Latest Business News

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Budget aims to steady finances

Mon, 13 Oct, 2008 at 22:58

The Minister for Finance Brian Lenihan has said that the main aim of tomorrow's Budget is to stabilise the public finances in the face of the most difficult conditions in living memory. More...

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Germany & France announce rescue packages

Mon, 13 Oct, 2008 at 16:41

Germany and France have unveiled multi-billion euro rescue package to save their banks from collapse. More...

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UK loan to help Iceland bank savers

Mon, 13 Oct, 2008 at 16:37

Britain is to provide a short-term loan of up to £100m to Iceland to help repay cash to British savers. More...

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World markets cheer bank measures

Mon, 13 Oct, 2008 at 17:39

World stock markets have bounced back after euro zone governments announced guarantee measures for banks. More...

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Central banks' move loosens credit

Mon, 13 Oct, 2008 at 16:58

Money market rates have fallen after Europe's central banks promised to lend commercial banks US dollars. More...

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US plans to buy shares in banks

Mon, 13 Oct, 2008 at 13:37

A US Treasury official has said the US is ready to buy shares in a 'broad array' of financial institutions. More...

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2010 recovery hopes fading - Davy

Mon, 13 Oct, 2008 at 18:46

A new report on the economy suggests that the recession will last throughout much of next year. More...

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Upsurge in repossession orders

Mon, 13 Oct, 2008 at 16:19

The High Court has heard almost 50 applications for the repossession of homes and land. More...

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ACCBank to close seven branches

Mon, 13 Oct, 2008 at 17:16

ACCBank, which is owned by Rabobank, is to close a number of its branches. More...

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EBS latest to exit tracker mortgages

Mon, 13 Oct, 2008 at 15:53

EBS Building Society has become the latest financial institution to withdraw tracker mortgages. More...

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Management buy-out at Merrion Capital

Mon, 13 Oct, 2008 at 11:06

The management team of Merrion Capital has reached a deal to acquire all the shares held by Landsbanki. More...

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Futura Gael has 'reasonable prospect'

Mon, 13 Oct, 2008 at 18:14

Court protection for grounded charter airline Futura Gael has been extended. More...

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EU approves banks' guarantee plan

Mon, 13 Oct, 2008 at 16:00

The European Commission has approved the Government's €400 billion guarantee scheme. More...

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Lloyds TSB renegotiates HBOS takeover deal

Mon, 13 Oct, 2008 at 09:22

Lloyds TSB said today it has renegotiated its agreed takeover of rival HBOS. More...

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Chrysler chief confirms tie-up talks

Mon, 13 Oct, 2008 at 16:27

The chief executive of US car company Chrysler says it is talking to 'third parties' interesting in exploring closer links More...

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Carraig ends Andor offer talks

Mon, 13 Oct, 2008 at 18:08

Carraig Capital has ended talks on a proposed takeover of Belfast-based digital camera maker Andor Technology. More...

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Building activity continues to fall

Mon, 13 Oct, 2008 at 15:42

New figures show that conditions in the construction sector deteriorated further last month. More...

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Call for Budget to protect vulnerable

Mon, 13 Oct, 2008 at 17:47

Prominent Catholic campaigners have urged the Government to increase taxes on wealth in the Budget. More...

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Oil rallies on crisis measures

Mon, 13 Oct, 2008 at 18:35

Oil prices rallied this evening as world leaders united to tackle a financial crisis engulfing Europe and the US. More...

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Fed approves takeover of Wachovia

Mon, 13 Oct, 2008 at 11:35

The US Federal Reserve has approved Wells Fargo's takeover of troubled banking rival Wachovia. More...

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US economist Krugman wins Nobel prize

Mon, 13 Oct, 2008 at 12:36

US economist Paul Krugman won the 2008 Nobel prize for economics for bringing together analysis of trade patterns. More...

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Waterford meeting backs fund-raising

Mon, 13 Oct, 2008 at 15:49

Shareholders in Waterford Wedgwood have approved the luxury goods company's latest fund-raising moves. More...

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UK producer prices slip in September

Mon, 13 Oct, 2008 at 12:05

The cost of goods leaving British factories fell in September, partly owing to lower oil prices, new data show. More...

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Morning business news - Oct 13

Mon, 13 Oct, 2008 at 10:37

with Christopher McKevitt More...

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Today in the press

Mon, 13 Oct, 2008 at 11:20

Taoiseach Brian Cowen has said the Government will not shirk tough and unpopular decisions in tomorrow's Budget. More...