A leading financial publication which previously told international investors to pump their money into Ireland’s economic “bounce” is now telling them to take their profits and run.

Gambling huge sums of money on unsafe investments may have got this country into its mess, but one US mutual funds company has bet billions that Ireland can bounce back from the brink of disaster.

High-earning foreign executives who relocate to this country for several years could escape hundreds of thousands of euro in taxes under incentives unveiled by Michael Noonan.

RaboDirect has announced it is partnering Franklin Templeton Investments, one of the largest fund companies in the World, to provide Irish retail investors with direct access to a range of Franklin Templeton’s Luxembourg-registered funds.

Wall Street capped a shortened trading week with a mixed finish today after some uneven economic data: news of a contraction in the US’ services sector and a tame reading on employment.