Business World

Sunday 28 May 2017

82pc of businesses positive about future

SURVEY

IRISH businesses are positive about economic growth with two-thirds expecting steady and sustained growth over the next 10 years, according to a new survey. The 'Business in 2021' research released by Barclays Bank Ireland shows firms expect exports to increase significantly and growth to be fuelled in particular by the technology, tourism and agri/food sectors. The research found respondents positive about Ireland's long-term economic prospects with 82pc expecting Ireland to be a better place to do business in 2021.

Deutsche Bank charged in S Korea

MARKETS

DEUTSCHE Bank's South Korean brokerage and four of its employees have been charged with illegally manipulating Seoul's stock market last year. Korean prosecutors allege the firm earned more than €28.87bn in unfair trading on November 11. In a statement, Deutsche Bank denied the charges and said it would defend itself in court.

Ford and Toyota team up on hybrids

MOTORING

FORD and Toyota -- the world's biggest seller of petrol-electric autos -- plan to collaborate to develop a hybrid system for pick-up trucks and sports utility vehicles as US fuel-economy rules tighten. The two automakers reached a preliminary agreement that calls for selling vehicles with the technology this decade, as well as working together on in-car communications systems and internet-based services, according to a joint statement yesterday.

Irishman made new chairman of Mcor

TECHNOLOGY

PRINTER manufacturer Mcor has appointed John Ryan as chairman of its board of directors. Mr Ryan was born and educated in Ireland and moved to California's Silicon Valley in 1974 to pursue a career in electronics. Mr Ryan retired as chairman of Macrovision in 2008 and is now a managing partner in the Wilde Angels Investment Fund. He holds over 70 US patents and is said to be an investor/adviser/board member in several Silicon Valley start-ups. Mcor CEO Dr Conor McCormack said his appointment was "a significant step forward for the company. He will be a real asset to the company as Mcor continues to grow and expand its business".

Irish Independent

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