Honohan defends entering euro
CENTRAL Bank Governor Patrick Honohan yesterday insisted that entering the euro had not caused Ireland's boom to bust, even though the single currency was "part of the illusion" that sustained the toxic cycle.
Mr Honohan was speaking before the Irish Croatian Business Association, ahead of Croatia's accession to the EU.
Wind-farm plan gets green light
COILLTE and ESB Wind Development have announced that planning permission has been granted for their joint initiative to develop a 27.5 megawatt wind farm at Raheenleagh, Co Wicklow. It is anticipated that the wind farm will generate the equivalent of 17,000 homes' annual electricity consumption.
Female prospects 'hit by the slump'
TWO out of five Irish workers feel that the recession has made overall employment prospects for women worse, according to a new survey by Regus. Irish respondents also believe that women are still very much under-represented in management and senior positions.
Facebook not to go public 'until 2012'
PETER Thiel, a member of the board of directors of Facebook, has said he does not expect the booming social network to go public for at least two years. "We will stay private as long as possible," he said in an interview with Fox News.
Yen rises as US confidence eases
THE yen reached the strongest level versus the dollar since the Bank of Japan intervened to weaken the currency as a report showed lower-than-forecast US consumer confidence, boosting demand for refuge assets. The dollar reached a five-month low against the euro.
Bank wants offers for B3 cable firm
AN ICELANDIC bank has met representatives hoping to secure the future of a Longford cable manufacturing firm. Landsbanki has instructed Alan Flanagan, who has been dealing with the receivership of the B3 business, to accept further offers from anyone interested in the firm.