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19 June 2013
Euro in demand as markets hold breath
All the major currencies marked time in Asia today as investors waited anxiously to see if the Federal Reserve could clarify the outlook
19 June 2013
Japan rises, rest of Asia awaits Fed
Japanese stocks rose today, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for
19 June 2013
Investors position for no change at Fed
European stock index futures pointed to a slightly higher open today, with investors positioning for no changes in the U.S. monetary policy
18 June 2013
ISEQ closes ahead as Fed awaited
The ISEQ put in another day of modest gains with Ryanair the top mover as investors remained on edge about the prospects for the US Fed's stimulus policy.
18 June 2013
IBRC won't charge on warehoused loans
IBRC has decided not to charge distressed borrowers interest on the warehoused portion of their home loans in a split mortgage arrangement, according to RTE News.
18 June 2013
Figures show growing rift within the EU
Growing differences between and within EU Member States are revealed in Dublin-based Eurofound's new yearbook, Living and Working in Europe 2012.
18 June 2013
UK watchdog to go after individuals
Britain's top market regulations enforcer said today her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates, and that fines were not punishment enough.
18 June 2013
US inflation figures point to recovery
A gauge of underlying U.S. inflation showed signs of stabilising in May after a long decline, a potential comfort to Federal Reserve policymakers who want firmer prices.
18 June 2013
Performance art looks to crowd funding
"The Waiting Room," a play by Irish business coach Shane Cradock, is one of the latest performance art ventures looking to be financed by crowd funding, Ireland's fastest-growing fundraising platform.
18 June 2013
Ireland's Greenstar sold to Cerberus
Irish waste management group, Greenstar has been sold to US private equity company Cerberus.
18 June 2013
G8: US pledge to crack down on shells
The US pledged today to keep on pressing for legislation to cut down on the criminal use of shell companies but did not take firmer action for now as part of a G8 push to tighten rules on tax evasion and money laundering.
18 June 2013
Irish firm build Chile wind, solar plant
Irish-based Mainstream Renewable Power and emerging market investor Actis today said they will build a 600 megawatts of wind and solar projects in Chile in a project worth USD1.4bn.
18 June 2013
Wall St flat ahead of Fed meeting
U.S. stocks edged up in morning trading today ahead of the start of a highly-anticipated Federal Reserve meeting.
18 June 2013
Launch for Irish music discovery app
Soundwave, a much-hyped music data analytics app conceived and developed in Ireland, will be fully released this Thursday.
18 June 2013
CarTrawler buys Holiday Autos brand
Dublin-based online global car rental platform, CarTrawler, today announced the acquisition of the online assets of Holiday Autos from Travelocity Global for an undisclosed sum.
18 June 2013
Eurozone bank supervision faces delay
The launch of the euro zone single supervision mechanism, the first step towards banking union, might be delayed by three months from July to September 2014 due to scheduling problems.
18 June 2013
West Africa pirates threaten world trade
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region.
18 June 2013
ISEQ flat again in morning trading
The ISEQ put in another morning of flat trading despite some gains for Ryanair as investors remained on edge about the prospects for the US Fed's stimulus policy.
18 June 2013
Draghi: ECB rates becoming effective
The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilisation mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said today.
18 June 2013
Royalty drops hostile bid for Elan
Royalty Pharma's hostile $8 billion bid for Irish drug firm Elan lapsed today when it withdrew an appeal against a ruling by Ireland's regulator on takeover battles.
18 June 2013
High-fly investors lured to plane lease
The only way to make a small fortune in the airline industry is to start with a big fortune, so the joke goes.
18 June 2013
Ex-UBS trader charged with Libor fraud
Britain's top fraud prosecutor said today it had charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud in connection with an investigation into benchmark interest rate manipulation.
18 June 2013
NTMA to sell E500m in 3-month T-Bills
The National Treasury Management Agency (NTMA) plans to hold an auction of E500m worth of three-month T-Bills this Thursday.
18 June 2013
UK inflation in surprise rebound
British inflation rebounded more than expected in May, data showed today, primarily because of rising air fares and in contrast to April's seven-month low.
18 June 2013
First Derivatives revenue jump 22.5pc
Financial services software developer, First Derivatives, this morning posted full year revenues that rose by 22.5pc to £56.5m compared to £46.1m the year before as it grew its product base and won more customers.
