Business News
Dublin market heading for big gain on Brexit hopes Dublin’s ISEQ index is on track for its biggest one-day percentage gain this year, soaring more than 230 points (3.7%) this evening, boosted by optimism that a Brexit deal can be reached. After holding talks yesterday in the UK, Taoiseach Leo Varadkar and British Prime Minister […]
Read MoreChina imports, exports down in September as growth cools China’s imports and exports fell more than expected in September, official data showed today, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy. Globally, China’s exports dropped 3.2% in September from the same period last year, while […]
Read MoreChina imports, exports down in September as growth cools China’s imports and exports fell more than expected in September, official data showed today, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy. Globally, China’s exports dropped 3.2% in September from the same period last year, while […]
Read MoreEconomy to slip into recession after no-deal Brexit – Central Bank The Central Bank has delivered its first detailed forecast for what the economy might look like under a disorderly, no-deal Brexit. The bank believes the worst impact will be felt in the early part of next year. It expects disruption to trade at ports […]
Read MoreIrish mortgage rates still higher than euro zone average New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone. The average interest rate on all new mortgages issued here in August stood at 2.99%, down two basis points since the beginning of […]
Read MoreTech tariffs may spark retaliation from China China has signalled it intends to hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities. Asked yesterday whether China would retaliate over the blacklist, foreign ministry spokesman Geng Shuang told reporters “stay tuned”. […]
Read MoreManufacturer slowdown starts to hit jobs market Jobs growth in manufacturing stalled for the first time since 2016 this month. A fourth consecutive month of weaker manufacturing conditions has started to feed through to weaker hiring data, according to a survey. AIB’s Manufacturing Purchasing Managers’ Index showed a drop in new orders led to a […]
Read MoreGovernment will only borrow if it needs to for no-deal The Minister for Finance has said €650m will be made available to support the Agriculture, Enterprise and Tourism sectors and to assist regions most impacted by a no-deal Brexit. The money will be made available in the event of a no-deal. €220 million of that […]
Read More€1.2 billion package to deal with Brexit – Donohoe The Minister for Finance and Public Expenditure and Reform Paschal Donohoe has today announced an overall package of over €1.2 billion to respond to the threat of a no deal Brexit. Delivering Budget 2020 in the Dáil, Mr Donohoe said some of these funds will be […]
Read MoreFuel prices rise as Dáil passes Budget 2020 carbon tax increase Some key taxation elements of Budget 2020 were passed by the Dáil last night, including the controversial increase in the carbon tax. The number of deputies who voted in favour of the measure was 97, with only 36 opposing the increase and two TDs […]
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