Irish Sun
First published 1880 Friday 3rd September 2010 Issue 0246/8
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Jewish survivors say French Railway should lose US bidJewish survivors say French Railway should lose US bid
Holocaust survivors and the families in the US have objected strongly to a French Railway bid for high-Speed tracks in Florida, which will eventually connect Tampa and...


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Cold winter was good for GazpromCold winter was good for Gazprom
The cold winter in the first three months of the year has boosted the profits of Russia’s...
Capello delighted about Rooney's current form
England manager Fabio Capello has expressed delight over England striker Wayne Rooney's form ahead of Friday's opening Euro 2012 qualifier against...
American and British Airways to coordinate frequent flyer American and British Airways to coordinate frequent flyer
American Airlines, British Airways and Iberia have been discussing how they will work together now that European regulators have allowed them to...
Anglo closure could cost €70bn - Cowen
Taoiseach Brian Cowen has said the immediate winding up of Anglo Irish Bank could cost €70bn or more, which, he said, would not be in the interest of Irish taxpayers. He added, however, that...
Euro zone retail sales flat in July
Retail sales across the euro zone rose by a modest 0.1% in July, after a 0.2% increase in June, with drops in Germany and Spain, European Union data showed today. Portugal posted the highest monthly...
New Weak Euro Link? IMF Calls out Finland
-driven economy took a severe hit after the global financial crisis exploded in 2008, curtailing trade credit. Gross domestic product fell 8 percent last year, the worst performance in the euro area....
BP Oil Spill Costs Hit $8 Billion as Rig Probe Ends
said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the...
Hurricane Earl Passes North Carolina, Heads Toward New England
Sept. 3 (Bloomberg) -- Hurricane Earl passed off the Outer Banks of North Carolina and headed toward New England and Nova Scotia packing winds of 105 miles (165 kilometers) an hour after weakening...
German 10-Year Yield Near Two-Week High Before U.S. Jobs Data
Sept. 3 (Bloomberg) -- German 10-year government bond yields held near the highest level in two weeks as rising stocks sapped demand for fixed income before a report that’s forecast to show...
London Turns to River Boats to Combat Subway Strike
Sept. 3 (Bloomberg) -- London Mayor Boris Johnson will use 100 extra buses and a fleet of shuttle craft on the River Thames to help commuters get to work next week after talks to head off strike...
Euro-zone July retail sales see unexpected rise
FRANKFURT (MarketWatch) -- Retail sales volumes in the 16-nation euro zone rose 0.1% in July after a revised 0.2% rise in June, the European Union statistics agency Eurostat reported Friday. Compared...
POLL: Euro zone services growth steadies in August
The pace of recovery in the euro zone's dominant service sector was barely changed in August from July, according to a business survey that showed growth of the bloc’s wider private sector...
Glance-FTSE up for sixth day, U.S. payrolls in focus
By Simon Falush LONDON, Sept 3 (Reuters) - Slim gains from miners and energy firms nudged Britain's top share index slightly higher on Friday, but moves were muted ahead of closely watched August...
Euro recovery takes increasingly divergent paths: survey
Continental Europe's main economies took increasingly divergent paths towards recovery in August, with Germany and France indicating growth but Spain's services sector tipping into contraction. ...
CURRENCIES: Dollar Plays Defense Against Euro And Yen
The dollar traded mostly lower Thursday, dropping against the euro as the currency market showed little reaction to the European Central Bank's decision to hold interest rates...
CURRENCIES: Spain Bond Auction Lifts Euro Ahead Of ECB
) of five-year debt, which helped ease concerns about sovereign debt in the 16-nation euro zone. Eurostat, the European Union statistics agency, on Thursday said second- quarter gross domestic...
Keane confident of Euro qualification
Robbie Keane will channel the bitter disappointment of the Republic of Ireland's World Cup exit into the quest for Euro 2012 qualification. Keane is hoping the lessons the Republic learned during a...
Companies Shunning Banks on Stress Tests Doubts
Corporate treasurers from groups with revenues of more than $240 billion told the Financial Times they were conducting their own tests to gauge for themselves banks’ robustness. What we are...
Austerity Equals Confidence: Trichet
“Not because it is an elementary recommendation to care for your sons and daughter and not overburden them, but because it is good for confidence, consumption and investment today," he...
Strong Yen Helps to Fuel Germany’s Export Boom
Business But the yen’s recent strengthening is playing a role in Germany’s export boom as well. The euro has fallen 19 percent against the yen in the last year, nearly double the decline against...
Roche to Cut Costs, Review Business After Setbacks
Swiss drugmaker Roche Holding will review its business and cut costs to cope with recent setbacks on key drugs and rising pressures on prices from healthcare reforms, it said on...
Euro Zone Services Growth Steadies in August
The pace of recovery in the euro zone's dominant service sector barely changed in August from July, according to a business survey that showed growth of the bloc's wider private sector slowed...
BP Says Cost of Gulf Spill Hits $8 Billion
The oil company said more than 28,000 people and 4,000 vessels are still engaged in responding to the spill. BP says no oil has flowed from the well since July...
Swedish bank Carnegie buys troubled competitor
STOCKHOLM – Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week. Carnegie said it has...
Dollar Heads for Weekly Loss Versus Euro, Yen Before Jobs Data
Sept. 3 (Bloomberg) -- The dollar headed for a weekly loss against the euro and yen before a U.S. report forecast to show American employers cut jobs last month, damping demand for assets in the...
