Advert

Business

  • Newly listed MGS rallies by 4.2%

    In the sovereign debt market, investors shifted their attention to the newly issued 2.4 per cent MGS 2041 (I) as it soared by an impressive 4.2 per cent in its first four days of trading, to close at €105.99. The issue witnessed a turnover of...

  • Daily Currency report

    The annual gathering of central bankers in Jackson Hole, US, is under way and the risk to watch is if US Federal Reserve chair Janet Yellen uses this as a platform to shake market expectations. If Yellen indicates the US economy may be strong...

  • HSBC, IHI lift share index higher

    The share index trended higher for the second consecutive session with a further 0.4 per cent uplift to 4,467.283 points largely due to the gains in HSBC and IHI. Mapfre Middlesea and Malta Properties also trended higher whilst BOV, GO, MIA and...

  • WhatsApp wants to share your phone number with Facebook

    WhatsApp wants to share your phone number with Facebook

    Two and a half years after being acquired by Facebook, private messaging app WhatsApp has announced that it wants to share your phone number with the world's biggest social media network.  When the buyout was announced in 2014, WhatsApp founder...

  • Britain dodges the 'Brexit bomb' - but will it last?

    Britain dodges the 'Brexit bomb' - but will it last?

    Britain's high streets are heaving with shoppers despite June's shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. The...

  • A rate hike and its impact on the bond market

    Undoubtedly, fixed income market participants are now concerned about the impact of a possible rate hike by the Federal Reserve (Fed) on their dollar denominated allocation. The situation in Europe surely fails to mirror image the latter...

  • Value the plodder more

    Over the past weeks I wrote about the challenge that employers have in finding suitable employees in terms of both numbers and skills. There are other aspects that one may touch upon in relation to this issue. Today I would like to focus on one...

  • Slide in Greek residential property prices slows in the second quarter

    Slide in Greek residential property prices slows in the second quarter

    Greek residential property prices declined more slowly in the second quarter compared to the previous three-month period, suggesting they could be stabilising as a recession has eased. Property accounts for a large chunk of household wealth in...

  • Central bankers eye public spending to plug $1 trillion investment gap

    Central bankers eye public spending to plug $1 trillion investment gap

    While markets wait for Janet Yellen’s latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the US economy needs more public spending to shift into higher gear. In the...

  • UK retailers see best sales in six months as Brexit slump fades – CBI

    UK retailers see best sales in six months as Brexit slump fades – CBI

    British retailers reported their strongest sales in six months in August, industry figures showed yesterday, adding to signs that consumers are, for now, taking the country’s vote to leave the European Union in their stride. The Confederation of...

  • Pharma nerves hit European stocks as dollar wobbles

    Slumping healthcare stocks pulled European markets lower yesterday after White House candidate Hillary Clinton demanded price cuts on a successful drug, while many investors awaited headlines from a big gathering of central bankers. Healthcare...

  • Tesla Motors: achievements and prospects

    Tesla Motors is the first American car maker to go public since Ford Motor Company had its IPO in 1956. On June 29, 2010, the company launched its IPO on NASDAQ. 13,300,000 shares of common stock were issued to the public at a price of US$17.00...

  • University of Malta to enhance education for professional pilots

    University of Malta to enhance education for professional pilots

    As air traffic is set to triple over the next 20 years, it is expected that nearly 500,000 airline pilots will be needed by 2032. The air transport industry is striving to meet this growing demand for pilots and in parallel it is also seeking...

  • Iran more willing for Opec action to boost oil price

    Iran is sending positive signals that it may support joint action to prop up the oil market, sources in Opec and the oil industry said. Opec’s third-largest producer has been boosting output after the lifting of Western sanctions in...

  • Shipping movements

    These ships are expected in Malta: The Adelheid-S from Tanger Med to Gebze, the Bomar Juliana from Algeciras to Livorno, the AS Rosalia from Annaba to Bejaia, the CMA CGM Titan from Djibouti to Valencia (all CMA CGM Malta Agency Ltd), the Seago...

  • Scottish economy to see £2-11bn Brexit hit

    Scottish economy to  see £2-11bn Brexit hit

    Leaving the European Union will sap Scotland’s economy by between £1.7 and 11.2 billion by 2030, the Scottish government has said. Presenting the figures, Scotland’s First Minister Nicola Sturgeon said she was seeking “in good faith” to negotiate...

  • Two-thirds of Life Sciences Park taken up

    Two-thirds of Life Sciences Park taken up

    A total of 28 tenants have already had their formal submissions evaluated and approved by Malta Enterprise for them to be offered tenancy at the Malta Life Sciences Park. Of these, 18 are already operating at the park, Malta Enterprise...

  • European stocks rebound as euro slips, oil tumbles

    European stocks scored consecutive daily gains for the first time in three weeks yesterday, drawing support from a weak euro, but US and Canadian stocks drifted down as lower metal and oil prices weighed on the materials sector. Emerging market...

  • Changing the economic landscape

    Changing the economic landscape

    The government recently released its Pre-Budget document in the run up to this year’s Budget, which gives a snapshot of some important economic indicators, benchmarked against other places, or caputuring trends over decades. Attracting more...

  • Oil exploration hit by low prices

    Oil exploration hit by low prices

    Cairn Energy has still not decided whether to commit to a 3D seismic survey of Area 3, saying it would first conclude the 2D seismic and geological evaluation currently underway. Carin is the operator for the area, the only one where any level of...