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German economy had decent start to second quarter, but growth to slow, ministry says

The German economy had a decent start to the second quarter but its growth pace is likely to slow during the course of the April-June period, the economy ministry said on Friday. Europe’s largest economy was on a solid growth path, the ministry said in its monthly report, but the external environment remained tough and […]

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Interest in Irish loans is waning says Nama dealmaker

IT is getting much more difficult to sell Irish loan portfolios to international investors as interest in the country wanes, according to one of the most important figures in the property industry. Cushman & Wakefield head of European loan sales Federico Montero, said the market was “getting tougher and tougher” to sell Nama portfolios. “Nama […]

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Bank of Ireland to resist variable interest rate cut as AIB reduces rate to 3pc

BANK of Ireland is to hold firm and resist attempts to cut its variable rate. But AIB will reduce its variable rates to 3pc for all customers, while Permanent TSB will cut its rate to the same level for new customers. There will be a reduction in the Permanent TSB manged variable rate, where existing […]

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Inflation up as car, health and home insurance costs increase

THE cost of insuring cars and commercial vehicles has gone up again. Motor insurance premium rates were 35.2pc higher in May compared with the same month last year. The figures, which have been just released from the Central Statistics Office, also show the cost of petrol and diesel rising in the month. And other insurance […]

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Oil hits eight-month highs on U.S. inventory draw

Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data showing a larger-than-expected drawdown in US crude inventories, worries about attacks on Nigeria’s oil industry and strong Chinese demand for oil. London Brent crude for August delivery LCOc1 was up 2c at $51.46 a […]

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State tipped to offload AIB and Bank of Ireland shares

The Government will potentially sell shares in both AIB and Bank of Ireland next year, specialist bank Investec has said. Finance Minister Michael Noonan has said the sale of no more than 25pc of AIB will take place next year, but there are no plans as yet for the Government to sell down its 14pc […]

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Fiscal Council says State needs extra €6bn over next five years

The Government will need an extra €6bn over the next five years just to maintain current spending needs, the State’s budgetary watchdog has said. That’s over half the projected amount of money the Government has estimated is available for extra spending out to 2021. Finance Minister Michael Noonan has said the amount of leeway the […]

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1,700 homes promised a year ago – not one has been built

Local authorities have failed to build any of the 1,700 ‘shovel-ready’ social houses promised more than a year ago. Architects and design teams are only now being appointed for some developments – 13 months after the previous Government announced a €312m investment programme which it claimed was part of an “aggressive” plan to tackle the […]

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Ryanair ranked ninth biggest airline in world on Forbes list

RYANAIR has been ranked the ninth biggest airline in the world in the Forbes list. Ranked at number 742, the biggest airline on the list was Delta followed by United Continental Holdings. Aer Lingus and BA owner was third and Lufthansa was fourth in the list of the world’s biggest public companies by sector. Unsurprisingly, […]

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Domino’s Pizza tapping in Euro 2016 takeaway market with creation of 600 jobs here

DOMINO’S Pizza is tapping into the Euro 2016 and Olympics markets with the creation of 600 jobs in Ireland and 10,000 roles in run-up to games. It is also creating 400 jobs in Northern Ireland with the majority of the roles being created across the UK in anticipation of a run on pizza orders from […]

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