| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

   
Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: Apr 7, 2010 - 9:00:13 AM


Markets News Afternoon: AIB transfers  €3.29bn in loans to NAMA at discount or 'haircut' of 43%; Politicians to meet Financial Regulator on Quinn Insurance
By Finfacts Team
Apr 6, 2010 - 5:10:23 PM

Email this article
 Printer friendly page

US Job openings/vacancies rate, seasonally adjusted, March 2007 -February 2010

The State toxic property loans agency, National Asset Management Agency (NAMA), announced today that it has completed the transfer of the first tranche of loans from Allied Irish Banks Plc (AIB). The Agency has acquired loans from AIB with a nominal value of €3.29bn in exchange for NAMA securities with a value of €1.90bn. Following the completion of all data checks and taking account of foreign exchange movements the discount or "haircut" pplied to the first tranche of AIB loans has been amended to 42% from the 43% originally indicated.

US Job openings: There were 2.7 million job openings on the last business day of February 2010, the US Bureau of Labor Statistics reported today. The job openings rate was little changed over the month at 2.1%. The hires rate (3.1%) and the departures or separations rate (3.1%) were also little changed in February.

The BLS said the number of job openings was little changed in February at 2.7 million. Although little changed over the month, the level has trended upward since the most recent trough of 2.3 million in July 2009. The job openings level was little changed in February for most industries and all four regions.

The hires rate was little changed in February at 3.1%. The rate has remained between 3.0% and 3.2% since November 2008. After falling from the most recent peak of 5.6 million hires in January 2005, the hires level reached a low point of 3.9 million in June 2009. In February 2010, the hires level was 4.0 million. The hires rate was little changed in February for all industries and 3 of the 4 regions; the rate decreased in the Northeast.

On Friday last, the BLS reported that US employment increased by 162,000 in March; 44.1% of unemployed were jobless for more than six months - - the highest level since at least 1948.

Quinn Insurance:A meeting is expected to be held in Dublin this evening between the Financial Regulator and a group of politicians from the border area to discuss the future of Quinn Insurance. Earlier Monday in Cavan, a group of employees of the company met with the two High Court-appointed administrators of the company and also politicians. The administrators were appointed last Tuesday at the request of the Regulator.

The Quinn Group has been lobbying politicians and involving its employees in its efforts to prevent the Regulator from going ahead with an application to the High Court next week to sell the insurance unit where about 2,800 are employed.

The Quinn Group owes the State-owned Anglo Irish Bank  €2.8bn and it has total debts of €4bn.

People in the UK earning £150,000 or more per year will have to pay 50% income tax from Tuesday. David Scott from Vestra Wealth has analysis:

Global currency reserves:Bloomberg reports that the fastest growth in global currency reserves since the credit crisis is blunting a rise in Treasury yields even as concern increases about record U.S. borrowing to finance an unprecedented budget deficit.

Global reserve assets climbed 18% to $7.8 trillion in the 12 months ended in March, the biggest increase since the collapse of Bear Stearns Cos. in March 2008, according to data compiled by Bloomberg. Bank of America Corp. and Royal Bank of Scotland Group Plc forecast that growth in reserves, led by Asian nations, will sustain demand as Greece’s fiscal woes raise concern about the risk of holding sovereign debt and corporate bonds offer the slimmest yield premiums over Treasuries since November 2007.

Richmond Federal Reserve President Jeffrey Lacker tells CNBC's Steve Liesman he's not concerned about deflation and sees job growth accelerating as the year continues:

US markets

On Tuesday, the Dow has dipped 5 points or 0.05% to 10,968.

The S&P 500 has inched up 0.08% and the Nasdaq Composite has moved by the same amount.

Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a survey by federal mortgage financier Fannie Mae survey released Tuesday.

Live US indices

In Europe, the Dow Jones Stoxx 600 has risen 0.59% Tuesday.

In Dublin, the ISEQ has advanced 0.83%.

BoI has climbed 12.25% or 20 cents; AIB is up 4.17% and Elan has climbed 3.65%.

European Benchmarks

Irish Share Prices

Euribor Rates

Oil

On the New York Mercantile Exchange, oil for May 2010 delivery is trading at $86.95 up 33 cents from Monday's close. In London, Brent crude  for May delivery is trading at $86.23 a barrel.

Currencies

The euro is trading  at $1.3377 and at £0.8792.

For live currency updates, check the right-hand column of the Finfacts home page.  The dollar traded at a record low $1.6038 per euro on July 15, 2008.

Related Articles
Related Articles


© Copyright 2007 by Finfacts.com

Top of Page

International
Latest Headlines
Wednesday newspaper review: December 17, 2014
Tuesday newspaper review: December 16, 2014
Monday Newspaper Review - Irish Business News and International Stories - - December 08, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 28, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 27, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 25, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 21, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 20, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 19, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 18, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 17, 2014
Friday Newspaper Review - Irish Business News and International Stories - - November 14, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 13, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - November 12, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 11, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - November 06, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - November 04, 2014
Monday Newspaper Review - Irish Business News and International Stories - - November 03, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 31, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 30, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 29, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 28, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 24, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 22, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 21, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 20, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 17, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 16, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 15, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 13, 2014
Friday Newspaper Review - Irish Business News and International Stories - - October 10, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 09, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 08, 2014
Tuesday Newspaper Review - Irish Business News and International Stories - - October 07, 2014
Monday Newspaper Review - Irish Business News and International Stories - - October 06, 2014
Thursday Newspaper Review - Irish Business News and International Stories - - October 02, 2014
Wednesday Newspaper Review - Irish Business News and International Stories - - October 01, 2014
Monday Newspaper Review - Irish Business News and International Stories - - September 29, 2014
Friday Newspaper Review - Irish Business News and International Stories - - September 26, 2014