18 June 2013
Ryanair shareholders clear aircraft buy
Ryanair's shareholders have approved the purchase of 175 Boeing 737-800 Aircraft over a five year period.
18 June 2013
Over E240m pension pot unclaimed
There could be at least E240m left unclaimed from pension pots because of increased job-changing and the wind up of Defined Benefit (DB) schemes, according to experts.
18 June 2013
Rich learn no lesson from Irish crash
Despite arguably the biggest property price crash in the history of any Western nation, Irish high net worth individuals - AKA, the rich - are likely to hold the majority (55pc) of their wealth in bricks and mortar.
18 June 2013
Offshore oil moves to remote control
Oil and gas companies are moving their control of some offshore platforms to offices on land to cut costs and improve efficiency, but labour unions
18 June 2013
ISEQ steady-INM approves sale of assets
The ISEQ is little changed this morning at 3,921 as European markets seem to be unsure of a direction with Fed uncertainty prevailing
18 June 2013
FTSE goes in other direction on results
Britain's benchmark equity index edged higher today, helped by gains at hotels and food group Whitbread and heavyweight bank HSBC.
18 June 2013
Dollar trades in tight range on Fed
Global markets mostly stuck to tight ranges today, with uncertainty about the future of the U.S. monetary stimulus programme
18 June 2013
European markets open lower on banks
European shares edged lower early today, led by Denmark's Danske Bank on capital concerns while more broadly investors remained cautious ahead of
18 June 2013
ECB ready to act for European economy
The European Central Bank is "ready to act" if need be to aid the euro zone economy and recent signs of market stabilisation mean that its interest
18 June 2013
Roundup-Aer Lingus spends 40m on fight
Aer Lingus has spent E40 million fighting off Ryanair takeover bids to date and does not want to face another in August, the Commercial Court
18 June 2013
Asian markets ease back on Fed nerves
Asian shares eased today as investors waited for Federal Reserve Chairman Ben Bernanke to clarify the U.S. central bank's plans for its stimulus
18 June 2013
Futures point European markets lower
European stock index futures pointed to a lower start today, as nervous investors fretted about a trimming of U.S. monetary stimulus in the run up
18 June 2013
G8 security breached in Enniskillen
Several dozen activists briefly breached a metal security barrier surrounding the G8 summit venue in Northern Ireland on Monday,
18 June 2013
IMF says Ireland has been steadfast
The International Monetary Fund said Ireland was on track with the conditions of its bailout program, and disbursed the European country's next
17 June 2013
ISEQ flat as word from Fed awaited
The ISEQ closed flat today after Friday's gains with investors now looking for a lead from global markets ahead of expected statements from the US Fed.
17 June 2013
Irish tycoon builds a movie career
Irish property tycoon Garrett Kelleher is keeping one foot firmly planted in real estate development while the other gains a footing in the film industry.
17 June 2013
EU to ban all phone roaming rates
There is some good news for holiday-makers this dreary Monday with the announcement that the European Commission is planning to abolish roaming charges in the EU by next summer.
17 June 2013
No, 132 has nothing to do with 13-fear
Triskaidekaphobia, as every pub quiz lover will tell you, is the fear of the number 13 - and it has nothing to do with the reasoning behind the new 132 car regs due out next month.
17 June 2013
Indo shareholders clear S Africa sale
A meeting of Independent News and Media (INM) shareholders has backed the E162 million sale of the group's South African business.
17 June 2013
Bruton briefs Brussels on historic deal
The Minister for Jobs, Enterprise and Innovation, Richard Bruton, is today in Brussels to brief the EU Parliament on Friday's historic agreement at the EU Trade Council on a mandate to start talks with the US on a new trade deal.
17 June 2013
Paddy Power win landmark London case
Paddy Power has won its appeal over an east London council's refusal to allow it to open a betting shop in the area.
17 June 2013
Wall St rises on hopes of Fed action
U.S. stocks rose 1 percent early today, with traders focused on expectations the Federal Reserve will reinforce this week its commitment to supporting the economic recovery.
17 June 2013
EU cloud firms get boost from US spies
European firms believe the U.S. National Security Agency's (NSA) PRISM scandal will hand them a competitive advantage as they play catch-up with the dominant American players in "cloud computing."
17 June 2013
Netflix snags Dreamworks series deal
Video streaming service Netflix is beefing up its original programming menu through a multi-year deal with DreamWorks Animation SKG Inc, the maker of Shrek, Madagascar and Kung Fu Panda.
