Business News Ireland

European Union President calls for frank debate on growth

The President of the European Union Herman Van Rompuy has today called for a "no taboos" debate on how to boost growth and create jobs....

Stock markets up after G8 summit

Assurances that world powers want debt-laden Greece to remain in the euro helped support world stock markets today after sharp losses over the past week....

Asian markets mixed

HONG KONG: the Hang Seng index closed down 29.5 at 18922.3....

Spain banks 'do not need EU rescue'

Spain’s banks do not need to be bolstered with European money as suggested by France, the country’s economy minister said today....

Waterstones to sell Amazon Kindle e-readers

Waterstones unveiled a partnership with the internet giant Amazon today in a move that will see it offer Kindle e-reading devices through its shops....

Dow Jones down at close

NEW YORK: the Dow Jones closed down 73.1 at 12369.4....

Yahoo sells half of Alibaba stake

Yahoo has agreed to sell half of its 40% stake in Chinese e-commerce group Alibaba for about $7.1bn (€5.5bn), securing a financial lifeline for the struggling US internet company....

Nasdaq 'embarrassed' by Facebook debut glitch

The chief executive of Nasdaq said the stock exchange is “humbly embarrassed” by its bungling of Facebook’s hugely anticipated debut as a public company on Friday....

Ryanair profits up 25%

Ryanair boss Michael O’Leary unveiled record profits for the airline today but admitted it is unlikely there will be a repeat performance this year....

China premier promises 'proactive fiscal policy'

Chinese premier Wen Jiabao has called for more priority to be given to boosting China’s slowing economic growth, a state news agency reported, after unusually weak industrial activity in April prompted alarm about the world’s second-largest economy....