Posts Categorized: Syndicated News

Bank of Ireland set for return to bonds market

Bank of Ireland is set to become the first bailed-out bank to return to the bond markets, after saying it plans to raise funds secured on some of its pool of Irish mortgages. Bank of Ireland is set to become the first bailed-out bank to return to the bond markets, after saying it plans to… Read more »

Government to focus on small firms in EU presidency role

TheGovernment will put growth and competitiveness “at the top of the agenda” when it takes over the EU presidency, Jobs Minister Richard Bruton said yesterday. Speaking at an EU conference for small and medium enterprises in Dublin, Mr Bruton said the union would rely on small firms to drive future growth.

Markets sceptical over ‘cumbersome’ bailout fund

European Central Bank (ECB) governing council member Ewald Nowotny has admitted markets are sceptical about the new European rescue fund, because of cumbersome decision-making. Austria’s Nowotny said he sees scepticism about how quickly funds from the European Stability Mechanism (ESM) can be deployed when they are needed.

Trade surplus rose by €1 billion to record high of €4.9 billion

The figures were stronger than expected and one economist described them as ”stunning”. The CSO data, which are preliminary figures, show an increase in exports of €1.258 billion (16%) in August compared with July. Seasonally adjusted imports increased by €215m (5%), resulting in an increase of €1.043 billion in the seasonally adjusted trade surplus.

Lack of bank competition ‘concern’

The Credit Review Office warned over the declining number of banks lending to small businesses. The declining number of banks making loans to small businesses in Ireland is of increasing concern because of the need to ensure competition and protect customer service, the credit reviewer said.