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Banks’ mass asset sell-off could finally break Europe’s lending freeze

A wave of deals could be a boon to the region’s economy if the banks use it to free up capital to increase new lending. Banks across Europe have shunted more businesses, bad loans and spoiled investments into units to […]

London property boom at fever pitch

Londoners have long abandoned the notion that talking house prices is trashy and – with the property market seemingly at bursting point – even the smartest of people are gripped by land fever. Property in the capital caught fire in […]

Bond yields fall on expectations of ECB move

Irish bond yields fell to fresh lows yesterday as global markets rallied on expectations that the European Central Bank had moved a step closer to making billions of euro in asset purchases to jump-start the region’s spluttering economy. The yield […]

Economy set to grow by 3.1pc this year as recovery broadens

Releasing its forecast this morning, Ulster Bank said it expects the country’s gross domestic product (GDP) to rise by 3.1pc in 2014 as the recovery becomes “more broadly based”. It said that this year will mark the first since 2007 […]

We’re working longer hours and are being paid less

But the results vary massively from one industry to another, and especially between the public and private sectors. Average weekly earnings fell to €688.15 by the end of June this year, down from €695.53 a year earlier, according to preliminary […]

Fine Gael junior minister calls for income tax cuts in budget

The income tax taken from pay packets should be reduced in the upcoming Budget, according to Minister of State for Finance Simon Harris. Many Government ministers were conscious that people paid 41 per cent income tax once they earned €32,800 […]

Economy set to grow by 3.1pc this year as recovery broadens

Releasing its forecast this morning, Ulster Bank said it expects the country’s gross domestic product (GDP) to rise by 3.1pc in 2014 as the recovery becomes “more broadly based”. It said that this year will mark the first since 2007 […]

Employment in manufacturing sector rises at fastest rate for 15 years

Output increased for the 12th month running, with the rate of expansion remaining sharp despite slowing from the previous month. Higher sales was the main factor leading to an increase in production, according to the latest Purchasing Managers’ Index for […]

Wall Street banks plan move to Ireland if UK quits EU

A newspaper report has quoted sources as saying Bank of America, Citigroup and Morgan Stanley were considering Ireland as a favourable location if they needed to shift operations. Plans are said to be at an early stage but attention is […]

Fall in the number of SME businesses in growth mode

And more than 80pc of firms questioned said they were not exporting, according to the latest assessment of the SME sector from cross border development body InterTrade-
Ireland. Its Business Monitor survey for the second quarter found that the number of […]

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