The Financial Times is reporting Facebook is weeks away from obtaining regulatory approval in Ireland for a service that would allow users to store money on the social website, with CNBC's Andrew Ross Sorkin.» Read More
DUBLIN— Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal— the first convictions to stem from a banking crisis that brought Ireland to the brink of national bankruptcy.
LONDON, April 15- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
Federal Reserve chairman Ben Bernanke visits India. CANBERRA, Australia- RBA Assistant Governor Guy Debelle speaks to the Economic Society of Australia in Canberra- 0230 GMT. DUBLIN- Irish financial regulator Cyril Roux speaks at conference on' The Future of Prudential Regulation'- 0900 GMT.
LUXEMBOURG— European Union foreign ministers decided Monday to sanction more Russians with asset freezes and visa bans as a sign of the trade bloc's outrage over Moscow's ongoing interference in Ukraine, a high-ranking EU official announced.
DUBLIN, April 10- Ireland sold 1 billion euros of 10- year debt as planned on Thursday, bettering the record low yields achieved last month at its first regular auction in four years.
April 8- Alkermes Plc said it planned to seek U.S. marketing approval for its experimental drug to treat the symptoms of schizophrenia after it succeeded in a late-stage study, sending the company's shares up as much as 11 percent. The growing market for atypical antipsychotics for schizophrenia was worth $4.5 billion in the United States, Pops said.
FRANKFURT, April 7- A deal struck by Ireland last year to ease the burden of its bank debt raises serious monetary financing concerns but they could be mitigated to some extent by bond sales tied to the debt swap, the ECB said on Monday.
April 7- Specialty pharmaceuticals company Mallinckrodt Plc will buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its lucrative drug to treat multiple sclerosis, Acthar Gel.
April 7- Specialty pharmaceuticals company Mallinckrodt Plc will buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its lucrative drug to treat multiple sclerosis, Acthar Gel. This acquisition, Mallinckrodt's second deal in less than two months, highlights its efforts to tap into the fast-growing specialty drugs market.
FRANKFURT, April 7- A deal struck by Ireland last year to ease the burden of its bank debt raises serious monetary financing concerns although they could be mitigated to some extent by bond sales tied to the debt swap, the ECB said on Monday.
*Popular in talks with Citi over Spanish retail unit. MADRID, April 4- Banco Popular said on Friday it was in talks to buy Citigroup's retail banking and credit card business in Spain, where other foreign players struggling to compete with local banks after a financial crisis have considered exits.
April 1- The U.S. Food and Drug Administration found that a drug ingredient manufactured at a GlaxoSmithKline Plc plant in Ireland was contaminated and said the company did not take sufficient action to resolve the problems.
FDA said GSK did not fully investigate a list of objectional conditions the regulator sent after its inspection of the manufacturing plant at Cork, Ireland in October. The FDA said its investigator found that a certain drug ingredient, the name of which was not disclosed, was contaminated with material from the plant's pharmaceutical waste tank.
April 1- The U.S. Food and Drug Administration found contamination of drug ingredients manufactured at a GlaxoSmithKline Plc plant in Ireland and said the company did not take sufficient action to resolve the problems.
Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth fund, has been interviewing investment banks in the last few weeks to hire underwriters for an IPO, the sources said on Thursday.
March 25- Mobile game maker King Digital Entertainment Plc said that its IPO was priced at $22.50 per share, which would value the maker of "Candy Crush Saga" at about $7.08 billion when it goes public on Wednesday.
*Banks in Spain, Germany fail to get opt-outs- sources. FRANKFURT, March 24- The European Central Bank's determination to subject the euro zone's largest banks to the same, rigorous checks is being tested, with countries lobbying for their banks to be treated differently and lenders asking for their workload to be eased.
Discussing the growing business environment in Ireland since its exit from the European Union bailout, with Barry O'Leary, IDA Ireland CEO.
Conall MacCoille, chief economist at Davy Stockbrokers, says Ireland is currently in a "pretty strange kind of recession" as, despite the poor GDP data, underlying conditions are "much more positive."
CNBC's Catherine Boyle discusses the Irish economy and whether the country is undergoing a real recovery.