17 June 2013
J and J to buy Aragon for USD1bn
Johnson and Johnson said today it would buy Aragon Pharma, a private company running a mid-stage clinical trial for a prostate cancer drug, for $650 million in cash upfront and a possible second payment of $350 million if it meets certain milestones.
17 June 2013
ISEQ gains more ground this morning
The ISEQ added to Friday's gains this morning with investors now looking for a lead from global markets ahead of expected statements from the US Fed.
17 June 2013
Elan buy-back vote blow for Royalty
Elan shareholders approved a share buyback today, meaning U.S.-based Royalty Pharma's hostile bid for the Irish drug firm will lapse unless it succeeds in a legal challenge.
17 June 2013
Pensions Board crack down on poor admin
The Pensions Board today said it is concerned about the governance of Ireland's E70 billion pensions sector.
17 June 2013
A-list actors at Gate Theatre forum
Dublin's Gate Theatre played host to the World Actors Forum over the weekend, attracting some of the top names in the theatre and film business.
17 June 2013
Two Irish firms in EU Med device project
Two Irish companies have been selected to take up leading roles in the E3 million EU FP7 FaBiMed project.
17 June 2013
Irish paternity leave lags rest of EU
Irish legislation lacks sufficient provisions for paid paternity leave and we are way behind the rest of Europe when it comes to giving dads time off, according to the executive search firm Accreate.
17 June 2013
Oil above USD106 on Mid East politics
Brent crude oil steadied above $106 per barrel today as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
17 June 2013
New German data offers hope for eurozone
German wages rose at their fastest pace in almost four years at the start of 2013 and euro zone exports jumped in April, giving the bloc a basis for a recovery from its long recession.
17 June 2013
Investors don't trust company reports
Investors in Ireland and the UK are less trustful of corporate reports since the global financial crisis, according to new research from ACCA (Association of Chartered Certified Accountants).
17 June 2013
Good news for jobs as confidence soars
There was a significant jump in confidence among firms in the domestic sector in the second quarter of this year, boding well for a rise in job numbers in the rest of the year, the latest IBEC Business Sentiment Survey reveals.
17 June 2013
FTSE rises on consumer upswing
Britain's top share index rose today, as demand for safe-haven consumer staples helped to lift the FTSE 100 off of six week lows ahead of a U.S
17 June 2013
ISEQ rises- Tullow Oil examined
The ISEQ is higher this morning at 3,930 up 15 points as markets come back slowly ahead of today's G8 summit in Enniskillen.
17 June 2013
European markets gain on Telecoms
European equities extended gains today, led higher by telecom shares after the sector was buoyed by fresh mergers and acquisition talk.
17 June 2013
G8 gets under way in Fermanagh
U.S. President Barack Obama will seek the help today of Russia's Vladimir Putin, Syria's most powerful ally, to bring Bashar al-Assad to the
17 June 2013
Roundup-Corp. tax no problem for Ireland
The fall-out for Ireland of controversy about the amount of tax paid by Apple and other US multinationals will be muted
17 June 2013
Zerox to create 90 new positions
Printing specialist IBS, owned by Xerox, is to expand its operations with the creation of 90 skilled jobs. The company already employs close to
17 June 2013
Britain's Co-op Bank to raise £1.5 b
The Co-operative Group said today that it had agreed a plan with Britain's financial regulator to plug a capital shortfall of 1.5 billion pounds
17 June 2013
Tell us the truth Mr Bernanke but gently
Like a father who has told his son the tooth fairy does not exist, Ben Bernanke must find a way to soothe investors who feel betrayed since he
17 June 2013
Wide bodied jets take centre stage
Leading planemakers are battling over strategy for big jets as the Paris Airshow gets underway today.
17 June 2013
Thailand's "Isaan" is new boom town
Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many
17 June 2013
ASian markets reverse losses then sit
Asian shares struggled to extend gains after reversing early losses today as investors hunkered down before the U.S. Federal Reserve meeting's outcome
17 June 2013
European futures point markets higher
European stock index futures pointed to a higher open today, with shares set to extend Friday's tentative rebound, although gains were seen
14 June 2013
ISEQ gets a lift from Elan share surge
The ISEQ broke a three-day losing streak today with Elan taking up much of the running after it said it is putting itself up for sale.
