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Opening Bell: Google's results, Greece gets anxious, Kenny hopes for EU/US trade deal in 2015

Google has published mixed results for the first quarter of 2015 - the company missed market earn...
Newstalk
Newstalk

07.29 24 Apr 2015


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Opening Bell: Google's...

Opening Bell: Google's results, Greece gets anxious, Kenny hopes for EU/US trade deal in 2015

Newstalk
Newstalk

07.29 24 Apr 2015


Share this article


Google has published mixed results for the first quarter of 2015 - the company missed market earning expectations.

It finished the three months with earnings per share of $6.57 - compared to the $6.60 that the market had expected. Revenue for the quarter came to almost $17.3bn - the same figure during this period in 2014 was $15.4bn.

Year-over-year aggregate paid clicks grew by 13 percent in the last year, but the cost-per-clicks (the average price for Google's online ads) fell by 7 percent. The company says that this fall related to skippable TrueView advertisements on YouTube, and issues maximising revenues from mobile search results.

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European finance ministers gather for a Eurogroup meeting in Riga today - Greek debt is the main issue on the agenda.

Greece prime minister, Alexis Tsipras, met the German chancellor, Angela Merkel yesterday and urged her to use her influence to speed up the process of an interim deal being negotiated before the end of April. Greece is due to pay up to €1bn to the IMF in May.

It has been suggested that the talks were positive, and media reports are full of comments from unnamed Greek officials saying that a deal is close - but anyone who has been following this story will have heard similar statements at different times since February - but talks have remained deadlocked.

Greek shares are up by by 2.4 percent, coming from a three-year low hit on Wednesday.

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Enda Kenny hopes that the controversial Transatlantic Trade and Investment Partnership (TTIP) will be agreed before the end of 2015. An agreement between the EU and the US would create the world's largest free-trade zone.
 
Speaking at the US Embassy in Ireland's annual economic conference yesterday, Mr Kenny said an agreement "should be concluded by 2015 if at all possible. The American election process kicks in after that and it would make it more difficult."
 
He continued: "Insofar as assuring the [US] President of Ireland's contribution to this, we have made it perfectly clear that we will work with our European colleagues and American connections to get this across the line."
 
Research commissioned by the Irish Government has found that Ireland could realise double the average benefit that other European countries would receive if a deal is reached. The country could gain up to 10,000 new jobs and see its GDP increase by 1.1 percent.
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Microsoft Corp has had a strong start to 2015 - in its second year under the leadership of CEO Satya Nadella growth in sales of the company's cloud products have led to higher than expected profits.
 
The company's third quarter profit was 62 cents a share on sales of $21.7bn. A panel of analysts surveyed by Bloomberg had expected these figures to be 53 cents on sales of $21.1bn.
 
The company's shares rose by close to 4 percent in after hours trading.
 
 

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