dollar yesterday, while a surprise Conservative victory cast away fears of a hung British Parliament and sparked a rally in sterling and European stock markets. Global bond...

  • Toyota sees profit for third year straight

    Toyota sees profit for third year straight

    Toyota Motor Corp said it will crank net profit up to a third straight annual record this year, as rising US sales offset weaker business in Asia after last year’s bumper earnings were powered by foreign exchange gains and cost cuts. After net...

  • US job growth regains steam

    US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 per cent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Non-farm payrolls...

  • Daily currency report

    The US dollar stabilised after a big rout knocked it to 10-week lows. The past several weeks have seen the US currency surrender steady ground as mixed signals on the health of the world’s top economy suggest the Federal Reserve would wait longer...

  • HSBC share price slumps 3.1%

    The share price of HSBC slumped 3.1 per cent during trading at the Stock Exchange this morning back to the €1.86 level across 15 deals totalling 42,719 shares. The equity has dropped by 0.6 per cent this week. Malta International Airport shed 0.4...

  • What went wrong with the government bond yields?

    What went wrong with the government bond yields?

    Over the past two weeks the European sovereign yields have been rapidly increasing (prices have been falling) and with them they brought down the prices of most of the Investment Grade corporate bonds. The fall in German Bonds (aka Bunds) seems to...

  • Talking of a ‘European Spring’

    In the late 1960s we had the Prague Spring which was an attempt by the people of what was then Czechoslovakia to assert their right to a democratic system of government. It was brutally crushed by the then Soviet Union and the satellite regimes in...

  • Siemens does not reach profit expectations, cuts more jobs

    Siemens does not reach profit expectations, cuts more jobs

    German industrial group Siemens posted a slightly larger-than-expected 5 per cent drop in quarterly industrial profit as a weak result at its digital factory unit compounded problems at its energy operations. Siemens said yesterday it would cut an...

  • Greece is sticking to ‘red lines’, wants concessions from lenders

    Greece’s government is sticking to its non-negotiable ‘red lines’ on labour and pension issues and expects its EU and IMF creditors to also make concessions to reach a deal, the government spokesman said yesterday. “There should not be an...

  • Ukraine trade deal with EU starting in 2016

    European Trade Commissioner Cecilia Malmström said yesterday that a planned EU-Ukraine trade deal would be implemented from the start of 2016 despite Russian calls for further delay and threats of retaliation. Russian President Vladimir Putin has...

  • BT hails customer growth before its Champions League debut

    BT hails customer growth before its Champions League debut

    BT Group said it was confident it could retain its edge over rivals Sky and Virgin in the broadband market when it starts charging customers to watch European Champions League soccer this year. The British market leader, which is buying mobile...

  • Bond selloff cools as US, European stocks stabilise

    The global bond market rout slowed yesterday as long-term borrowing costs retreated from their highest levels in more than five months, helping a mild recovery on Wall Street and for European stocks. The absence of a deal between Greece and its...

  • Company briefs

    Company briefs

    Pandora, the popular Danish jewellery brand, has opened a new concept store at the Strand. The new outlet will be the only one in Malta to exclusively sell the brand. Pandora, which has been available in Malta for four years, is known for its...

  • Disney continues to create dreams

    Disney continues to create dreams

    Disney shares have increased 16.6 per cent year to date. The increase in the share price partly reflects Disney’s consistent ability to create memorable fictional characters. Frozen, released in 2013, is still capturing children’s imagination, as...