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  • New head at Haud Systems

    New head at Haud Systems

    Haud Systems, an industry leader in spam filtering and revenue assurance for network operators, announced the appointment of Elken Calleja as head of business analysis and forecasting. Mr Calleja will be responsible for the direction and guidance...

  • GM to invest $1bn in India

    General Motors Co. will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said yesterday. The investment is part of GM’s plan...

  • Positive start to interim reporting season

    Positive start to interim reporting season

    The interim reporting season commenced last week with the publication of the half-year financial statements of Plaza Centres plc and Mapfre Middlesea plc. Most of the companies that have their equity listed on the Malta Stock Exchange have a...

  • Mortgage lending in Britain jumps in June

    British mortgage lending picked up strongly in June, adding to signs that the housing market is regaining momentum, but a sharp drop in lending to businesses was a reminder that the economic recovery has yet to find a sounder footing. The value of...

  • HSBC Malta launches €75 million Malta Trade for Growth Fund

    HSBC Malta launches €75 million Malta Trade for Growth Fund

    HSBC Bank has launched a new €75 million Malta Trade for Growth (MTFG) Fund following the success of the first €50 million trade fund launched in December 2013. The aim of the €75m MTFG Fund is to help Maltese companies take their business beyond...

  • Stocks climb ahead of Fed statement

    Global equity markets rose yesterday, lifted by strong US and European corporate earnings, although moves were subdued before a policy statement from the US Federal Reserve, which is expected to raise interest rates, perhaps as early as...

  • Prestigious award for BPC founder

    Prestigious award for BPC founder

    The late Joseph Brockdorff, founder of BPC International, has been posthumously awarded the Gold Award by the Institute of Maltese Journalists (IGM). This is the institute’s most prestigious honour, recognising those who have made significant...

  • VW lowers its sales goal as demand in China slows

    VW lowers its sales goal as demand in China slows

    Volkswagen lowered its sales forecast as demand weakens in China, where the group’s largest division delivers more than 40 per cent of its vehicles, outweighing gains in Europe. The German group yesterday scaled back its expectations, predicting...

  • Workplace savings: a simple and effective alternative to second pillar pensions

    Workplace savings: a simple and effective alternative to second pillar pensions

    Behavioural economics teaches us that the majority of people believe making investment decisions is difficult and complicated, and as such they avoid taking any long-term decisions. This creates a barrier for people needing to save for their...

  • Shipping movements

    The following ships are expected in Malta: The Hansa Narvik from Mersin to Mersin, ANL Windarra from Damietta to Genoa, the HH West from Tobruk to Tobruk, the Janina from Sfax to El Khoms (all CMA CGM Malta Agency Ltd), the MV Eurocargo Venezia...

  • Air Serbia introduces summer flights to Malta

    Air Serbia introduces summer flights to Malta

    Air Serbia is the national airline of the Republic of Serbia. The airline is engaged in the transport of passengers and cargo in scheduled and charter services, crew and airline staff training and other business activities. Air Serbia serves more...

  • Share index at a fresh 7-year high

    During this morning’s trading session, the share index trended higher for the third consecutive session with a further 0.8 per cent increase to reach yet another seven-year high of 4,205.810 points as various equities closed in positive...

  • What to expect from today’s FOMC meeting

    What to expect from today’s FOMC meeting

    The US Federal Open Market Committee is due to meet today. The meeting, which is not scheduled to have an accompanying press conference, is expected to be somewhat uneventful to say the least, with Yellen expected to indicate possible slight...

  • Right to parental leave

    It is illegal to prohibit a male employee from taking parental leave due to the fact that his wife is not in paid employment, the Court of Justice of the European Union has recently affirmed. Parental leave is an individual right which cannot be...

  • BP profits slump after huge oil spill charge

    BP profits slump after huge oil spill charge

    BP’s second-quarter profit slumped by nearly two-thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion charge related to the 2010 Gulf of Mexico oil spill. In a sign it was hunkering down for an extended...

  • UK GDP growth bounces back in the second quarter

    UK GDP growth bounces back in the second quarter

    British economic growth got back on track in the second quarter of 2015, after a pick-up in the country’s dominant services sector and one of the biggest surges in oil and gas production in a generation. Gross domestic product grew 0.7 per cent on...

  • Stocks end losing streak as China fears ease off

    US and European stocks were on track to snap five-day losing streaks yesterday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices. Safe-haven government bonds eased in price,...

  • Cash-rich Zurich Insurance eyes bid for British rival firm RSA

    Cash-rich Zurich Insurance eyes bid for British rival firm RSA

    Cash-rich Zurich Insurance is weighing a bid for a British rival which could top $8 billion and attract counter-offers as insurers seek to diversify amid toughening regulations. EU rules due in January governing how much money insurers must set...

  • GO’s equity continues to recover

    Following last week’s 12.5 per cent slump in the share price of GO and the initial 1.6 per cent rebound yesterday on heightened activity, GO’s equity continued to recover today and advanced by 8.8 per cent to €3.48 on volumes of 39,800...

  • EUR and US credit – diverging performance in recent weeks

    EUR and US credit – diverging performance in recent weeks

    We’re well into the second week post Greek deal and one would rightly think that the Greek crisis is slowly fading, with credit responding to this through a marked tightening over recent weeks. However, we must be aware that we are not completely...