ECB weighs further action as economic picture darkens

The European Central Bank will make plain the euro zone’s economic malaise after it meets today, with a rare public call from Washington adding to pressure for action to stop the bloc going into reverse. With recovery stalled across many […]

Consumers urged to ‘think twice’ about moneylending loans this Christmas

The Central Bank is urging consumers to “think twice” before taking out additional loans from moneylending firms this Christmas. “Households often have additional expenses at this time of year, and consumers could be tempted to take out additional loans to […]

Surge in jobs key to €1.1bn extra tax for State coffers

Finance Minister Michael Noonan declared it was “a good year for tax” as new figures show the State taking in €1.1bn more than predicted this year. However, the minister’s pleasure at a bumper tax take risks raising the hackles of […]

Irish services sector keeps up robust pace of growth in November – PMI

Irish services sector activity expanded rapidly again in November, suggesting that the economy will finish the year with solid growth. The Investec Purchasing Managers’ Index of activity in the services sector, which covers businesses from banks to hotels, inched up […]

German and British opposition could hurt plan to cut taxes for innovative companies – Finance Minister

Finance Minister Michael Noonan has signalled that German and UK opposition could hamper plans for a so-called “knowledge development box” announced in the Budget. The scheme, which would cut taxes for innovative companies, will be implemented as part of next […]

Decision to end ‘double Irish’ loophole ‘extremely smart’

Leading OECD official says Government decision sent out positive message internationally. The announcement by Ireland that it is ending the so-called “double Irish” tax structure was perceived as “extremely smart”, a leading official from the Organisation for Economic Cooperation and […]

Nama picks up pace of repayments with €1bn bond deal

The National Asset Management Agency will start paying off the second half of its €30.2 billion debt tomorrow with the repayment of a €1 billion bond. The transaction comes as the “bad bank” backs the €150 million redevelopment of the […]

Government’s gamble to ignore Troika is paying off

The Government’s decision to ignore the advice of the Troika and the Fiscal Advisory Council in opting for a less punitive budgetary approach in Budget 2015, “seems to be paying off”, economist Jim Power said on Tuesday. “This gamble was […]

Euro zone manufacturing stalled in November

Euro zone manufacturing growth stalled in November and new orders fell at the fastest pace in 19 months despite heavy price cutting, painting a bleak picture for the coming months, a survey has shown today. Also worryingly for policymakers at […]

Irish manufacturing marks 18 months of growth in November – PMI

Irish manufacturing activity increased for the 18th month in a row in November as exporters saw new orders flood in at the fastest rate in almost four years. Ireland last year became the first bailed-out euro zone country to exit […]

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