After another day of marathon talks - Greece is no closer to reaching a new agreement with its international creditors.
Markets seem to be losing faith in a deal being struck - money migrated away from European stocks and into haven assets yesterday.
Most of the progress made in European and American markets on Monday and Tuesday has been erased as investors try to protect themselves against a serious economic shock if Greece enters some form of default.
The country’s debt negotiations will continue today.
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At today’s EU Leaders Summit, the UK will put forward its initial reform plans as the country prepares for its in/out vote on EU membership.
These proposals will be discussed at a later date.
David Cameron met German Chancellor Angela Merkel for 45 minutes yesterday - the talks covered the UK’s membership of the Union - migration - and the Libyan crisis.
At a dinner which was attended by both leaders in Berlin, Queen Elizabeth warned of the dangers of a divided Europe.
Her comments have been interpreted as a soft endorsement of the UK remaining in the EU.
Meanwhile, a cross-party committee in Northern Ireland warned yesterday that Britain leaving the EU could create instability in the region - and that it would complicate its relationship with the Republic, and affect cross-border organisations.
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ESB International - the global consulting arm of the State energy company, is due to announce today that it has secured a €17 million contract to manage the construction of a gas plant with 50 megawatts of solar capacity in Saudi Arabia.
The project will see 40 ESBI staff going to Saudi Arabia over four years, and 15 Saudi engineers coming to Ireland for training.
ESBI has also secured a €12.5 million sub-station contract in Bahrain - and is due to confirm a major project in Botswana in the coming weeks.
The Saudi deal will be confirmed at the ESBI’s 40th annual anniversary event in Dublin Castle later today.
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The number of foreign direct investment (FDI) projects which came into Ireland last year jumped by 6% to 168, according to the latest ‘FDI intelligence report’ from the Financial Times.
Out of the top 10 countries, Ireland and the UK were the only two who experienced growth in project numbers - capital investment - and job creation.
Capital investment into Ireland totalled $5bn - accounting for 4% of the European market share according to the FT’s report.
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UK department store Debenhams says that it expects its full year results to be in-line with market expectations - even though it has seen no sales growth during its third quarter.
Analysts had forecast a fluctuation in sales of between -2% and +0.5% during the 3 month period.
The company expects to deliver pre-tax profits of £111m Sterling for the year.
