February, 2011 | Refinancing

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Archive for February, 2011

Irish resident bank deposits fell €1.2bn in January 2011; Domestic banks had borrowings of €96bn from European Central Bank

February 28th, 2011

The Central Bank said today that Irish resident bank deposits fell €1.2bn in January 2011 and domestic banks had borrowings of €96bn from the European Central Bank.

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Irish mortgage loans totalling €4.7bn were issued in 2010 – – a drop of 41.2% on 2009

February 28th, 2011

Irish mortgage loans totalling €4.7bn were issued in 2010, a drop of 41.2% on 2009 according to a report issued today.

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Eurozone annual inflation in January 2011 revised down to 2.3%

February 28th, 2011

Eurozone annual inflation was 2.3% in January 2011, up from 2.2% in December 2010. A year earlier the rate was 0.9%. Monthly inflation was -0.7% in January 2011.

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Markets News Monday: Aer Lingus returns to profit in 2010; Kingspan reports first sales revenue rise in 3 years

February 28th, 2011

Markets news on stocks, currencies and commodities; Aer Lingus returns to profit in 2010; Kingspan reports first sales revenue rise in 3 years.

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European leaders – – including Ireland’s Enda Kenny – – facing March 25 deadline to agree permanent Eurozone reform measures

February 28th, 2011

European leaders including Ireland’s Enda Kenny, who is expected to become taoiseach on March 9th, are facing a March 25 deadline to agree permanent reform measures for the Eurozone.

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Monday Newspaper Review – Irish Business News and International Stories – – February 28, 2011

February 28th, 2011

Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.

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The maturing of Irish democracy

February 28th, 2011

The crushing defeat of  Fianna Fáil in the General Election is a clear signal of the maturing of Irish democracy in the aftermath of a largely self-inflicted economic collapse.

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Warren Buffett says America’s best days lie ahead; Overall investment gain 1964-2010: 490,409%

February 28th, 2011

Warren Buffett, America’s most famous investor and freshly minted as a winner of the Presidential Medal of Freedom, said in his annual letter to shareholders, published on Saturday, that “In 2011, we will set a new record for capital spending  — $8bn – – and spend all of the $2bn increase in the United States.” On the nation’s prospects, he said: “Now, as in 1776, 1861, 1932 and 1941, America’s best days lie ahead.” The overall investment gain in the period 1964-2010 was 490,409%.

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Japan’s manufacturing sector conditions improve in February at fastest rate since June 2010

February 28th, 2011

Japan’s manufacturing sector PMI survey data pointed to a solid improvement in February as output growth quickened in response to greater inflows of new business. As a result, backlogs of work rose for the first time in eight months, while employment growth accelerated. Meanwhile, cost inflation hit a twenty-eight month high, but this was insufficient to prevent another decline in factory gate charges, as strong competitive pressures continued to restrict firms’ pricing power.

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-Alternative Alternatives- investment funds start 2011 slightly negative, returning -0.55% in January after double digit returns in 2010

February 25th, 2011

Opalesque Ltd., a leading provider of online information services to the alternative investment industry, today announced the preliminary results of the Opalesque A SQUARE (‘alternative-alternatives’) indices covering the performance of niche alternative investment funds.

Finance News