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Business

  • Company briefs

    Company briefs

    Kia Motors Europe achieved the highest first quarter sales in the company’s history, with year-to-date growth of 7.4 per cent, according to the latest data from the European Automobile Manufacturers’ Association (ACEA). During the first three...

  • Euro outlook and investment strategy

    Euro outlook and investment strategy

    The euro currency on May 13 stood at 1.3715 against the dollar. At the time that this article is being written the EURUSD is trading at 1.1231. Over a one year period the euro fell by over 18 per cent leading to significant gains for US dollar...

  • Why have MGS prices suddenly dropped?

    Why have MGS prices suddenly dropped?

    Many investors have been asking for the reasons behind the sudden drop in prices of Malta Government Stocks over the past three weeks. Prices and yields of MGS mirror movements in the benchmark German bund and those of other periphery countries...

  • Japan’s top carmakers to expand Takata airbag recalls by millions

    Japan’s top carmakers to expand Takata airbag recalls by millions

    Japan’s three biggest carmakers said yesterday they would expand a huge global recall triggered by potentially fatal airbags made by Takata Corp., saying they were taking back millions of vehicles worldwide for investigation. Toyota Motor Corp.

  • Toyota and Mazda plan long-term partnership to confront tech challenges

    Toyota Motor Corp. and Mazda Motor Corp. announced plans for a long-term partnership that would go deeper than existing project-based ties as the industry faces escalating costs and technical challenges, including environmental and safety...

  • EU to impose duties on electrical steel imports

    The European Union will impose anti-dumping duties from today on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, its second set of measures this year to protect European steel producers. The...

  • AOL’s CEO Armstrong charted bumpy path to big Verizon sale

    AOL’s CEO Armstrong charted bumpy path to big Verizon sale

    AOL Inc. chief executive Tim Armstrong’s six-year path to transforming the venerable dial-up internet provider into a marketable mobile ad specialist was filled with bumps. Armstrong spent hundreds of millions on the money-losing hyper local news...

  • Dollar slips as stocks inch up after soft US data

    The dollar index hit its highest in more than three months while global stock indexes edged up yesterday as weaker-than-expected US retail sales bolstered confidence the Federal Reserve will hold off raising rates soon. The S&P 500 was up slightly...

  • Shipping movements

    The following ships are expected in Malta: The BFP Galaxy from Bejaia, the Avonmoor from Sousse to Sousse, the HH North (ex-Connorth) from El Khoms to Misurata, the OPS Hamburg from Annaba to Skikda, the CMA CGM Ivanhoe from Jeddah to Valencia...

  • Share index slumps to two-week low

    The share index shed a further 0.2 per cent during this morning’s session to drop back to a new two-week low of 3,773.428 points largely reflecting the deceases in the share prices of HSBC and International Hotel Investments. The equity of HSBC...

  • A quick review of the European airline industry

    A quick review of the European airline industry

    The European airline sector was one of our top picks towards the end of 2014 when declining oil prices and a depreciating Euro provided significant tailwinds. A glimpse of a European recovery and quantitative easing in the first months of 2015...

  • Tourism growth beats economic expansion

    Tourism growth beats economic expansion

    Travel and tourism worldwide grew at an average 3.4 per cent annually over the past four years, above the 2.3 per cent increase in the global economy, according to the World Economic Forum. Such performance, the WEF pointed out in its latest...

  • Saudi Arabia’s April crude output hits record high

    Saudi Arabia’s April crude output hits record high

    Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and its own power plants and refineries. The world’s top oil exporter pumped 10.308 million barrels of oil per...

  • Greece tapped reserves at IMF to make debt repayment, government officials reveal

    Greece tapped emergency reserves in its holding account at the International Monetary Fund to make a crucial €750 million debt payment to the Fund on Monday, two government officials said yesterday. With Athens close to running out of cash and a...

  • Britain will be constructive but firm with EU, says George Osborne

    British Finance Minister George Osborne said yesterday that the new British government would be constructive but firm in negotiations with other EU partners to reform the European Union before a British referendum on its membership of the...

  • US approves Shell’s plan to drill for oil in the Arctic

    US approves Shell’s plan to drill for oil in the Arctic

    Royal Dutch Shell’s return to oil drilling in the US Arctic for the first time since 2012 took a big step forward on Monday when the Obama administration approved the company’s exploration plan. The Department of Interior conditionally approved...

  • German bund yields climb, lifting euro as stocks decline

    German bond yields spiked yesterday, generating demand for European currencies, while volatility in global bond markets weighed on stock indexes around the world. US 10-year Treasury yields hit their highest in six months before reversing...

  • Easyjet warns on third quarter and share price falls

    Easyjet warns on third quarter and share price falls

    British airline Easyjet said it faced tougher business conditions in the third quarter, citing the cost of strike-related disruption and an expected dip in underlying revenue in a warning that sent its shares down eight per cent. Europe’s No. 2...

  • Deutsche Post profit drops over weak freight division

    Postal and logistics group Deutsche Post DHL said it would review the restructuring at its freight division, which has proved tougher and more costly than expected, after reporting a lower-than-expected first-quarter operating profit. “We saw a...

  • Large cap equities decline

    Yesterday’s uplift in the share index was short lived as the local equity benchmark slipped back into negative territory during this morning’s session with a 0.3 per cent drop back to 3,782.529 points as four of the five largest equities by market...

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