Today in the press

Today in the press

17 Apr Michael Noonan has given the clearest indication yet that he will endorse Bank of Ireland boss Richie Boucher's €843,000 pay package at a shareholder vote next week, reports The Irish Independent.

Michael Noonan said Stamp Duty was not a useful tool for controlling property prices

NAMA may be used to control rising property prices

16 Apr Minister for Finance Michael Noonan said he has asked the National Asset Management Agency to see if it can use land it controls as a way of controlling rapidly rising property prices, particularly in Dublin.

The Chinese government has been working to enhance the role of consumption in its economy

China sees 7.4% growth in first quarter of 2014

16 Apr China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.

Alibaba's initial public offering could be worth $16bn

Alibaba to file IPO documents next week - report

16 Apr Chinese ecommerce giant Alibaba Group Holding is expected to file the prospectus for its US initial public offering next week, sources have said, moving closer to what could be the biggest-ever listing by a technology firm.

Marissa Mayer has been working to turn the company around since taking over as CEO two years ago

Yahoo profits down but ad revenue up in Q1

16 Apr Yahoo has again posted anemic quarterly revenue growth as the internet company's advertising business continues to lag its rivals, nearly two years into chief executive Marissa Mayer's comeback effort.

Mt Gox filed for bankruptcy protection in Japan last month after losing hundreds of millions of dollars worth of bitcoin

Bitcoin exchange Mt Gox drops relaunch plans

16 Apr Defunct bitcoin exchange Mt Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation.

Morning business news - April 16

Morning business news - April 16

16 Apr Results this morning from the Irish Dairy Board, it has reported a massive jump in profit before tax for last year, up 87% at €25.8 million. Turnover last year was 5% higher at €2 billion.