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Wednesday 31 May 2023 Dublin: 11°C

# Black Thursday

All time
# Black Thursday
US stocks suffer worst losses since Black Monday crash of 1987
The plunge extended a sell-off that has wiped out most of Wall Street’s gains since Trump’s election.
# Black Thursday
Retailers delighted after 'superb' first day of winter sales
Many retailers who were sceptical about opening on St Stephen’s Day are now glad they decided to go for it.
# Black Thursday
Credit cards at the ready? Retailers hoping for end-of-year bonus as Winter Sales begin
Done with Christmas? Planning a bargain hunt? Read on…
# Space
On stress test day, Ireland gets a little gift from space
It may be Black Thursday down here – but from up there, it all looks blue, green, and enviably calm.
# Anglo
Anglo borrowed €8bn as Lenihan announced ‘final’ bailout cost
Anglo was borrowing up to €7.9bn to pay out on bonds – on the same day the government announced the cost of recapitalisation.
# Rude
Lenihan subjected to chimp noises by Citigroup investors
Citi investors heckle, jeer and make chimp noises during conference call with Finance Minister Brian Lenihan.
# Roman Abramovich
Billionaire Chelsea owner threatens to sue Irish government
Roman Abramovich’s investment vehicle holds subordinated bonds in Irish Nationwide – and wants its money back.
FG refuses to abide by four-year plan - but seeks 'truce'
The finance spokesperson says the government can’t hold the opposition to its plans – while senators seek co-operation.
# Business Insider
Don't forget the real reason that Ireland is so terrifying for Europe
Ireland was first the undertake aggressive action to bolster its banks and get public spending under control.
# Black Thursday
The world reacts to Ireland's Black Thursday
International commentators invoke a raft of dire imagery – from bodies flung off skyscrapers to a children’s story book – to describe the economy’s downward trajectory.
# Black Thursday
In numbers: The banking bailout
Wonder where our billions are going? Here’s a breakdown of the bailout.
# Black Thursday
Black Thursday: home reaction
The national newspapers react to the cost of the banking bailout.
# Bond Markets
Insuring against Irish debt gets expensive post-Anglo
Despite the “final announcement”, markets still think there’s more than half a chance that Anglo will default…
Taoiseach says tax hikes likely in 2011 Budget
In a lunchtime interview, Brian Cowen says “revenue raising” will have to be part of a new, harsher-than-planned Budget.
# Black Thursday
European Commission welcomes Anglo cost announcement
European competition commissioner Joaquin Almunia gives the thumbs-up to drawing a line under the banking costs.
# Black Thursday
Bond markets respond favourably to Anglo finality
The price of government borrowing – and the Irish-German spread – falls back, but AIB shares crater.
# Black Thursday
How the rest of the world is reacting to Namageddon
International reaction to news of the €40 billion bank bailout – and the news that Ireland will now boast the largest deficit ever recorded in an EU state.
# Black Thursday
Government prepares to take majority stake in AIB as top management departs
Major shake-up at the bank which is to be effectively nationalised.
# Black Thursday
Ireland wakes up to the news that Anglo could cost €34.3 billion
Central Bank says Anglo bailout should cost €29.3 billion – but could run to €34.3 billion.