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  • Top banks’ 2017 commodities revenue drops 42 per cent to lowest since 2006

    Commodities-related revenue at the 12 biggest UK investment banks fell by 42 per cent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said yesterday. Revenue from commodity trading, selling...

  • Steve Wozniak in Malta

    Gaming Innovation Group (GiG), one of the island’s biggest iGaming employers, will host co-founder of Apple and legendary Silicon Valley tech wizard Steve ‘Woz’ Wozniak in Malta at an event celebrating the company’s five-year anniversary. GiG’s...

  • Renault posts record earnings

    French carmaker Renault posted record sales and profit for 2017, bolstering chief executive Carlos Ghosn’s position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan. Renault said...

  • Stocks set for best week in six years as dollar climbs

    Global stocks rose yesterday and were set for their best week in six years as strong corporate earnings offset concerns about rising inflation and interest rates, while the US dollar edged higher from a three-year low against major currencies. US...

  • The sweet smell of private initiative

    The sweet smell of private initiative

    It is generally recognised that the success of most economies depends on the level of private initiative. The extent of private initiative in an economy is a reflection of the extent of democratisation of an economy. It is also recognised that...

  • IBM lawsuit casts diversity in starkly competitive terms

    International Business Machines Corp’s insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce are trade secrets bucks a trend towards transparency and highlights how companies can see the issue in competitive...

  • Make vision count

    Make vision count

    Class Optical Ltd, in association with the Maltese Association of the Sovereign Military Order of Malta (MASMOM), recently presented a number of asylum seekers with a pair of spectacles. The event marked the company’s annual corporate...

  • Google’s app network quietly becomes huge growth engine

    Google’s app network quietly becomes huge growth engine

    Google makes ads show up in more smartphone apps than any other technology company. That is the core of a resurgent business for parent Alphabet Inc. Google’s ad network unit has posted three straight quarters of year-over-year double-digit sales...

  • Lloyds axes £100bn Standard Life Aberdeen contract

    Lloyds axes £100bn Standard Life Aberdeen contract

    Lloyds Banking Group and Scottish Widows have axed a £100 billion asset management mandate with Standard Life Aberdeen, citing competition issues triggered since the fund managers merged last year, the bank said yesterday. SLA currently manages...

  • Siemens Gamesa to cut costs by €2 billion by 2020

    Siemens Gamesa, the world’s number two maker of wind turbines yesterday said it would reduce costs by about €2 billion by 2020, hoping this will help it narrow a margin gap with larger rival Vestas. Presenting its new three-year business plan at a...

  • Stocks shrug off bond market angst over inflation

    Stocks and commodities steamed higher yesterday, suddenly shrugging off the angst that has burst out in recent weeks over higher global borrowing costs on the back of rising inflation. Economists were struggling to explain the shift except for the...

  • Potential main market listings

    Potential main market listings

    On February 1, the Malta Stock Exchange (MSE) issued a notice to its members (i.e. stockbroking firms) in which it provided very valuable information regarding the indicative listing calendar for the first half of 2018. It is important to note...

  • H&M sees growth in online sales lifting earnings this year

    H&M sees growth in online sales lifting earnings this year

    Sweden’s H&M expects earnings to grow this year as rising online sales offset weakness in its physical stores, it said on Wednesday at its first ever day of investor briefings held to assuage concerns over future strategy. Shares in the world’s...

  • Walmart goes to the cloud to close gap with Amazon

    One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than 10 football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, are...

  • European shares brush off US inflation spike

    European shares rose yesterday, quickly recovering from losses sparked by stronger-than-exp-ected US inflation data, as solid company and economic updates kept investors confident. The STOXX 600 index rose 1.1 per cent, having earlier lost as much...

  • Shipping movements

    The following ships are expected in Malta: The Okee August from Gemlik to Misurata, the CMA CGM Columbia from Genoa to Beirut (both CMA CGM Malta Agency Ltd) today. The Contship Max from Tripoli to Izmir, the Carlotta Star from Algeciras to...

  • LNG bunkering industry in Malta

    LNG bunkering industry in Malta

    Ports which have a leading role in Europe have already set up LNG bunkering facilities and hence if Malta wants to retain its status as a maritime hub, the question is not if it should set up LNG bunkering facilities but how soon it can do...

  • Volkswagen chairman sees no reason to question CEO position

    Volkswagen chairman Hans Dieter Poetsch said that there is no reason to question the position of the carmaker’s top executive. Sources close to the top management of Europe’s largest automaker have said that chief executive Matthias Mueller was...

  • Sweet surprise for bank in-branch customers on Valentine’s Day

    Sweet surprise for bank in-branch customers on Valentine’s Day

    Customers visiting any of the APS Bank branches today are in for a sweet surprise as they will be personally handed heart-shaped Lenten biscuits (locally known as kwareżimal) by staff members as a token of appreciation for their loyalty. This is...

  • MPs say accountancy firms facing questions over Carillion collapse

    MPs say accountancy firms facing questions over Carillion collapse

    KPMG and other leading accountancy firms face serious questions over their work with failed construction firm Carillion after making millions of pounds out of their relationships with the company, British lawmakers said yesterday. Lawmakers from...