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Ahern calls for calm in face of 'pessimistic' growth forecast
TAOISEACH BERTIE Ahern has called for a calm approach to the
economy and warned against "short-term, knee-jerk reactions" which,
he said, would cause unnecessary damage to long-term prospects. p
Irish financial institutions borrowed €39.4bn from ECB in 2007
IRISH-BASED financial institutions had borrowed €39.4
billion from the European Central Bank (ECB) through its funding
system at the end of 2007, 45 per cent more than a year earlier,
according to figures provided by the Irish Financial Services
Regulatory Authority. p
Fifa blows full-time whistle on Irish subsidiary
FOOTBALL'S WORLD governing body Fifa has decided to give its
Irish subsidiary the boot. p
Other Stories
PwC partners try to broker DCC/Fyffes deal Settlement sought before court decides on damages arising from insider dealing case
TWO PARTNERS from Price Waterhouse Cooper (PwC) are attempting to broker a settlement between DCC and Fyffes over the damages arising from the lengthy insider dealing litigation between the two companies. pGovernment puts break-up of ESB on hold for cost and impact study
GOVERNMENT PLANS to break up the ESB so that ownership of the national electricity grid passes to Eirgrid have been deferred until an independent study on the costs, benefits and impact of the transfer is completed. pEuro-zone inflation hits 3.3% high
EURO-ZONE INFLATION fears were stoked further yesterday when February's rate was revised upwards to a fresh 14-year high of 3.3 per cent, strengthening the case of the European Central Bank (ECB) for keeping its interest rates firmly on hold. pEircom music case may set digital precedent
Analysis: ISPs across the EU will monitor the major labels' action, writes John Collins pAga set to change its group name
AGA FOODSERVICE Group is to change its name and return £140 million (€180 million) to shareholders in its first full year as a dedicated consumer business. pWavin to lay off 50 due to building slump
SOME 50 jobs are to be lost in Dublin, Cork and Lisburn, Co Antrim, following a decision by plastic pipe manufacturer Wavin to lay off almost one-quarter of its Irish workforce. pDollar falls to 12-year low against the yen
THE US dollar sank below 99 yen, to the weakest level in 12 years, and slumped to a record low versus the euro after JPMorgan Chase and the New York Federal Reserve bailed out Bear Stearns, as credit market losses widen. pFed aid to Bear Stearns a rare act
Yesterday's action by the Federal Reserve marks the first time since the 1960s that the US central bank has authorised the provision of emergency finance to any financial institution other than a regulated deposit-taking bank. pMecom under pressure as paper group loses £23.8m
BANGOR-BORN executive David Montgomery is facing growing
pressure after the pan-European newspaper group controlled by his
private-equity firm, Mecom, registered a loss of £23.8 million
(€30.7 million) for 2007. pCheltenham bounce lifts Paddy Power 10% over week
Dublin Report: THE ISEQ fell below the 6,000-point mark yesterday for the first time since May 2005 as Irish equities fell 1.15 per cent to 5,999.75, continuing the downward trend of recent months. pIn Short
A round-up of today's other stories in brief p
