Markets News Afternoon: Stocks rebound in Europe; Oil retreats from records above $146 in London and $145 in New York

Dr. Peter Morici: Crisis grips US Job Market: Economy sheds 62,000 jobs in June

Anglo Irish Bank launches Premium Demand Account paying up to 5.3% gross/AER/variable

Trichet says "no bias" on future rate hikes following ECB rise to 4.25%; Sweden raises benchmark to 4.5%; Iceland keeps rate on hold at 15.5%

US lost 62,000 jobs in June - Six straight months of job losses total 438,000

European Central Bank raises benchmark interest rate to 4.25%; Trichet to outline position on inflation battle at Press Conference

Bank of England credit survey signals lenders plan to continue to tighten loan rules; UK new construction orders fell 13% in 3 months to May 2008

Eurozone retail sales volume increased 1.2% in May following April decline

Rising costs and depressed demand weigh heavy on UK service sector in June

Eurozone Services Business Activity Index fell in June for first time in five years

Irish service activity, new business and employment all fell at record rates in June

Markets News Thursday: Brent crude oil surges above $145 a barrel in London; European markets down again; Irish shares in sharp fall

Thursday Newspaper Review - Irish Business News and International Stories - - July 03, 2008

European Central Bank to raise benchmark interest rate to 4.25%

Land degradation is intensifying in many parts of the world: One fourth of the world’s population affected says new study

Irish Exchequer returns show surge in the public deficit to €5.65 billion in first half of 2008; Official economic forecast cut to 0.5%

Markets News Afternoon: Irish shares plunge in Dublin; CRH down 12%; Aer Lingus slides 9%; McInerney tumbles 27%

US manufactured goods orders rose in May: Private sector jobs fell by 79,000 in June; Overdue Home-Equity Credit Lines rise most since 1987

Irish Pensions: €15 billion wiped off the value of Irish Managed Funds in 2008 as recession strikes

Trichet warns of risk of inflation ``exploding'' ; Eurozone producer/wholesale prices surged to a record annual rate of 7.1% in May