Oil slipped in early New York trading on Tuesday as the dollar hit a 2-1/2 month high against the euro on concerns that Europe's debt crisis may widen and on worries over demand in China as the No. 2 consumer seeks to brake energy demand growth and cool inflation. U.S. heating oil and gasoline futures
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The euro zone's debt crisis deepened on Tuesday, with investors pushing the single currency lower and the spreads on peripheral bonds up to new highs amid concern weak member states may ultimately be forced to default. European policymakers came out in force to try to calm markets, with European Central Bank President Jean-Claude Trichet warning
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Portugal's central bank said on Tuesday the country's banks faced an "intolerable risk" unless the government manages to bring its public spending under control as it struggles to combat a debt crisis. The Bank of Portugal report spelled out a tricky scenario for the banks as concerns grew in markets over the nation's prospects of
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. Mounting bad loans, competition for funds and exposure to wobbly Portugal make Spain's banks a potential liability as the country fights to avoid an Ireland-style bailout. A burst property bubble also weighs on the sector, but the immediate worry is over the spring of next year when both the banks and the government will
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The trustee seeking to recover money for defrauded former clients of Bernard Madoff filed dozens of lawsuits on Tuesday to recover hundreds of millions of dollars, including one seeking money from an affiliate of private equity executive Thomas H. Lee. Irving Picard, the court-appointed trustee, had filed 49 lawsuits by noon in the U.S. bankruptcy
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The Oxford English Dictionary's (OED) online version was relaunched on Tuesday a decade after it first appeared on the Internet. The new version contains 600,000 words, three million quotations and covers more than 1,000 years of the English language, organisers said. As well as providing words' meanings, the online dictionary allows readers to trace the
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The Statistical Service has announced that the number of building permits authorised by the municipal authorities and the district administration offices during September 2010 stood at 717. The total value of these permits reached EUR 215.8 million and the total area 209.9 thousand square metres. These building permits provided for the construction of 903 dwelling
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The Statistical Service has announced the Turnover Value Index for a range of services sectors in the period July – September 2010. Accommodation and Food Service Activities recorded an increase of 6.6% over the same period of 2009, while Information and Communication recorded an increase of 0.6%. An increase of 6.2% was recorded on the
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The Industrial Output Prices Index for October 2010 reached 125.2 (base 2005=100), recording an increase of 0.3% compared with September 2010. For the period January-October 2010 the index increased by 3.7% compared with the corresponding period of the previous year. For Manufacturing the index for October 2010 reached 119.4, recording an increase of 0.3% compared
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– EC expects Irish GDP to expand 0.9 percent next year – Ireland forecast GDP growth of 1.75 percent next year – Growth after banking crises is particularly tough The extension of Ireland's deadline for plugging its budgetary black hole has underlined just how optimistic its growth forecasts were and the threat of a prolonged
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