Hutchison Whampoa Loses Eircom Court Challenge
Hutchison Whampoa Ltd., the ports-to-telecom operator owned by Hong Kong billionaire Li Ka-shing, has lost a motion in an Irish court to have its €2 billlion bid for troubled Irish telecom firm Eircom Ltd. "given due consideration," according to peop...
Hutchison Whampoa Resubmits Bid for Ireland’s Eircom
Hutchison Whampoa Ltd., the ports-to-telecom owned by billionaire Li Ka-shing, has resubmitted a EUR2 billion cash bid for Ireland's troubled Eircom in the last couple of days, a person familiar with the situation said Friday, in the latest move by the Hong Kong company to bulk up its presence in Europe.
Chinese palaces, in central Ireland
For anyone who’s ever looked at the Chinese property boom and had the phrase ‘Ireland of Asia’ cross your mind… this one’s for you.Here’s...
The (crumbling) walls of Nama: another Irish accounting reel
God, but Ireland must simply hate Eurostat. The pesky statistics agency keeps forcing it to recognise all of those expenses it would otherwise prefer to ignore.And the agency is at it again....
That Spanish auction
For those who missed it, these were the results of Wednesday’s Spanish bond auction for debt maturing in 2015, 2016 and 2020 respectively — the first auction since...
Now you see the promissory notes in the deficit, now you don’t
“We’ll avoid the accounting implications of this deal, though we think it might be an interesting study,” we said last week of Ireland’s circuitous non-deferral...
Can we make Irish promissory notes a bit more bonkers? Yes we can
We have an Irish promissory notes deal! A weird one.This is not the deal to restructure the notes (used to reanimate the IBRC, the Anglo Irish after-life vehicle) overall. This...
Balkanising bank bonds
This is, as the FT reports, quite a curious decision by the European Central Bank’s Governing Council (which met this week):(Click image for full doc. It amends the ECB’s...
O tempora! O mores! O Irish promissory notes fix
Pacta sunt servanda - Olli Rehn, noted scholar of Latin (‘pacts are binding’)If you’re just tuning into the great Anglo Irish promissory notes dispute between...
Ireland ‘disappears’ from ECB collateral list [updated]
Update: Just to make clear (in addition to the ECB’s tweet below) that Ireland’s odd absence was an error after all. It couldn’t really have been anything else....
Don’t panic (much) about the Irish referendum
The announcement of an Irish referendum on the European Stability Treaty put the euro cross-rate into a brief tizz on Tuesday. The reason, as the FT explains:A no vote would...