14 June 2013
EU probes telcos on Android deals
EU antitrust regulators are asking mobile telecoms operators and handset makers if their Android deals with Google block rivals in mobile telephony, a move that could lead to a second investigation into the company.
14 June 2013
G8 won't name and shame tax avoiders
The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement.
14 June 2013
IMF call for end to ill-designed US cuts
The International Monetary Fund today urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year.
14 June 2013
Royalty: Elan sale an effort to deflect
Royalty Pharma believes that the only reason Elan has announced a sales process is to deflect Royalty's own offer, the company's CEO said in a statement today.
14 June 2013
Wall St flat, wary of policy path
Wall Street was little changed today as investors were kept on their heels by uncertainty over how soon central banks will rein in the stimulus programs that have fuelled an equity market rally this year.
14 June 2013
May upsurge in new companies formed
This May was a good month for start-ups with approximately 129 companies and businesses being registered daily while insolvencies fell 30pc, latest figures from Vision-net.ie showed today.
14 June 2013
Elan now looks to sell the business
Irish drugs developer Elan today said it will now explore a possible sale of the company after fending off several takeover bids this year from Royalty Pharma.
14 June 2013
CPL Fuels to create 142 Limerick jobs
CPL Fuels is to invest E20m in a new smokeless fuels processing plant in Limerick serving the Irish market and, bringing 142 new jobs to the region.
14 June 2013
British Gov commit to more austerity
British ministries have agreed to spending cuts of 3.6 billion pounds, the government said today, leaving it less than two weeks to wring over two-thirds of its 11.5 billion target from 10 remaining departments.
14 June 2013
Tullow wins Heritage case in London
Aidan Heavey-led Irish oil prospector, has won its legal battle with Britain's Heritage Oil over a USD313m (£209.5 million) tax bill in a case taken to the High Court in London.
14 June 2013
US industry output flat in May
U.S. industrial production was unchanged in May, the Federal Reserve said today, compared with forecasts for a light increase after gains in manufacturing and mining were offset by a sharp drop in the output of utilities.
14 June 2013
Irish exports helped by UK demand rise
A rise in demand from our top two export partners, the UK and the US, gave Ireland a small but much-needed boost in the first quarter of this year.
14 June 2013
ISEQ breaks losing streak, awaits leads
The ISEQ broke a three-day losing streak today but trading remained subdued ahead of some key US economic data due later.
14 June 2013
ECB funding to Irish banks falls in May
The reliance of Irish banks on emergency funding from the European Central Bank (ECB) fell by 11pc in May from a month earlier, latest figures show.
14 June 2013
Fitch praise Irish repossessions change
The Government's proposed revised repossession law could help bank arrears to level off in 2014 by returning to the banks their recovery powers to resolve some long-term mortgage arrears, Fitch Ratings say.
14 June 2013
Hollywood deal breaker in EU US talks
EU states sought to reassure France today that its culture would be shielded from the might of Hollywood and Silicon Valley, urging Paris not to block a free-trade deal with the United States that could boost transatlantic business.
14 June 2013
Euro inflation dips, jobless at record
Prices of electricity, fruit and vegetables lifted the euro zone inflation off its three-year low in May, while the single currency bloc's record high jobless rate showed in its deepening inability to create jobs in the first quarter.
14 June 2013
London enters interest rate swap market
The London Stock Exchange is to launch an interest rate swaps trading platform.
14 June 2013
Imports rise shrinks April trade surplus
Ireland trade surplus with the rest of the world contracted during April as rising imports outpaced exports, latest CSO figures show.
14 June 2013
Irish investor mood highest since 2010
Investor confidence in Ireland is now at its highest level since April 2010 as sentiment towards equities and the prospects for a global recovery rise, according to the latest RaboDirect Investor Barometer.
14 June 2013
Dads: The unsung heroes of the home
Dads claim to spend an average of 55 hours a week doing household tasks - nearly twice as much as their wives or partners think, according to new research from Irish Life.
14 June 2013
Dublin cloud firm wins big Canada deal
Dublin company Decisions [D4H] has secured a lucrative five-year contract with the Government of Alberta, Canada for their software that improves vital emergency services response efforts.
14 June 2013
Royalty: Elan shareholders to reject bid
U.S. investment firm Royalty Pharma said today it expects the majority of takeover target Elan's shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday.
