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Ireland

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  • *Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.

  • *Ireland to lead peripheral economies. Oct 16- It is still unclear whether the European Central Bank's stimulus measures will have a material impact on inflation, according to economists in a Reuters poll, who said sovereign debt purchases could help boost the euro zone economy. The currency bloc is stuck in a quagmire of weak growth and falling inflation with...

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin- based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. pharmaceutical company AbbVie has pulled the plug on its plan to buy Dublin- based drugmaker Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • Irish tax policy 'punishing' SMEs: Pro  Wednesday, 15 Oct 2014 | 4:30 AM ET

    Declan Ganley, Chairman and CEO of Rivada Networks, says domestic tax policies in Ireland are hurting small- and medium-sized businesses.

  • Oct 14- AbbVie Inc said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound merger with Shire Plc due to the changing U.S. tax regulations. Chicago- based AbbVie, which makes top-selling arthritis drug Humira, is eager to buy Shire to reduce its U.S. tax bill by moving its tax base to Britain and to diversifying its...

  • *Ireland to end tax regime that saved multinationals billions. DUBLIN, Oct 14- Ireland will phase out a tax loophole that multinationals use to save billions of dollars under sweeping changes to its corporate tax structure announced in Tuesday's budget, the first in seven years without new austerity measures. Ireland, which left a European Union/ IMF bailout...

  • Irish tax changes may cost U.S. groups billions Tuesday, 14 Oct 2014 | 11:15 AM ET

    *Brussels investigating schemes involving minimal tax. LONDON, Oct 14- Ireland's plan to close a "Double Irish" tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp. Ireland has been an attractive base for U.S. multinationals for...

  • The downfall of the 'double Irish'?  Tuesday, 14 Oct 2014 | 2:15 AM ET

    CNBC's Catherine Boyle reports on Ireland's controversial tax rules and discusses whether the country's budget may contain measures to close tax loopholes for companies.

  • PARIS, Oct 12- Health checks on Europe's banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post- "stress test" tie-ups are likely to be along national lines and could make a splintered industry more so. The European Central Bank takes direct authority over the currency area's 120 top banks on Nov. 4...

  • *Companies already in Ireland to be given time to adjust. DUBLIN, Oct 10- Ireland is set to announce legal changes next week to phase out the "Double Irish" tax arrangement that has let firms such as Google save billions of dollars, two sources familiar with the matter said. Ireland has come under sustained attack from Europe and the United States over the past 18...

  • NEW YORK, Oct 3- Covidien Plc and Medtronic Inc both rallied on Friday, with the names moving on heavy volume after Medtronic affirmed its commitment to buy Dublin- based Covidien. Medtronic did change the structure of the deal, saying it would use $16 billion in debt rather than cash held overseas, reacting to changes made by U.S. tax authorities to cut the benefits...

  • *France postpones deficit reduction by a further two years. PARIS, Oct 1- France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.

  • *EU regulator requests income statements of 2 Apple groups. *If proven, Ireland could have to claw back tax from Apple. BRUSSELS/ LONDON, Sept 30- The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.

  • *Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.