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AIB raises €2bn by tapping the bond market

Allied Irish Banks yesterday became the first Irish lender to tap the bond market following the €440bn Government guarantee scheme -- raising €2bn.

Screens turn red as ISEQ plummets

Trading screens across Dublin turned red as bank shares and later industrial stocks came under the hammer as a wave of negative sentiment swept global markets.

Dems delay auto bailout vote, seek plan
... that each of them had flown into Washington aboard multimillion-dollar corporate jets. Reid observed that ... carmakers on why they haven't turned their businesses around. Beyond the auto industry, lawmakers said ...
Insurers agree on 'illness' policies

LIFE insurance companies have agreed to a common wording on what constitutes a serious illness for insurance policies.

African free trade zone is agreed
The leaders of three African trading blocs agree to create a free trade zone of 26 countries with a GDP of $624bn (£382.9bn).
Fullers upbeat amid downturn
Fuller, Smith & Turner says it is confident it will "cope well" even though the UK economic outlook did "not look good".
Retail sales bring scant comfort
Sales on the UK's High Streets fell by a lower-than-expected 0.1% in October, Office for National Statistics figures show.
Mid-City area attempts a makeover
... muffins to mull, and fret about, the Washington Boulevard corridor stretching roughly between Fairfax and ... report peeling paint on the sides of businesses, potholes, damaged street signs and trees that ...
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling crude prices, the oil cartel's president is quoted as saying.
So, is it really worth buying organic as the recession bites?

The organic movement blossomed in the boom years. From the early '90s onwards, organic sales grew on average 20pc a year, doubling in the last five years alone from €38m to €66m. It's not surprising, given how much organic food stuffs cost.

'Substantial' decline in US influence predicted
... political, economic and military influence of the United States will substantially decline over the next two ... among equals". The growing relative power of "businesses, tribes, religious organisations and criminal networks" was ...
China fears grow over job losses
Beijing says its employment outlook is "grim", amid concerns of increasing social unrest caused by economic problems.
Benefit-in-kind linked to emissions

Fionnan Sheahan and Eddie Cunningham

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