State support for almost 7,500 jobs
SUBSIDY
Tuesday November 10 2009
SUBSIDY
Almost 7,500 jobs are to receive direct support under the first round of the employment subsidy scheme. "This week 453 employers are to be informed of their successful application under the scheme, which provides a subsidy of €9,100 over 15 months per qualifying employee in vulnerable but viable firms," Tanaiste and Enterprise, Trade and Employment Minister Mary Coughlan said yesterday. "As a result of this scheme, companies have now committed to retaining 35,283 jobs," she added.
Exploration group shares for IEX
LISTING
EXPLORATION group Conroy Diamonds and Gold will have its shares listed on the Irish Enterprise Exchange (IEX) market in Dublin from December 7, the date of the company's annual general meeting. The shares already trade on the AIM market in London but chairman Professor Richard Conroy said listing on IEX would facilitate dealings for Irish or other investors who trade in euro.
Bank of Scotland launches tracker
BOND
BANK of Scotland has launched a tracker bond, promising 100pc capital protection. The Phoenix product offers a 10pc minimum return over the five years and six months of the bond, or 50pc of the growth in the Dow Jones Euro Stoxx index. The closing date for applications is December 9.
Gold climbs to record high price
METALS
Gold climbed to a record high in New York as a declining dollar spurred investors to buy bullion as an alternative investment. Gold, up 25pc in 2009, is now headed for a ninth straight annual gain and was helped along the way by a report from Bank of America Merrill Lynch which said gold was likely to top the $1,500 an ounce mark within the next 18 months.
'No sale' of $5.2bn for Fannie Mae
MORTGAGES
Fannie Mae is reviewing whether it will have to write down $5.2bn (€3.5bn) in low-income housing tax credits after the US Treasury rejected its request to sell the investments, the mortgage-finance company said yesterday. US Treasury found an agreement to sell about half of Fannie Mae's credits would have cost taxpayers more than the company would gain from the deal.
Irish Independent
