Updated: 19:05, Thursday, 17 May 2012

The cost of borrowing for Ireland had been relatively shock resistant but renewed fears have changed that

Cost of borrowing for Ireland hits 7.5%

19:05The cost of borrowing for Ireland has begun to escalate following renewed fears about Greece.

Technology News

Apps the last piece in Facebook's IPO puzzle

Mark Zuckerberg may have found a way to keep investors and users happy by borrowing a trick from the mobile device playbook, writes NIALL KITSON

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Howlin says asset sale money for jobs and stimulus

18:36The Minister for Public Expenditure and Reform, Brendan Howlin, has said that half of the total money raised by the sale of state assets will be used for job creation and the other half will be used to raise funds for other stimulus projects.
- State assets sale will fund growth - Brendan Howlin
Fitch downgrades Greece to CCC

19:03Fitch ratings agency has downgraded crisis-hit Greece by one notch to CCC, citing the "heightened risk" that the country may be forced to abandon the euro currency union.
US unemployment figures unchanged in last week

15:03US unemployment claims were unchanged last week, data that will do little to ease concerns about a recent slowdown in jobs growth.
Spain govt denies massive withdrawals from Bankia

16:38The Spanish government have denied a newspaper report today that customers had withdrawn more than €1 billion euros from the partly nationalised lender Bankia over the past week.
German minister calls for EU elected president

16:28The European Union needs to create the post of an elected president to foster greater political unity, German Finance Minister Wolfgang Schaeuble said today as the bloc faces deep economic and political problems.
Bulletin-board Pinterest attracts $100m investment

15:38Japanese online giant Rakuten has announced that it is leading a $100 million investment in Pinterest.
Paddy Power reports 28% growth and record turnover

10:21Paddy Power has reported 28% growth in the year to date with a huge increase in mobile revenue.
- Business News - The 7.10 bulletin
235 new jobs announced in two Galway companies

18:36The US multinational, Merit Medical, is to create 200 jobs in Galway and a further 37 jobs are to be created in software firm Copperfasten Technologies.
- Nearly 200 jobs to be created in Galway
German bond yields fall to new low

07:46The interest rate or yield on German bonds fell to the lowest level ever in early trade this morning, reflecting deep concern about the prospect of new Greek elections.
France says growth must form part of fiscal treaty

10:21France will not ratify the fiscal treaty unless it is amended to include ambitious commitments on promoting economic growth according to its new finance minister.
- New French government named - France 24's Hervé Amoric

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David Murphy has more on the euro crisis and why the cost of borrowing for Ireland has hit 7.5%
Morning Ireland

Conor Brophy talks to C&C's chief executive Stephen Glancey about his company's annual results.
Media Future

Patricia O'Callaghan reports from the ''Media Future'' event, which looked at key themes shaping the sector.

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