EU Competition Commissioner Margrethe Vestager is investigating whether the deal would lead to higher prices for consumers

EU opens anti-trust probe on FedEx plan to buy TNT

31 Jul The European Union has opened an anti-trust probe into plans by US delivery service giant FedEx to buy Dutch rival TNT Express for €4.4 billion, a key tie-up for the e-commerce delivery business.

The ECB is trying to push inflation closer to 2% through its stimulus measures

Euro Inflation, unemployment unchanged in July

31 Jul Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data has shown.

Defaulted loan volumes at the bank are down 27% since the middle of 2013

Bank of Ireland sees profit double in H1

31 Jul Bank of Ireland has reported an underlying pre-tax profit of €743m for the six months to the end of June, more than double the €327m reported at the same time last year.

The loans relating to Dundrum Town Centre represent the majority of the portfolio's value

NAMA draws up shortlist for shopping centre loans

31 Jul The National Asset Management Agency is understood to have has selected a shortlist of five for its €2.4bn Project Jewel loan portfolio, which includes loans relating to a number of Dublin shopping centres.

The US Employment Cost Index rose by 0.2%

US labour costs see smallest rise in 33 years

31 Jul US labour costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labour market slack.

Uber said India was its biggest market outside of the United States

Uber to invest $1bn in Indian market

31 Jul Controversial app-based taxi-hailing firm Uber plans to invest $1 billion in India over the next nine months, the company's local head has said.