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  • BRUSSELS, Jan 14- Greece accepts that the International Monetary Fund has to take part in the bailout program under which Athens receives billions of euros in loans in exchange for economic reforms, the chairman of euro zone finance ministers said on Thursday. But the participation of the IMF is a key condition for Germany, which believes the European...

  • *Irish economy outperforms euro zone peers, France lags. LONDON, Jan 13- Ireland's remarkable economic recovery following a 2010 bailout may soon push its borrowing costs below those of France but its less liquid debt means it is unlikely ever to become a "core" euro zone credit. Irish growth, budget deficit and borrowing figures all look better than those of France,...

  • NEW YORK, Jan 12- The research chiefs of betrothed drugmakers Pfizer Inc and Allergan say the proposed combination of their experimental drugs deserves more credit, including potential blockbuster treatments for schizophrenia and depression. The tax-inversion deal would shift Pfizer's headquarters to Dublin and is slated to close in the second half of...

  • *Deal offers $18 and 0.1482 Shire ADS per Baxalta share. LONDON, Jan 11- Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday with an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases. Shareholders will receive $18 in cash and 0.1482 Shire American depositary share per...

  • *Deal offers $18 and 0.1482 Shire ADS per Baxalta share. LONDON, Jan 11- Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday with an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases. Shareholders will receive $18 in cash and 0.1482 Shire American depositary share per...

  • The Environment Agency said Britain had faced an extraordinary period of severe weather and flooding in December, with consultants PwC warning that the latest deluge from Storm Frank could take total losses above 3 billion pounds. Further heavy rain was predicted to fall throughout Wednesday as the latest storm swept across northern England, Scotland and...

  • An agreement would successfully end Dublin- based Shire's five-month pursuit of Bannockburn, Illinois- based Baxalta and create one of the world's leading specialists in rare diseases. Baxalta's board rejected an all-stock offer from Shire in August, saying it had significantly undervalued the company. Baxalta shares were up 4.4 percent at $39.74 in...

  • Ireland's recovering banks: want to lend, can't lend Wednesday, 16 Dec 2015 | 4:54 AM ET

    *AIB readying one of Europe's biggest post-crisis bank IPOs. DUBLIN, Dec 16- A working couple in their early 30 s, Aoife and her husband James should be ideal mortgage customers for Irish banks keen to lend into Europe's fastest growing economy and strengthen a fledgling recovery. "A key part of the investment case for Bank of Ireland and Allied Irish Banks is the...

  • Heathrow delay endangers investment in Britain Friday, 11 Dec 2015 | 11:21 AM ET

    The decision on whether to build a new runway at Heathrow in the densely populated west of London, or at Gatwick to the south, will now come after the mayoral election in May. The candidate for Cameron's Conservative Party had threatened to resign if the government backed Heathrow, which an independent report commissioned by the prime minister said was the best...

  • DUBLIN, Dec 8- A British withdrawal from the European Union would hurt Irish exports, economic growth and jobs, while the country's financial sector could be significantly impacted, the Central Bank of Ireland said on Tuesday. Dublin sees the prospect of Britain voting to leave the EU at a promised referendum as a major strategic risk and last month a...

  • *After eight years of recession, Greece hopes for growth in 2016. *Trust badly damaged between Athens and Brussels. ATHENS, Dec 7- After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it's amazing that Greece is still standing, like the Parthenon towering over Athens.

  • DUBLIN, Dec 7- Ireland's Cairn Homes and U.S. fund Lone Star struck a deal on Monday to buy 20 percent of the land available for residential development in Dublin, amid a severe shortage of housing in Europe's fastest growing economy. Cairn said its share in the 1,700 acres of development land, which also contains some sites outside Dublin, would allow it to build...

  • IDA Ireland: We have a very competitiive, transparent tax system

    Martin Shanahan, CEO of IDA Ireland, explains why Ireland has been an attractive destination for foreign direct investment.

  • Health-care CEOs: This is holding back the US Thursday, 3 Dec 2015 | 4:06 PM ET
    Ken Frazier, president and CEO of Merck.

    The U.S. is at a disadvantage because of this, two health-care CEOs said.

  • DUBLIN, Dec 3- The' bad bank' set up six years ago to mop up toxic assets in Ireland's financial system is on track to generate possible profits of over 2 billion euros, its chairman said on Thursday, in a sign of the economy's dramatic turnaround. The National Asset Management Agency was established in 2009 to rid local banks of risky loans made before a property...

  • Dec 3- Medical device maker Medtronic Plc reported a better-than-expected quarterly profit, helped by higher sales in all divisions. The Dublin- based company said adjusted profit per share included a 4- cent charge from integrating Covidien Plc, which Medtronic bought in January for nearly $50 billion. Medtronic said its net profit fell to $520 million, or 36...

  • Medical device maker Medtronic's revenue jumps 62 pct Thursday, 3 Dec 2015 | 6:55 AM ET

    Dec 3- Medical device maker Medtronic Plc reported a 62 percent jump in quarterly revenue, helped by higher sales in all divisions. The Dublin- based company's net profit fell to $520 million, or 36 cents per share, in the second quarter ended Oct. 30 from $828 million, or 83 cents per share, a year earlier, mainly due to higher restructuring charges.

  • Nov 25- Allergan PLC said on Wednesday it will not appeal to the U.S. Supreme Court a court ruling this year that blocked the company from discontinuing its top-selling Alzheimer's drug in favor of a pricier version. Allergan will also pay $172,000 in legal expenses under a settlement with New York Attorney General Eric Schneiderman, who filed an antitrust...

  • Hillary Clinton slams tax-avoiding pharma mega deal Tuesday, 24 Nov 2015 | 2:09 AM ET
    Democratic presidential candidate Hillary Clinton speaks to guests at the Jefferson-Jackson Dinner on October 24, 2015 in Des Moines, Iowa.

    Hillary Clinton accused Pfizer of using legal loopholes to avoid its "fair share" of taxes.

  • WASHINGTON, Nov 23- U.S. politicians condemned Pfizer Inc's deal with Allergan Plc as a tax dodge on Monday, bringing another round of hand-wringing in Washington over the corporate tax code, though legislative action before 2017 is unlikely. Democrats heaped the most criticism on the New York- based drug maker, with Hillary Clinton accusing Pfizer of using...