Platinum producer Lonmin is planning to close or mothball several mine shafts in a bid to survive plunging prices, putting 6,000 South African jobs at risk and sending its shares to a historic low. The platinum sector has been under huge stress, with...
Global themes
GO plc’s share price slipped 10% during today’s session of the Malta Stock Exchange to close at the €3.15 level across 23 deals totalling 41,861 shares. This followed yesterday’s announcement that the company’s majority shareholder, Emirates...
Turk Telekom is a large Turkish telecom conglomerate controlling a number of companies with distinct specializations (broadband, mobile services, TV etc); the parent company on the other hand is the incumbent fixed line operator. Turk Telekom has been...
Last week’s contribution focused on the so-called five presidents’ report, which is actually entitled Completing Europe’s Economic and Monetary Union. It is referred to as the five presidents’ report as it was penned by Jean Claude Juncker, the...
Japanese media group Nikkei agreed yesterday to buy the Financial Times from Pearson in an £837 million deal that brings together two leading financial news operations from Europe and Asia. The deal marks the biggest acquisition by a Japanese media...
HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million-$750 million in the next few days, two people familiar with the matter said. HSBC, the 12th-largest bank in Turkey, is selling the money-losing business...
Eric Martin, a freelance property agent, also drives trucks and sometimes moonlights as a football referee. After more than 10 years of odd jobs, he has still not landed the one thing he really wants – a permanent contract, in any position. The...
Disappointing results and other news from corporate bellwethers knocked down US and European equity prices yesterday, while strong American labor market data helped the dollar narrow losses. Oil prices declined, with US crude dropping below $49 per...
Friends competition by Atlas
The MSE Share Index drifted 0.1% lower back to 4,154.496 points largely due to the 2.2% drop in the share price of GO plc back to the €3.50 level across fifteen deals totalling 26,807 shares. This morning, GO announced that its major shareholder,...
Investing is sometimes about being in the right place at the right time. This is especially true for those equity investors that are not strictly in for the very long term, enjoy following their investments and partake in the occasional trade. In the...
The most popular ratios used by many investors and market participants are the price to earnings multiple and the dividend yield. These were tackled in detail in two of my recent articles including the annual dividend league table which is updated and...
New rules making it easier for Britons to switch banks resulted in a four per cent increase in customers moving accounts in the year to the end of June, the body overseeing the system said yesterday. Data from Bacs showed that there were 1.1 million...
Apple Inc. shares slumped nearly seven per cent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales. The shares dropped to $121 after the company released its results on...
Global equity markets fell yesterday, pulled lower by a weak revenue forecast at Apple Inc, the world’s largest company, while a rebounding dollar after its biggest decline in a month weighed on gold and some stocks. Apple’s shares tumbled seven per...
The following ships are expected in Malta: The the Corona J from Bejaia to Skikda, the Stjerneborg from Tripoli to Tripoli, the Sena Kalkavan from Varna to Izmit (all CMA CGM Malta Agency Ltd), MSC Capella from Port Said to Valencia (John Ripard & Son...
When we talk about how the markets are doing throughout the trading session, we normally refer to the DAX, the FTSE or the S&P 500. However, this does not mean that they are the only market indices out there. An index worth looking into is the IBEX...
Cuts to be of up to 40% by 2020
Vodafone said the bosses of its four biggest European markets would report directly to chief Vittorio Colao to speed up decision-making in fast-changing markets, after it decided to scrap its European regional management structure. Vodafone said in a...
EU legislation allows applicants to register the shape of products and their packaging. This can be done through the registration of a design right on the shape of the product. Alternatively, an unconventional sign on the dimensional form of a product...
Japan’s Toshiba Corp. said its chief executive was stepping down yesterday after an independent investigation found he had been aware the company had been inflating its profits over a number of years. CEO and President Hisao Tanaka will be replaced by...
Crude oil edged higher and gold prices rose yesterday on the back of a softer US dollar, while earnings hurt Wall Street and helped drag a gauge of major global stock markets lower. Spot gold prices halted a plunge of nearly six per cent in the past...
Officials from the world’s largest emerging nations launched the New Development Bank (NDB) yesterday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World...
In India, where gold is the investment medium of choice, low-cost stockbrokers reckon they can increase the paltry percentage of households investing in shares with apps that make it as easy to buy stocks on a smartphone as it is to buy gold on a high...
The MSE Share Index ended this morning’s session practically unchanged at 4,156.876 points as trading activity dwindled to a six-week low with only €0.18 million worth of shares changing hands. Two equities trended in positive territory including the...
Over late-June and early-July, European high yield underwent a rapid spread widening, undoing the gains experienced over the first trimester. With the Greece crisis seemingly resolved (or kicked down the road), much of the weakness should be reversed...
A few investors are racing to establish funds for Iran following last week’s nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. The agreement has made some seek a foothold in...
ECB decisions
Lockheed Martin Corp. said yesterday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp., for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services...
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