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Europe Top News and Analysis Ireland

  • The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt. It will spell out in detail what those moving some of their operations out of London must do to apply successfully for a licence. Ireland's central bank will hold a similar gathering next month to advise groups considering a move to Dublin, which along with Frankfurt,...

  • *Q1 profit $0.50/ shr vs est $0.49/ shr. The maker of automotive batteries and building heating systems said it now expects fiscal 2017 profit to be in the range of $2.60 to $2.68 compared with its previous forecast of $2.60 to $2.75. Sales in the company's building technologies and solutions unit, its biggest, rose 1 pct to $5.54 billion in the second quarter ended...

  • The ECB is breathing a sigh of relief after the first round of the French election but they are unlikely to change their policy stance until June.

  • Pittsburgh Steelers team owner Dan Rooney holds the Vince Lombardi trophy after his team won Super Bowl XL against the Seattle Seahawks in February, 2006.

    Pittsburgh Steelers chairman Dan Rooney, one of the NFL's most influential and popular executives, has died. He was 84.

  • DUBLIN, April 11- Yahoo's European regulator said it is preparing to give the U.S. Ireland's Data Protection Commissioner, the lead European regulator on privacy issues for Yahoo because the company's European headquarters are in Dublin, told Reuters she would issue the report "in the next couple of weeks". "We are preparing to serve the final report on Yahoo EMEA...

  • FRANKFURT/ LONDON, April 11- Cross-border banks in London looking to shift operations to the euro zone after Britain leaves the European Union should allow at least six months for a new licence, the European Central Bank said on Tuesday. Banks in London fear a "hard" Brexit with no access to the bloc's single market after 2019, and face pressure from regulators to...

  • FRANKFURT/ LONDON, April 11- Cross-border banks in London looking to shift operations to the euro zone after Britain leaves the European Union should allow at least six months for a new license, the European Central Bank said on Tuesday. Banks in London fear a "hard" Brexit with no access to the bloc's single market after 2019, and face pressure from regulators to...

  • *Graphic on Ireland's GDP ride http://bit.ly/2oRrlcD. DUBLIN, April 10- Ireland has increased its forecasts for economic growth to 4.3 percent this year and 3.7 percent next year but even that may prove too pessimistic after a muted initial impact from Brexit, Finance Minister Michael Noonan said on Monday. Ireland's economy was the best performing in the...

  • LONDON/ MADRID April 10- A gap in EU financial rules is allowing member countries to compete to host the trading operations of London- based investment banks after Brexit by offering looser regulatory standards. This is largely because when the ECB became responsible for euro zone supervision in 2014 the bulk of broker-dealers were in London and therefore not...

  • *Tax transparency could increase disputes- Malta. VALLETTA, April 7- Malta's presidency of the European Union said on Friday the bloc should slow down its drive against corporate tax avoidance because it might hurt Europe's economy by increasing legal uncertainty. In a paper to be discussed by EU finance ministers in Valletta on Friday and Saturday, Malta, which...

  • *Ryanair says Brexit will lead to lower UK and EU growth. LONDON, April 6- Ryanair, Europe's largest airline by passenger numbers, plans to pivot its growth away from Britain over the next two years as it fears the lack of clarity over Brexit will cause major travel disruption and hit demand. "Ryanair is pivoting its growth away from the UK," Finance Director Neil...

  • BERLIN, April 5- European Union officials have heard complaints from some members of the bloc about others lowering the requirements for "passporting" rights to sell financial services in the EU single market, the European Commission vice president said. As Britain prepares to leave the EU, some British financial firms- and foreign banks using London as a...

  • STRASBOURG, April 4- All financial business denominated in euros should be moved from London to the European Union after Britain leaves the bloc, an EU lawmaker said on Tuesday. London is the world's leading financial centre for the clearing of derivatives denominated in euros, a lucrative business that the European Central Bank had tried in vain two years ago...

  • We must make sure the UK honors all financial commitments, says Tusk

    European Council President Donald Tusk speaks about Brexit negotiating guidelines, saying that "we must prevent a legal vacuum for our companies."

  • BRUSSELS, March 30- Brussels expects to lure other financial players after convincing Lloyd's of London, the world's largest speciality insurance market, to make the city its post-Brexit European hub. While Lloyd's choice on Thursday surprised some, lower rental prices and its proximity to Britain could help other financial firms choose the multilingual...

  • *Brussels beats Luxembourg and Dublin as base. LONDON, March 30- Insurance market Lloyd's of London, an integral part of the British business scene since the 17th century, has chosen Brussels as the site for its European Union subsidiary because of its strong regulatory framework, it said on Thursday. Nelson said the Brussels subsidiary would employ dozens of...

  • *London wants Britain and EU to strike new regulatory deal. Under this, the European Union and Britain would broadly accept firms in each other's financial markets because their home regulatory systems apply similar standards. Such a system might limit what is likely to be a flow of business and jobs from the London financial centre, by far Europe's biggest, to...

  • DUBLIN/ BERLIN, March 29- Britain must prioritize aviation in Brexit negotiations if it is to avoid major disruption to air travel, budget carrier Ryanair warned on Wednesday, echoing growing concerns across the sector as Britain triggers its exit from the European Union. "There is a distinct possibility that there may be no flights between the UK and Europe for a...

  • LONDON, March 29- Lloyd's of London, the world's largest speciality insurance market, has picked Brussels for its planned European Union subsidiary, The Insurance Insider reported late on Tuesday. Lloyd's has been one of London's financial services firms most vocal about the need for a European Union subsidiary if Britain has no access to the single market...

  • LONDON, March 28- Banks are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London- based staff as they work out how many jobs will have to move to continental Europe as Britain exits the European Union. British Prime Minister Theresa May will trigger formal EU divorce proceedings on Wednesday, launching two years of...