Syndicated News

16 Sep

ECB announces measures to kick start euro zone economy

ECB announces measures to kick start euro zone economy The European Central Bank today promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory, an effort to prop up the ailing euro zone economy. The moves come in the final weeks of ECB President Mario Draghi’s mandate. They will […]

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16 Sep

France urges EU rules on cryptocurrencies, warns of Libra risks

France urges EU rules on cryptocurrencies, warns of Libra risks The European Union should create a common set of rules for virtual currencies, currently largely unregulated in the bloc, to counter risks posed by Facebook’s cryptocurrency Libra, France’s Finance Minister said today. The 28-nation EU does not have specific regulations on cryptocurrencies. So far cryptocurrencies […]

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16 Sep

Economy grows by 0.7% in Q2 as Q1 growth revised upwards

Economy grows by 0.7% in Q2 as Q1 growth revised upwards The economy – when measured by gross domestic product – grew by 0.7% the second quarter of this year compared to the first quarter, new figures from the Central Statistics Office show today. On an annual basis, the economy grew by 5.8%, the CSO […]

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13 Sep

Higher rents and mortgages push inflation higher

The annual inflation rate in August rose to 0.7% from 0.5% a month earlier, new figures from the Central Statistics Office show. Inflation had risen above 1% year-on-year for the first time in six years in March but slipped back below that level in July. August saw consumer prices rising on the back of higher […]

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13 Sep

Minister to write to 220,000 businesses over Brexit

The Minister for Business is to write to 220,000 companies all over the country to highlight the need for the them to take urgent action to protect their businesses against the risks posed by Brexit. The letters will be issued through the Companies Registration Office and will tell firms about the supports that are available […]

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12 Sep

Better to preserve resources than cut taxes in Budget 2020 – Donohoe

Better to preserve resources than cut taxes in Budget 2020 – Donohoe Minister for Finance Paschal Donohoe has said it will be far better off preserving resources to deal with the possibility of a no-deal Brexit, rather than reducing taxes in Budget 2020. Yesterday, Cabinet agreed to base Budget 2020 on the assumption that there […]

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10 Sep

Nervous bondholders switch from Irish debt

Nervous bondholders switch from Irish debt Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and are now starting to get nervous. In Ireland’s case, the UK’s political turmoil means a no-deal Brexit could spark worries over credit risks. So far Irish debt has been relatively immune to […]

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10 Sep

Sterling rebounds on data surprise, Brexit hopes

Sterling rebounds on data surprise, Brexit hopes Sterling rebounded from early lows today and headed towards a five-week high as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the British currency. Against the dollar, the pound gained 0.6% to $1.235 after […]

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10 Sep

Construction PMI sees first rise in four months

Construction PMI sees first rise in four months Construction activity picked up for the first time in four months in August – normally a quiet month for the industry – the latest Construction Purchasing Managers Index from Ulster Bank shows. The construction PMI rose to 53.7 in August from 51.4 in July. Ulster Bank said […]

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