Business World

Saturday 23 August 2014

In brief: New car sales up 2pc

Published 02/11/2013 | 01:00

  • Share

NEW car sales in Ireland for October were up 2pc on last year, while sales for the year are still down 6pc, according to the Society for the Irish Motor Industry (SIMI).

  • Share
  • Go To

SIMI spokeswoman Suzanne Sheridan said that while the industry had a boost from the mid-year 132 registration plate, it had still been a very difficult year.

"However, car dealers are now gearing up for the new year and with a forecast for economic growth next year, the industry is already offering customers deals on 141 cars," she said.

TRADERS SUSPENDED

UK BANK Barclays has suspended three currency traders, including a chief dealer in London, amid a probe into potential foreign-exchange manipulation.

Chris Ashton, who was identified as global head of voice spot trading in a Barclays e-mail last month, and spot currency traders Jack Murray and Mark Clark were suspended. None of the three has been accused of any wrongdoing. (Bloomberg)

CITIGROUP PROBE

CITIGROUP, the US bank with the biggest international business, said yesterday that US government agencies and authorities from other jurisdictions were investigating its foreign-exchange trading.

The bank has put its chief currency dealer in London on leave, it was reported earlier this week, in an action that mirrors developments at a number of banks based in Europe, as well as at JPMorgan Chase & Co, the biggest US bank.

The actions come amid investigations by regulators of possible manipulation of currency markets. (Reuters)

US MANUFACTURING UP

MANUFACTURING in the US unexpectedly picked up in October as American companies shook off the impact of the recent federal government shutdown.

The Institute for Supply Management's index rose to 56.4, the highest since April 2011, from 56.2 a month earlier, the Tempe, Arizona-based group's report showed.

Readings above 50 indicate growth.

Industries from textiles to transportation expanded as motor vehicle purchases and improving export markets underpinned manufacturing at the start of the fourth quarter. (Bloomberg)

Irish Independent

Read More

Editors Choice

Also in Business