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Markets News Afternoon: Deutsche Bundesbank's Axel Weber says in Dublin more bank capital preferable to Volcker Rule; German exports dip in January; AIB/Amárach Recovery Indicator (ARI) shows consumers putting debt management first
Wed, 10 Mar 2010 16:42:21 GMT
Markets news on stocks, currencies and oil; Deutsche Bundesbank's president, Prof. Axel Weber, said in Dublin today that more bank capital is preferable to the US Volcker Rule, named after former Federal Reserve chairman Paul Volcker.
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Coughlan launches nine "transformational" Competence Centres for research and public investment of €56 million
Wed, 10 Mar 2010 15:28:44 GMT
The Government announced today that it will invest up to €56 million over the next five years in a network of "transformational" competence centres that will support companies in the smart economy, the Tánaiste Mary Coughlan announced today.
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Dempsey says Dublin Airport Authority can operate Dublin Airport's Terminal 2 - -T2 - - if it meets agreed benchmarks
Wed, 10 Mar 2010 15:01:50 GMT
Today Minister for Transport, Noel Dempsey TD announced his mandate to the Dublin Airport Authority (DAA) to operate Terminal 2 - -T2 -- , while demonstrating that it can do so within a benchmark set by the Commission for Aviation Regulation (CAR). This follows a decision to terminate the facility management procurement process relating to Terminal 2 at Dublin Airport.
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IFSC accounts for €789.1 billion of €1.1 trillion of external Irish debt
Wed, 10 Mar 2010 14:37:34 GMT
The Central Bank today published new statistics on securities issued by entities resident in Ireland. The new dataset contains information on the outstanding amount of external Irish debt and equity securities by sector of issuer, at end-December 2009 and end-January 2010. Debt of almost €1.1 trillion is mainly accounted for by the IFSC, Dublin's offshore financial services centre, which has a debt of €789.1 billion.
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Markets News Wednesday: Aer Lingus cuts 250 cabin crew jobs and pay 2 weeks redundancy per year of service; Tullow Oil reports a 93% drop in 2009 pre-tax profits
Wed, 10 Mar 2010 11:53:24 GMT
Aer Lingus Group today announced that it has now disclosed to cabin crew representatives measures to achieve the cost savings originally contemplated under the cost reduction programme announced in October 2009.
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Glanbia reports 19% fall in 2009 pre-tax profits; Majority shareholder is interested in acquiring Glanbia's Irish dairy operations
Wed, 10 Mar 2010 09:41:29 GMT
Food group Glanbia today reported a 19% fall in pre-tax profits for the year ending 2009. The group also announced its majority shareholder is interested in acquiring Glanbia's Irish dairy operations.
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