Roubini Says Dollar, Franc May Beat Gold in Recession
Sept. 3 (Bloomberg) -- New York University Professor Nouriel Roubini said the dollar, the yen and the Swiss franc may be a better investment than gold if the world economy slips back into...
BP’s Gulf of Mexico Oil Spill Response Costs Rise to $8 Billion
Sept. 3 (Bloomberg) -- BP Plc said the cost of its response to the Gulf of Mexico oil spill, the worst in U.S. history, has reached about $8...
Cameron Austerity Makes U.K. Debts World Beater: Credit Markets
Sept. 3 (Bloomberg) -- British companies are beating the world in the bond market as investors bet Prime Minister David Cameron’s efforts to tame the budget deficit will preserve the...
Euro-zone Aug. composite PMI slips to 56.2
FRANKFURT (MarketWatch) -- Activity in the 16-nation euro zone's private sector saw slower growth in August, data showed Friday, with the Markit euro-zone August composite purchasing managers index...
Euro steady ahead of US jobs report
The euro bought $1.2815 in Friday morning European trading, close to its level of $1.2812 in New York late Thursday. The British pound edged up to $1.5411 from $1.5389 and the dollar was unchanged at...
Tullamore firm wins €4m EU grant
A company based in Tullamore, Co Offaly, is to benefit from a €4m EU research grant after receiving top ranking in a list of projects submitted to the European Commission earlier this year. ...
Fyffes report €2.3m fall in profits
Fruit importer and distributor Fyffes has blamed difficult trading conditions for a €2.3m fall in profits for the first six months of the year.The company's pre-tax profits up until June 30 this...
EU reaches deal on cross-border financial supervisors
BRUSSELS (AFP) – Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector...
Romanian PM shakes up cabinet
BUCHAREST, Romania – Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit. Romania...
China reserves 65% in dollars, 26% in euro: report
LOS ANGELES (MarketWatch) -- China's $2.45 trillion foreign exchange reserves consist of approximately 65% in U.S. dollars and 26% in euros, according to a state media news report Friday. The...
Capello looks to silence critics in Euro opener
England football manager Fabio Capello attends a team training session in London. Capello launches his quest for redemption on Friday knowing only a convincing victory by a makeshift England team...
Glance-FTSE ends up slightly; U.S. jobs data awaited
By Tricia Wright LONDON, Sept 2 (Reuters) - Britain's top share index closed a touch higher on Thursday after a lacklustre day of trading following a powerful advance the day before, with investors...
Spain eye Euro 2012 treble as football qualifiers kick off
PARIS (AFP) – Conquerors of Europe and then the world, Spain will be seeking to complete an unprecedented treble when they embark upon their qualifying campaign for the 2012 European...
European Economics Preview: Eurozone Retail Sales Data Due
(RTTNews) - Retail sales and services PMI data from the eurozone along with services PMI data from the U.K. are due on Friday, headlining a busy day for European economic news. All times in ET.Major...
Israel beats Malta 3-1 in Euro 2012 qualifying
Israel's Yossi Benayoun, center, reacts after scoring a goal against Malta during Euro 2012 Group F qualifying soccer match in Ramat Gan stadium in Tel Aviv, Israel, Thursday, Sept. 2, 2010. (AP...
Currys' owner gets 3pc boost in sales due to World Cup
Sales of TVs in the run-up to the World Cup helped to boost like-for-like sales at Currys and PC World owner DSG International by 3pc in the three months to July 24, the retailer revealed...
Profits in Desmond's Latvian bank plummet by 66pc
Pre-tax profit at Rietumu Banka, the Latvian bank in which financier Dermot Desmond has a one-third stake, slumped 66pc to Lat2.85m (€4.02m) in the six months to the end of June, according to...
U.S. Issues Storm Warnings for New England as Earl Approaches
Sept. 3 (Bloomberg) -- Tropical storm warnings were issued for parts of the New England coast as Hurricane Earl, which weakened to Category 2 strength, continued to move north near the U.S. eastern...
BHP Pledge on Potash Jobs Would Get Deal Approved, Lawyers Say
Sept. 3 (Bloomberg) -- BHP Billiton Ltd. would get Canadian approval for its $40 billion hostile bid for Potash Corp. of Saskatchewan Inc. by pledging to preserve head-office jobs and support a...
Euro Set for Bullish Reversal Versus Pound: Technical Analysis
Sept. 3 (Bloomberg) -- The euro may advance to a three- month high against the pound after the shared currency’s recent sell-off failed to set a new low for the first time since February, RBC...
Forex - ECB ups eurozone growth forecasts
The European Central Bank remains worried about the speed of economic growth across the eurozoneThe European Central Bank (ECB) has raised its forecast for eurozone growth for this year and next...
Novartis Malaria Drug May Yield First New Treatment in 30 Years
Sept. 3 (Bloomberg) -- An experimental Novartis AG medicine that killed drug-resistant malaria in laboratory studies may become the first new class of treatment against the disease in 30 years,...
American Jihadist’s Haven May Be U.S. Courtroom: Ann Woolner
Sept. 3 (Bloomberg) -- If any American deserves to be killed by his own government when far away from a traditional battlefield, it is the U.S.-born radical cleric Anwar al-Awlaki, assuming certain...