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Business

  • Stocks, sterling fight back after Brexit beating

    Stocks rose worldwide for the first time in three days and sterling, and the euro climbed yesterday as investors made a rush for Brexit-bashed assets. Bargain-hunting prevailed, but there was still widespread uncertainty over Britain’s vote to...

  • Google Maps gets a 700 trillion pixel upgrade

    Google Maps gets a 700 trillion pixel upgrade

    Google Maps has received a massive 700 trillion pixel upgrade, allowing users to see the world clearer than ever before and without any clouds obstructing their view.  The upgrade comes courtesy of NASA's Landsat 8 satellite, which replaces the...

  • Share index rebounds to 5-week high

    Following the declines over the past two trading sessions, the share index rebounded by 1.25 per cent to a five-week high of 4,534.629 points on a slight improvement in trading activity. Today’s gains in the local equity index were due to the...

  • Virgin Group lost a third of its value after Brexit vote: Branson

    Virgin Group lost a third of its value after Brexit vote: Branson

    Richard Branson, founder and chairman of Virgin Group, said today the company had lost about a third of its value since last week's vote by Britons to leave the European Union and had cancelled a deal costing some 3,000 jobs. "We're not any worse...

  • Volkswagen's emissions settlement to cost $15b in US alone

    Volkswagen's emissions settlement to cost $15b in US alone

    Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on...

  • What credit ratings mean and how to interpret them

    What credit ratings mean and how to interpret them

    The fixed income market (and fixed income securities) is one of the most popular asset class within global capital markets, after the currency markets. Its versatility and characteristics make them more appealing to the retail investor more than...

  • British banks slide further as Brexit spooks investors

    British banks slide further as Brexit spooks investors

    Shares in Britain’s top banks suffered further deep losses yesterday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about Britain’s decision to quit the...

  • Money market report for the week ended June 24

    On Monday, June 20, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, June 21, and attracted bids from euro area eligible counterparties of €49.88 billion, €0.74 billion...

  • EU commissioner sees 15% fall in EU budget post-Brexit

    Britain’s exit from the European Union will mean a worrying 15 per cent drop in the bloc’s annual budget from 2020, EU Regional Policy Commissioner Corina Cretu said yesterday. EU leaders are due to discuss the outcome of Britain’s June 23 vote to...

  • Oil prices ease again after Brexit vote

    Oil prices slipped yesterday as market participants absorbed the shock of Britain’s vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were down 35 cents at...

  • Leave leaders back Carney, Osborne as UK grapples with Brexit fallout

    Leave leaders back Carney, Osborne as UK grapples with Brexit fallout

    The leaders of the campaign to get Britain out of the EU sought to ease concerns about the country’s uncertain economic future by giving public backing to Bank of England governor Mark Carney and Finance Minister George Osborne. In the run-up to...

  • Banks pull stocks lower as Brexit continues rout

    Britain’s shock vote to leave the European Union roiled global markets for a second day yesterday, hammering US and European banks, lifting bond and gold prices, and dragging the British pound to a 31-year low. US stocks opened sharply lower,...

  • S&P strips UK of last AAA credit rating after Brexit

    S&P strips UK of last AAA credit rating after Brexit

    Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Union last week. "In...

  • Brexit sends new shocks through financial markets

    Brexit sends new shocks through financial markets

    * British economy "as strong as it could be" - Osborne * China pleads for stability after Brexit shock * British ruling party and opposition both in crisis * Police investigate anti-Polish hate crime * Sterling and shares fall, U.S. urges...

  • Banks hit seven-year low, FTSE slumps again after Brexit vote

    Banks hit seven-year low, FTSE slumps again after Brexit vote

    Britain's top share index fell again as Britain struggled with political and economic uncertainty after last week's vote to leave the European Union. Banks, housebuilders and budget airline easyJet were hit hard. Some investors took refuge in...

  • RS2 & HSBC pull the MSE Share Index lower

    RS2 & HSBC pull the MSE Share Index lower

    The MSE Share Index extended last Friday’s decline as it opened the week with a minimal drop of 0.03 per cent to 4,478.669 points. The performance of the local equity index was negatively affected by the decline in the share prices of RS2 and HSBC...

  • Brexit Happens – Repercussions

    We are flabbergasted. The Bremain camp should have clearly won, because Brexit is analogous to economic suicide. However, this is how democracy works. Brexit is yet another clear occurrence of a black-swan event taking place, one that will...

  • Sterling and euro struggle as Brexit shock lingers

    Sterling and euro struggle as Brexit shock lingers

    Sterling stayed under siege toay, holding above a 31-year low against the dollar, with sentiment distinctly sour after Britain opted to exit the European Union, triggering shockwaves across global markets. The euro was also under pressure, pulled...

  • Interpreting the language of hate

    Interpreting the language of hate

    One of the less discussed effects of the economic crises of western economies in the last decade is the growth of the language of hate. Some politicians and sections of the media often resort to hate speech to trigger an emotional reaction without...

  • ­­­Shipping movements

    These ships are expected in Malta: The Asiatic Orchid from Varna to Haydarpasa, the CMA CGM Homere from Le Havre to Alexandria, the CMA CGM Vela from Fos-sur-Mer to Damietta (all CMA CGM Malta Agency Ltd), the MV Eurogerry Malta from Salerno to...

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