A man arrested in connection with an IRA bomb attack that killed a Catholic nun and three police officers in the North has been released pending a report to prosecutors.

Wall Street welcomed a surprisingly forthright statement on interest rates from Federal Reserve Chairman Alan Greenspan today, with investors sending stocks higher in acceptance of his tough stand on energy prices and inflation.

US investors anxious to get back into the stock market pounced on Federal Reserve Chairman Alan Greenspan’s bullish economic report today, sending stocks soaring and propelling the Dow Jones industrial average up 123 points to its highest level in more than two-and-a-half years.

COMMENTS from Federal Reserve chairman Alan Greenspan took US stocks off their lows at midsession yesterday, with the Dow Jones industrial average losses easing and the Nasdaq composite index holding a solid gain.