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Irish shares slump 75pc from peak as ISEQ hits 13-year low

THE Dublin market lost another 4.36pc of its value after a big sell-off in shares left the ISEQ Index at a new 13-year closing low.

Unemployment in US hits 16-year high point

The number of US workers filing claims for jobless benefits surged last week to their highest level in 16 years, Labor Department data showed yesterday, as a harsh economic environment forces employers to cut back on hiring.

Bord Gais may drop request for further price hike

Bord Gais is reportedly set to abandon its request for a further price increase from January.

China fears grow over job losses
Beijing says its employment outlook is "grim", amid concerns of increasing social unrest caused by economic problems.
Banks 'must kick-start lending'
Banks must start lending again or face being named and shamed, the Treasury Select Committee chairman says.
Eurozone output hits record low

Europe's manufacturing and service industries contracted in November at the fastest pace in at least a decade, extending a slump that has already pushed the economy into a recession.

Private equity consortium puts together €3bn bid for BoI

Little-known Irish investment firm Cardinal Asset Management has assembled a €2.5bn-€3bn private equity bid to recapitalise Bank of Ireland -- which could ultimately see investors cede 60pc of the country's second biggest lender.

Rolls-Royce set to cut 2,000 jobs

Rolls-Royce Group, the world's second-largest maker of aircraft engines, said it will cut as many as 2,000 jobs worldwide next year as economies slow and programs at Boeing and Airbus SAS suffer delays.

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.

Cancel that Ferrari order! Top banks axe bonuses for their executives
UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.
Poland Secures $12.6 Billion Loan Facility From ECB
Poland Secures $12.6 Billion Loan Facility From ECB
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.

Housing starts now at lowest level for 50 years

Construction of new homes in the United States plunged last month to the lowest level for nearly 50 years as builders slashed production while Wall Street nosedived.

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