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Last Updated: Aug 27, 2008 - 1:35:30 AM |
News
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EU Economy
German Ifo Business Climate Index worsens again in August; Current situation is still seen as slightly positive
The German Ifo Business Climate Index for industry and trade has fallen in August, the third decline of the index in succession. The fell to 94.8 from 97.5 in July. The current business situation has been assessed clearly more unfavourably than in the previous month. In addition the firms also expect a further negative business development in the coming half year. The German economy is encountering an increasingly more difficult situation.
Aug 26, 2008 - 10:00:22 AM
News
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International
Markets News Tuesday: European markets open down; Oil price at $115 in New York; EUR/USD rate below $1.47
Markets news on stocks, currencies and commodities.
Aug 26, 2008 - 8:53:50 AM
News
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Irish
CRH reports 10% fall in pre-tax profits in the first half of 2008
CRH, the international building materials group and the biggest firm in the sector in the United States, today reported pre-tax profits of €606m for the first half of 2008, down 10% on the same period last year.
Aug 26, 2008 - 7:23:28 AM
News
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International
International Monetary Fund cuts its forecasts for 2008 and 2009 world economic growth
The International Monetary Fund has cut its forecasts for 2008 and 2009 world economic growth, mainly due to a revision in the outlook for the Eurozone, an official of the G20 group of developing countries said yesterday.
Aug 26, 2008 - 6:45:06 AM
News
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EU Economy
European Central Bank lending to Irish financial institutions was €44.1 billion in July - the highest since the credit crisis began
European Central Bank (ECB) lending to Irish financial institutions was €44.1 billion in July as banks used the central bank's lending facility to shore up liquidity. It was the highest level since the credit crisis began in August 2007.
Aug 26, 2008 - 6:10:26 AM
News
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Irish
Irish consumers spent €2.6 billion more on alcohol and cigarettes than food in 2007; Household spending on alcohol more than 3 times EU27 average
Irish consumers spent €2.6 billion more on alcohol and cigarettes than food in 2007. Agri Aware, the farming and food educational body, has also revealed that for every €1 spent on food, consumers are spending €0.73 more on alcohol, tobacco and mobile phones.
Aug 26, 2008 - 4:33:51 AM
News
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Irish
Blackrock International Land reports pre-tax losses of almost €8m for the first half 2008
Blackrock International Land, the Irish property investment company spin-off from fruit distributor Fyffes, today reported pre-tax losses of almost €8m for the first half 2008, as the underlying value of its portfolio dropped. The loss comes after a profit of more than €12m in the same period last year.
Aug 26, 2008 - 5:22:46 PM
News
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Irish
Blackrock International Land reports pre-tax losses of almost €8m for the first half 2008
Blackrock International Land, the Irish property investment company spin-off from fruit distributor Fyffes, today reported pre-tax losses of almost €8m for the first half 2008, as the underlying value of its portfolio dropped. The loss comes after a profit of more than €12m in the same period last year.
Aug 26, 2008 - 10:58:25 AM
News
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International
Tuesday Newspaper Review - Irish Business News and International Stories - - August 26, 2008
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Aug 26, 2008 - 7:08:08 AM
News
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Irish
Kerry Group reports profit before tax rise of 0.2% in first half of 2008
Kerry, the Irish food group, today reported pre-tax profits of €132.8m for the first half of this year, up generally unchanged from the same period last year at 0.2%.
Aug 26, 2008 - 7:03:05 AM
News
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Irish
Report by the Irish Small Firms Association says small businesses in Ireland lose on average €793 million per annum through absenteeism
A new report by the Irish Small Firms Association has shown that small businesses in Ireland lose on average €793 million per annum through absenteeism. The report also shows that workers in small companies are less likely to miss work through illness than their counterparts in larger businesses.
Aug 26, 2008 - 5:40:23 AM
News
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International
Markets News Afternoon: Stocks fall in Europe and US
Markets news on stocks, currencies and commodities.
Aug 25, 2008 - 4:52:43 PM
News
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Irish
AIB cuts its 2 & 3 year Irish fixed mortgage rates to 5.2%
AIB is cutting its 2 year Irish fixed mortgage rate by 0.55% to 5.20% and its 3 year fixed mortgage rate from 0.25% to 5.20%. The new rates will be effective from close of business Tuesday 26th August.
Aug 25, 2008 - 4:01:19 PM
News
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International
US existing-home sales rose in July from a 10-year low as falling prices helped stabilise demand and the number of homes for sale jumped to a record
US existing-homes sales rose in July from a 10-year low as falling prices helped stabilise demand and the number of homes for sale jumped to a record, the National Association of Realtors said today in Washington.
Aug 25, 2008 - 3:29:34 PM
News
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Irish
Irish Consumer Sentiment Index rose slightly in August
The overall IIB Bank/ESRI Irish Consumer Sentiment Index rose in August. The Consumer Sentiment Index was 43.4 in August 2008, compared with 39.6 in July.
Aug 25, 2008 - 12:01:22 PM
News
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Irish
Irish commercial property investment at virtual standstill in recent months; Irish investment in UK property plunged in first six months of 2008
Irish commercial property investment has been at a virtual standstill in recent months. Since the beginning of the year, the Irish property investment market has been characterised by a lack of transactional activity, with only €392 million of Irish investment deals signed in the six months to the end of June 2008 compared to €1.9 billion in 2007. Irish investment in UK property plunged to €795 million in the first six months of 2008 compared with €5.5 billion of investment transactions in the UK in 2007.
Aug 25, 2008 - 11:30:40 AM
News
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International
Markets News Monday: European stocks down; Oil price close to $115 in New York; Dublin market up
Markets news on stocks, currencies and commodities.
Aug 25, 2008 - 8:48:28 AM
News
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Irish
Glanbia announces acquisition of Illinois based Optimum Nutrition - a manufacturer of nutritional supplements for the sports sector - for $315 million
Glanbia plc, the Irish international cheese and nutritional ingredients Group, today announced the acquisition of Illinois based Optimum Nutrition, Inc. - a manufacturer of nutritional supplements for the sports sector, with what it says are some of sports nutrition’s most trusted brands in the USA – including ‘Optimum Nutrition’ , ‘Gold Standard 100% Whey’ and ‘ABB’. The total consideration for the acquisition is $315 million (€213 million). The business is being acquired on a debt free basis and will be funded from Glanbia’s existing resources.
Aug 25, 2008 - 8:23:34 AM
News
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International
Monday Newspaper Review - Irish Business News and International Stories - - August 25, 2008
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Aug 25, 2008 - 7:06:12 AM
News
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International
Global economy is likely to recover in 2010 but economic growth may remain sluggish for several years
The global economy is likely to recover in 2010 with the US housing market showing some life but economic growth may remain sluggish for several years.
Aug 25, 2008 - 6:49:56 AM
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