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Last Updated:
Feb 7, 2012 - 7:04 AM |
News
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International
Tuesday Newspaper Review - Irish Business News and International Stories - - February 07, 2012
Principal news stories from the Irish Times and Irish Examiner.
Feb 7, 2012 - 6:37 AM
News
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US Economy
New factory orders rose in US and Germany in December
US factories saw an increase in demand in December and new orders for manufactured goods climbed a seasonally adjusted 1.1% from November, marking the second consecutive monthly rise. German manufacturing orders rose more than expected in December, driven by a rise in demand from outside the Eurozone, in the latest signal that Europe's largest economy may yet avoid recession despite the debt crisis.
Feb 6, 2012 - 4:34 PM
News
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Irish
Irish low-income families and the unemployed do not have enough money to achieve a basic standard of living
Irish low-income families and the unemployed do not have enough money to achieve a basic standard of living, according to a report published today.
Feb 6, 2012 - 1:33 PM
News
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EU Economy
Greece’s debt rose to 159.1% of GDP in Q3 of 2011 from 138.8% year earlier; Ireland's rose from 88.4% to 104.9%
Greece’s debt rose to a ratio of 159.1% of GDP (gross domestic product) in Q3 (the third quarter) of 2011 from 138.8% a year earlier. Ireland's ratio rose from 88.4% to 104.9%, according to Eurostat, the statistics office of the European Union, on Monday.
Feb 6, 2012 - 1:24 PM
News
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International
Markets News: Aer Lingus reports rise in January traffic
Markets news on stocks, currencies and commodities; Aer Lingus reports rise in January traffic.
Feb 6, 2012 - 9:36 AM
News
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Innovation
Improving competitiveness/ innovation in Eurozone's struggling peripheral countries
Last month we said in an article on Greece's potential to improve its dismal inward foreign direct investment record, that the World Bank's 'Doing Business 2012' rankings of the ease of doing business in 183 countries, put Greece at 100, behind Yemen and Vietnam and just ahead of Papua New Guinea. This compares with Italy at 87, just behind the former communist ruled Mongolia; Spain is at 44; Portugal at 30 and Ireland at 10. In recent times there has been a focus on how the struggling peripheral economies of the Eurozone can end decades of underperformance through improving competitiveness and what a focus on innovation could do for Greece, Ireland and Portugal.
Feb 6, 2012 - 9:01 AM
News
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Irish Economy
Bord Gáis Energy Index: Rising tensions on Iran oil sanctions pushed energy prices higher in January
Rising tensions between Europe and Iran on oil sanctions pushed wholesale energy prices higher in January, more than offsetting the positive impact of mild weather in Europe during the month, according to the Bord Gáis Energy Index.
Feb 6, 2012 - 8:30 AM
News
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Irish
Mexican cement giant Cemex increases offer for remaining stake of Readymix Ireland
Cemex, the Mexican cement and building materials giant, has increased its offer for the remaining stake of Readymix Ireland, which it does not own.
Feb 6, 2012 - 7:52 AM
News
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International
Monday Newspaper Review - Irish Business News and International Stories - - February 06, 2012
Principal news stories from the Irish Times and Irish Examiner.
Feb 6, 2012 - 6:45 AM
News
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US Economy
US services sector accelerated in January to its highest level in a year
Growth in the US services sector accelerated in January to its highest level in nearly a year, according to an industry report issued on Friday. The Institute for Supply Management said its services index rose to 56.8 last month from a revised 53.0 in December. It was the highest level since February 2011.
Feb 3, 2012 - 3:48 PM
News
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US Economy
US added 243,000 jobs in January; Unemployment rate falls to February 2009 level
Total nonfarm US payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3% - - the lowest since February 2009, President Obama's first full month in office - - the US Bureau of Labor Statistics reported today. Jobs growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.
Feb 3, 2012 - 3:12 PM
News
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International
Markets: Ryanair warns Aer Lingus on covering €400m deficit in staff pension fund
Markets news on stocks, currencies and commodities; Ryanair warns Aer Lingus on covering €400m deficit in staff pension fund.
Feb 3, 2012 - 10:33 AM
News
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EU Economy
Eurozone service sector stabilises in January as growth in France and Germany offsets declines in Spain and Italy
Business activity in the Eurozone service sector stabilised in January, with a marginal expansion ending a four-month period of contraction. Underlying conditions in the sector nonetheless remained lacklustre overall, as inflows of new business fell further and job losses were recorded for the first time since April 2010. Growth in France and Germany offset declines in Spain and Italy.
Feb 3, 2012 - 8:55 AM
News
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Irish
Irish pension funds increased 3.7% in January following a 2.4% drop in 2011
Aon Hewitt Ireland, a unit of Aon Corporation of the US, says Irish pension funds increased 3.7% in January following a 2.4% drop in 2011.
