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Last Updated:
Mar 20, 2010 - 4:28:18 AM |
News
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International
Markets News Friday: Media report in China says Google may announce pullout next week; Seán FitzPatrick kept in Garda custody overnight
Markets news on stocks, currencies and commodities; Google may pull out of China in April the China Business News newspaper reported today. The Shanghai-based newspaper reported that a Google China employee said the search engine giant may announce its decision on Monday next.
Mar 19, 2010 - 9:03:50 AM
News
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International
Obama signs jobs support bill; US labour market will recover at a “lackluster” pace
President Obama on Thursday signed a $17.6 billion jobs support bill in a Rose Garden ceremony but it will have little impact on America's 9.7% unemployment rate. Also in Washington DC on Thursday, a conference was told that the US labour market will recover at a “lackluster” pace, with the prospect that firms will turn to part-time workers before hiring full-timers.
Mar 19, 2010 - 7:53:03 AM
News
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International
South China's industrial heartland of Guangdong to raise minimum wage by average of 21% to range of $96 to $150 a month
The minimum wage in South China's industrial heartland Guangdong Province, is to be raised by 21% on average to a range from RMB 660 youn/renminbi to 1,030 ($96 to $ 150) a month from May 1st in a bid to attract migrant workers, local authorities said Thursday.
Mar 19, 2010 - 5:06:31 AM
News
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International
Worldwide fish production at 160 million tons - - eight times as much as in 1950
Never before has so much fish landed on people's plates than in recent years. In 2007 worldwide fish production stood at 160 million tons - - eight times as much as in 1950.
Mar 19, 2010 - 2:43:26 AM
News
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International
Friday Newspaper Review - Irish Business News and International Stories - - March 19, 2010
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Mar 19, 2010 - 6:20:14 AM
News
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International
The “Great Risk Shift” - - why it may be time to re-think the developed/ emerging-markets distinction
Deutsche Bank says after defaulting on their external loans during the 1980s, many emerging markets (EM) experienced often severe financial crises during the second half of the 1990s and in the early 2000s. Most top-tier EMs have weathered the global crisis much better in terms of public-debt sustainability and the short/medium-term growth outlook than many developed markets (DM). Following what may in the future be remembered as the “great risk shift”, DB says it may be time to re-think old labels and traditional distinctions - - and established views of economic and financial risk.
Mar 19, 2010 - 5:51:21 AM
News
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International
Markets News Afternoon: Irish Services Producer Prices down 4.1% in 2009; EU trade deficit up; Initial weekly jobless benefit claims fall 5,000 in US
Markets news on stocks, currencies and oil.
Mar 18, 2010 - 4:13:31 PM
News
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International
US Leading Economic Index increased 0.1% in February indicating slow economic recovery
The US Leading Economic Index (LEI) increased 0.1 per cent in February, following a 0.3 per cent gain in January, and a 1.2 per cent rise in December. Today's report issued by the New York-based private sector organisation, the Conference Board, indicates a slow recovery.
Mar 18, 2010 - 2:20:34 PM
News
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International
US current-account deficit fell to $419.9 billion in 2009 - - the smallest deficit since 2001 and down from $706.1 billion in 2008
The US current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--decreased to $419.9 billion (preliminary) in 2009, the smallest deficit since 2001, from $706.1 billion in 2008, according to the US Bureau of Economic Analysis.
Mar 18, 2010 - 2:08:21 PM
News
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International
Markets News Thursday: Former Anglo Irish Bank chief Seán FitzPatrick under arrest; China carrying out yuan stress tests on 12 industries
The former chairman and chief executive of Anglo Irish Bank, Seán Fitzpatrick, was arrested this morning by Gardaí and is being questioned at Bray Garda station in Co Wicklow. Fitzpatrick was arrested at his home in Greystones at 6.30am this morning by Gardaí from the Garda Bureau of Fraud Investigation. A search of Fitzpatrick's home has been carried out.
Mar 18, 2010 - 10:30:25 AM
News
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International
Thursday Newspaper Review - Irish Business News and International Stories - - March 18, 2010
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Mar 18, 2010 - 8:04:12 AM
News
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Irish
US economy is improving and Cowen claims €60 million worth of new export orders won during his St. Patrick's Day American trip
The US economy is improving but despite the brighter economic outlook, Taoiseach Brian Cowen has announced €60 million worth of new export orders which were won during his St. Patrick's Day American trip.
Mar 18, 2010 - 7:12:40 AM
News
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European
Ireland in group of innovation followers with above average performance according to 2009 European Innovation Scoreboard
Ireland is in the group of innovation followers, with an innovation performance above the EU27 average, according to the 2009 European Innovation Scoreboard (EIS) published on Wednesday. Ireland's rate of improvement is just below that of the EU27. Relative strengths, compared to the country’s average performance, are in human resources and economic effects and relative weaknesses are in firm investments and throughputs.
Mar 18, 2010 - 5:57:46 AM
News
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European
IMF's Strauss-Kahn says closer cooperation needed in Europe; Commission warns Eurozone’s four biggest countries and Ireland growth forecasts too optimistic
The global financial crisis has heightened the need for closer international cooperation, globally and in Europe, to help avoid future crises such as the one the world economy just went through, IMF Managing Director Dominique Strauss-Kahn told the European Parliament on Wednesday. Also yesterday, the European Commission warned the Eurozone’s four biggest countries - - Germany, France, Italy and Spain - - and Ireland that their economic growth forecasts for the coming three years were too optimistic.
