The Business Climate Indicator (BCI) for the Eurozone continued to decline and now stands below its long-term average. The low level of the indicator suggests that economic activity in industry, which saw a fall in production in May, remains subdued. The Economic Sentiment Indicator (ESI) fell sharply in both the EU and the Eurozone.

Davy today welcomed the judgment by the High Court, in which Justice Peter Charlton quashed the decision of the Financial Services Ombudsman (FSO) in its assessment of a complaint by Enfield Credit Union. 
 

The 2008 edition of Ireland, North and South: A Statistical Profile has been compiled and produced by the Northern Ireland Statistics and Research Agency (NISRA) and the Central Statistics Office (CSO). Ireland, North and South: A Statistical Profile presents comparable statistics for Northern Ireland (NI) and the Republic of Ireland (RoI) across a range of policy areas including health, education, agriculture, environment and crime.

When Skanska AB secured the contract last week to manage the $500 million renovation of New York City’s Madison Square Garden, it was the latest coup for a company that has racked up a string of high-profile projects across the U.S.

Home prices fell a record 16% from a year earlier in 20 major metropolitan areas, according to the S&P/Case-Shiller index. Meanwhile, consumer confidence edged up slightly in July.

Irish Live Register: The seasonally adjusted Live Register total increased from 215,400 in June to 226,000 in July, an increase of 10,600. The total is the highest since 1998.

Markets news on stocks, currencies and commodities.

AIB Bank today reported a pre-tax profit of €1.28 billion and adjusted basic earnings per share of 104.9 cent in the first-half of 2008. The decline of 4% in the adjusted basic earnings per share in what the bank termed a very testing environment of difficult market conditions and slowing economic growth observed in the half-year to June 2008, reflects the resilience of its business.

Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.