Monday 20 May 2013
EUROPEAN shares extended gains to set a new five-year high for a fourth straight session this morning, with investors flocking to buy riskier assets such as equities on fresh signs of a recovery in the global economy.
DOMESTIC banks in an independent Scotland would be too big to be rescued in a crisis, it was revealed yesterday.
John Grayken, the fourth richest man in Ireland, is under pressure to appoint an heir to his €25bn Texas-based private equity giant, Lone Star.
Recent moves by financial markets are truly extraordinary.
Exploration firm Petroceltic postponed listing on the main stockmarkets in Ireland and the UK because of delays with a deal in Algeria.
Facebook marked its first anniversary as a public company on Friday – but investors have little reason for merriment.
Dell, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79pc slide in profit as PC sales continued to shrink.
EUROPE'S ailing car market has ended a streak of 18 straight months of falling sales, although a number of one-off factors suggest that a sustained recovery will be harder to achieve.
DENMARK is shelving indefinitely its goal of adopting the euro. Prime Minister Helle Thorning-Schmidt has said that an exchange-rate peg without full euro membership is proving the best currency regime for her country.
Supervisors across the European Union will examine the way that top banks classify and value loans and other assets to ensure that the stress tests they conduct do a better job of finding any problems.
EUROPEAN stock prices were stable yesterday as the composite Stock Europe 600 Index reached its highest level in years. Irish stocks fell but were still up more than 1pc over the last five trading days.
EUROPEAN shares edged off multi-year highs today, spooked by some US policymakers talking about the possible future removal of monetary stimulus - the key driver of the market rally.
EasyJet said it will court business travellers with fast-track security.
Q: How do you get a consumer to pay extra for a food brand when the cheaper own-brand or local alternative promises to do the same thing?
Buy Japanese stocks if you must but don't expect Abenomics and the fall of the yen to revitalise Japan's economy.
The yield on 10-year Greek bonds, the benchmark cost at which countries can borrow on the open market, has dropped below 9pc for the first time since October 2010.
Yasemin Rosenmaier has been selling homes in northern Italy since 2005 and she's finding that there's never been a better time to work for a German broker.
BlackBerry is introducing its popular instant messaging system to emerging markets like Brazil and Indonesia in a bid to drive growth.
WHEN Joseph Schumpeter described capitalism as a process of creative destruction more than 70 years ago, he couldn't have conceived of the miracle that is 3D printing.
EUROPEAN finance ministers have agreed to provide an extra €7.3bn for this year's EU budget to be used for growth and job creation for young people.
European authorities have raided offices of oil majors Shell, BP and Statoil in an investigation of suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal.
SHARES in DCC soared over 7pc in London yesterday after the company delivered full-year results that beat expectations and said it expects to grow profits by between 10pc and 12pc this financial year.
Private equity giant CVC has pulled the plug on a €1bn-plus takeover attempt for UK betting exchange Betfair, which is headed by former Paddy Power executive Breon Corcoran (pictured).
The ISEQ index of Irish shares closed up yesterday at 3,975, up 7.63 points yesterday as it continues to hover around levels not seen consistently since 2008.
MATT Winkler, editor-in-chief of Bloomberg News, apologised yesterday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was "inexcusable" but that important customer data had always been protected.
European companies lost €350bn last year due to late or unpaid bills, underlining fears that small businesses expected to drive economic recovery are faltering in a prolonged recession.
FINANCE Minister Michael Noonan has said treaty change won't be needed to set up a eurozone banking union, despite suggestions to the contrary from Germany.
PORSCHE, already facing lawsuits seeking a combined €4bn linked to the carmaker's aborted takeover of Volkswagen, was sued by 25 more hedge funds in Germany yesterday.
IRISH shares were little changed yesterday, as the market got off to a slow start to the week.
MEMBERS of the Gardai have been using the force’s computer records system to snoop on celebrities and sports stars, the Data Protection Commissioner has found.
Justice Minister Alan Shatter has said he discovered during a Garda briefing that Independent TD Mick Wallace was stopped for using a mobile phone while driving.
JUSTICE Minister Alan Shatter has staunchly defended his decision to publicly reveal that Mick Wallace escaped penalty points.
Former Munster and Ireland rugby legend Marcus Horan has spoken of how Donal Walsh's story "touched" the team and praised the legacy the brave Kerry teenager has left behind.
CASH-STRAPPED communities are being asked by the Government today to share the cost of fixing their potholes and even to carry out the work themselves.
PSYCHIATRISTS have no way of accurately predicting whether a distressed pregnant woman will kill herself, a leading expert has warned.
Two men have been arrested in connection with the murder of a former garda.
GARDAI investigating the murder of a former member of the force have arrested two men.
A 24-year-old motorist has died after his car crashed into a traffic island.
INDEPENDENT TD Mick Wallace has now admitted he was caught by gardai driving while on a mobile phone - but was let off.
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