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Last Updated:
Nov 20, 2009 - 4:30:17 PM |
News
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Irish
Employment in Irish industry fell 21,300 in 12 months to Q2 2009 despite rise in pharmaceutical production; Private sector unit labor costs also dipped
Employment in Irish industry fell by 21,300 from 232,600 to 211,300 employees between Q2 2008 and Q2 2009, despite the rise on pharmaceutical production in the US-owned sector. NCB Stockbrokers says there is evidence in the long-awaited Q2 earnings data (albeit covering just 18% of the private sector workforce) to suggest that the private sector is reducing labour costs, albeit in a different way than is commonly presumed.
Nov 20, 2009 - 3:54:30 PM
Analysis/Comment
Why is "Irish reform" an oxymoron?
There is surely evidence a-plenty that the term "Irish reform," is an oxymoron and the grim change in economic circumstances has had little impact.
Nov 20, 2009 - 4:50:18 AM
News
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International
Asia’s rising “clean technology tigers” - - China, Japan, and South Korea - - to overtake United States
Asia’s rising “clean technology tigers” - - China, Japan, and South Korea - - have already passed the United States in the production of virtually all clean energy technologies and will invest a total of $509bn in the sector over the five years to 2013, compared with $172bn in the US.
Nov 20, 2009 - 12:52:44 AM
News
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Irish
Overseas visits to Ireland for September 2009 return to September 2004 levels
In September 2009, the number of overseas trips to Ireland fell by 13.9% to 594,600 from twelve months earlier and this was virtually the same as the number of trips to Ireland in September 2004 (596,000), according to the CSO.
Nov 20, 2009 - 2:11:30 PM
News
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International
Men who drink alcohol every day can reduce the risk of a heart attack according to 41,438 person study
Men who drink alcohol every day can reduce the risk of a heart attack by almost an average of one-third according to a long-term study among Spanish men published in a British medical journal, on Thursday.
Nov 20, 2009 - 11:26:52 AM
News
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International
Markets News Friday; Japan warns of deflation - central bank more upbeat; One in 10 US homeowners with mortgages missing payments in Q3 2009
Markets news on stocks, currencies and commodities; Both Japan's Deputy Prime Minister Naoto Kan and Finance Minister Hirohisa Fujii said today that the economy was in deflation, leading to concerns that the recovery may slide into reverse. Meanwhile, almost one in 10 US homeowners with mortgages was delinquent, with at least one payment behind in the Q3 of 2009, the Mortgage Bankers Association said on Thursday -- that's about five million households.
Nov 20, 2009 - 9:15:44 AM
News
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International
Friday Newspaper Review - Irish Business News and International Stories - - November 20, 2009
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Nov 20, 2009 - 7:18:23 AM
News
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International
Global air transport: The worst is over
In September 2009, global air traffic volume in the passenger segment was up 0.3% from the pre-year figure. This was the first increase in air traffic since August 2008 - - the month before the crash of US investment Bank, Lehman Brothers.
Nov 20, 2009 - 5:37:56 AM
News
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International
Managing projects effectively is difficult even for experts says new report
Companies often struggle to manage projects well, but those that do are likely to reap significant financial rewards. These are the main findings in a new study by the Economist Intelligence Unit and sponsored by Oracle, Closing the Gap: The link between project management excellence and long-term success.
Nov 20, 2009 - 3:23:36 AM
News
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International
Markets News Afternoon: US Leading Index rises in October; Shares slide in Europe and US
Markets news on stocks, currencies and oil; The US Leading Index, which comprises a number of key indicators, increased 0.3% in October, following a 1.0% gain in September, and a 0.4% rise in August.
Nov 19, 2009 - 4:24:30 PM
News
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Irish
Irish Income/Living Conditions 2008: State benefits accounted for more than 22% of household income; More than 20% of households were in arrears on payments
The average Irish disposable household income increased by 2.2% in 2008 while social welfare and other State benefits accounted for more than 22% of household income, according to the CSO's Survey on Income and Living Conditions 2008. For the 10% of households in the lowest income bracket, State benefits accounted for 88% of the gross household income while they accounted for just seven per cent of income for the 10% of households with the highest earnings. The survey also found that more than 20% of households were in arrears on payments such as bank accounts, mortgages, rent, credit cards and utility bills. Almost eight per cent of households had arrears of two or more types.
Nov 19, 2009 - 1:51:12 PM
News
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Irish
Statistical Yearbook of Ireland 2009: Population, labour force, education, crime, the economy, agriculture, industry, services and much more
The Statistical Yearbook of Ireland 2009 has been published today by the Central Statistics Office (CSO). The Yearbook presents a comprehensive picture of Ireland today. It provides detailed information, tables and graphs across a wide range of topics. These include the population, labour force, education, crime, the economy, agriculture, industry, services, prices, housing, knowledge economy and the environment.
Nov 19, 2009 - 1:45:31 PM
News
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International
Economic recovery spreading across OECD countries too timid to halt rise in unemployment
The economic recovery now spreading across OECD countries is still too timid to halt the continuing rise in unemployment, according to the OECD’s latest Economic Outlook.
Nov 19, 2009 - 12:56:22 PM
News
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International
Wall Street profits in 2009 set to beat record at height of credit bubble with help of near zero interest rates
Wall Street profits in 2009 are on track to beat the record set three years ago, at the height of the credit bubble, with help of the Federal Reserve's near zero interest rates.
