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    RTE RSS News Feed


ECB puts rates up to 7-year high
The European Central Bank raised its main interest rate by a quarter of a point to a seven-year high point of 4.25% today to choke record inflation.
 
 
$250 forecast as oil hits a new peak
The price of oil set a record high above $146 a barrel earlier today.
 
 
Services index falls at record rate
Figures released this morning show that activity in the service sector of the economy fell at a record rate last month.
 
 
Broadband up to speed by 2012 - Ryan
The Communications Minister has unveiled a ten-point plan to extend and enhance broadband services.
 
 
Ombudsman concern over ISTC bonds
The Financial Services Ombudsman has expressed serious concern about how bonds were sold on behalf of ISTC.
 
 
Hiestand shareholder wants better deal
A shareholder in Hiestand, which is being taken over by IAWS, intends to take legal action.
 
 
US jobs go as service sector shrinks
Official figures show that US employers cut jobs for the sixth straight month in June.
 
 
Ryanair ups Aer Lingus stake to 29.82%
Ryanair last night said that it had raised its stake in Aer Lingus to 29.82%.
 
 
June new home figures down 66%
The number of new homes registered in June fell by two-thirds compared with the same month last year.
 
 
Economy not facing Armageddon - Cowen
Taoiseach Brian Cowen has urged people to stop talking as if the economy is facing 'Armageddon'.
 
 
Unions' BoI action off after deal
Next Tuesday's 24-hour strike at Bank of Ireland over cuts in bonus payments is to be deferred.
 
 
Origin buys 20% stake in East European firm
Origin Enterprises has bought a 20% stake in Continental Farmers Group, based in Poland and the Ukraine.
 
 
Euro zone retail sales stronger than expected
Retailers in the euro zone saw stronger sales than expected in May, new figures show today.
 
 
UK credit conditions to tighten further - BoE
The credit squeeze for UK households and businesses looks set to intensify over the coming months, the BoE says.
 
 
Property firms cutting workforces
Ballymore has announced up to 50 job cuts in its global operations as it reorganises its business.
 
 
Mozilla claims Guinness Record for downloads
Mozilla said it has set a new Guinness World Record for the largest number of software downloads in 24 hours.
 
 
Dairy weakening affecting Donegal
Donegal Creameries had a solid performance in the first half of this year, apart from its dairy business.
 
 
Kerviel assistant could be charged
French prosecutors are seeking charges against the assistant of Jerome Kerviel.
 
 
Bonds raise €600m for airport body
Dublin Airport Authority's financing division, DAA Finance, has raised €600m through the issue of ten-year bonds.
 
 
Morning business news - July 3
with Emma McNamara from Frankfurt
 
 
Today in the press
Insurance giant Axa is shedding 120 jobs from its Dublin office, the Irish Independent has learned.
 
 
5.15pm Markets Update
European stock markets rose in volatile trade as banks gained after remarks by ECB president Jean-Claude Trichet
 
 


Todays news!
4 July 2008
ECB puts rates up to 7-year high
The European Central Bank raised its main interest rate by a quarter of a point to a seven-year high point of 4.25% today to choke record inflation.
$250 forecast as oil hits a new peak
The price of oil set a record high above $146 a barrel earlier today.
Services index falls at record rate
Figures released this morning show that activity in the service sector of the economy fell at a record rate last month.
More stories from RTE News Feed here

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