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The Republic of Ireland’s announced yet more measures to support its tormented banking industry. The government said it would invest EUR3.5 billion in each of Bank of Ireland and Allied Irish Bank, the country’s two largest banks.

Is General Motors and Chrysler in merger talks? This rumour was doing the rounds again yesterday, following a report in the WSJ. GM denied this was the case, with a spokesperson stating ” I can say unequivocally we are not in any merger talks with Chrysler”.