Business
Advert

Business

  • US oil giant Chevron says will acquire Anadarko for $33 billion

    US oil giant Chevron says will acquire Anadarko for $33 billion

    US oil giant Chevron announced Friday it had agreed to acquire all outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s Thursday closing price, Anadarko shareholders will...

  • Markets and the IMF’s growth concerns

    Markets and the IMF’s growth concerns

    The change in tone by leading Central Banks in this week’s monetary updates came as no surprise given the latest downward revision of growth by institutions, such as the International Monetary Fund (IMF). It is a fact that recent figures confirm a...

  • Corinthia announces opening of new hotel in Dubai

    Corinthia announces opening of new hotel in Dubai

    Corinthia has announced the opening of its first hotel in the Middle East due to launch in 2020. Corinthia Meydan Beach Dubai will be located on JBR beachfront in Dubai. It marks the beginning of ambitious expansion plans by the hotel...

  • The worrying rise of the right

    The rise of the right wing in Europe is bad news for the economy. I have purposely referred to the right wing as this is the way the alliance forged in Milan this week by parties from Italy (Lega), Germany (Alternative for Germany), Finland (the...

  • Bank of Valletta revamps home loan products

    Bank of Valletta revamps home loan products

    Bank of Valletta has launched a revamped suite of solutions for consumers seeking to purchase the home or property of their dreams. The product suite includes home loans tailored specifically for first-time buyers, those seeking to purchase their...

  • Movement classes for people with Parkinson’s being crowdfunded

    Movement classes for people with Parkinson’s being crowdfunded

    Maltese voluntary organisation Step Up for Parkinson’s has recently launched an innovative crowdfunding campaign on local platform Zaar. It hopes to be able to add four more classes to its portfolio of existing activities for people with...

  • Markets hold ground after new Brexit delay

    The pound traded steady yesterday and European stocks held firm after Britain and its EU partners agreed again to extend Brexit. European leaders and British Prime Minister Theresa May opted to delay Brexit for up to six months, saving the...

  • MIA share price records new all-time high

    MIA share price records new all-time high

    The MSE Equity Price Index trended higher for the first time in five days as it rebounded by 0.46% to 4,692.264 points. The gain was mostly due to the rebound in the share price of IHI, coupled also with the increases in three other shares.

  • Russian MPs approve controversial bill restricting internet

    Russian MPs approve controversial bill restricting internet

    Russian lawmakers on Thursday approved a bill that would allow Moscow to cut the country's internet traffic from foreign servers, in a key second reading paving the way for legislation that activists fear is a step towards online...

  • German police make nationwide raids over €50 million tax fraud

    German police make nationwide raids over €50 million tax fraud

    German prosecutors confirmed Thursday they raided 19 separate locations across the country as part of a massive investigation into so-called "cum-ex" tax fraud. Frankfurt's public prosecutors office said 181 investigators and tax officials raided...

  • Stagnant global economy?

    Stagnant global economy?

    A false sense of security might come about when liquidity injections and zero interest rate policies disguise risk. Today, the risk is more evident as not only have we seen large downgrades to consensus growth estimates and central banks'...

  • House prices up by 3.8% in last quarter

    House prices up by 3.8% in last quarter

    The price of housing in Malta went up by 3.8% in the last three months of 2018 when compared with the previous quarter, the third highest rate in the EU. Eurostat reported on Thursday that the average rate across the eurozone was just 0.7%. Only...

  • Malta registers lowest increase in hourly labour costs among EU, euro countries

    Malta registers lowest increase in hourly labour costs among EU, euro countries

    Non-wage costs in total labour costs for the economy was 23.7% in the EU and 25.6% in the euro area in 2018, ranging from 6.1% in Malta to 32.6% in France, Eurostat said. It said that in 2018, average hourly labour costs in the whole economy...

  • Trump signs orders for 'revival' of US energy

    Trump signs orders for 'revival' of US energy

    In the US oil heartland on Wednesday, President Donald Trump announced the signing of two executive orders to accelerate the construction of oil and gas pipelines, dismaying environmentalists. The latest measures are in line with others his...

  • Large caps: a historical perspective

    Large caps: a historical perspective

    The two equity indices calculated by the Malta Stock Exchange (MSE), the MSE Equity Price Index and the MSE Total Return Index, are weighted by the market capitalisation of each of the companies which are listed on the Regulated Main Market...

  • Toly Group builds state-of-the-art manufacturing plant in Malta

    The Toly Group has been operating in Malta since 1971. From humble beginnings, the group today is led from its Maltese headquarters and has exceeded global sales of €100 million In 2014, the group moved into new corporate offices with an...

  • Promoting global campaign to fight against distractions at the wheel

    From May 6-12, the fifth Global Road Safety Week will be held around the world, promoted by the United Nations (UN) and coordinated by the World Health Organisation (WHO). This year, the week will focus on giving everyone a voice so they can come...

  • Shipping movements - April 11, 2019

    The following ships are expected in Malta: The Okee August from Gemlik to Algiers, the Contship Max from Civitavecchia to Misurata, the AS Franziska from Algiers to Piraeus, the CMA CGM Gemini from Genoa to Beirut, the CMA CGM Litani from...

  • European stocks climb before EU summit

    Eurozone stock markets rose yesterday ahead of a key EU summit, with the smart money on Britain winning a Brexit delay which analysts said would be welcomed by equity investors. But there was some nervousness about a possible US-EU trade war after...

  • US urges IMF reforms, rejects funding increase

    US urges IMF reforms, rejects funding increase

    The International Monetary Fund, like governments around the world, has to learn to do more with less and needs to be more effective, US Treasury Secretary Steven Mnuchin said Wednesday. Key among the needed reforms is a focus on conditions for...