Feb 3, 2012 - 8:34 AM
News
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Irish Economy
Irish services sector activity falls for second straight month in January; Rate of decline in new business slows
Irish services sector activity fell for a second straight month in January 2012 but the rate of decline in new business slowed according to a report issued today.
Feb 3, 2012 - 7:24 AM
News
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International
Friday Newspaper Review - - Irish Business News - - February 03, 2012
Principal news stories from the Irish Times and Irish Examiner.
Feb 3, 2012 - 6:28 AM
News
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Irish Economy
Irish Exchequer Returns 2012: Tax receipts up 17% in January with a boost from timing of corporation tax
Irish Exchequer Returns 2012: The Department of Finance said today that the Exchequer deficit in January 2012 was €394m compared to €483m last January. Increased tax and non-tax revenues and lower net voted expenditure were largely offset by higher debt servicing costs and higher non-voted capital expenditure. Tax receipts were up 17% with a boost from timing of corporation tax.
Feb 2, 2012 - 4:55 PM
News
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Irish
Vhi health insurance premiums to rise by 6% - 12.5%
Vhi Healthcare, the State-owned health insurer, announced today that it will increase its prices by an average of 9% next month with increases ranging from 6% - 12.5%. For most plans the price increase will be effective from 1st March, 2012. Vhi Healthcare said that the price increase is necessary to fund the healthcare needs of its customers.
Feb 2, 2012 - 4:16 PM
News
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Irish Economy
Irish Economy 2012: Central Bank sharply cuts Ireland's economic growth forecast for this year
Irish Economy 2012: The Central Bank today sharply cut Ireland's economic growth forecast for this year as the Eurozone faces recession and consumer spending falls at a time of continuing fiscal retrenchment.
Feb 2, 2012 - 12:27 PM
News
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International
Markets: Deutsche Bank plunges to loss in Q4 2011; Baltic Dry Index sinks to 25-year low on shipping glut
Markets news on stocks, currencies and commodities; Deutsche Bank reports plunge in Q4 2011 earnings; Baltic Dry Index sinks to 25-year low on shipping glut.
Feb 2, 2012 - 10:12 AM
News
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Irish
Irish Health Contribution Refunds
The Department of Social Protection has this morning clarified the conditions applying to Irish Health Contribution Refunds.
Feb 2, 2012 - 9:21 AM
News
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EU Economy
Spain's Insider-Outsider Divide: Young temporary workers overwhelmingly the victims of brutal recession
Spain's Insider-Outsider Divide: Some of Europe's worst governed countries operate two parallel labour markets -- one mainly protected from economic shocks and the other comprising temporary workers, where all risks are concentrated. In Spain severance pay of up to 45 days' wages per year of service for permanent workers is available while in the current brutal recession, it's young temporary workers who overwhelmingly have borne the brunt of the huge rise in unemployment.
Feb 2, 2012 - 8:35 AM
News
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Innovation
Facebook files for an IPO; Claims 845m users
Facebook on Wednesday filed for an IPO (initial public offering) that is expected to value the eight-year old social media network between $75bn and $100bn. It is set for one of the biggest US stock-market debuts and hopes to raise an initial $5bn when it begins selling shares in coming months.
Feb 2, 2012 - 8:19 AM
News
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International
Thursday Newspaper Review - Irish Business News and International Stories - - February 02, 2012
Principal news stories from the Irish Times and Irish Examiner.
Feb 2, 2012 - 7:04 AM
Analysis/Comment
Dr Peter Morici: US jobs report expected to show little progress; Economy slowing
Dr Peter Morici: Friday, forecasters expect the US Labor Department to report the economy added 135,000 jobs in December, after gaining 200,000 in December. In 2012, weaker jobs gains are likely as consumer spending and economic activity slow.
Feb 2, 2012 - 6:09 AM
News
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US Economy
US private sector added 170,000 jobs in January; US manufacturing sector continued to expand
The US private sector added 170,000 jobs in January while the US manufacturing sector continued to expand in the month according to reports Wednesday.
Feb 1, 2012 - 3:56 PM
News
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EU Economy
Eurozone annual inflation is expected to be 2.7% in January 2012
Eurozone annual inflation is expected to be 2.7% in January 2012 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was also 2.7% in December 2011.
Feb 1, 2012 - 12:23 PM
News
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Irish Economy
Irish Live Register 2012: Irish unemployment rate inched down to 14.2% in January; Register dipped 3,200 in month
Irish Live Register 2012: The standardised Irish unemployment rate (SUR) in January 2012 was 14.2%, down slightly from a rate of 14.3% in December 2011. The latest seasonally adjusted unemployment rate from the Quarterly National Household Survey was 14.4% in the third quarter of 2011. There was a drop of 3,200 on the register in January.
