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Credit crunch syndrome hits Irish property investment in China

Irish investors in the Treasury Holdings associate company China Real Estate Opportunities (CREO) are probably pinning their hopes that the Chinese government's plans to boost its economy will also help the recovery in the share price.

In brief: Tullow strikes it rich with oil find

Tullow Oil yesterday announced another oil discovery in Ghana. The result encouraged brokers to up estimates for the nearby Tweneboa prospect, which is now believed to hold up to 750 million barrels of oil.

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.

Jobs fair seeks to lure Lithuanian workers home

A jobs fair is being held in Dublin today to encourage Lithuanians to return and find employment in their homeland.

Crude falls below $50 a barrel for first time since 2007

Oil prices plunged over $3 yesterday, briefly dipping below $50 a barrel as 16-year high US unemployment figures and plummeting stock markets caused investors to price in lower crude demand.

'Daily Mail' cuts jobs and costs

The owner of the 'Daily Mail' newspaper has axed hundreds of jobs and launched a £100m drive to boost revenues, as it becomes the latest publishing group to feel the grip of the financial crisis.

In brief: Tullow strikes it rich with oil find

Tullow Oil yesterday announced another oil discovery in Ghana. The result encouraged brokers to up estimates for the nearby Tweneboa prospect, which is now believed to hold up to 750 million barrels of oil.

As Stock Plummets, Citi On The Brink
As Stock Plummets, Citi On The Brink
Irish Life and Permanent confirms talks with EBS

Irish Life and Permanent has announced that it is in discussions with the EBS building society about how the two institutions might work together in the current market environment.

Finance Bill 'a missed opportunity to stimulate growth'

IBEC has described the Government's Finance Bill as a missed opportunity for stimulating economic growth.

Bank share recovery fails to offset drop in general market

DUBLIN shares fell yesterday after a recovery in bank shares failed to offset a drop in the general market and the ISEQ Index ended the session with a decline of 33.97 points or 1.39pc to 2416.22.

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