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Business

  • Stocks slide but dollar rebounds

    Global equity markets fell yesterday, pulled lower by a weak revenue forecast at Apple Inc, the world’s largest company, while a rebounding dollar after its biggest decline in a month weighed on gold and some stocks. Apple’s shares tumbled seven...

  • Shipping movements

    The following ships are expected in Malta: The the Corona J from Bejaia to Skikda, the Stjerneborg from Tripoli to Tripoli, the Sena Kalkavan from Varna to Izmit (all CMA CGM Malta Agency Ltd), MSC Capella from Port Said to Valencia (John Ripard &...

  • The best of the IBEX

    The best of the IBEX

    When we talk about how the markets are doing throughout the trading session, we normally refer to the DAX, the FTSE or the S&P 500. However, this does not mean that they are the only market indices out there. An index worth looking into is the...

  • Osborne tightens screws on government spending plans

    Osborne tightens screws on government spending plans

    Britain’s Chancellor of the Exchequer George Osborne launched a new front in his austerity push yesterday as he challenged some government departments to find spending cuts of up to 40 per cent by the end of the decade. Osborne said he would...

  • Vodafone cutting European CEO job

    Vodafone cutting European CEO job

    Vodafone said the bosses of its four biggest European markets would report directly to chief Vittorio Colao to speed up decision-making in fast-changing markets, after it decided to scrap its European regional management structure. Vodafone said...

  • 3D trademark registration

    3D trademark registration

    EU legislation allows applicants to register the shape of products and their packaging. This can be done through the registration of a design right on the shape of the product. Alternatively, an unconventional sign on the dimensional form of a...

  • Toshiba CEO to step down over accounting scandal

    Toshiba CEO to step down over accounting scandal

    Japan’s Toshiba Corp. said its chief executive was stepping down yesterday after an independent investigation found he had been aware the company had been inflating its profits over a number of years. CEO and President Hisao Tanaka will be...

  • Oil, gold up as dollar weakens; stocks fall

    Crude oil edged higher and gold prices rose yesterday on the back of a softer US dollar, while earnings hurt Wall Street and helped drag a gauge of major global stock markets lower. Spot gold prices halted a plunge of nearly six per cent in the...

  • Brics bank launches in Shanghai, to work with AIIB

    Brics bank launches in Shanghai, to work with AIIB

    Officials from the world’s largest emerging nations launched the New Development Bank (NDB) yesterday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World...

  • Discount stockbrokers turn to apps to wean Indians off gold

    In India, where gold is the investment medium of choice, low-cost stockbrokers reckon they can increase the paltry percentage of households investing in shares with apps that make it as easy to buy stocks on a smartphone as it is to buy gold on a...

  • Trading activity dwindles to 6-week low

    The MSE Share Index ended this morning’s session practically unchanged at 4,156.876 points as trading activity dwindled to a six-week low with only €0.18 million worth of shares changing hands.  Two equities trended in positive territory including...

  • H2-2015 credit outlook at a glance

    H2-2015 credit outlook at a glance

    Over late-June and early-July, European high yield underwent a rapid spread widening, undoing the gains experienced over the first trimester. With the Greece crisis seemingly resolved (or kicked down the road), much of the weakness should be...

  • After nuclear deal, foreign investors try to tap into Iran

    After nuclear deal, foreign investors try to tap into Iran

    A few investors are racing to establish funds for Iran following last week’s nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. The agreement has made some seek a foothold...

  • Money market report for the week ended July 17

    On Thursday, July 16, 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 cent,...

  • Lockheed to buy Sikorsky for $9bn; to review sale options of IT services

    Lockheed to buy Sikorsky for $9bn; to review sale options of IT services

    Lockheed Martin Corp. said yesterday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp., for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services...

  • Ikea is first retailer to pledge living wage for UK workers

    Ikea is first retailer to pledge living wage for UK workers

    Ikea Group will next year begin paying its staff in Britain a living wage above the compulsory level set out by the government this month, the world’s largest furniture retailer said yesterday. In his first post-election budget, British Finance...

  • LME reaches settlement on aluminium class-action cases

    Hong Kong Exchanges & Clearing Ltd (HKEx) has settled two class-action lawsuits against itself and the London Metal Exchange (LME) over allegations of anti-competitive and monopolistic behaviour. No money was paid by either side in arriving at the...

  • Gold down to five-year low

    Gold prices plunged to their lowest in more than five years yesterday, at one point dropping four per cent on aggressive selling out of China, while the US dollar hit a three-month high on expectations for higher US interest rates. Major US and...

  • Corporate social responsibility

    Corporate social responsibility

    The halls of HSBC UK Contact Centre Malta were gripped by fragrances of cakes as hundreds of employees got busy baking – or buying. A total of 30 support staff members and 24 new recruits took part in the event and altogether raised more than...

  • New highs for MIA and RS2

    New highs for MIA and RS2

    Demand for the shares of RS2 Software plc continued to emerge during this morning’s session of the stock exchange, helping the equity rise by a further 0.4% to reach yet another all-time high of €2.26 across eight deals totalling 14,930...