Mar 18, 2010 - 5:25:09 AM
News
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International
World Bank says China’s growth momentum has continued in the first months of 2010
Despite the global recession, China’s economy grew 8.7 per cent in 2009, and the growth momentum continued in the first months of 2010, according to the World Bank’s latest China Quarterly Update released Wednesday.
Mar 18, 2010 - 3:34:03 AM
News
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International
Fund managers shifting their equity focus away from Europe to US and Japan; European equity markets seen as “cheap” by one-third of polled managers
Fund managers have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the US and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March. However, European equity markets are seen as “cheap” by almost one-third of polled managers. When questioned by Bank of America Merrill Lynch for their March Fund Manager Survey, almost 30% of respondents said European equity was undervalued - - the first time in a year that so many took this view of Europe.
Mar 18, 2010 - 3:11:32 AM
News
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International
US housing starts and permits fell in February because of severe weather
US data issued today shows that housing starts and permits to build new homes both fell in February, which has been attributed to severe weather.
Mar 16, 2010 - 3:36:15 PM
News
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European
German investor confidence was stable in March; Eonomic analysts expect the economy to slowly recover in coming months
German investor confidence was stable in March, as economic analysts expect the economy to slowly recover in coming months, the ZEW economic research institute said today.
Mar 16, 2010 - 3:16:45 PM
News
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European
Eurozone annual inflation down to 0.9% in February; EU27 down to 1.4%
Eurozone annual inflation was 0.9% in February 2010, down from 1.0% in January. A year earlier the rate was 1.2%. Monthly inflation was 0.3% in February 2010. EU27 annual inflation was 1.4% in February 2010, down from 1.7% in January. A year earlier the rate was 1.8%. Monthly inflation was 0.3% in February 2010. These figures come from Eurostat, the EU statistics office.
Mar 16, 2010 - 2:52:39 PM
News
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Irish
St. Patrick's Day March 17, 2010 - - tribute to the man who drove some of the snakes from Ireland!; The Spanish origins of the Irish
St. Patrick's Day, March 17th, one of the most important dates in the Irish calendar has come around again. Patrick reputedly drove the snakes out of Ireland. There's some evidence that his crozier missed a few.
Mar 16, 2010 - 10:41:50 AM
News
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International
Markets News Tuesday: Shares rise in Europe and Asia; Investors in Japan expect central bank to extend lending support
Markets news on stocks, currencies and commodities.
Mar 16, 2010 - 10:26:34 AM
News
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European
European car sales rose in February despite a post-scrappage scheme plunge in Germany
The European Automobile Manufacturers Association (ACEA - - Association des Constructeurs Europeens d'Áutomobiles ), which represents the interests of the fifteen European car, truck and bus manufacturers at EU level, reported today that new passenger car registrations in the EU (ex- Cyprus and Malta) increased by 3.0% in February, and by 7.9% over the first two months of the year, compared to the same period in 2009 - - despite a sales plunge in Germany following the end of the publicly funded car scrappage scheme.
Mar 16, 2010 - 8:58:04 AM
News
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International
Lehman ousted whistleblower in 2008 who had raised red flags with Big 4 accounting firm Ernst & Young on $50bn scam; Box-ticking auditors in frame
Lehman Brothers ousted a whistleblower just weeks after he raised red flags with Big 4 accounting firm Ernst & Young on a $50bn scam in 2008. The issue of the events leading up to the collapse of the bank have focused attention on high-fee auditors who engage in box ticking in compliance of requirements but shut their eyes to what be may be going on under the surface.
Mar 16, 2010 - 8:31:08 AM
News
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International
Tuesday Newspaper Review - Irish Business News and International Stories - - March 16, 2010
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Mar 16, 2010 - 7:14:53 AM
News
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European
Eurozone finance ministers agree on how support package for Greece would be provided if the need quickly arises
Eurozone finance ministers agreed on Monday night how a support package for Greece would be provided if the need quickly arises. However, loan guarantees are not part of the deal.
Mar 16, 2010 - 5:19:28 AM
News
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International
Real price of Amsterdam house only doubled in more than 350 years
The real price - - on constant currency value basis calculated by stripping out inflation -- of an Amsterdam house has only doubled in more than 350 years according to an IMF research article.
Mar 16, 2010 - 5:13:30 AM
News
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International
Markets News Afternoon: US industrial production was flat in February; China held $889bn in Treasury securities in January - - Ireland held $$39bn
Markets news on stocks, currencies and oil.
Mar 15, 2010 - 4:46:29 PM
News
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International
Moody's says US and the UK are moving closer to losing their AAA credit ratings as the cost of servicing their debt rises
The US and the UK are moving closer to losing their AAA credit ratings as the cost of servicing their debt rises, according to a Moody’s Investors Service report.
Mar 15, 2010 - 3:33:03 PM
News
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European
Employment in the Eurozone fell a record 2.7 million in 2009; One in three unemployed persons in the EU27 have been jobless for over a year
Employment in the Eurozone fell a record 2.7 million in 2009 according to the EU statistics agency, Eurostat. One in three unemployed persons in the EU27 have been jobless for over a year.
Mar 15, 2010 - 1:46:59 PM
News
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International
Markets News Monday: China calls pressure on currency appreciation "protectionism"; Shares fall in Europe and Asia; Aryzta reports flat half-year profits
Markets news on stocks, currencies and commodities.
Mar 15, 2010 - 9:42:30 AM
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