Posts Categorized: Syndicated News

US firms make $83bn profits in Ireland

US firms make $83bn profits in Ireland American multinationals made more profits in Ireland in 2017 than in six of the world’s largest economies combined, according to new official data. The Bureau of Economic Analysis released its annual report into the activities of American multinationals on Monday and it showed they reported $83bn in profits… Read more »

Ireland is not a tax haven – Dept of Finance

Ireland is not a tax haven – Dept of Finance Ireland does not meet any internationally recognised standard of being a tax haven, according to a statement from the Department of Finance. The department is reacting to a report in today’s Irish Independent detailing new figures which show that US mulitnational companies based in Ireland,… Read more »

Online shoppers face changes and charges post-Brexit

Online shoppers face changes and charges post-Brexit Consumer buying goods online from the UK face immediate changes with increased VAT and import tariffs when the package is delivered by An Post to their home in Ireland, if Brexit goes ahead at the end of October. On a visit to the An Post Mail Centre in… Read more »

Growth slows in OECD countries; marked slowdown in UK & Germany

Growth slows in OECD countries; marked slowdown in UK & Germany Economic growth across the OECD area slowed to 0.5% in the second three months of 2019. That compared to growth of 0.6% across the organisation’s 36 member countries in the previous three month period. Among the major seven economies, GDP growth slowed markedly in… Read more »

European stocks tumble on trade war blows

European stocks tumble on trade war blows Technology stocks led a tumble in European equities in early deals on Monday as investors fled from riskier assets after another exchange of blows by the United States and China over trade at the end of last week. US President Donald Trump on Friday hit back at a… Read more »

ECB readies big guns as September rate cut beckons

ECB readies big guns as September rate cut beckons The European Central Bank (ECB) will deliver both rate cuts and will pump yet more money into the eurozone’s ailing economy next month. The disclosures came in the minutes of the ECB’s July meeting, the final one to be headed by Mario Draghi, who is credited… Read more »

Multinational cash gives economy healthier glow

Multinational cash gives economy healthier glow NEW data from the Central Statistics Office shows how dependent the economy is on big multinational companies for growth and keeping the budget afloat. The “gross value added” by foreign multinationals last year was €127bn, up almost 14pc from 2017, while the remainder added just 3.9pc according to the… Read more »

Fed will remain flexible, rates not on ‘preset course’; minutes

Fed will remain flexible, rates not on ‘preset course’; minutes The US Federal Reserve will remain flexible and interest rates will not be on a “preset course” despite persistent risks from trade uncertainty and weak global growth, the Federal reserve has said. Although the minutes of the Fed’s policy meeting late last month showed officials… Read more »

European shares steady on upbeat PMI data, Italy jumps

European shares steady on upbeat PMI data, Italy jumps European shares traded close to flat on Thursday as upbeat surveys on Germany and the euro zone offset signs that US policymakers had not intended to start a cycle of interest rate cuts with last month’s move. Germany’s DAX shrugged off a weak open, to trade… Read more »

EPA publishes industrial pollutant emissions data

EPA publishes industrial pollutant emissions data There was a dramatic decrease in the HCFC refrigerant gas emissions from large industrial activities, according to the most recent data from the Environmental Protection Agency. The findings from 2017 show the positive response to the phase out and switch to a more environmentally-friendly bulk refrigerant by Irish industry…. Read more »