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News

Growth in mortgage approvals slows in May

The growth in mortgage approvals tailed off slightly last month despite an increase of more than 20% on an annual basis. A total of 2,461 mortgages were approved in May, according to new figures released by the Banking and Payments […]

Steep fall in numbers of insolvent businesses

Insolvencies in some parts of the country have nosedived by more than 50% in the past month despite a quarterly nationwide increase, two reports indicate. Data compiled by Vision-net.ie shows that Cork saw a 55% drop-off in insolvencies this month […]

Burden on first time buyers

First-time buyers bear a greater burden of the costs arising from mortgage lending restrictions despite being 30% less likely to default on their loans than other homeowners. Research by the Central Bank shows first-time buyers are far less likely to […]

Burden on first time buyers

First-time buyers bear a greater burden of the costs arising from mortgage lending restrictions despite being 30% less likely to default on their loans than other homeowners. Research by the Central Bank shows first-time buyers are far less likely to […]

IMF wants harsher budget cuts to lower deficit

The IMF has urged Minister for Finance Michael Noonan to cut its budget deficit much more quickly in the budget—the last before the election. The warning — delivered in its third post-bailout monitoring report published yesterday — implies the IMF […]

Sterling hits best rate in month versus the dollar

The pound rose to its strongest level in a month against the dollar as the fastest increase in Britons’ wages since 2011 had traders rushing to reassess how soon the Bank of England may raise interest rates. Sterling extended its […]

European Commission insists Europe tax plan is fair

Revised plans to make sure companies operating in the EU pay tax in some jurisdiction in the union got a mixed reception after the European Commission outlined the details. While the commission insists the plans would not interfere with each […]

Central Bank warning on costs of SME loans

The Central Bank has issued its rosiest outlooks on the economy since the end of crisis, but warned that the cost of credit for small and medium businesses is rising, rather than falling as seen elsewhere in Europe. Criticised for […]

Economic rising tide could leave us high and dry

Exports, a key artery in the heart of the economy, are booming. Data in April showed a 30% rise year-on-year, while the export of goods are up 20% year to date. Ireland, in a global context, is a somewhat unusual […]

Interest remains in Irish assets

Recent research from Morgan Stanley suggested an all-time low for exploration-related M&A activity in the first quarter of 2015. But despite slow movement in oil sector consolidation and investment, confidence remains that global players haven’t given up on the Irish […]

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