14 June 2013
CRO: Many SMEs fall through credit gap
While banks are improving their credit availability for smaller business, those firms seeking finance of between E25k and E750k are falling through a gap that the Government needs to bridge.
14 June 2013
Permo seeks market share from fee rises
permanent tsb bank is seeking to hoover up market share from competitors after reporting "exceptional" levels of switcher enquiries as banks stedily re-introduce fees on transactions.
14 June 2013
FTSE bounces back on US economy
Britain's blue chip shares rose early today as miners led a technical rise after upbeat U.S. economic data helped cool fears that the economy would
14 June 2013
New Airbus A350 takes to the skies
Europe's newest passenger jet, the Airbus A350, successfully began its maiden flight today.
14 June 2013
ISEQ recovers-Bank stress tests coming
The ISEQ is ahead this morning at 3,907, a rise of 34 points overnight as European markets rebound following yesterday's positive US economic data.
14 June 2013
Huge gamble on Pension Reserve Fund
The Government's raiding of the Pension Reserve is a major change in direction for the country and a move away from continued austerity.
14 June 2013
European stocks rebound on US data
European shares advanced today, snapping a four-day losing streak, as robust U.S. economic data outweighed persistent uncertainty over the
14 June 2013
Roundup-We must tackle financial crime..
The outgoing Financial Regulator reiterated a plea for a review of the system for tackling financial crimes. He added that there should be a public
14 June 2013
CPL to create 142 jobs in Limerick
CPL is to create 142 new jobs in Limerick by 2015 as part of a E20 million investment in the county. The company, which is one of the
14 June 2013
Britain's tax havens are world leaders
Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain's own tax havens are world
14 June 2013
Don't get divorced, you'll be more broke
News Corp Chief Executive Rupert Murdoch on Thursday filed for divorce from his third wife, Wendi Deng. Though they had a pre-nuptial
14 June 2013
Asian markets rebound from hammering
Asian shares rebounded from multi-month lows today, as upbeat economic data boosted U.S. equities and calmed nerves after a bruising selloff in
14 June 2013
Futures point to European market bounce
European stock index futures pointed to a higher open today, after solid U.S. data calmed fears over whether the world's biggest economy could
14 June 2013
Fracking boom in US but few jobs
This city has been down for so long, it's hard to believe what's risen up here in the heart of America's "Rust Belt."
13 June 2013
Royalty granted injunction over Elan
Royalty Pharma was granted an injunction by the Irish High Court today that means its bid for Elan may not be doomed if some votes go against it at a meeting of the Irish drug company's shareholders next week.
13 June 2013
ISEQ manages to inch out of the red
The ISEQ managed to inch out of negative territory this afternoon after losses in morning trading as after upbeat U.S. retail sales and a drop in jobless claims prompted bargain hunters to pick up potential bargains.
13 June 2013
Elderfield addresses PAC on Anglo
Central Bank deputy governor Matthew Elderfield today said that it would have known Anglo Irish was insolvent on the night of the bank guarantee if the supervisory regime now in place were present then.
13 June 2013
Ireland's most powerful women recognised
The winners of Ireland's Most Powerful Women: Top 25 Awards were announced today by the Women's Executive Network (WXN) and HSBC Bank Ireland.
13 June 2013
Wall St opens flat after yesterday's dip
U.S. stocks opened little changed today as encouraging economic data offset concerns that central bank stimulus measures may be wound down earlier than expected.
13 June 2013
Govt seeks agreement on EU/US talks
The Government plans to seize the opportunity to boost EU jobs and growth by agreeing at tomorrow's EU Trade Council to allow the start of EU-US trade talks.
13 June 2013
IDA targets US with online ad blitz
IDA Ireland has officially launched its new advertising campaign, aimed primarily at the US market.
13 June 2013
US retail sales beat expectations in May
U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch.
13 June 2013
E6.4bn fund open for job investment
The Government today provided for the establishment of the Ireland Strategic Investment Fund (ISIF) where the NTMA's E6.4 billion discretionary fund portfolio can be used for commercial investment.
13 June 2013
Tobacco takes not of e-ciggie success
Puffing on slim metal tubes loaded with pale yellow liquid, two London businessmen say they have between their lips a cure for what the U.N. calls "one of the biggest public health threats the world has ever faced".
13 June 2013
ISEQ Falls in line with world markets
The ISEQ slipped further below the 3,900 level this morning as world markets worried over the impact and possible scaling back of central bank support for the economy.
