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Greece crisis: Taoiseach rules out debt write down for embattled Mediterranean country

Taoiseach Enda Kenny has again ruled out a debt write-down for Greece but has backed debt restructuring for the embattled Mediterranean country. The move would see some of the country’s debt parked for a number of years until a time […]

€11.35m CRO filing penalties account for 61% of revenues

The bulk of revenues generated by the Companies Registration Office (CRO) last year came from penalties imposed on companies filing late annual accounts. According to the CRO’s 2014 annual report, the CRO last year increased the income from late filing […]

Permanent TSB to cut rates on variable-rate mortgages

Permanent TSB has announced interest rate changes for customers with variable rate mortgages. More than 70,000 people with homeloans on rates of 4.5% will move to new rates starting at 3.7%. The exact rate will vary according to how much […]

New trends emerge in house prices

The latest data on residential property prices shows that, after some moderation in the opening two months of the year, they have resumed their upward trajectory, writes Oliver Mangan. Nationally, prices increased by 0.5% in May, after rises of 0.6% […]

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 […]

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