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Monday: Credit review report
http://www.irishtimes.com/blogs/gallery/files/2011/09/mondaycreditreportreleased.jpgCredit reviewer John Trethowan said the Republic's biggest banks are unlikely to meet a Government target to lend €3 billion each to small- and medium-sized businesses this year. Publishing his fifth quarterly report, Mr Trethowan suggested the main reason for this is that demand for credit from such businesses is low, which has been denied by representatives of small companies. Photograph: Matt Kavanagh/THE IRISH TIMES
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Monday: Retail sales
http://www.irishtimes.com/blogs/gallery/files/2011/09/MondayRetailSales.jpgRetail sales remained subdued in July as spending on cars plunged after the Government’s car scrappage scheme came to an end. The volume of sales fell 0.5 per cent compared to June and 0.6 per cent annually. Photograph: Aidan Crawley/Bloomberg
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Monday: ECB thinks twice on inflation
http://www.irishtimes.com/blogs/gallery/files/2011/09/MondayTrichet.jpgECB president Jean-Claude Trichet said the bank is reviewing its assessment of inflation amid a slowdown in growth within the 17-state euro zone. He told an extraordinary meeting of the European Parliament’s economic and monetary affairs committee in Brussels yesterday that “risks to the medium-term outlook for price developments are under study in the context of the ECB staff projections that will be released early September”. Photograph: Francois Lenoir/Reuters
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Tuesday: ICG profits fall
http://www.irishtimes.com/blogs/gallery/files/2011/09/tuesdayICG.jpgFerry group Irish Continental’s pretax profit declined by 25 per cent to €6.2 million in the first half of this year due to rising fuel costs and weak consumer demand. The ferry operator reported a 3.4 per cent rise year on year in revenues to €126.6 million in the six months to the end of June, but operating profits fell by 26.1 per cent to €6.5 million. Photograph: Cyril Byrne/THE IRISH TIMES
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Tuesday: PTSB to buy deposits
http://www.irishtimes.com/blogs/gallery/files/2011/09/TuesdayPTSBtobuyNorthernRoc.jpgPermanent TSB has agreed to acquire the €650 million Irish deposit book of nationalised UK bank Northern Rock. The transaction will improve the bank’s funding position but still leave Permanent TSB as the Irish bank most heavily reliant on wholesale funding. Both banks declined to disclose the price paid for the deposits. Photograph: Aidan Crawley/Bloomberg
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Wednesday: Paddy Power results
http://www.irishtimes.com/blogs/gallery/files/2011/09/WednesdayPaddyPowerresults.jpgProfits at bookmaker Paddy Power increased 15 per cent to €57 million in the first half of the year as returns from all businesses bar its Irish betting offices increased during the period. Its online businesses contributed over 80 per cent of its profits. Photograph: Simon Dawson/Bloomberg
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Wednesday: IL&P losses
http://www.irishtimes.com/blogs/gallery/files/2011/09/wednesdayIrishLiferesults.jpgIrish Life and Permanent chief executive Kevin Murphy blamed falling house prices and higher arrears after IL&P reported a loss of €349 million for the first half of the year – a ten-fold increase on last year. Permanent TSB set aside €333 million of an impairment charge to cover bad debts, more than doubling from €150 million. Photograph: Dara Mac Dónaill/THE IRISH TIMES
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Wednesday: Sony tablets unveiled
http://www.irishtimes.com/blogs/gallery/files/2011/09/WednesdaySonytbaletsunveile.jpgSony's hopes of dominating the consuimer electronics market again with its first tablet PCs, the S1 (left) and S2, were crushed after analysts and gadget reviewers revealed overwhelmingly bad first impressions of the devices. Photograph: Kim Kyung-Hoon/Reuters
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Wednesday: David Drumm
http://www.irishtimes.com/blogs/gallery/files/2011/09/weddaviddrumm.jpgAnglo Irish Bank has asked a US court not to allow former chief executive David Drumm walk away from bankruptcy, claiming he lied repeatedly under oath during his bankruptcy case. The court-appointed trustee overseeing the proceedings has also challenged his discharge from bankruptcy. The trustee, Kathleen Dwyer, alleged in a complaint to the court that Mr Drumm had failed to disclose numerous property transfers. Photograph: Michael Springer/Bloomberg
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Wednesday: US stocks rally
http://www.irishtimes.com/blogs/gallery/files/2011/09/wedUSstocksrally.jpgUS stocks rallied the most in almost two months as better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery. Photographer: Jin Lee/Bloomberg
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Thursday: debt forgiveness
http://www.irishtimes.com/blogs/gallery/files/2011/09/Thursdaydebtforgiveness.jpgMinister for Finance Michael Noonan has said extensive debt forgiveness for struggling mortgages holders is "not a realistic option", and resolutions "must be found on a case-by-case basis through open and meaningful engagement between the distressed borrower and the lender". Photograph: Cyril Byrne/THE IRISH TIMES
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Thursday: German GDP slows
http://www.irishtimes.com/blogs/gallery/files/2011/09/ThursdayGermanyGDPslows.jpgChancellor Angela Merkel shut down eight nuclear power plants in the wake of Japen's nuclear disaster, but the decision to exit nuclear power weighed on Germany's growth in the second quarter as the economy increased energy imports to compensate for an abrupt drop in domestic generating capacity. Euro zone manufacturing also slowed in AUgust, and Irish manufacturing showed its recovery was still fragile, as new orders contracted. Photograph: Tobias Schwarz/Germany
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Thursday: ESRI urges cuts
http://www.irishtimes.com/blogs/gallery/files/2011/09/ESRI.jpgThe Economic and Social Research Institute lowered its growth forecasts for the economy and urged the Government to cut its budget deficit more rapidly than planned. The institute called for a budget adjustment in 2012 of up to €4 billion. Siptu general president Jack O’Connor said implementing further cuts would be “the single worst thing we could do”. Photograph: Hugo Correia/Reuters
