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Business

  • 2016; fasten your seat belts

    2016; fasten your seat belts

    Global markets have been on a roller coaster ride since the opening sessions of 2016. The brutal volatility spared no-one. Equities, currencies, commodities, bonds (both investment grade and high yield) all went through massive price movements...

  • As January goes, so does the year?

    As January goes, so does the year?

    “As January goes, so does the year?” is a conventional saying that equity market returns in January are a precursor of the performance over the next 11 months. This is commonly referred to as the ‘January stockmarket barometer’. Statistical...

  • China seeks food security with $43bn bid for Syngenta

    China made its boldest overseas takeover move when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta yesterday, aiming to improve domestic food production. The largest-ever foreign purchase by a Chinese...

  • Food and sustainability challenges need a new model

    Food and sustainability challenges need a new model

    Transforming the world’s food systems through country-led action partnerships will be key to sustainably feeding over nine billion people by 2050, according to a new report from the World Economic Forum and Deloitte Touche Tohmatsu Ltd (Deloitte...

  • Oil posts strong rebound as the dollar falls

    US and European stocks came off their lows on Wednesday, helped by rebounding oil prices, while a soft report on the US services sector weighed on the dollar by making future rate hikes appear less likely. The US dollar hit its lowest level...

  • GM posts record profit in 2015, driven by North American sales

    GM posts record profit in 2015, driven by North American sales

    General Motors Co. rode sales of SUVs and pick-up trucks in North America to a record profit in 2015 and reaffirmed its forecast to do better this year despite signs that vehicle sales are hitting a peak. GM, the biggest US automaker and number...

  • Shipping movements

    The following ships are expected in Malta: The Alexander Sibum from Sfax to Algiers, the Elbella from Antalya to Mersin, the Aman to Sousse, the CMA CGM Matisse from Kingston to Livorno, the CMA CGM Callisto from Port Klang to Valencia, (all CMA...

  • Is a mini recovery presenting itself?

    Is a mini recovery presenting itself?

    A bit of positive economic data has presented itself this week, marking an improvement in eurozone data albeit negative unemployment figures and PMI data out of Italy. Germany continues to be the pillar of the eurozone recovery as unemployment...

  • Holiday rights when shift plan changes

    At EU level, the Organisation of Working Time Directive guarantees the right of every worker to receive annual paid leave. Part-time workers are required to be treated in a comparable way to full-timers, and to have adequate rest periods. They are...

  • BP reports worst annual losses in two decades

    BP reports worst annual losses in two decades

    BP slumped to its worst annual loss in over 20 years in 2015, the British oil and gas company announced yesterday, and said it would cut thousands more jobs in the face of a deep rout in oil prices. The company, which is still grappling with the...

  • GSK and J&J backing $1bn biotech spin-off from Index Ventures

    Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmith-Kline and Johnson & Johnson. The new Medicxi Ventures...

  • Alphabet overtakes Apple in value

    Alphabet overtakes Apple in value

    Alphabet Inc. easily beat Wall Street’s quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the shares of Google’s parent higher in after-hours trading to surpass Apple Inc. as the most valuable US company. For...

  • Global stocks snap winning streak as oil pressure returns

    World stocks ended three days of gains yesterday as lacklustre global economic data led to another slump in oil prices. Oil fell five per cent after dropping as much as seven per cent the previous session, and the glum macro mood left Wall Street...

  • Company briefs

    iCarbonX has chosen Malta as the first international base of a project aimed at developing an artificial intelligence platform to facilitate research related to the treatment of diseases, preventive care and precision nutrition. iCarbonX founder...

  • FIMBank drops to 2-month low

    The share index retreated by 0.09 per cent to 4,472.468 points as the negative performances of FIMBank and GO marginally outweighed the gains in four equities. Moreover, three other equities traded unchanged. Trading volumes improved as nearly...

  • Volatility was the order of the day during January

    The first month of 2016 can be described as a tale of two halves, with EM weakness and disappointing global economic data leading risky assets lower in the first half, with the second half characterised by some form of market friendly tones and...

  • Retirement out of reach for two in five workers who want it

    Sixty-five per cent of pre-retirees aged 45 and over would like to retire within the next five years if circumstances allowed, but 38 per cent of these say they are unable to do so, according to HSBC’s report, The Future of Retirement: Healthy New...

  • China’s struggles of concern to Europe – Nowotny

    The global economy remains on a moderate recovery track but China’s slowdown is of particular concern as it raises the risk of crisis returning to developed nations, European Central Bank policymaker Ewald Nowotny said yesterday. China’s growth,...

  • Money market report for the week ended January 29

    On Monday, January 25, the European Central Bank announced its weekly main refinancing operation. The operation was conducted on Tuesday, January 26, and attracted bids from euro area eligible counterparties of €68.96 billion, €3.77 billion higher...

  • Ofcom urges Brussels to block O2 and Three merger – FT

    Ofcom urges Brussels to block O2 and Three merger – FT

    British telecoms regulator Ofcom has urged Brussels to block the merger of O2 UK and Three, which it fears could inflate mobile phone bills in the UK, the Financial Times reported. “The merger of two of Britain’s four operators could also hit...

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