STERLING and gilts recouped early massive losses yesterday, after initial jitters about the inconclusive outcome to Britain’s election eased on prospects of a deal between the Conservatives and Liberal Democrats.

THE next revolution in video rentals is being led by an Irish company that has just signed a multi-million euro deal with one of the world’s leading computer companies, IBM.

HIGHER interest rates and a continuing depreciation of the dollar in 2004 are being anticipated on the back of economic recovery, but this could force a cut in ECB rates.

The dollar fell against both the euro and yen today after US retail sales for May came in sharply lower than expected.

John Rusnak, the trader at the centre of the scandal over the $750m (€866m) missing from a subsidiary of Allied Irish Bank, was today in hiding, away from the glare of the world’s media.

Investors gravitated toward technology stocks again today, sending the Nasdaq composite index higher - albeit modestly - for a sixth straight session, its longest winning streak since February 2000.