Feb 1, 2012 - 11:52 AM
News
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EU Economy
Eurozone Bank Lending Survey shows falling loan demand in Ireland and rest of Eurozone in Q4 2011
The Central Bank today reported the Irish responses to the Eurozone Bank Lending Survey and during the final quarter of 2011, credit standards were unchanged on loans to enterprises. However, a further decrease in loan demand from enterprises was reported. A tightening of credit standards on loans to households for house-purchases was reported for the fourth quarter of 2011 with a further tightening anticipated for the first quarter of 2012. Loan demand from households for house purchases weakened again during the final quarter of 2011.
Feb 1, 2012 - 11:42 AM
News
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International
Markets News: Amazon.com's fourth-quarter earnings fell 57%
Markets news on stocks, currencies and commodities; Amazon.com's fourth-quarter earnings fell 57%.
Feb 1, 2012 - 9:56 AM
News
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EU Economy
Eurozone manufacturing downturn eases in January as Germany returns to growth
The downturn in the Eurozone manufacturing sector eased further at the start of 2012. The seasonally adjusted Markit Eurozone Manufacturing PMI (Purchasing Managers' Index) rose for the second month running in January. Although below 50.0 and therefore still signalling a worsening of business conditions, the index hit a five-month high of 48.8, up from 46.9 in December and just above the earlier flash estimate of 48.7. Signs of recovery were seen in Germany and Austria, where PMIs rose back above the 50.0 no-change mark. Rates of contraction eased in Italy, Spain and the Netherlands.
Feb 1, 2012 - 9:10 AM
News
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International
Wednesday Newspaper Review - Irish Business News and International Stories - - February 01, 2012
Principal news stories from the Irish Times and Irish Examiner.
Feb 1, 2012 - 7:31 AM
News
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Irish Economy
Irish manufacturing output fell for third straight month in January
Irish manufacturing output fell for third straight month in January as operating conditions continued to deteriorate at the start of 2012. Output and new orders both fell at solid rates. Meanwhile, firms continued to reduce output prices in spite of another strong rise in input costs. On a more positive note, new export orders increased marginally for the second month running.
Feb 1, 2012 - 7:07 AM
Asia Economy
Chinese manufacturers report further falls in output in January; Indian manufacturing rises
Chinese manufacturers report further falls in output at start of 2012. Meanwhile Indian manufacturing sector business conditions improved at fastest rate in eight months in January.
Feb 1, 2012 - 6:32 AM
News
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US Economy
US Consumer Confidence Index fell slightly in January
The US Conference Board Consumer Confidence Index, which had increased in December, retreated in January. The Index now stands at 61.1 (1985=100), down from 64.8 in December. The Present Situation Index declined to 38.4 from 46.5. The Expectations Index edged down to 76.2 from 77.0 in December.
Jan 31, 2012 - 3:27 PM
News
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Irish Economy
Loans to Irish households continued to fall in December 2011; Irish resident private-sector deposits rose during month
The Central Bank said today that loans to households continued to decline during December, and were 3.8% lower on a year-to-year basis at end-2011, following a decline of 4.1% for the year ending November 2011. Lending for house purchase was 2.5% lower on an annual basis at end-2011, while lending for consumption and other purposes declined by 8% over the same period. There was a rise of €108m in Irish resident private-sector deposits during the month of December. Developments in household sector deposits dominated this aggregate movement, as household deposits increased by €540m during the month.
Jan 31, 2012 - 2:53 PM
News
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Irish Economy
Irish Consumer Sentiment Index increased in January 2012
The overall KBC Bank Ireland/ESRI Consumer Sentiment Index increased to 56.6 in January 2012 from 49.2 in December. The corresponding figure for January 2011 was 48.7. The 3-month moving average weakened to 55.3.
Jan 31, 2012 - 2:12 PM
News
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EU Economy
Eurozone unemployment rate stable at 10.4% in December; Irish jobless rate at 14.5%; Spain at 22.9% and Austria at 4.1%
The Eurozone (EA17) seasonally-adjusted unemployment rate was 10.4% in December 2011, unchanged compared with November. It was 10.0% in December 2010. The EU27 unemployment rate was 9.9% in December 2011, also unchanged compared with November. It was 9.5% in December 2010. The Irish jobless rate was at 14.5%; Spain at 22.9% and Austria at 4.1%.
Jan 31, 2012 - 1:46 PM
News
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International
Markets News: EU25 leaders agree to sign fiscal compact agreement in March
Markets news on stocks, currencies and oil; EU25 leaders agree to sign fiscal compact agreement in March.
Jan 31, 2012 - 9:34 AM
News
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EU Economy
German retail sales fell in December but rose in 2011; Number of unemployed fell 420,000 in 2011
German retail sales fell in December but rose in 2011. Meanwhile, the number of unemployed fell 420,000 in 2011.
Jan 31, 2012 - 8:53 AM
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