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  • DUBLIN, Jan 28- Bank of England Governor Mark Carney urged the euro zone to take the controversial step of turning its currency area into a fiscal union in order to escape its slow-growth debt trap- a call likely to be rebuffed by Germany. Such calls have previously met with resistance from Germany and some other euro zone countries who fear their taxpayers could...

  • Trading ECB buying bombshell—1 week later Wednesday, 28 Jan 2015 | 7:00 AM ET
    A euro sign sculpture is seen in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany.

    A European exporters ETF, U.S. Treasurys and even Norwegian oil companies are among the favorite plays from the cross-asset experts in this article.

  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras named a cabinet of anti-austerity veterans and halted privatisation of Greece's biggest port on Tuesday, signalling he aims to stick to election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist...

  • ZURICH, Jan 27- UBS said on Tuesday it had introduced a charge on deposits for certain large account balances in Switzerland, in a move which follows the surprise jump in the Swiss franc's exchange rate earlier this month. The Swiss National Bank shocked financial markets on Jan. 15 by removing a three-year-old cap on the franc's value against the euro and...

  • Jan 27- Pfizer Inc reported stronger-than-expected quarterly sales due to cost cuts and demand for its vaccines and cancer drugs, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar. Excluding special items, Pfizer earned 54 cents per share. Pfizer forecast 2015 earnings of $2.00 to $2.10...

  • *Varoufakis says will not "put up or shut up". ATHENS, Jan 27- Economics professor Yanis Varoufakis confirmed he would become Greece's next finance minister on Tuesday, promising to defy advice to "put up or shut up" and find solutions that favor all Europeans rather than just Greeks. After two years of waiting in the wings, Prime Minister Alexis Tsipras and his Syriza...

  • DUBLIN— Aer Lingus said Tuesday it supports a takeover bid by British Airways parent IAG, putting the Irish national airline with its trademark shamrock tailfins on course for foreign acquisition nine years after its privatization. The government, which retained a 25.1 percent share when it privatized Aer Lingus in 2006, opposed Ryanair's ambitions and has...

  • DUBLIN— Aer Lingus board backs takeover bid by British Airways parent, needs Irish government support.

  • Seagate misses Street 2Q forecasts Monday, 26 Jan 2015 | 8:09 AM ET

    DUBLIN— Seagate Technology PLC on Monday reported second-quarter results and a third-quarter revenue forecast that missed Wall Street expectations. Seagate reported second-quarter net income of $933 million, or $2.78 per share, compared with $428 million, or $1.24 per share, in the same quarter a year ago. Seagate shares fell $5.90 to $58.08 in afternoon...

  • DUBLIN— Aer Lingus announced Monday that British Airways parent IAG has made an improved takeover offer of 2.55 euros per share, and the board of the Irish airline says it is considering the proposal. Instead, Aer Lingus said acceptance of IAG's all-cash offer would require "irrevocable commitments" from the two biggest shareholders: rival budget carrier...

  • DUBLIN— Aer Lingus confirms new IAG takeover bid for Irish airline, mulls offer of 2.55 euro per share.

  • DUBLIN— Officials say the parent company of British Airways has made a third, improved takeover approach to Irish airline Aer Lingus and an announcement of the offer is expected Monday. Over the past month Aer Lingus has rejected two lower-priced proposals from IAG, created in 2009 by the merger of British Airways and the Spanish airline Iberia.

  • FRANKFURT/ LONDON, Jan 22- Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.

  • Covidien beats 1Q profit forecasts Thursday, 22 Jan 2015 | 8:15 AM ET

    DUBLIN _ Covidien PLC on Thursday reported fiscal first-quarter earnings of $511 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Covidien shares have increased slightly since the beginning of the year, while the Standard& Poor's 500 index has decreased slightly more than 1 percent.

  • In an interview with Reuters, John Wojick, Boeing's vice president for global sales& marketing, echoed a consensus among participants at a Dublin finance gathering that the slide in oil prices would not significantly undermine new jet demand. Delegates at this week's Airline Economics conference said the drop in oil could reduce the premium Boeing and rival...

  • DUBLIN, Jan 21- Demand for the latest generation of fuel-efficient narrowbody jetliners remains "very strong" despite the recent oil price slump, the planemaker's top sales official said on Wednesday. Pricing for aircraft like the narrowbody 737 MAX, a revamped version of Boeing's best-selling model with new fuel-saving engines, remains "solid", Wojick said.

  • DUBLIN, Jan 20- Airlines enjoying a $100 billion windfall from lower oil prices this year are being urged not to let up on cost controls which helped them survive the recent oil price boom. Gerry Laderman, treasurer at United Continental Holdings, said that if oil prices stayed low, airlines could find themselves generating more cash than they expected.

  • Ted Christie, chief financial officer at low-cost carrier Spirit Airlines, said airlines had "very expensive systems and people thinking about how to maximise revenue, and they should do that regardless of the oil price." Politicians and consumer groups in the United States and Europe have called on airlines to cut fares. And on Jan. 7, as North Sea oil prices hit a...

  • Oil price fall gives lease of life to old planes Monday, 19 Jan 2015 | 4:03 PM ET

    "We are seeing a big pick-up in demand for aircraft we thought we would scrap," Aengus Kelly, chief executive of AerCap, told the Airline Economics conference in Dublin. AerCap, the world's largest independent leasing company, has recently leased out older passenger aircraft and freighters such as Airbus A340s, Boeing 747 s and 757 s, rather than sending them to be...

  • FRANKFURT, Jan 19- Germany's Bundesbank is mounting a last-ditch drive to limit money-printing by the ECB, hoping either to soften the blueprint or delay decisions on key parts beyond this week, people familiar with the debate say. With markets primed for a European Central Bank announcement on Thursday, Germany's central bank is worried that a program to buy...