News
A cross bank co-ordination group is working on an industry wide plan to best manage the continued provision of banking services in the event of an escalation of the coronavirus nationally or an outbreak of the virus in a particular area of the country. The group, which is chaired by Banking & Payments Federation Ireland, […]
Read MoreFactory activity grew for a second month in a row in February on strong output and orders, a survey showed today. But concerns about coronavirus and a domestic political stalemate tempered expectations for future growth. A six-year expansion in manufacturing came to an end in June as a slowdown in global trade and uncertainty over […]
Read MoreFactory activity grew for a second month in a row in February on strong output and orders, a survey showed today. But concerns about coronavirus and a domestic political stalemate tempered expectations for future growth. A six-year expansion in manufacturing came to an end in June as a slowdown in global trade and uncertainty over […]
Read MoreRetail sales volumes increased by 3.7% on an annual basis in January, new figures from the Central Statistics Office show. But retail sales were down 3.4% on a monthly basis following strong sales in December that last year included the “Black Friday” deals period. The CSO said that when volatile car sales are excluded, the […]
Read MoreRetail sales volumes increased by 3.7% on an annual basis in January, new figures from the Central Statistics Office show. But retail sales were down 3.4% on a monthly basis following strong sales in December that last year included the “Black Friday” deals period. The CSO said that when volatile car sales are excluded, the […]
Read MoreEuropean shares steadied in opening trade this morning after their worst weekly showing since the 2008 financial crisis. Shares were higher on rising hopes that major central banks will step in to counter the impact of the coronavirus epidemic on global growth. The pan-European STOXX 600 index rose 1.8% after a 12% slump last week, […]
Read MoreLending to euro zone companies held at a two-year low last month despite lending to households hitting yet another post-crisis high, European Central Bank data showed today. Today’s new figures highlighted a growing divergence in the bloc’s economy. Struggling under the weight of a global trade war and a manufacturing recession euro zone exporters have […]
Read MoreWhile Ireland’s stock of sovereign debt is still high, the risk it presents to the country’s economic future is now low due to a lower interest bill, better government finances and higher credit ratings. This is according to the chief executive of the National Treasury Management Agency. “I would caution that we are still not […]
Read MoreEuropean shares sank between 2% and 3% this morning as investors feared a global recession is on the horizon with the coronavirus spreading across the world. Four more countries – including Northern Ireland – reported their first cases of coronavirus, pushing the number of countries outside China, the source of the outbreak with infections, to 55. The […]
Read MoreThe European Commission has claimed that “Ireland’s tax rules are used for aggressive tax planning”. The claim is made in a report on the Irish economy published today. The report is part of a package of reports on all member state economies regularly produced by the Commission. The Commission makes specific reference to withholding taxes, […]
Read More