BUSINESS - BREAKING NEWS

Inflation in the Eurozone has fallen to a five-year low.

BUSINESS - IRISH EXAMINER

Finance Minister Michael Noonan: Originally mooted the early-repayment plan last month

IMF loan plan may save €500m

The savings to the exchequer of refinancing Ireland’s IMF loans could be as much as €125m higher than initially thought.

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Eircom denies talk of AT&T sale

Eircom has scotched talk of it being taken over by US telecommunications giant, AT&T, with management saying there is no truth in the rumour.

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Inflation in the eurozone hits five-year low of 0.3%

Eurozone inflation dropped to a fresh five-year low in August, something likely to concern the European Central Bank but not force it into immediate policy action.

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Tesco cuts dividend by 75% as new chief brought in early

Britain’s biggest retailer Tesco has slashed its interim dividend by 75%, as tough trading conditions forced it to cut its profit forecast for the second time in two months.

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Irish investment trust buys Nama apartments for €211m

More than 750 Nama apartments have been sold to an Irish investment trust for €211m — topping the guide price by €51m.

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Picture: AP

Disaster-hit Malaysia Airlines to shed 6,000 workers in overhaul

Malaysia Airlines will cut 6,000 workers as part of a $1.9bn (€1.4bn) overhaul announced to revive its damaged brand after being hit by double passenger jet disasters.

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Lack of credit ‘hurts recovery’

Household lending levels fell by nearly 4% on a year-on-year basis in July, fresh data from the Central Bank shows.

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Falcon slashes first-half losses by 64%

Falcon Oil & Gas, the Dublin-headquartered unconventional exploration firm, has reported a near 64% slashing of first-half losses.

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