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Business

  • Volvo ousts CEO, turns to Scania for new boss

    Volvo ousts CEO, turns to Scania for new boss

    Sweden’s Volvo named Martin Lundstedt, the head of Volkswagen-owned Scania, as its chief executive yesterday, replacing embattled Olof Persson who for nearly four years led a sweeping efficiency drive at the global truck maker. Persson had led a...

  • Diversification in investors’ portfolio is important

    The current equity bull market has just celebrated its sixth birthday, and investors have experienced some extraordinary gains. The length of this bull run is above average for the asset class, but pales into insignificance when compared to the...

  • Shares hold on steady over earnings as US Treasuries dip

    Stocks in major markets were little changed yesterday as the latest round of US corporate earnings kept equities in check, while US Treasury prices declined after home sales data added to anticipation of a rate hike by the US Federal Reserve later...

  • New Chivas Regal Extra takes luxury whisky to the next level

    New Chivas Regal Extra takes luxury whisky to the next level

    Chivas Regal, the world’s first luxury whisky, introduces Chivas Regal Extra – its first new global expression since 2007. Complementing its collection of premium blended Scotch whiskies, Chivas Regal Extra is one of the richest, most...

  • Shipping movements

    The following ships are expected in Malta: The AS Aries to Iskenderun, the BF Nilou from Annaba to Bizerte, the CMA CGM Rigoletto from Jeddah to Valencia (all Carmelo Caruana Co. Ltd), the K-River from Valencia to Tunis (Thomas Smith Shipping Ltd)...

  • Kinetix launches service to provide low visibility on IT support costs

    Kinetix launches service to provide low visibility on IT support costs

    Are IT support costs creeping up on you? IT powers your business, so can you afford to compromise on IT support? This is the IT support conundrum that most are faced with, balancing the cost of the service and reliability and stability of your...

  • Various equities trend marginally lower

    The share index shed 0.3 per cent to 3,739.353 points today as most of the large equities by market capitalisation trended lower. The share price of Bank of Valletta eased 0.5 per cent lower to €2.23 across six deals totalling 56,253 shares ahead...

  • What rating to choose for your High Yield portfolio?

    Sub-investment grade bonds can be broadly divided in BB-rated, B-rated and CCC & lower rated with the risk profile increasing in this respective order. The yields are naturally higher for the lower rated names but the movements are generally not...

  • Facilitating the recovery of small cross-border debts

    The current European Small Claims Procedure available to both consumers and traders is set to improve. The recent approval by the European Parliament’s legal committee of draft new rules has ensured that the ball will keep rolling in the right...

  • Greece requisitions spare cash in dash to stay solvent

    Greece requisitions spare cash in dash to stay solvent

    Greece ordered state entities from municipalities to a fund meant for future generations to park idle cash at the central bank in a scramble late on Monday to pay its bills. With IMF loan repayments due next month, Greece has been tapping into...

  • UK supermarkets face possible probe over pricing practices

    UK supermarkets face possible probe over pricing practices

    Britain’s embattled supermarkets face a possible probe by competition regulators after UK consumer watchdog Which? demanded an investigation into grocers’ pricing practices. Which? said yesterday it had made a “super-complaint” to the Competition...

  • Earnings lift stocks but Greek anxiety hits euro

    Global stock markets rose yesterday, helped by upbeat European earnings and US earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults. Wall Street opened higher and European trading was strong,...

  • Sky sees potential for further price rises as loyalty remains strong

    Sky sees potential for further price rises as loyalty remains strong

    Pay-TV group Sky believes its customers will accept higher prices, it said yesterday after reporting a 20 per cent jump in nine-month profits, sending its shares to a 14-year high. Sky, which formed from the combination of Britain’s BSkyB, Sky...

  • HSBC, GO lift share index into positive territory

    Following the negative start to this week, the share index rebounded during this morning’s session with a 0.1 per cent uplift to 3,744.360 points on the back of increases in the share prices of HSBC and GO. The equity of HSBC reversed yesterday’s...

  • Planning for retirement: a long term process

    Fixed Income and Equity assets have had a remarkable run over recent months, with bond yields (sovereign and corporate, investment grade and high yield) at record lows and (most) Equity Indices trading at record highs (or perhaps slightly off...

  • Talks with Greece have gained momentum but still long way from target – IMF

    Talks with Greece have gained momentum but still long way from target – IMF

    Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund’s European head told a German newspaper. Athens has been...

  • Irish budget deficit fell to 4.1% at end-2014

    Ireland’s budget deficit fell to 4.1 per cent of gross domestic product at the end of 2014, well under an EU-set target of 5.1 per cent as it moves towards cutting it below 3 per cent by the end of this year. The deficit fell from 5.8 per cent at...

  • Money market report for the week ended April 17

    On Wednesday, April 15, 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...

  • Chinese President launching an economic link in Pakistan

    Chinese President launching an economic link in Pakistan

    Chinese President Xi Jinping arrived in Pakistan yesterday to launch $46 billion in projects linking the allies, a figure that would far exceed US spending in Pakistan and underscores China’s economic ambitions in Asia and beyond. The...

  • The renminbi reaches the boardroom as usage climbs

    The renminbi (RMB) has become a topic of debate in more than a fifth (22 per cent) of company boardrooms around the world, just five years after China began to liberalise its currency, a survey from HSBC Commercial Banking shows. Outside Greater...

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