13 June 2013
Lending to SME falls by nearly 6pc
Lending to SMEs fell by E417 million during the first quarter of this year compared to Q4 of last year and was down by 5.8pc or E1.6 billion compared to the same period last year, latest Central Bank figures showed today.
13 June 2013
Construction activity up 4.4pc in Q1
The volume of output in building and construction was 4.4pc higher in the first quarter of 2013 when compared with the preceding period, latest CSO figures show today.
13 June 2013
Global markets slide, shares pummelled
World stocks were pummelled and the dollar slumped today as a sell-off on global financial markets in thrall to central bank stimulus accelerated.
13 June 2013
Annual inflation slips to 0.4pc in May
Annual inflation, as measured by the Consumer Price Index (CPI) fell marginally to 0.4pc in May compared to 0.5pc the month before and 1.2pc at the start of the year, latest CSO figures show.
13 June 2013
No cranes on Dublin skyline in 13 either
This year looks set to be the third one in a row in which no new office blocks will be built in Dublin, according to a report from Jones Lang LaSalle entitled "When will we see a crane?"
13 June 2013
Zamano hails strong trading in 13 so far
Irish mobile commerce IT group, Zamano, this morning said it put in a strong performance in the first five months of this year, especially in the UK.
13 June 2013
British MPs want Google tax enquiry
British MPs described Google's tax affairs as "contrived" and called on the UK tax authority to vigorously investigate whether the company was acting within the law.
13 June 2013
EMC to create 200 new jobs in Cork
Tech group, EMC today announced the creation of 200 highly skilled jobs and the opening of a new EMC office as part of a fresh E100 million investment in Ireland.
13 June 2013
Belfast invests Stg7m for cruise liners
Belfast Harbour is investing £7m to create Ireland's first purpose built cruise facility.
13 June 2013
Ryanair cancel 600 flights over strike
Ryanair confirmed it was forced to cancel a further 400 flights yesterday on top of over 200 flights on Tuesday because of on-going strikes by French air traffic controllers.
13 June 2013
KBC Ireland bring back 90pc LTV loans
KBC Bank Ireland today said that it is increasing its home loan offering from an 80pc maximum loan to value (LTV) to a 90pc loan to value as mortgage demand picks up.
13 June 2013
DCC to join London's FTSE this month
Business services group, DCC, today said that it has received confirmation that it will quit the Irish Stock Exchange listing and join the FTSE250 series in a London listing.
13 June 2013
FTSE falls on intervention durability
Britain's top shares fell for the fourth day running today, driven lower by persistent concerns about the durability of
13 June 2013
World Bank sees sustained recovery
The global economy may be entering an era of slower but more sustainable growth as the effects of the recent crisis fade, the World Bank said
13 June 2013
Japan raises growth forecast again
Japan's government raised its assessment on the economy for a second straight month in June as pick-up in exports and industrial output
13 June 2013
European shares sell off on Fed stimulus
European shares sold off again today with banks and commodity stocks, sectors most exposed to the broader economic fortunes, the top fallers on
13 June 2013
Roundup-Google tax treatment "brazen"
Google's claims that its Irish operation is responsible for hundreds of millions of pounds in advertising sales in the United Kingdom are brazen
13 June 2013
EMC to announce 200 jobs for Cork
Global IT company EMC is expected to announce later today that it is to create 200 jobs in Cork.
13 June 2013
Irish farmers fear Canada trade deal
Salvaging a free-trade deal between Canada and the European Union after four years of talks will require skillful pasture politicking to pacify
13 June 2013
Nikkei tumbles in record correction
The Nikkei average tumbled 6.4 percent today, hitting its lowest close since April 3 - the day before the Bank of Japan unveiled sweeping stimulus to
13 June 2013
iphones with colours and bigger screens
Apple Inc is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year,
13 June 2013
Futures point European markets lower
European stock futures pointed to a sharply lower open today, tracking steep losses on Wall Street and in Asia, on growing concerns the U.S
13 June 2013
US Dollar falls against Yen on Fed
The dollar fell to its lowest level against the yen in ten weeks as investors cautiously pared bullish bets on the greenback amid uncertainty
12 June 2013
ISEQ rebound in reverse in late trade
The ISEQ went in to reverse in the afternoon after some modest gains this morning as concerns over Greek politics piled on top of worries over central bank stimulus policies.
