splash, Author at Michael F. Dolan & Co

World markets rally as US agrees $2 trillion stimulus package

March 25, 2020By splashMarkets, Syndicated

After earlier strong gains, European shares were mixed today after an enormous $2 trillion US stimulus package and evidence of moves by companies to deal with the financial effects of the Covid-19~crisis failed to offset the impact on markets of a surge in cases around the world. After jumping as much as 5.1% in earlier trade, […]

Covid-19 unemployment support payments to be increased to €350

March 25, 2020By splashSyndicated, unemployment

The Government is to increase the Covid-19 Pandemic Unemployment Support payment for people who have been laid-off due to the virus from €203 to €350. The payment will also apply to the self-employed affected by the virus. However, people who are already unemployed due to reasons other than Covid-19 will remain on the usual Jobseekers’ […]

Virus hit firms will be able to defer rates payments

March 23, 2020By splashpayments, Syndicated

Businesses most impacted by the coronavirus outbreak will be able to defer the payment of their commercial rates for three months under a plan agreed by the Government with local authorities. The deal will relate primarily to the retail, hospitality, leisure and childcare sectors and will last until the end of May. In a statement, […]

EU to suspend budget rules as ECB relaxes regulations

March 23, 2020By splashbudget, Syndicated

The European Commission has said the EU would suspend its strict rules on public deficits to allow governments to open the money taps to face the coronavirus pandemic. In an unprecedented decision, Brussels triggered something called the “general escape clause”, giving countries free rein to “inject spending into the economy as needed,” EU chief Ursula […]

Recession a possibility as a result of virus; Davy

March 23, 2020By splasheconomy, Syndicated

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 […]

European rout pauses as ECB stimulus measures calms recession panic

March 19, 2020By splashecb, Syndicated

European 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 […]

Banks announce measures for customers and businesses impacted by Covid-19

March 19, 2020By splashSyndicated

The 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 […]

ECB announces €750bn bond purchase scheme amid Covid-19 crisis

March 19, 2020By splashSyndicated

The 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 […]

Retail group expects 200,000 more job losses over Covid-19 pandemic

March 18, 2020By splashretail, Syndicated

Retail 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 […]

EIB pledges €40bn to tackle virus fallout

March 18, 2020By splashbanking, Syndicated

The 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 […]

Page 307 of 313« First «...10 20 30...305 306307308 309...»Last »

Author: splash