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Stockbroker Davy has said the Irish economy could contract in 2020 as a result of the coronavirus pandemic. In a range of possible scenarios outlined in a paper on the economy, chief economist Conall MacCoille describes the impact as ‘highly uncertain’. He said the stockbroking firm was delaying revising downwards its forecast for growth in […]
Read MoreEuropean shares edged higher from near-seven year lows today as another set of dramatic stimulus measures by the European Central Bank injected a ray of hope around its preparedness to tackle a major health crisis gripping the world. The pan-European STOXX 600 index was up 0.5% in opening trade. The European Central Bank joined peers […]
Read MoreThe main banks are to introduce a range of measures to help those affected by the outbreak of coronavirus. They include including a payment break up to three months, the deferment of court proceedings and the provision of working capital support to support businesses and personal customers. It follows a meeting between representatives of the […]
Read MoreThe European Central Bank on Wednesday announced a surprise €750 billion scheme to purchase government and corporate bonds. It comes as it joined other central banks in stepping up efforts to contain the economic damage from the coronavirus. The ‘Pandemic Emergency Purchase Programme’ comes just six days after the ECB unveiled a big-bank stimulus package that failed to […]
Read MoreRetail Excellence has forecast that another 200,000 people will be out of work by the end of this week because of the measures put in place to tackle the coronavirus. This is in addition to the estimated 140,000 people who have already lost their jobs since the measures were announced last Thursday. Retail Excellence Chief […]
Read MoreRetail Excellence has forecast that another 200,000 people will be out of work by the end of this week because of the measures put in place to tackle the coronavirus. This is in addition to the estimated 140,000 people who have already lost their jobs since the measures were announced last Thursday. Retail Excellence Chief […]
Read MoreThe European Investment Banks (EIB) is to make up to €40bn available to counteract the economic crisis caused by the Covid-19 outbreak. The organisation has also called on its members to set up a further guarantee for small and medium sized firms. The bank said the money could be made available at short notice. It […]
Read MoreThe European Investment Banks (EIB) is to make up to €40bn available to counteract the economic crisis caused by the Covid-19 outbreak. The organisation has also called on its members to set up a further guarantee for small and medium sized firms. The bank said the money could be made available at short notice. It […]
Read MoreEuropean exchanges have vowed to stay open for business despite extreme volatility triggered by the coronavirus epidemic and four countries banning short-selling to shield some of Europe’s biggest companies. The Federation of European Securities Exchanges (FESE) said European exchanges will and should continue to remain open at all times. “Closing the markets would not change […]
Read MoreEuropean exchanges have vowed to stay open for business despite extreme volatility triggered by the coronavirus epidemic and four countries banning short-selling to shield some of Europe’s biggest companies. The Federation of European Securities Exchanges (FESE) said European exchanges will and should continue to remain open at all times. “Closing the markets would not change […]
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