Markets news on stocks, currencies and oil; US GDP revised up; Weekly jobless benefit claims fall.
New Irish house purchase loans were higher than repayments in August 2010; Meanwhile, Irish banks owed €60.4bn to the European Central Bank
Irish loan draw-downs relating to house purchase were higher than repayments in August 2010. Meanwhile, Irish banks had borrowing of €60.4bn from the European Central Bank.
Eurozone annual inflation is expected to be 1.8% in September 2010 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was 1.6% in August.
Markets News Thursday: US House of Representatives votes to sanction China for currency undervaluation
Markets news on stocks, currencies and commodities; US House of Representatives votes to sanction China for currency undervaluation.
Irish Bank Rescue: Anglo Irish cost to rise to at least €29.3bn; AIB requires €3bn in additional capital; Irish Nationwide to receive €2.7bn; Ireland’s Debt/GDP ratio to rise to 98.6% in 2010
Irish Bank Rescue: The Government announced this morning a final estimate for the cost of the Anglo Irish Bank bailout of at least €29.3bn; AIB will require an additional €3bn in funding and Irish Nationwide will receive an additional €2.7bn . Ireland’s General Government Debt to GDP (gross domestic product) will rise to to 98.6% this year.
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Minister of Finance Brian Lenihan has warned that the the failure of the nationalised former builders’ bank Anglo Irish Bank would “bring down” the country, as the Financial Regulator and Department of Finance prepare to disclose the total cost of rescuing the lender that is being prepared to be wound down over several years.
Japanese manufacturing PMI fell in September for first time in 15 months; Government data showed industrial output fell in August for third straight month
Japanese manufacturing sector PMI fell in September for first time in 15 months and at 49.5, down from 50.1 in August, the seasonally adjusted headline Nomura/JMMA Purchasing Managers’ Index (PMI) fell below the neutral 50.0 threshold in September, pointing to the first month-on-month deterioration in Japanese manufacturing sector operating conditions since June 2009. Meanwhile, government data Thursday showed that industrial output fell in August for the third straight month — down 0.3% from the previous month, following a 0.2% dip in July, the Ministry of Economy, Trade and Industry said.
Labour’s new leader Ed Miliband likes targets and private finance initiative hospitals, and doesn’t like the switch to GP commissioning consortia, the Health Policy Insight website reported. (Source: HSJ)
Markets News Afternoon: Irish Central Bank Commission members appointed; UK mortgage approvals fell in August; France introduces tough 2011 budget
Markets news on stocks, currencies and oil; Irish Central Bank Commission members appointed; UK mortgage approvals fell in August; France introduces tough 2011 budget.