Finfacts is Ireland's
leading business information site and you are in its business
We provide access to
live business television and business related videos from:
Bloomberg TV; The Wall Street Journal; CNBC and the
Financial Times. Click image:
||Last Updated: Jan 16th, 2008 - 08:04:36
This page ceased being updated on Jan
16, 2008. Our news system has been upgraded and click
here for access to the current news reports.
German ZEW Indicator of Economic Sentiment fell in January to a to 15-Year low indicating plunge in investor confidence
The German ZEW Indicator of Economic Sentiment decreased in January 2008 once again and now stands at minus 41.6 points after minus 37.2 points in the previous month. This is still well below its historical average of 31.0 points and is the lowest since 1993 - a 15-year low.
Jan 15, 2008, 16:29
UK Annual Consumer Price Inflation held steady in December at 2.1%
UK Annual Consumer Price Inflation (CPI) – the UK Government's target measure – was 2.1 per cent in December, unchanged from November.
Jan 15, 2008, 11:48
Total cost of employment in Ireland at €38,541in 2007 - 16th of 24 EU countries; New EU member states have lowest labour costs
The Deloitte 2007 Remuneration Survey reveals that a wide divergence in remuneration levels still prevails across EU member states. Ireland is now 16th out of the 24 countries in terms of the overall cost of employment with a figure of €38,541, an increase of 4.6% from €36,852.
Jan 15, 2008, 10:13
European Union countries fighting over share-out for cutting greenhouse gas emissions; Environment Commissioner now says some biofuels do more harm than good
European Union countries are fighting for national interest within days of the Commission publishing the country-by-country targets share-out for cutting greenhouse emissions.
Jan 15, 2008, 06:01
UK factory gate/wholesale price annual inflation rose to 5% in December - the highest since 1991
In December, UK factory gate/wholesale price annual inflation for all manufactured products rose to 5.0 per cent - the highest since 1991. Input price annual inflation rose from 10.9 per cent in November to 11.3 per cent in December.
Jan 14, 2008, 13:04
Eurozone industrial production fell 0.5% in November
In November 2007 seasonally adjusted industrial production fell by 0.5% in the Eurozone (EA13) compared with October 2007, and by 0.3% in the EU27. In October production grew by 0.5% in both zones.
Jan 14, 2008, 12:49
Manchester United almost doubled profit in 2007; Premier League clubs’ revenues to increase significantly in 2007/08 to over £1.76bn
Manchester United almost doubled profit as it regained its Premier League soccer title in 2007.
Jan 11, 2008, 09:17
Trichet says ECB is in position of "total alertness" to act in response to price/wage setting linked to the current high Eurozone headline inflation rate
Jean-Claude Trichet, President of the European Central Bank (ECB) told a press conference in Frankfurt this afternoon, following the decision of the Governing Council to keep its benchmark rate on hold at 4%, that risks to price stability remain on the upside and the Governing Council is ready to take pre-emptive action in response to indexation of wage increases to the recent elevated level of Eurozone inflation, which although temporary will take a more protracted time to ease, than previously thought.
Jan 10, 2008, 14:31
European Central Bank keeps its its benchmark interest rate on hold at 4.00%; Trichet to warn of inflation risks at press conference
The Governing Council of the European Central Bank agreed at its meeting in Frankfurt today, to keep its benchmark interest rate on hold at 4.00%.
Jan 10, 2008, 12:45
Bank of England keeps benchmark interest rate unchanged at 5.50%
The Bank of England’s Monetary Policy Committee today voted to keep its key interest rate unchanged at 5.50%.
Jan 10, 2008, 12:01
European Central Bank expected to keep benchmark interest rate on hold at 4%; Bank of England base rate cut likely
The European Central Bank's Governing Council will meet in Frankfurt today to decide on interest rate policy while in London, the Bank of England's Monetary Policy Committee meets against a backdrop of recession fears.
Jan 10, 2008, 05:06
Eurozone Economic Outlook: GDP growth to slow to annual rate of 2.1% in Q2 2008; If negative shocks were to fade economic slowdown may be only transitory
The Association of Three Leading European Economic Institutes - [Germany's leading economic institute, the Ifo Institute at the University of Munich, the French INSEE (Institut National de la Statistique et des Études Économiques) institute, which is also the national statistics office and the Italian ISAE (Istituto di Studi e Analisi Economica) institute] said in its quarterly Eurozone Economic Outlook today that Eurozone real GDP growth recovered in Q3 after the disappointing performance in Q2. However, growth perspectives have deteriorated in response to the less supportive environment: the financial market turmoil has been persisting and inflation increased with the latest surge in oil and food prices.
Jan 9, 2008, 15:29
European Commission analysis looks at the role of India in world agriculture
India is one of the fastest growing economies in the world today and among the world's leading agricultural producers and yet its trade flows are relatively small compared with other main players.
Jan 9, 2008, 14:47
Eurozone GDP revised up to 0.8% in Q3 2007 - up 2.7% in year to September
Eurozone (EA13) and EU27 GDP both grew by 0.8% in the third quarter of 2007, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Union. In the second quarter of 2007, growth rates were +0.3% in the Eurozone and +0.5% in the EU27.
Jan 9, 2008, 13:42
German exports and retail sales fell in November 2007
German exports unexpectedly fell in November as a stronger euroo and higher oil prices hit demand. Retail sales also fell.
Jan 9, 2008, 09:30
UK Consumer Confidence fell in December; Marks & Spencer reports first same-store sales fall in 2 1/2 years on reduced Christmas spending
The UK Nationwide Consumer Confidence Index dropped one point to 85 in December – the lowest level since February 2007. In spite of the quarter point cut in rates in December, ongoing economic uncertainty and the impact of higher food and petrol prices seem to be continuing to affect consumers’ confidence. In another report today, Marks & Spencer said that sales had fallen in December.
Jan 9, 2008, 08:41
Eurozone retail sales volume fell 0.5% in November 2007 - down 1.4% on annual basis but up 0.9% in EU27
In November 2007, the volume of retail trade fell by 0.5% in the Eurozone (EA13) and by 0.2% in the EU27 compared with October 2007. In October retail trade fell by 0.7% and 0.4% respectively.
Jan 8, 2008, 11:14
UK Retail Sales December 2007: A far from Merry Christmas in the High Street
UK retail sales rose only 0.3% on a like-for-like basis, compared with December 2006, when sales were up 2.5%, according to the British retail Consortium.
Jan 8, 2008, 10:33
UK sales of commercial property plunged in Q4 2007 because of credit crunch; Market set for biggest annual losses in more than 25 years
UK sales of commercial property plunged in the fourth quarter of 2007, hit by both falling prices and the credit crunch.
Jan 8, 2008, 04:46
Eurozone Business Climate Indicator and Economic Sentiment Indicator weakened in December 2007
Following a recovery in November, the Business Climate Indicator (BCI) for the Eurozone decreased in December. The indicator is still at a relatively high level, and in combination with the pick-up in industrial production in October, this suggests that economic activity in the industry sector will continue to grow at a solid pace. The Economic Sentiment Indicator (ESI) continued to weaken in both the EU and the Eurozone.
Jan 7, 2008, 12:10