A new report on credit unions show that they continue to face financial challenges in terms of income generation and return on assets due to the low interest rate environment and high cost metrics. But the report from the Central Bank said that on a positive note, the credit union sector continues to demonstrate a […]
Category: Syndicated
The economy – as measured by gross domestic product – grew by 1.7% in the third quarter of this year from the second quarter. GDP stood 5% higher than it was a year ago, new figures from the Central Statistics Office show today. The CSO also said that quarterly GDP growth for the second quarter […]
The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans and pork, […]
Average motor insurance premiums in Ireland rose 42% between 2009 and 2018, despite a decrease of 2.5% in the average cost of claims per policy over the same period, new data has revealed. The statistics also show that the average legal costs for motor insurance injury claims settled through litigation between 2015 and 2018 were […]
Euro zone business growth remained weak in December, with tepid foreign demand exacerbating a contraction in manufacturing and offsetting a slight pick-up in services activity. IHS Markit’s Euro Zone Composite Flash Purchasing Managers’ Index (PMI), seen as a good guide to economic health, stayed at 50.6 in December, a touch below a median 50.7 predicted […]
The Minister for Business, Enterprise and Innovation, Heather Humphreys has today launched a five year plan to future-proof the manufacturing sector here. Ireland’s Industry 4.0 Strategy was launched at the Irish Manufacturing Research Centre in Mullingar in Co Westmeath. It aims to help firms respond to the transformation of the manufacturing sector being driven by […]
A new survey has found that more than half of small and medium-sized Irish enterprises are experiencing some or significant impact as a result of Brexit. The research also found that a third of SMEs have postponed a business decision or investment because of the uncertainty around the UK’s departure from the EU, up from a fifth […]
New European Central Bank chief Christine Lagarde today said the bank would next month launch a major “strategic review” of the bank’s tools and goals, its first since 2003. Christine Lagarde told reporters the reassessment would start “in the course of January” and aim to be completed by “the end of 2020”. The review “will […]
New Central Statistics Office figures show that consumer prices rose by 1.1% in November from 0.7% in October on the back of higher rents and mortgage interest repayments and education costs. This was the highest rate of inflation since June of this year. The CSO said that housing, water, electricity, gas and other fuel prices […]
The White House has reached a “deal in principle” with Beijing to resolve the 17-month US-China trade war, according to a source briefed on the trade talks The White House was expected to make an announcement later today, the source said. “The written agreement is still being formulated, but they have reached an agreement in […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Mobile: +353 (0)86 2550866
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Web: www.michaelfdolan.ie
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