Thursday 19 July 2018

Inflation at 2009 levels

Financial technology firm First Derivatives is to create almost 500 new jobs.

The company, which is based in Newry, Co Down, is to take on 484 new employees over the next three years.

First Derivatives provides consultancy services and makes financial analysis software used by banks throughout the world.

GlaxoSmithKline has confirmed the existence of an intimate video recording of its former China head, Mark Reilly.which kicked off a bribery investigation that has damaged the drugmaker's business in China.

It was not clear who shot the video or with what motivation

Mr Reilly could not be reached for comment.

PROPERTY investment fund Hibernia REIT is to buy the Observatory Building in Dublin city centre for €52.25m from NAMA.

The property, which was built by Derek Quinlan/Bernard McNamara in 2006, is set on the river-front at Sir John Rogerson's Quay in the South Docks area of Dublin. Of the annual headline rent of €2.2m, €1m is currently subject to a rent-free period until May 2015 and a further €0.2m is subject to a rent-free period ending February 2016. The Observatory comprises office accommodation.

Global investors put more money into stocks in June favouring the United States and Britain where economic recovery is gathering pace over other developed markets, a poll has shown.

The survey showed the average recommended exposure to equities in global balanced portfolios rose to 51pc.

Euro zone inflation remained stuck at levels last seen during the 2009 recession and lending to companies and households contracted again, data showed yesterday.

The reports - for June and May, respectively - underlined the reason for the European Central Bank's unprecedented policy steps earlier in June.

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