Fearghal O'Connor

Fearghal O'Connor

News from the papers - Sept 21st

News from the papers - Sept 21st

FINANCIAL TIMES

European stocks rally on "productive" Greek talks

European stocks rally on "productive" Greek talks

European stocks rallied after the biggest drop in a week as Greece described its debt talks as “productive” and investors speculated the Federal Reserve will provide more stimulus. The cost of insuring Italy’s debt rose to a record after Standard & P

Google-Oracle bosses square off over Android

Google-Oracle bosses square off over Android

Google Inc. and Oracle Corp. chief executive officers are squared off in court today to resolve a dispute that may pose the biggest threat to Google’s Android mobile software, now running on more than 150 million devices.

Petroneft revenues rise as exploration success continues

Petroneft revenues rise as exploration success continues

Irish exploration company Petroneft has reported revenue of €15.9 million for the six months ended 30th June 2011. There is no equivalent figure for the same period last year but revenue for the full year ended 31st December 2010 was €5.2 million. Th

Cost of insuring German and Italian debt jumps

Cost of insuring German and Italian debt jumps

The cost of insuring against a default on German and Italian government debt jumped to record levels as Italy’s downgrade signalled Europe’s debt crisis is spreading.

German investor confidence declines as growth outlook worsens

German investor confidence declines as growth outlook worsens

German investor confidence fell to the lowest in more than 2 1/2 years in September as Europe’s debt crisis and a global slowdown damped the outlook for growth.

Eight offshore banks under U.S. grand jury investigation

Eight offshore banks under U.S. grand jury investigation

Eight offshore banks are under federal grand jury investigation for facilitating tax evasion by U.S. citizens as part of a probe the Justice Department said has dealt “fabled Swiss bank secrecy a devastating blow.”

German Bundestag must approve future EFSF changes - Bild

German Bundestag must approve future EFSF changes - Bild

Germany’s lower house of parliament must in future approve each payment made by the European Financial Stability Facility (EFSF) or changes to the fund, the German newspaper Bild has reported.

Pfizer to invest $200m in Grange Castle biotech site

Pfizer to invest $200m in Grange Castle biotech site

Pharmaceutical giant Pfizer is to invest $200 million (€147m) at its Grange Castle biotechnology manufacturing facility in Clondalkin, Co. Dublin.

Indian company to establish software centre in Dublin

Indian company to establish software centre in Dublin

Indian based global IT services company, HCL Technologies is to establish a software delivery centre in Dublin and create 80 information technology jobs over 3 years.

Euro breakup should not be discussed - Spanish finance minister

Euro breakup should not be discussed - Spanish finance minister

Spanish Finance Minister Elena Salgado said a breakup of the euro area shouldn’t even be discussed, when urging governments to help Greece, according to a Bloomberg report.

IATA raises forecast for global airline profits

IATA raises forecast for global airline profits

The International Air Transport Association has raised its 2011 forecast for global airline profits by 73 per cent because of stronger-than-expected demand in Europe and the Middle East.

CRH leads Dublin share prices lower

CRH leads Dublin share prices lower

The ISEQ index of Irish shares fell 0.8 per cent at the open this morning. Declines in the ISEQ Index were led by CRH, Kenmare Resources and Elan Corp..

News from the papers-Sept 20th

News from the papers-Sept 20th

There are colourful photos of the Dublin football teams rapturous homecoming in all the papers but the euro crisis and macro economics continue to dominate the agenda in most papers this morning.

Italy's credit rating cut by S&P

Italy's credit rating cut by S&P

Italy’s credit rating was cut by Standard & Poor’s on concern that weakening economic growth and a “fragile” government mean the nation won’t be able to reduce the euro-region’s second-largest debt burden, say reports this morning.