Advert

Business

  • BoE slashes wages forecast

    BoE slashes wages forecast

    The Bank of England forecast yesterday that wages would grow far more slowly than previously expected and linked their rate of increase closely to borrowing costs, suggesting it was in no hurry to raise Britain’s record low interest rates. Shortly...

  • Demand for rental properties exceeds supply

    In the past decade, the rental market has boomed, with demand now exceeding supply all over the island. The north as well as the south of the island has experienced an influx of foreigners which requires an increase in properties available for...

  • Shipping movements

    The following ships are expected in Malta: The Devon Strait from Ambarli to Tunis, the Saint Roch from Tripoli to Benghazi, the CMA CGM Palleas from Tanger Med to Suez, the EM Spetses from Mersin to Antalya, the CMA CGM Onys from Damietta to Genoa...

  • IHI decline weighs on MSE Share Index

    IHI decline weighs on MSE Share Index

    The MSE Share Index closed minimally lower at 3,304.165 points, as the 4.1% drop in the share price of International Hotel Investments plc offset the gains in three other equities. IHI’s share price retreated back to its July low of €0.70 on...

  • What lay bare Microsoft’s emerging markets problem?

    What lay bare Microsoft’s emerging markets problem?

    On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China. The official asked the interpreter to double check Gates’ reply as he couldn’t believe the figure was so low. It’s...

  • Shell to cut 250 onshore jobs in North Sea

    Shell to cut 250 onshore jobs in North Sea

    Royal Dutch Shell will cut around 250 jobs at its onshore North Sea oil operations in Aberdeen, Scotland as part of a business restructuring, a spokesman said yesterday. The oil and gas company said the job reductions in Aberdeen will be...

  • German prosecutors are to seek charges against Deutsche Bank co-CEO – sources

    German prosecutors are to seek charges against Deutsche Bank co-CEO – sources

    German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said yesterday. The decision to pursue charges,...

  • German sentiment weighs on stocks as oil prices slide

    Brent crude oil hit a nine-month low yesterday as ample North American production outweighed concern over supply from the Middle East, while stocks and the euro were pressured by plunging investor morale in Germany, Europe’s largest...

  • Share Index drops 0.7% as 6 equities retreat

    Share Index drops 0.7% as 6 equities retreat

    The MSE Share Index retreated by 0.7% this morning to 3,307.081 points as six of the eight active equities closed in negative territory. In the financial sector, HSBC Bank Malta plc dropped 1.5% to €1.92 across 6 trades for a total of 10,222 shares.

  • Frequent flyer schemes revamped to drive profits

    Frequent flyer schemes revamped to drive profits

    Beset by low air fares and relentless competition, airlines around the world are waking up to the value of their frequent flyer programmes and realising they can boost profits as well as brand profile. A multitude of global carriers – preserved by...

  • Money market report for the week ended August 8

    On Thursday, August 7, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and on the marginal lending facility and deposit facility will remain unchanged at 0.15 per...

  • Those emotional brands

    Those emotional brands

    We are witnessing the age of emotional branding and this is the real mission of every brand: making itself felt rather than just seen. It’s about drawing an advantage from perceptions and establishing a real and emotional contact with consumers...

  • TPG $3.1 billion move for Australia’s Treasury Wine

    TPG $3.1 billion move for Australia’s Treasury Wine

    Two global private equity giants are set to face off in a battle for Australia’s Treasury Wine Estates Ltd after TPG Capital Management LP matched a $3.1 billion move from KKR & Co. LP for one of the world’s biggest wine makers. A week after KKR...

  • Russia leads stocks rally

    A global gauge of equities rose for a second day yesterday, posting its largest daily advance in four months as investors bet on a reduced risk of direct conflict between Russia and Ukraine while tensions in Gaza eased as a new 72-hour truce...

  • China says over 150 ‘economic fugitives’ are at large in the US

    China says over 150 ‘economic fugitives’ are at large in the US

    More than 150 economic fugitives, many of whom are corrupt officials or suspected of graft in China, are at large in the United States, Chinese state media said yesterday, citing a senior official from the public security ministry. The US “has...

  • BOV and HSBC trade in opposite directions

    BOV and HSBC trade in opposite directions

    This morning, the MSE Share Index closed marginally lower at 3,392.900 points (-0.043%) as a mix of 37 deals across 9 equity names were traded, with four gaining, four losing and one equity closing unchanged. The beginning of the four-day week saw...

  • Implementing a post-crisis growth strategy for Europe

    Implementing a post-crisis growth strategy for Europe

    Back in 2010, the European Commission announced a ‘Europe 2020 strategy for growth and jobs’. By 2020, the EU was to achieve smart, sustainable and inclusive growth. It would get there by aiming for ambitious targets in key areas like employment,...

  • BMW cuts part prices in China

    BMW joined its German rivals Audi and Mercedes-Benz in cutting prices of auto spare parts in China, where the government has complained about overcharging and launched probes to expose what it describes as anti-competitive behaviour. BMW, which...

  • Navigating in geopolitical turbulence

    Navigating in geopolitical turbulence

    Those who believe in conspiracy theories must surely be speculating as to what else could happen to blast EU economies further out of course. With sluggish economic growth and record unemployment, the last thing that Europe needs is yet more...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Alkin Kalkavan from Varna to Avcilar, the Vega Aquila from Thessaloniki to Piraeus (both Carmelo Caruana Co. Ltd), the Concordia from Benghazi to Benghazi and the Maersk Brooklyn from Antwerp to Haifa...