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Last Updated: Jan 23, 2008 - 5:08: PM |
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International
Markets News Afternoon: Stocks again fall in US and Europe as prospect of more Fed rate cuts fails to tame the bears; Motorola's shares plunge almost 18%
Markets news on stocks, currencies and commodities.
Jan 23, 2008 - 4:53: PM
News
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Irish
Irish retail sales volume fell in November 2007
The CSO reported today that the volume of Irish retail sales in November fell because of slower motor sales.
Jan 23, 2008 - 4:13: PM
News
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European
Ireland among three of EU27 countries given 20% greenhouse gas emissions target cuts; Emission Trading System to be expanded
The European Commission has today agreed on a far-reaching package of proposals that it says will deliver the European Council's commitments to fight climate change and promote renewable energy.
Jan 23, 2008 - 2:19: PM
News
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European
Flash Eurozone PMI at 31-month low as growth of new orders drops to near-stagnation
The RBS/NTC Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, hit a 31-month low of 52.7 in January, dropping from 53.3 in December to signal an easing in the rate of growth for the third month running. The slowdown was driven by the service sector, where the rate of growth slipped to the weakest since August 2003. In manufacturing, output growth picked up slightly on the modest pace seen in December, but also continued to run well below rates seen last summer.
Jan 23, 2008 - 1:46: PM
News
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European
Trichet says European Central Bank needs to retain its focus on fighting inflation
The European Central Bank needs to retain its focus on fighting inflation in the face of a very significant, ongoing market correction, ECB President Jean-Claude Trichet said today.
Jan 23, 2008 - 1:30: PM
News
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Irish
Service upgrade and News links from Jan 17, 2008
We are operating on the upgrade to our news management system and the improved database provides for better operation, including providing automatic links to related content.
Jan 23, 2008 - 10:43: AM
News
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International
Markets News Wednesday: Asia-Pacific markets recover after biggest drop in 18 years but European stocks fall - Dublin market up in early trading
Markets news on stocks, currencies and commodities.
Jan 23, 2008 - 9:30: AM
News
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International
Apple reports best quarterly revenue and earnings in its history; Shares fall over 12% in after-hours trading
Apple on Tuesday announced financial results for its fiscal 2008 first quarter ended December 29, 2007. The Company posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share.
Jan 23, 2008 - 5:41: AM
News
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International
World Economic Forum 2008: CEOs' confidence about prospects for business fell for the first time since the 2003
The World Economic Forum Annual Meeting begins today in Davos Switzerland and brings together global leaders of business, international institutions and politicians.
Jan 23, 2008 - 4:49: AM
News
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European
UK GDP growth in Q4 2007 weakest in more than a year; Bank of England Monetary Policy Committee voted 8-1 against rate cut in January
UK GDP increased by 0.6 per cent in the fourth quarter of 2007, compared with 0.7 per cent in the third quarter. A slight acceleration in production was more than offset by weaker growth in services. The rate of growth was at the slowest pace in more than a year after a rise in credit costs hampered brokerage and computer services. Meanwhile, it was reported that the Bank of England voted 8-1 to keep the benchmark interest rate unchanged at 5.5% this month, as inflation concerns led the majority to ignore a call from David Blanchflower for a second consecutive cut to spur the economy.
Jan 23, 2008 - 11:15: AM
News
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Irish
Tullow Oil production rose 13% in 2007
Tullow Oil plc today issued a trading statement in respect of its financial year to 31 December 2007 and an Operational Update in respect of recent Production, Development and Exploration activities.
Jan 23, 2008 - 10:28: AM
News
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International
Wednesday Newspaper Review - Irish Business News and International Stories
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Jan 23, 2008 - 8:22: AM
News
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International
Long period of rising global food prices forecast due to scarcity of water and arable land
Scarcity of water and arable land means that the the surge global food prices could be a long-term problem, a new study has warned. Meanwhile, efforts to increase wheat output may not be enough to offset soaring demand and bring the cereal down from all-time price highs, Abdolreza Abbassian, grains economist at the Food and Agriculture Organisation (FAO) said this week.
Jan 23, 2008 - 7:26: AM
News
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European
Bank of England Governor warns of rising inflation pressures; Unlikely to emulate Fed's aggressive interest rate cutting
Bank of England Governor Mervyn King said on Tuesday night, that inflation may match the fastest rate in at least a decade this year and require an explanation to the UK Treasury, a signal that policy makers have limited scope to cut interest rates.
Jan 23, 2008 - 6:48: AM
News
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International
Markets News Afternoon: European markets recover following Fed rate cut; US markets down but rebound from opening plunges
Markets news on stocks, currencies and oil.
Jan 22, 2008 - 4:57: PM
News
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International
Markets News Wednesday: Stocks deep in red ink across the globe: Asia-Pacific and Europe slump following grim day in New York
Markets news on stocks, currencies and commodities.