12 June 2013
UK watchdog probes forex fiddle
Britain's financial watchdog is looking into a report that traders manipulated benchmark foreign exchange rates that are widely used by companies and funds.
12 June 2013
Spain seeks overturn of bailout limits
Spain will press its European peers next month to remove limits imposed on the fund set up to bail out struggling euro zone states, its foreign minister said today.
12 June 2013
Aussies in a tizzy over Irish made bread
Popular Australian grocery chain, Coles, is being sued over allegations that its bread, which it labels as freshly baked in-store, is actually made in Ireland.
12 June 2013
European shares slip on Wall St lead
European shares turned negative in late trade today, in light trade, tracking a retreat from the opening highs on Wall Street.
12 June 2013
ECB rebuffs Bundesbank power bid
The ECB defended itself in a German court today against suggestions that its role should be more limited, clashing with Germany's Bundesbank over its main tool in calming the euro crisis.
12 June 2013
ISPs block sites accessing Pirate Bay
In accordance with a High Court ruling today, internet service providers in the United Kingdom are now blocking proxy sites that grant users access to music streaming site, The Pirate Bay.
12 June 2013
C Bank to press on with debt writedowns
The Central Bank is to press ahead with a controversial pilot scheme to write off unsecured debt of distressed borrowers.
12 June 2013
Wall St rises after yesterday's sell off
U.S. stocks opened higher today in a rebound from the previous session's steep decline even as questions lingered over when central banks would start to scale back stimulus measures.
12 June 2013
Ireland lags EU in superfast broadband
Ireland does a good job in providing basic broadband to over 97pc of the population including 94pc in rural areas, but has a much bigger challenge with the superfast target.
12 June 2013
2 Irish documentaries for UK screens
Two Irish documentaries "Here Was Cuba" and "The Summit" will screen this week at the prestigious Sheffield Doc Fest, the United Kingdom's leading documentary festival and market, which takes place from June 12 to 16.
12 June 2013
AmCham defends role of US firms here
The recent debate surrounding the operations of big US multinationals in Ireland fails to recognise the vital role overseas affiliates play in the overall success of their parent companies and, by default, the health of the US economy.
12 June 2013
Little fanfare as Croatia joins the EU
At 700,000 euros, Croatia's budget to celebrate arguably the biggest moment in its 22 years as an independent state might seem a little modest.
12 June 2013
BoI pay off outstanding own use bonds
Bank of Ireland has paid off an E2 billion bond issue as it continues to improve its capital base.
12 June 2013
ISEQ stages modest bounce back
The ISEQ made some modest gains this morning after yesterday's sharp fall caused by fears that global central banks are pulling back from stimulus measures.
12 June 2013
BoE's Fisher urge end to RBS uncertainty
Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland, a senior Bank of England official said today.
12 June 2013
Noonan to World: We won't change our tax
Ireland will not reform its tax system unilaterally to allay international concerns that it allows multinational companies to avoid taxes, finance minister Michael Noonan said today.
12 June 2013
Surprise rise in euro industry output
Industrial output from eurozone factories defied market expectations of a month-on-month decline and rose in April, data showed today, but the pace of expansion was slowed by a drop in production of energy and durable consumer goods.
12 June 2013
New Clare SuperValu creates 50 jobs
SuperValu's new store in Miltown Malbay, Co. Clare was officially opened today by RTE TV and GAA Sports Presenter Marty Morrissey.
12 June 2013
Irish Dairy Board gets a new Chairman
Following the resignation of Vincent Buckley, the Irish Dairy Board Co-operative Society (IDB) today announced the appointment of Aaron Forde as the new IDB Chairman.
12 June 2013
Vodafone make a bid for Germany's Kabel
Vodafone has made an informal takeover bid within the past week for Germany's biggest cable company, Kabel Deutschland Holding AG, Bloomberg reported, citing people with knowledge of the matter.
12 June 2013
Beam complete Kilkenny Distillery refurb
Beam, the owners of the Kilbeggan Distillery Experience visitors centre at the 256 year old distillery in Co Westmeath, have completed an E85k infrastructure investment programme.
12 June 2013
Irish, Canadian firms ally in gas deal
Ireland's PM Group and Canadian company, Gas Liquids Engineering (GLE) have signed a deal to help open new markets and develop new business in the gas processing industry in Europe and around the world.
