Category: Syndicated

Early gains fade for European shares as virus fears weigh

February 25, 2020By splashshares, Syndicated

European shares edged lower today after recording their worst losses since June 2016 in the previous session. Trading was still dominated by concern that the coronavirus outbreak is spreading fast outside China. After opening up about 0.4%, the pan-European STOXX 600 shed those gains more than hour into trading to trade 0.3% lower. Banking shares were […]

EU budget summit ends with no agreement

February 24, 2020By splashbudget, Syndicated

A marathon EU summit called to set the next seven-year budget ended in impasse tonight after the 27 member countries failed to find common ground. The two-day gathering saw a stand-off between poorer countries and “frugal” member states seeking to rein in spending. The departure of the UK means there will be a hole of […]

Hotel sector reports mixed performance for 2019

February 24, 2020By splashhotel, Syndicated

The hotel and guesthouse sector here experienced a mixed performance for 2019, against the backdrop of a significant fall in overseas visitor growth. New figures from the Irish Hotels Federation show that room occupancy nationally grew marginally during the year, finishing at 73% compared to 72% in 2018. However, the wide gap between the occupancy […]

Virus pandemic fears knock European markets

February 24, 2020By splashMarkets, Syndicated

A jump in number of coronavirus cases outside China hit European shares this morning, as investors feared the outbreak will take a bigger toll on global growth than anticipated. The pan-European STOXX 600 tumbled 2.5% in early trade, on pace for its biggest percentage loss since October, with all the major regional indexes down over […]

Consumer prices rose by 1.3% in year to January

February 21, 2020By splashconsumer, Syndicated

Consumer prices rose by 1.3% in the year to the end of January, according to the Central Statistics Office, maintaining the level recorded at the end of 2019. Prices fell on a monthly basis, however, by 0.7%. According to the CSO prices in education saw the biggest increase over the 12 month period, up 4.1%. […]

NTMA sells €500m of Treasury Bills with -0.535% yield

February 21, 2020By splashNTMA, Syndicated

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 […]

Significant gaps as EU budget negotiations to resume

February 21, 2020By splashbudget, Syndicated

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 […]

European Union plans new rules around AI, data sharing

February 20, 2020By splasheu, Syndicated

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 hit record high on drop in new coronavirus cases

February 20, 2020By splashshares, Syndicated

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 face tough negotiations over budget

February 20, 2020By splashbudget, Syndicated

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 […]

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