Advert

Business

  • HSBC deeply regrets Swiss bank failings

    HSBC deeply regrets Swiss bank failings

    HSBC Holdings plc apologised and said it deeply regretted past conduct and compliance failures at its Swiss private bank as it reported a 17 per cent drop in annual profit yesterday. Europe’s biggest bank said recent disclosures about past...

  • Money market report for the week ended February 20

    On Monday, February 16, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €122.11 billion, €17.58 billion...

  • Twenty-First Century Fox denies takeover talks with Discovery

    Rupert Murdoch’s Twenty-First Century Fox Inc. held preliminary takeover talks with Discovery Communications Inc. with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported yesterday. Fox, which like other...

  • Oil prices fall as worries over US oversupply drag

    Oil prices fall as worries over US oversupply drag

    Oil prices dipped yesterday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and US contracts hovering around $50.50. After an initial rise yesterday along with global markets on optimism that...

  • Low-profile engineer to take over as Honda CEO

    Honda Motor Co. chief executive Takanobu Ito will step down in late June after six years in the top post and be succeeded by managing officer Takahiro Hachigo, a low-profile engineer with global experience, the company said in a surprise...

  • Canada’s Valeant to acquire Salix

    Canada’s Valeant to acquire Salix

    Canada’s Valeant Pharmaceuticals International Inc. agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion, the two companies said. The deal for Salix, known for its irritable bowel...

  • Stocks mixed as Greece’s deal offsets tumbling oil

    US stocks slipped from all-time highs yesterday, pulled lower by a sharp drop in crude oil prices, while European shares rallied to fresh seven-year highs on last week's conditional financial rescue for Greece. Yields on low-rated eurozone...

  • Renault SA – Excels on the road and in equity markets

    Renault shares were up 50.00% in 2014 and 12.70% year-to-date. This excellent performance was a result of the company’s capability of beating the market’s expectations mainly due to the success of its Dacia brand which targets the low cost...

  • Why our environment matters so much

    Why our environment matters so much

    Those who try to ridicule environmentalists as tree-hugging idealists who live in a fantasy world detached from the harsh economic realities that seem to have gripped the world will one day realise that our environment does matter a great deal. It...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Voilet from Tanger Med to Gebze, the Saint Roch from Tripoli, the Stjerneborg from Misurata, the CMA CGM Marco Polo from Le Havre to Khor Al Fakkan, the CMA CGM Butterfly from Fos-Sur-Mer to Suez (all...

  • ‘Fundamental to talk about business practice and rules’

    ‘Fundamental to talk about business practice and rules’

    It was absolutely fundamental to develop rules and regulations for businesses to adhere to, the chairman of the Commonwealth Enterprise and Investment Council Jonathan Marland stressed. “I think it is a problem for business in the modern world,...

  • BMIT awarded prestigious Ruban d’Honneur

    Business Awards Europe has given the Ruban d’Honneur award to local data centre and cloud services provider BMIT. BMIT won in the 2014-15 European Business Awards’ category dedicated to European companies with turnover up to €25 million, along...

  • UK pension changes: what it means for people in Malta with British pensions

    UK pension changes: what it means for people in Malta with British pensions

    The UK government is completely overhauling the system so that those with British private and employer pensions can access them in a much more flexible way. This will impact the British expat population in Malta and equally anyone who has spent...

  • Progress Press hosts workshop on its new HP digital line

    Progress Press hosts workshop on its new HP digital line

    It was full house at Progress Press on February 5 and 6 as over 80 individuals attended a workshop entitled Expanding your Creative Freedom with Digital Printing. The focus of this event was the company’s new digital print line – the HP indigo...

  • Deficit down to €189m

    The public deficit was cut by €11.8.4 million by November, compared to a year ago, according to the Central Bank of Malta’s economic survey. Figures for November 2014 show a €93.7 million surplus, as against a deficit of €21.6 million in November...

  • New venture capital initiative launched

    The government has launched Venture Capital Malta (VC – MT), developed in collaboration with finance and advisory specialists from the private sector. It was launched by the Ministry for the Economy, Investment and Small Business, through Malta...

  • Malta Chamber welcomes SME financing initiatives

    The Malta Chamber of Commerce, Enterprise and Industry welcomed the launch of a new scheme facilitating access to finance for SMEs as well as of Venture Capital Malta. “The funds being allocated by Malta under the finance to SMEs initiative will...

  • Chartered Banker MBA Malta event

    A networking and informational event for the banking and financial services sector is being hosted by ifs-Malta and the Bangor University Business School. Participants will be able to learn more about the only qualification in the world combining...

  • Lecture on global vehicle industry

    The University of Malta’s Department of Economics is holding its sixth annual public lecture in memory of Nadia Farrugia. Ms Farrugia was an assistant lecturer at the university. The lecture, entitled Drivers of Change in the Global Auto Industry,...

  • MSE index closes at a nine-month high

    MSE index closes at a nine-month high

    Last week the Malta Stock Exchange (MSE) index extended its gains by 0.95 per cent, to close on Friday at a nine-month high of 3,458.637 points. This follows solid gains by most of the 15 traded issues, of which shares of Malta International...