12 June 2013
Sainsbury's sales outshine Tesco leader
Sales at Britain's No. 3 grocer J Sainsbury outperformed market leader Tesco in the first quarter, stellar growth online and in convenience stores more than offsetting sales falls in traditional supermarkets.
12 June 2013
Euro making gains on the dollar today
The euro touched a more than three-month high versus the dollar today after doubts emerged over how soon the Federal Reserve would limit its ultra-loose monetary policy, which weighed on the dollar.
12 June 2013
Huge demand for Primark in ASOS deal
British online fashion retailer ASOS reported "phenomenal" demand for products from Dublin-based Primark in the first week of its trial with the discount clothes chain, as it posted another huge surge in sales in its third quarter.
12 June 2013
Marked fall in number of regular savers
Last month saw a marked fall in the number of regular savers, especially among younger people, the latest Nationwide UK (Ireland) / ESRI Savings Index shows.
12 June 2013
Two Dublin hotels for sale for E40m
The Clarion Hotel IFSC and the Clarion Hotel Dublin Airport have both been put up for sale by the Receiver Kieran Wallace of KPMG with a price tag of E40m.
12 June 2013
Gov: There's money in Irish oil prospect
Over 70 companies and 100 participants at an event in Dublin were told today that Ireland's offshore oil and gas prospects presents major opportunities for suppliers.
12 June 2013
FTSE lower on Fed retrenchment
Britain's top share index fell today on growing concerns the U.S Federal Reserve might start trimming its money printing programme, with Severn Trent
12 June 2013
Oil glut coming, refineries pump it out
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force
12 June 2013
ISEQ steady in early trading
The ISEQ is a little higher today at 3,939 up 18 points as European markets hold steady following several days of negative trading.
12 June 2013
Elan's board called into question
A former board member of Elan has questioned the experience and competence of the company's management and claims its proposed transactions
12 June 2013
European shares steady in early trades
European shares steadied today after two straight sessions of losses, although traders saw little room for gains in the near-term due to mounting
12 June 2013
Roundup-IBRC to sell properties
Nearly E8 billion worth of loans held by the Irish Bank Resolution Corporation on properties in the United Kingdom and Germany are to be
12 June 2013
Citrix has 50 new jobs for Dublin
Cloud computing firm Citrix has said it will increase its Dublin workforce by up to 50 employees.
12 June 2013
Myanmar oil not working for the Nation
In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by
12 June 2013
ECB could cut rates further
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank
12 June 2013
Futures point European markets lower
European stock index futures pointed to a lower open today, as worries that the U.S. Federal Reserve could soon start to scale back its stimulus
12 June 2013
Oil futures dip on US inventories
Brent futures dropped toward $102 today after an unexpected jump in oil inventories in the world's largest consumer, the United States, while
11 June 2013
ISEQ falls on global economy fears
The ISEQ fell sharply today with investors taking their cue from the rest of Europe as mounting concerns over a scaling back of central bank economic stimulus measures hit stock markets.
11 June 2013
Phillips 66 to sell Cork refinery
US oil giant, Phillips 66, today confirmed it is selling its assets in Ireland, including the country's only refinery, the 71,000 barrels per day Whitegate facility in Cork.
11 June 2013
Tax default list includes one for E1.6m
The latest Defaulters List from the Revenue Commissioners reveals one payment of unpaid taxes plus penalties of E1.6m from the owner of a small shop in Dublin's Parnell Street.
11 June 2013
100 jobs safe receivers sell Xtra-vision
The Receivers of film retail and rental brand, Xtra-vision, have today completed the sale of the business and its assets to a number of companies backed by Hilco Capital Ireland for an undisclosed sum, saving around 100 jobs.
11 June 2013
Horsey folk of the world for Punchestown
A unique equine event taking place in Punchestown in November 2013 was officially launched today by Minister for Agriculture, Food and the Marine, Simon Coveney.
11 June 2013
Bosses downbeat about jobs growth in Q3
Irish employers are broadly pessimistic about hiring prospects for the third quarter of this year with just 4pc expecting to grow staffing.
11 June 2013
EU to tidy up baby foods label laws
The European Parliament has endorsed the European Union's plans to introduce clearer rules on the labelling of baby milks and foods for special medical purposes today.
11 June 2013
Armagh's Almac to create 229 new jobs
Craigavon, Co Armagh-based drugs developer, Almac, is to create 229 jobs as part of a £13.7m investment in two core areas of its business.