Reform of SME credit fund

Changes to the Government’s microfinance support fund were yesterday welcomed, with the improvements tipped to open the scheme up to more businesses and improve awareness among SMEs. Businesses looking to access loans of up to €25,000 from Microfinance Ireland (MFI) […]

Central Bank asks for budgetary restraint is needed

The Central Bank has warned that the economy remains vulnerable to adverse shocks and said further financial consolidation will be needed to meet medium-term budgetary objectives. Speaking yesterday at the publication of its latest quarterly economic outlook, Central Bank chief […]

Irish manufacturing sector expands steadily in March

Irish manufacturing firms registered a further strong improvement in operating conditions during March, according to the latest Investec Manufacturing Purchasing Managers’ Index (PMI), with the pace of job creation at levels not seen since 1998. The manufacturing sector expanded in […]

Feelgood factor should be tempered with caution

Economists often struggle to isolate the factors that are driving an economy up or down. Historic data is a cornerstone of any economic analysis, so having your finger on the pulse of what is happening in real time can be […]

Eurozone debt at ‘danger zone’ level

DEBT in the Eurozone is at dangerous levels, the head of Germany’s central bank has warned. Jens Weidmann, who is also on the governing council of the European Central Bank (ECB), called for banks’ exposure to the debt of individual […]

Irish company failures decline 17% year-on-year in first quarter

The first three months of 2015 have seen a 17% year-on-year decrease in company failures. However, statistics from Deloitte also show the 250 cases of corporate insolvency for the first quarter are up 13% on the final quarter of 2014. […]

Currency volatility set to continue

A noticeable feature of foreign exchange markets this year has been much greater uncertainty and volatility, writes Oliver Mangan. Key exchange rates have moved out of well-established trading ranges, while there have been big currency moves over short periods of […]

ECB ‘quietly shelves euro clearing house policy’

The European Central Bank has quietly shelved its policy of requiring clearing houses handling euro-denominated securities to be located inside the euro zone, after the measure was rejected by a top European court, a source at the central bank said. […]

ECB policy triggers rise in eurozone bank lending

Lending to companies and households in the eurozone rose for a fourth month in February, signalling that the ECB’s record monetary stimulus is finally reaching the real economy. Eurozone bank lending climbed 0.2% from January, the ECB said yesterday. The […]

Pensions specialist IFG anticipates ‘meaningful growth’

Financial services group, IFG anticipates “meaningful growth” in group profitability in 2015 and has said it will adopt “a more progressive” approach to dividend payments to shareholders. The Dublin-headquartered pensions specialist — which is now wholly focused on the UK […]

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