Jan 16, 2008 - 8:41: AM
News
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Irish
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
C&C Group plc, the Irish cider manufacturer and beverages distributor, today issued a trading statement for the six months ending 29 February 2008.
Jan 16, 2008 - 7:44: AM
News
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International
Wednesday Newspaper Review - Irish Business News and International Stories
Principal news stories from the Irish Times, Irish Examiner, Financial Times and New York Times.
Jan 16, 2008 - 7:04: AM
News
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International
Apple launches MacBook Air - the world s thinnest notebook
Apple on Tuesday introduced what it terms the world s thinnest notebook: MacBook Air.
Jan 16, 2008 - 5:55: AM
News
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International
Intel reports 51% rise in Q4 2007 net income but cautious outlook for 2008 sends shares plunging 14% in after-hours trading
Intel, the giant US computer chip maker, on Tuesday announced record fourth-quarter revenue of $10.7 billion, operating income of $3 billion, net income of $2.3 billion - up 51 percent, and earnings per share (EPS) of 38 cents. For 2007, operating income grew 45 percent, reflecting the company's ongoing efficiency programs, with profits growing significantly faster than revenue.
Jan 16, 2008 - 3:34: AM
News
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International
Europe suffered a slowdown in labour productivity in 2007; Rich countries face struggle to achieve rises in living standards
Europe suffered a slowdown in labour productivity - growth in output per hour worked - growth in 2007 as the business cycle passed its peak and structural reform remained sluggish.
Jan 16, 2008 - 3:05: AM
News
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Irish
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Shannon Development Chief Executive, Kevin Thompstone, has called for the urgent rollout of a �4 billion high-speed broadband telecommunications infrastructure across Ireland.
Jan 16, 2008 - 2:44: AM
News
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International
Markets News Afternoon: Citi rains heavily on markets in Europe and US - Dublin plunges almost 4%
Markets news on stocks, currencies and oil.
Jan 15, 2008 - 4:55: PM
News
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European
German ZEW Indicator of Economic Sentiment fell in January to a to 15-Year low indicating plunge in investor confidence
The German ZEW Indicator of Economic Sentiment decreased in January 2008 once again and now stands at minus 41.6 points after minus 37.2 points in the previous month. This is still well below its historical average of 31.0 points and is the lowest since 1993 - a 15-year low.
Jan 15, 2008 - 4:29: PM
News
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Irish
Irish SMEs can reduce costs by adopting Green IT
Energy represents the biggest cost increase for small and medium sized enterprises globally over the last two years so there are good business as well as environmental reasons for Irish SMEs (Small and Medium Sized Enterprises) to adopt a green approach to IT. The need for Irish SMEs to adopt a more green approach to IT was highlighted recently when oil reached $100 a barrel.
Jan 15, 2008 - 3:04: PM
News
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International
US retail sales fell in December signalling that consumer spending is under strain; Producer/Wholesale prices rose 6.3% in 2007 - the highest since 1981
US retail sales fell 0.4% in December, the US Commerce Department said today. The drop indicated that consumer spending, which accounts for over 70% of US national output, is under strain. The Department of Labor also reported today a small decline in US producer/Wholesale prices in December but for 2007 as a whole, they recorded the highest calendar-year increase in over a quarter century, fuelled by higher energy, commodity and food prices.
Jan 15, 2008 - 2:43: PM
News
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Irish
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
The CSO reported today that employment in Irish private firms (with five or more persons engaged) in the construction industry decreased by 5.4% in November 2007 by comparison with November 2006.
Jan 15, 2008 - 2:13: PM
News
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International
Citigroup reported Q4 2007 loss of $9.83 billion; Write-downs and increased credit costs were a massive $22.2 billion
Citigroup Inc. today reported a net loss for the 2007
fourth quarter of $9.83 billion, or $1.99 per share. Results include $18.1
billion in pre-tax write-downs and credit costs on sub-prime related direct
exposures in fixed income markets, and a $4.1 billion increase in credit costs
in US consumer primarily related to higher current and estimated losses on
consumer loans.
Jan 15, 2008 - 1:01: PM
News
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Irish
Two Dublin Firms "score major deals" during South Africa Trade Mission
Two Dublin firms have secured major deals during Ireland's "largest ever" Trade Mission to South Africa, according to the Minister for Enterprise, Trade and Employment, Micheal Martin.
Jan 15, 2008 - 12:39: PM
News
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European
UK Annual Consumer Price Inflation held steady in December at 2.1%
UK Annual Consumer Price Inflation (CPI) – the UK Government's target measure – was 2.1 per cent in December, unchanged from November.
Jan 15, 2008 - 11:48: AM
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