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MPC strongly backed stimulus increase

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

Financial policymakers at the Bank of England were unanimous in backing more financial stimulus at their meeting in February


Dublin to sell up to €3bn in state assets

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

Plans for the sale of a minority stake in state electricity company ESB have been abandoned amid trade union concerns over privatisation



PMI data show eurozone closer to recession

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

The unexpected weakness of the purchasing managers’ indices highlights the 17-nation bloc’s fragility in the wake of its debt crisis


Obama proposes corporate tax cut

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

The president has proposed slashing the US corporate tax rate from 35 to 28 per cent in a move that could determine where global companies choose to invest



Hungary hits at Brussels funds threat

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

Budapest condemns ‘unfounded and unfair’ European Commission plans to suspend nearly €500m of funding because of an excessive budget deficit


Stocks struggle amid lacklustre economic data

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

Risk appetite has been blunted by economic activity data from the eurozone and China, and doubts over Athens’ ability to enact reforms



Anti-piracy pact falters after protests

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

A controversial anti-piracy agreement faces delays after the EU opted to ask its own courts whether the treaty was in line with European law


Greek accounting cannot hide the urgency for growth

News update in the category Economy on Wednesday 22 February 2012 at 4:00 PM

The new Greek rescue package contains assumptions that even its architects acknowledge are highly suspect






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