The News

First time buyers continue to drive mortgage market

First time buyer activity continued to drive the mortgage market in the final three months of last year, new figures from the Banking & Payments Federation Ireland show. A total of 12,259 mortgages to the value of almost €2.77 billion were drawn down in the three months from October to December. This represented an increase […]

Read More

Stocks recover from coronavirus scares

European stock markets rebounded on Tuesday, having lost ground in recent sessions due to fears of the impact of China’s coronavirus outbreak. Banks and luxury goods companies led the recovery, while leisure and airline stocks also clawed back losses as investors took the view that the right steps were being taken to contain the illness. […]

Read More

Construction sector under Celtic Tiger levels of pressure – report

The construction sector is under Celtic Tiger levels of pressure and is in danger of overheating, according to a new report from construction consultants Mitchell McDermott. The report says 30,000 additional construction workers are required if housing targets are to be met. It says construction output grew by 12% last year, but the number of workers only […]

Read More

Dublin world’s 17th most congested city – report

A new report shows that Dublin is the 17th most congested city in the world, with motorists spending an average of eight days and 21 hours sitting in peak traffic a year. The TomTom Traffic Index examines the traffic situation in 416 cities in 57 countries around the world.  The report showed that congestion has […]

Read More

Retail sales rebound in December – CSO

The volume of retail sales increased by 5.8% on an annual basis in December compared to annual growth of 1.4% in November, the Central Statistics Office said today. Today’s figures show that retail sales volumes rose by 3.6% in December from November, with sales of food, beverages and tobacco; and cars showing the largest increase. […]

Read More

Six euro zone banks fall short of ECB capital demands

Six euro zone banks have fallen short of the European Central Bank’s capital demands and have been told to shore up their balance sheets or face tighter controls.  The ECB’s annual review of banks comes as many lenders are struggling to make money in an environment of ultra-low interest rates. They are also facing high […]

Read More

Oil drops below $60 as China virus stokes demand concern

Crude prices dropped below $60 for the first time in nearly three months today, as the death toll from China’s coronavirus rose and more businesses were forced to shut down, fuelling expectations of slowing oil demand. Brent crude was down $1.40 a barrel at $59.29 this afternoon to mark its lowest since late October and […]

Read More

Temporary trade dispute appeal system agreed at Davos

The European Union, China and 15 other countries agreed today to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body.  Ministers from the group published a joint statement announcing a “multi-party interim appeal arrangement”.  The arrangement was reached during a meeting at the World Economic […]

Read More
Page 4 of 192« First...23456...102030...Last »