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Banks taking centre stage after Brexit

Central banks from Washington to Tokyo take centre stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the European Union. As they wait for political reassurances and greater clarity over the likely impact of the move, central banks have mostly […]

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Irish business confidence slumped in run-up to UK vote

Business confidence across the island dropped “dramatically” in the first half of the year, as firms awaited the outcome of the UK referendum, a survey shows. The latest Global Economic Conditions Survey for the second quarter, from the Association of Chartered Certified Accountants, shows a dip in confidence across the OECD linked to the Brexit […]

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Enterprise Ireland on post-Brexit trade blitz

Enterprise Ireland has beefed up the number of international trade missions for the remainder of its year in the wake of Brexit, with 26 ministerial-led trips set to take place. The full programme of events – 68 in total – includes ministerial-led trade missions, inward buyer visits, market study visits, international trade fairs, embassy events […]

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UK economy shrinking at fastest rate since financial crisis post Brexit vote, services PMI shows

Britain’s economy appears to be shrinking at the fastest rate since the financial crisis in the wake of last month’s Brexit vote, according to a business activity index that posted the biggest drop in its 20-year history. An early edition of Markit’s purchasing managers’ indices showed the services sector – one of the few drivers […]

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Central Bank for sale with €60m price tag

The Central Bank is to put its headquarters on Dame Street and two other premises on Dublin’s College Green on the market in the coming months, with sources estimating they could fetch upwards of €60m. The bank expects to be able to start moving into its new purpose-built office accommodation on North Wall Quay by […]

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Irish debt investors looking beyond GDP after distorted figures – NTMA

Ireland’s distorted gross domestic product (GDP) figures has made them less useful to potential investors into Irish debt, the National Treasury Management Agency (NTMA) has said. Figures released from the Central Statistics Office last week pointed to an enormous 26pc increase in Ireland’s GDP. Ireland’s growth was distorted by tax inversion deals by pharmaceutical companies […]

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Ireland needs domestic investment in wake of Brexit

The National Competitiveness Council (NCC) has called for policies to be introduced that will ensure long-term fiscal sustainability in its annual report published on Thursday. The NCC says that the Irish economy faces a number of external threats, and that the Government need to implement measures that can buffer the domestic economy against potential external […]

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Housing crisis: Minister is accused of ‘playing with figures’ in action plan

Sinn Féin has accused Housing Minister Simon Coveney of “playing around with figures” in his Action Plan for Housing and Homelessness. The party’s housing spokesman Eoin Ó Broin said it was “certainly better” than a plan to provide social housing by former minister Alan Kelly. But he claimed: “The minister’s playing around with figures. It’s […]

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Housing crisis: Minister is accused of ‘playing with figures’ in action plan

Sinn Féin has accused Housing Minister Simon Coveney of “playing around with figures” in his Action Plan for Housing and Homelessness. The party’s housing spokesman Eoin Ó Broin said it was “certainly better” than a plan to provide social housing by former minister Alan Kelly. But he claimed: “The minister’s playing around with figures. It’s […]

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Bank of Ireland to close eight Northern Ireland branches

Bank of Ireland is to cut 20pc of its branch network in Northern Ireland reducing its number of outlets in the North to 28 from 36. The bank said its branch network in the Republic won’t be affected by the cuts. It is understood 54 roles have been affected by the cuts, however the bank […]

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