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CREO moves on stake in complex

China Real Estate Opportunities (CREO) -- the Chinese division of Irish developer Treasury Holdings -- has taken an option to buy a 25.65pc stake in a €435m office and retail complex in the Chinese capital Beijing.

Bank of Ireland shares surge on takeover reports

Bank of Ireland Plc, the country's biggest lender by assets, climbed in Dublin trading on reports that U.S. buyout firms are preparing to buy a stake in the bank.

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.

Bernanke Leaves Door Open to Further Rate Cuts
Warning that financial markets remain under "severe strain," Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut to help brace the sinking U.S. economy.
'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.

Relief for consumers as gas price hike scrapped

CONSUMERS will not face higher gas bills in January and Bord Gais may even cut charges next year, the Irish Independent can reveal.

'Lenihan levy' finally targets top earners

THE country's highest earners were hit hard yesterday as the Government introduced a new 3pc levy on those earning more than €250,000 a year.

Manufacturing and service activity sinks to record lows

Eurozone service and manufacturing business activity sank much further and faster than expected in November to record lows, pushing some economists to call for larger rate cuts from the European Central Bank.

United Drug enjoys €70.5m profits despite fall in sterling

United Drug reported a pre-tax profit of €70.5m for its fiscal year, despite taking a hit on sterling's decline in value.

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.

Bernanke, Paulson Defend Bailout in Testimony
The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue.
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.

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