Author: Practicenet

The European Union plans to give itself powers to move euro clearing business away from London’s financial sector to the EU after Brexit and to adopt a model closer to that operated by the United States. The draft law would, as a last resort, force euro-denominated clearing business to shift from London to the bloc […]

Until recently Euro clearing was an obscure corner of the financial markets that mattered mostly to the people who worked in it and their clients. Clearing is part of the plumbing that keeps financial markets churning along. Clearing houses stand between the parties to big financial trades and speed up what can be complex transactions. […]

Holidaymakers are taking huge risks by not buying adequate travel insurance, a financial expert has warned. Families are leaving themselves financially exposed by having no travel cover in place or by having inadequate insurance. Many holidaymakers rely on the fact they have health insurance, but this often does not cover them for claims if they […]

Your Business Live, Ireland’s major SME event brings you the Irish Business Monitor – an indicator for businesses in Ireland, in partnership with SFA, IBEC and Enterprise Ireland. Please answer our survey to ensure that your business is part of this monitor across sectors, industries and regions. Your contribution is important to us. Your Business […]

Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed price upswing even though rising US drilling helped keep physical markets bloated. Brent crude futures were up by 85 cents at $49 per barrel by midday, after hitting a session high of $49.15. US West Texas […]

Mobile phone charges for roaming calls and texts in the EU are to finally end this week. However, consumers are being warned that they could still face steep EU roaming bills for using services such as Facebook, WhatsApp and Instagram. The new EU-wide law comes into force on Thursday, June 15. Under the rules, all […]

Taoiseach-designate Leo Varadkar said on Monday that Theresa May’s failure to win a majority in last week’s election might result in a softer Brexit. Varadkar said that members of Northern Ireland’s DUP, who May is looking to for support in government to achieve a working majority, and the Scottish wing of the Conservative party would […]

Activity in Ireland’s construction sector accelerated sharply last month and at one of the fastest rates in the 17-year history of the Ulster Bank Construction Purchasing Managers’ Index. Figures released this morning show the sector continues to remain upbeat. The index rose to 63.6 in May, compared to 61.3 in April. Any figure over 50 […]

Yields on this week’s €500m auction of short-term government debt are expected to remain in negative territory as investors continue to pay the state for the privilege of holding their money. The National Treasury Management Agency announced in a statement today that it has scheduled an auction of one-year dated Treasury Bills for Thursday morning. […]

As the UK election bombshell unfolds this morning, business owners in Ireland already having to deal with the uncertainty around Brexit will be waking up to further reasons for concern. Below are three things that Irish businesses should monitor. 1. Falling sterling Falling sterling – for now the market is reacting very sensitively to developments. […]