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RTÉ Business 

 

Latest Irish and international news supplied by RTE.ie

 

           Origin Enterprises has agreed to acquire Polish firm Kazgod in a deal worth €22.4m.

 

            Property rental inflation has eased over the past year, but is still high at 8.6%, according to

            the latest quarterly rental report from Daft.ie.

 

            Britain's biggest customer-owned lender Nationwide said a new banking tax will cost the group
            £300m over the next five years, affecting its ability to lend.

 

            The Obama administration has granted Royal Dutch Shell final clearance to resume drilling for oil
            and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green
            groups vowed to fight.

 

           Google is to delay the trial of its modular smartphone until next year at the earliest as its development
           proved more complicated than had been expected.

 

           Chinese home prices rose for a third consecutive month in July, fuelled by a pick-up in sales
           and market sentiment, a rare counterpoint to a growing list of grim indicators in the world's
           second-largest economy.

 

           There's been a fair degree of analysis and scrutiny of currency movements in the past week
           or so following the decision by the People's Bank of China to devalue its currency on three
           successive days last week.

 

            100 jobs are to be created in a new food plant in Lusk in north Co Dublin by Ballymaguire Foods.

 

           A study by the Irish Small and Medium Enterprises Association has found that businesses are not
           reporting crime because they have lost faith in the justice system.

 

           US securities regulators ordered two Citigroup affiliates to pay $180m to settle charges
           they defrauded investors by falsely claiming a pair of hedge funds were low-risk.

 

 

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