Business News
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ISEQ closes the week a tad higher
05:36 PM24 May 2013
The ISEQ shook off three days of losses today to close the week slightly higher despite unease in global markets over the direction the US Fed will take on its stimulus package.
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News Corp begins spin off process
05:21 PM24 May 2013
News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.
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Euro equities struggle to make headway
04:48 PM24 May 2013
European shares fell for a second consecutive session today, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus.
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Intel spend USD1.5m on research in Cork
04:13 PM24 May 2013
Intel today announced details of the second phase of its research investment at Ireland's leading ICT research Institute, the Tyndall National Institute at University College Cork.
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Iceland PM rejects EU, embraces EU goals
04:10 PM24 May 2013
Iceland must find stability by aiming for the same economic goals as those set for EU states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said.
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Wall St falls as Fed plan is eyed
03:23 PM24 May 2013
U.S. stocks fell at the open today, putting Wall Street on track for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
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Atlantic research treaty inked in Galway
03:00 PM24 May 2013
Ireland, and Galway in particular, today sees the signing of an historic agreement between the EU, the US and Canada, all of whom share a North Atlantic coastline.
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HSBC Chairman seeks regulatory reform
02:56 PM24 May 2013
HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance.
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Petroceltic gives up on Bulgarian well
02:52 PM24 May 2013
Irish energy prospector, Petroceltic International today said it will abandon an exploration well off the Bulgarian coast that failed to yield enough gas to justify commercial production.
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Global oil prices set for a big fall
02:38 PM24 May 2013
Oil was poised to post its biggest weekly loss in more than a month as Brent fell below $102 per barrel today, pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
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