Convincing international investors to consider locations outside of Dublin and other large urban areas remains a challenge, the IDA has admitted.

There is no basis for continued depreciation in the Chinese yuan, the country’s premier Li Keqiang was quoted by state television as saying yesterday.

China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months yesterday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

Some foreign investors have found a new and simple way to make money from China’s dysfunctional stock markets — by dispensing with market research and playing “follow the leader” instead.