The National Treasury Management Agency has sold €500m worth of Treasury Bills. The manager of the State’s finances said it received bids worth a total of €1.425 billion – almost three times the amount on offer. The bills have a maturity of six months and were sold at a yield of -0.535%. Today’s auction was […]
Author: splash
EU leaders will resume negotiations this morning on the seven year budget after failing to make any breakthrough in talks late last night. There are still significant gaps between bigger net contributors and poorer member states over the size of the budget and what the spending priorities should be. Leo Varadkar is expected to join […]
Social media platforms and artificial intelligence developers will face new regulations under a European Union plan published today. The European Commission says its digital strategy is designed to make technology more people-focused, while also ensuring its digital industry is not reliant on other countries in the future. It includes changes to the way data is […]
European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand. DUBLIN Glanbia, which is due to publish full-year results next week, was one of the […]
EU leaders will gather in Brussels in an attempt to reach agreement on the next seven-year budget which faces a shortfall of up to €75 billion due to the UK’s departure. A number of richer countries want to limit the increase in the budget to 1% of gross national income, but they are facing strong resistance from […]
Consumer spending in Ireland is forecast to top €111 billion this year, as the consumer economy emerges from a so-called ‘lost decade’. The latest Consumer Market Monitor from the Marketing Institute and the UCD Smurfit Graduate Business School says consumer demand has remained resilient in recent years despite the threat of Brexit. It forecasts a […]
Consumer spending in Ireland is forecast to top €111 billion this year, as the consumer economy emerges from a so-called ‘lost decade’. The latest Consumer Market Monitor from the Marketing Institute and the UCD Smurfit Graduate Business School says consumer demand has remained resilient in recent years despite the threat of Brexit. It forecasts a […]
London’s FTSE 100 rebounded in tandem with global markets on Wednesday as housebuilders advanced after HSBC upgraded its view on the stocks ahead of a first batch of results next week, while the number of new coronavirus cases in China fell. The FTSE 100 added 0.7pc, with Berkeley, Barratt, Taylor Wimpey and Persimmon rising between […]
The number of people in employment rose by 3.5% in the year to December, according to the latest figures in the Labour Force Survey from the Central Statistics Office. The Labour Force Survey is the official source of data for employment and unemployment in Ireland. A total of 2,361,200 people were in employment at the […]
Accountancy firm EY has revised upwards its economic forecast for this year. EY’s latest Economic Eye report said it expects to see GDP growth of 3.4% for 2020. That is expected to moderate to 2.8% in 2021 and 2.7% in 2022. Professor Neil Gibson, Chief Economist for EY Ireland, said they revised the forecast following […]
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