Matheson, Ireland's biggest corporate tax firm, uses three charities registered to "relieve poverty and distress" to help hedge funds and banks pay less tax on billions of euro in high-risk assets, such as weather "catastrophe bonds", according to The Irish Times.
The risk has increased that the European Central Bank won't get inflation back up to where it wants, the bank's chief economist has said, pledging to beef up its anti-deflation asset-buying programme if necessary.
Many global stock markets rebounded today with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economy.
Worries of a deepening China economic slowdown have intensified after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices.
More than €36 million of One51 shares sold for €1.85 yesterday in a move that could raise the bar for potential suitor Capvest, which is seeking shareholder backing for a €1.80 bid, The Irish Times reports.