News From Europe
RTE Business News

Irish borrowing costs edge lower
The cost to the State of borrowing money on international markets has begun falling, helped by an earlier successful acution of short-term debt.
First yearly rise in inflation since 2008
New figures show that consumer prices rose by 0.2% in August compared with the same time last year.
New measures may be needed - OECD
The OECD has warned that the world economic recovery is slowing down more quickly than expected.
Forum hears 5-year wage freeze call
The boss of Glen Dimplex says a five-year wage freeze is needed for Ireland to regain competitiveness.
Schering-Plough looking for 160 job cuts
The workforce at the Schering-Plough pharmaceutical plant in West Cork is to be cut by 160.
Step up budget checks, says Trichet
The European Central Bank chief has called for a 'quantum leap' in budget checks on euro zone nations.
Banks hit Irish competitiveness ranking
A report has placed Ireland bottom of a list of 139 countries worldwide for the state of its banks.
EU drawing up new corporation tax plans
The European Commission is drawing up plans on the way corporation tax is co-ordinated across the EU.
The number of Americans filing new claims for jobless benefits fell faster than expected last week.
Lenihan says Anglo plan will bring certainty
The Finance Minister says the Anglo plan is not a 'silver bullet' in creating confidence in the banking industry.
Aer Lingus 'has stopped copying Ryanair'
The chief executive of Aer Lingus has said he expects demand for air travel to stay depressed into next year.
UK rates on hold for 18th month in a row
The Bank of England kept its emergency support for the UK economy by keeping rates at 0.5% for the 18th month in a row.
Deloitte & Monghan's Shabra seeking new staff
Deloitte Ireland is currently recruiting for up to 200 positions across the firm.
UCD-based Socowave wins €3m funding
A company based at NovaUCD has secured €3m in funding from investors led by Balderton Capital.
UK watchdog hits Goldman Sachs with fine
A British watchdog hit Wall Street bank Goldman Sachs with a huge fine of £17.5m sterling today.
German inflation slows to 1% in August
German inflation slowed slightly in August, official data confirmed today.
Regulator fines two insurance firms
The Financial Regulator has fined two insurance companies €26,600 each.
Petroneft half-yearly losses increase
Exploration company Petroneft Resources has reported a net loss of $5.3m for the six months to June.
Morning business news - September 9
Sweden used to be the bad word in world banking, but that has now changed to Ireland.
Some 21 months after the nationalisation of Anglo Irish Bank, the Government has finally decided what it wants to do with Ireland’s most toxic bank.
European stock markets rallied this evening as investors welcomed new data from the US.





