Posts Categorized: Syndicated News

Oil falls as US, China add more tariffs in trade war

Oil falls as US, China add more tariffs in trade war Oil prices weakened this morning after new tariffs imposed by the US and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel this morning, while… Read more »

Third week of gains for the pound after volatile few days

Third week of gains for the pound after volatile few days After a volatile week, the British pound was on course for its biggest monthly gain since February. It was partly accounted for by a drop in the euro which encouraged investors to buy the pound. The single currency fell more than half a percent… Read more »

Stock markets boosted by fresh trade hopes

Stock markets boosted by fresh trade hopes Renewed hopes for trade talks boosted stock markets today after China said it would not retaliate against the latest US tariffs, setting up a positive end to a volatile week. New trade optimism helped alleviate gloom about predictions for a coming slowdown in the world economy, analysts said…. Read more »

Biggest growth in consumer lending in over 10 years; Central Bank

Biggest growth in consumer lending in over 10 years; Central Bank New lending for car purchase in the year to July reached its highest level since the Central Bank started measuring the indicator in 2012. According to the regulator’s figures, gross new lending for car purchase hit €2.1 billion in the twelve month period. Arrangements… Read more »

Euro zone inflation remains low

Euro zone inflation remains low Euro zone inflation remained low at 1% in August, well below the European Central Bank’s target, bolstering market expectations that the bank will further ease monetary policy next month. The European Union’s statistics office said that inflation in the 19 countries sharing the euro was unchanged from the July reading,… Read more »

Government urged to set up €1bn Brexit Response Fund

Government urged to set up €1bn Brexit Response Fund The British-Irish Chamber of Commerce has called on the Government to set up a €1bn Brexit Response Fund to help Irish businesses withstand a ‘Brexit shock’. It said such a fund would assist the most vulnerable businesses through the Brexit period. The chamber said the Government… Read more »

Car sales slump drives Ireland’s retail activity 4.3pc lower in July

Car sales slump drives Ireland’s retail activity 4.3pc lower in July An unseasonal slump in new car purchases drove Ireland’s retail sales sharply lower last month, the Central Statistics Office reported on Wednesday. Sales declined by 4.3pc in both value and volume terms versus June levels, chiefly because many Irish car hunters are opting to… Read more »

Sterling dives as fears of no-deal Brexit grow

Sterling dives as fears of no-deal Brexit grow Sterling dived as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before October 31. Mr Johnson said he would schedule a Queen’s Speech for October 14 in order to launch new… Read more »