China has scrapped a ceiling on investments by overseas sovereign wealth funds (SWFs) and central banks in its capital markets, as government attempts to encourage long-term foreign ownership and shore up slumping equities.

EIRCOM said it sees no signs of growth or increased spending by customers in the medium term.

British engine-maker Rolls-Royce signed an agreement today with a Singapore consortium to invest $100m (€77.6m) to develop a commercially viable power system based on fuel cell technology.