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Business

  • HSBC to freeze salaries, hiring in 2016 in battle to cut costs – sources

    HSBC to freeze salaries, hiring in 2016 in battle to cut costs – sources

    Europe’s largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters. An e-mail was sent to staff on Friday detailing the latest cost-saving measures, according to...

  • Stocks down after grim China data as oil plummets

    Global markets got February off to a cautious start yesterday following a rocky January, with stocks and oil falling in the wake of weak manufacturing reports around the world. US and European stocks fell, after disappointing eurozone...

  • Share index slightly up on weak activity

    The share index extended last Friday’s gain by a further 0.09 per cent to 4,476.276 points as the positive performance of Malta Properties, GO and BOV outweighed the decline in HSBC. Three equities traded unchanged. Trading volumes remained weak...

  • Anheuser-Busch (Budweiser) update

    Anheuser-Busch (Budweiser) update

    Anheuser-Busch sells $47 billion worth of the liquid every year, boasting an absurdly high 24 per cent profit margin and inspiring some of the strongest customer loyalty. In essence Anheuser-Busch is one of those massive companies that can do...

  • The global economy is hanging in the balance

    The global economy is hanging in the balance

    It has not been a good start to the year for financial markets, the real global economies, and the political leadership of most countries. Most economic growth forecasts made a few weeks ago are being revised as the general consensus is that the...

  • Rocky markets test the rise of amateur ‘algo’ traders

    Rocky markets test the rise of amateur ‘algo’ traders

    University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading – until now the preserve of hedge funds and mega brokers – and says he’s beating the market. Texas-based Singleton won a...

  • ­­­Shipping movements

    These ships are expected in Malta: The Saint Roch from Misurata to Misurata, the Alexander Sibum from Sfax (both CMA CGM Malta Agency Ltd), MV Eurocargo Napoli from Salerno to Salerno, the MV Eurocargo Venezia from Genoa to Genoa (both Sullivan...

  • ‘Six markets, 131 restaurants and 100 million customers’

    ‘Six markets, 131 restaurants and 100 million customers’

    Premier Capital plc, the Maltese-owned developmental licensee for McDonald’s in Malta, Estonia, Latvia, Lithuania and Greece, was last week granted the developmental licence for McDonald’s in Romania. Premier Capital chairman Melo Hili speaks to...

  • Four heavyweights drag the MSE lower

    Four heavyweights drag the MSE lower

    The Malta Stock Exchange (MSE) index recorded its first weekly decline for the year to close 1.08 per cent lower, at 4,472.26 points. Nevertheless, on a year-to-date basis the index still managed to end in positive territory – up by 0.9 per cent –...

  • US Federal Reserve shifts into wait-and-see mode as global markets tumble

    In a statement after its two-day meeting last week, the Federal Reserve (Fed) said that it is “closely monitoring global economic and financial developments” while “assessing their implications for the labour market and inflation, and for the...

  • Company briefs

    The Phoenicia has won the 2016 TripAdvisor Travellers’ Choice Award for Luxury Hotels, having already won multiple TripAdvisor awards. TripAdvisor is the world’s largest travel site and offers trusted advice from real travellers on a wide variety...

  • Volatility in the equity market – should investors be worried?

    Volatility in the equity market – should investors be worried?

    What a start to 2016! Very few would have predicted such a dramatic opening to the year as the global stock markets manifested one of the worst starts to a year in history. A plunge in the Chinese market sparked fears around the world of another...

  • Business offices space

    Business offices space

    Frank Salt Real Estate has been engaged as sole agent for Business Offices Services International (BOSI), a high-profile office development in Malta. “If one is looking for office space in Malta, the new development’s rental options are worth...

  • Young leaders on EU 2020 targets

    The Mini European Assembly debated the EU 2020 targets during a simulation of a plenary session of the European Parliament at Smart City, Kalkara. The programme is organised by the National Student Travel Foundation to provide young people with...

  • Euro term deposit launched

    Euro term deposit launched

    For a limited time only, APS Bank has launched a three per cent euro term deposit account for people aged 60 and over at the time of account opening. Account holders may deposit a minimum of €5,000 up to a maximum of €50,000 in capital for a fixed...

  • Creating a stronger property network

    Creating a stronger property network

    Century 21 Malta is looking to work with partners wishing to take their real estate business to the next level. The selected individuals or companies will benefit from real estate services, systems, programmes and support. “Since launching its...

  • Audit firm awarded ACCA Approved Employer Platinum Status again

    Audit firm Parker Randall Turner has been re-awarded the ACCA Approved Employer – Trainee Development, Platinum Status, which had been first presented to the audit firm in 2012. Through this status, Parker Randall Turner commits itself to...

  • Logistics solutions firm has new website

    Logistics solutions firm has new website

    Fahrenheit Freight Forwarders Co. Ltd has launched a new website www.fahrenheit.com.mt in line with its corporate identity, which is closely aligned with the company’s strategic vision for growth and expansion in the upcoming years. The website...

  • New Belair office in Naxxar

    New Belair office in Naxxar

    Belair Property has opened a new office in Labour Avenue Naxxar. The office – operated by director Jean Pierre Camilleri, in collaboration with manager Niki Casolani – marks a pivotal moment in the company’s 40-year history. Belair Property...

  • Engel & Völkers grows turnover by over €100 million

    Engel & Völkers grows turnover by over €100 million

    The Engel & Völkers Group increased its commission revenues in the financial year 2015 by over €100 million, setting a new all-time record once again. Turnover rose by 36.4 per cent to €409.8 million (2014: €300.3 million). “Never before has the...

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