BUSINESS - BREAKING NEWS

Opec oil ministers have agreed to keep their production target at 30 million barrels a day, despite an oversupply of crude and plunging prices.

BUSINESS - IRISH EXAMINER

Mortgage insurance proposal criticised

Mortgage insurance will drive up prices, provide minimal protection to borrowers and do little to improve the supply of houses as it is “the wrong medicine for the job”, a group of industry experts said yesterday.

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Ireland will be urged to make extra cuts in budget

The government is likely to be advised to make more than the planned cuts in next year’s budget when the European Commission gives its opinion on the draft budget for 2015 today.

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Aoife Quinn

Quinns not entitled to better disclosure of files

Members of bankrupt businessman Sean Quinn’s family are not entitled to better disclosure of documents and materials by a bank they are suing over the alleged unlawful issuing of €2.3bn in loans to family companies, a High Court judge ruled.

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Rules to put credit unions on secure footing

Proposed legislation from the Central Bank will introduce a raft of new rules for credit unions in the areas of reserves, liquidity and savings.

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Finance Minister Michael Noonan, with Louis Roy, president of Optel Vision, at the official opening of the Optel Vision EMEA Office in Raheen Business Park, Limerick. Picture: Brian Gavin/Press 22

Up to 600 jobs created every week, says Noonan

Up to 600 jobs are being created in Ireland every week, the minister for finance has told a gathering of highly skilled software engineering employees.

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Perrigo to raise €800m for takeover

Leading generic drugs producer, Perrigo is set to raise approximately $1bn (€800m) — via a share placing — to mainly cover the cost of its proposed takeover of Belgian firm, Omega Pharma Invest NV.

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FeedHenry posts 2013 loss despite revenue increase

FeedHenry, the Waterford-based mobile software company that was recently acquired in a multi-million euro deal, made a loss of more than €1m last year.

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ECB warns on renewed threat to financial stability

The eurozone’s fragile economy combined with investors’ hunt for higher returns poses a renewed threat to the region’s financial system, according to the ECB.

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Denis O'Brien - Communicorp owner.

Radio group narrows losses

Denis O’Brien’s Communicorp radio group is expecting strong revenue growth this year after sharply reducing its losses last year.

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Eurocrats need to live in real world

It is now almost four years since Ireland entered the troika programme and is almost a year since the programme was exited.

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