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The Irish unemployment rate was unchanged in June from the previous month, as evidence from a new survey also suggested that the rapid rise in the number of jobs is slowing. CSO figures showed that seasonally adjusted numbers on the live register fell by only 500 in the month, much slower than the declines of… Read more »

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Revenue at the world’s 10 largest investment banks rose 9%, year-on-year, to $44.9 billion in the first quarter, as financial market volatility and central bank stimulus measures boosted profits. Trading in fixed income, currencies and commodities (FICC) divisions, which are particularly exposed to economic conditions, were the outperformers, up 5% on a constant dollar basis,… Read more »

Consumer price figures ‘mask’ real increases

A raft of everyday household expenses, including private landlord rents, public transport, and college registration fees, are soaring above the price levels reached during the boom years, official figures show. Analysts say that a detailed breakdown of consumer price figures show that the trend in the past year of price decreases for some goods is… Read more »

All eyes on Draghi as world awaits answer to low inflation issue

AS Mario Draghi secludes himself with Europe’s top minds in central banking this week, he won’t be able to escape one question: What’s next? After all but promising that he’ll ease monetary policy in June, the European Central Bank (ECB) president must now manage market expectations as banks from Goldman Sachs to Societe Generale speculate… Read more »

Services sector hits seven year high in April

THE services sector in April grew at the fastest rate in seven years with employers adding jobs as the outlook improved with our main trading partners. The employment sub-index rose to 60 from 58.5, its highest level since 2006.

Signs of recovery as retail sales and jobs on the rise

MAIN Street is finally recovering with retailers reporting the first major signs of consistent sales and job creation since before the crash. Town centres left decimated during the recession are now enjoying a fresh lease of life with vibrant new businesses replacing empty storefronts. With unemployment falling, consumer confidence rising and hopes of the best… Read more »