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Debt outlook for builders CRH lowered to 'negative'

THE outlook on CRH debt has been lowered by ratings agency Moody's who cited the firm's high exposure to the weak building materials markets in the Americas and an expected weakening in cash flow as it moved the outlook on the company's debt from 'neutral' to 'negative'.

Mazda buys its shares from Ford
Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
Yugo gone
Serbia's iconic vehicle finally runs out of road
Formation Group facing a €13m hit after collapse of Landsbanki

The company which acts as agent for Irish international footballer Richard Dunne and Sunderland manager Roy Keane faces a possible €13.6m hit as a result of the collapse of Icelandic bank Landsbanki.

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.

Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
'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.

Citigroup chief moves to allay fears over future

A question mark loomed last night over the future of Citigroup's Irish division as speculation grew in the US that the company was planning to sell off parts or all of the company.

Rwandan growth could reach 10%
Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, its central bank says.
In from the cold
There are signs of Belarus emerging from isolation
Dell sees quarterly profits slip
US computer maker Dell sees its quarterly profits fall as customers around the world buy fewer computers.
Santander snubs UK shareholders
The giant Spanish bank Santander has excluded 1.8 million UK shareholders from taking part in a new share issue.
Japan keeps rates on hold at 0.3%
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.

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