Category: Syndicated

Stock markets boosted by fresh trade hopes

September 3, 2019By Practicenetstock, Syndicated

Stock markets boosted by fresh trade hopes Renewed hopes for trade talks boosted stock markets today after China said it would not retaliate against the latest US tariffs, setting up a positive end to a volatile week. New trade optimism helped alleviate gloom about predictions for a coming slowdown in the world economy, analysts said. […]

Biggest growth in consumer lending in over 10 years; Central Bank

August 31, 2019By Practicenetlending, Syndicated

Biggest growth in consumer lending in over 10 years; Central Bank New lending for car purchase in the year to July reached its highest level since the Central Bank started measuring the indicator in 2012. According to the regulator’s figures, gross new lending for car purchase hit €2.1 billion in the twelve month period. Arrangements […]

Euro zone inflation remains low

August 31, 2019By Practiceneteurozone, Syndicated

Euro zone inflation remains low Euro zone inflation remained low at 1% in August, well below the European Central Bank’s target, bolstering market expectations that the bank will further ease monetary policy next month. The European Union’s statistics office said that inflation in the 19 countries sharing the euro was unchanged from the July reading, […]

Government urged to set up €1bn Brexit Response Fund

August 30, 2019By Practicenetgovernment, Syndicated

Government urged to set up €1bn Brexit Response Fund The British-Irish Chamber of Commerce has called on the Government to set up a €1bn Brexit Response Fund to help Irish businesses withstand a ‘Brexit shock’. It said such a fund would assist the most vulnerable businesses through the Brexit period. The chamber said the Government […]

Average weekly pay increased at fastest pace in a decade in Q2

August 30, 2019By Practicenetpay, Syndicated

Average weekly pay increased at fastest pace in a decade in Q2 Wage pressures are continuing to take hold in the economy with average weekly earnings growing by 3.5% in the year to June, the highest rate of growth in around a decade. According to figures from the CSO, average weekly earnings stood at €771.12 […]

‘Reduce national debt with any corporate tax windfall’ – Central Bank

August 29, 2019By Practicenetdebt, Syndicated

‘Reduce national debt with any corporate tax windfall’ – Central Bank The Acting Governor of the Central Bank has urged the Minister for Finance to use any unexpected windfall in corporate tax this year to reduce the national debt, which stands at just over €200 billion. In a pre-Budget letter to the Minister published today, […]

Car sales slump drives Ireland’s retail activity 4.3pc lower in July

August 29, 2019By Practicenetretail, Syndicated

Car sales slump drives Ireland’s retail activity 4.3pc lower in July An unseasonal slump in new car purchases drove Ireland’s retail sales sharply lower last month, the Central Statistics Office reported on Wednesday. Sales declined by 4.3pc in both value and volume terms versus June levels, chiefly because many Irish car hunters are opting to […]

Sterling dives as fears of no-deal Brexit grow

August 29, 2019By Practicenetsterling, Syndicated

Sterling dives as fears of no-deal Brexit grow Sterling dived as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before October 31. Mr Johnson said he would schedule a Queen’s Speech for October 14 in order to launch new […]

US firms make $83bn profits in Ireland

August 28, 2019By Practicenetprofits, Syndicated

US firms make $83bn profits in Ireland American multinationals made more profits in Ireland in 2017 than in six of the world’s largest economies combined, according to new official data. The Bureau of Economic Analysis released its annual report into the activities of American multinationals on Monday and it showed they reported $83bn in profits […]

Ireland is not a tax haven – Dept of Finance

August 28, 2019By PracticenetSyndicated, tax

Ireland is not a tax haven – Dept of Finance Ireland does not meet any internationally recognised standard of being a tax haven, according to a statement from the Department of Finance. The department is reacting to a report in today’s Irish Independent detailing new figures which show that US mulitnational companies based in Ireland, […]

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