Nov 19, 2009 - 12:24:23 PM
News
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Irish
Irish new private cars licensed fell 40.9% in month of October 2009
There were 1,596 new private cars licensed in October 2009, compared with 2,699 in October 2008, a fall of 40.9%.
Nov 19, 2009 - 12:22:10 PM
News
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Irish
Kerry reports fall in revenues in 2009
Kerry, the Irish global ingredients and foods group, in an Interim Management Statement trading update for the ten months to 31 October 2009, issued this afternoon, said overall reported revenues were 6% below the same period of 2008 due to the adverse impact of currency changes, lower pricing and elimination of non-core activities.
Nov 19, 2009 - 12:02:16 PM
News
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International
Markets News Thursday: Shares fall in Europe and Asia
Markets news on stocks, currencies and commodities.
Nov 19, 2009 - 8:49:38 AM
News
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Irish
FBD Holdings to post operating profits in both underwriting and non-underwriting businesses in 2009
FBD Holdings plc, the general Irish insurer, today issued an Interim Management Statement trading update covering the period from 1 July 2009 to date and said it expects to deliver operating profits in both its underwriting and non-underwriting businesses in 2009. The insurer said it is "confident that it is well positioned to deliver profitable growth and superior returns to shareholders going forward."
Nov 19, 2009 - 7:30:21 AM
News
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International
A dialogue on the Chinese renminbi
Morgan Stanley economists present a dialogue on the Chinese renminbi (people's currency in Mandarin; yuan is unit in Mandarin), highlighting the pros and cons of renminbi de-peg and appreciation against the US dollar, in the format of a hypothetical debate between a policy advisor who defends the status quo and a fund manager who argues that the current arrangement is unsustainable.
Nov 19, 2009 - 7:05:54 AM
News
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International
Thursday Newspaper Review - Irish Business News and International Stories - - November 19, 2009
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Nov 19, 2009 - 6:26:26 AM
News
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International
Fund managers do not expect Federal Reserve to raise interest rates until H2 2010; Commodities most popular in four years
A majority of investors expects the Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November, which was released on Wednesday. Commodities are the most popular in four years as demand for inflation protection grows.
Nov 19, 2009 - 3:46:11 AM
News
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European
IMF Survey: Comparing recessions in Germany, Spain, and United Kingdom
While the global financial crisis and recession have hit all of Europe’s economies, the impact has varied considerably across countries. Output and employment, for instance, have moved quite differently in Germany, Spain, and the UK, three of the larger European countries, according to IMF research.
Nov 19, 2009 - 2:43:24 AM
News
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International
Markets News Afternoon: Somers to join AIB board: European Commission approves restructuring of bailed out banks Lloyds, ING and KBC
Markets news on stocks, currencies and oil; The Minister for Finance Brian Lenihan TD, announced today that Dr. Michael Somers will retire as chief executive of the National Treasury Management Agency (NTMA) on December 3rd next. AIB intends to appoint Somers to the position of deputy chairman.
Nov 18, 2009 - 5:05:29 PM
News
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International
US home construction fell sharply in October; Consumer prices rose at a moderate pace
US home construction fell sharply in October, wiping out the gains of recent months as uncertainty over renewal of a tax credit for first-time house buyers prompted caution among builders. Meanwhile, US consumer prices rose at a moderate pace in October.
Nov 18, 2009 - 3:03:13 PM
News
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International
Markets News Wednesday: Food group Glanbia facing challenging conditions; United Drug posts profit fall
Markets news on stocks, currencies and commodities; Glanbia, the Irish food group, says in a trading update today that its 2009 adjusted earnings per share are set to be at the lower end of current markets expectations at between 30 to 31 cents a share. Meanwhile, United Drug, the healthcare services company, today reported a 5% fall in pre-tax profits for the year to September 30, 2009.
Nov 18, 2009 - 11:12:52 AM
News
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International
Wednesday Newspaper Review - Irish Business News and International Stories - - November 18, 2009
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Nov 18, 2009 - 8:46:06 AM
News
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Irish
AIB raises 2009 bad debt charges to €5.3bn
AIB, Ireland's biggest bank, said in a trading update today that it is expecting 2009 bad debt charges to rise to €5.3bn, up from a previous forecast of €4.3bn.
Nov 18, 2009 - 7:54:28 AM
News
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International
Goldman Sachs apologises for its role in financial crisis; To provide $500m for 10,000 US small businesses
Goldman Sachs, the biggest US investment bank, on Tuesday apologised for its role in the financial crisis and said it would provide $500m over five years -- or about 2.3 per cent of its estimated bonus and salary pool for 2009 - - to assist 10,000 US small businesses recover from recession.
Nov 18, 2009 - 7:35:32 AM
News
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Irish
Asian business wakes up to "Desperate in Dublin" and sabotage in Mayo
On Tuesday, Asian business via the Asia edition of the Financial Times, woke up to a caption, "Desperate in Dublin," and a story from Mayo on how a "retired schoolteacher and a handful of hill farmers and lobster pot fishermen has frustrated Ireland's most important energy project." The story was headlined: "Irish grass roots clog Shell gas pipeline."
Nov 18, 2009 - 6:49:43 AM
News
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International
The e-book: Publishers will have to adjust business model to customers’ new reading habits
E-books offer users many benefits and provide major development potential for the book sector. But according to Deutsche Bank Research economist Felix Gottschalk, the publishers will only benefit they adjust their business model to customers’ new reading habits.
Nov 18, 2009 - 5:34:13 AM
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