Business News

24 Jun

Revenue owed €40m in tax, fines and interest by defaulters

Revenue owed €40m in tax, fines and interest by defaulters More than €39.82m remains unpaid to the Revenue Commissioners in taxes, penalties and interest from published tax defaulters in 2017 and 2018. That is according to figures provided by Finance Minister Paschal Donohoe which show €15.5m remains unpaid by published tax defaulters in tax, penalties

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24 Jun

Global stocks hold highs in rate-cut bet

Global stocks hold highs in rate-cut bet World stocks held near two-week highs as investors bet on a worldwide wave of central bank stimulus, with expectations growing that the US and the eurozone may deliver interest rate cuts as early as July. Markets have been fired up by European Central Bank president Mario Draghi’s Tuesday

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24 Jun

Wage rises slow down below rest of the EU

Wage rises slow down below rest of the EU The pace of wage growth in Ireland slowed dramatically to 2.2pc between January and March, under-performing the eurozone average for the first time since early 2017. Meanwhile, the level of job vacancies here was the third lowest in the currency bloc, indicating the economy may not

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21 Jun

Tax rises needed to prevent economy overheating – ESRI

Tax rises needed to prevent economy overheating – ESRI The Economic and Social Research Institute says the economy is now growing so strongly that the Government should increase taxes to avoid overheating, notably through increasing taxes on carbon and property. But it also says the Government should avoid tax increases if there is a no-deal

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21 Jun

Oil jumps 3% towards $64 as US drone downed in Gulf

Oil jumps 3% towards $64 as US drone downed in Gulf Oil rose more than 3% towards $64 a barrel today after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating growth

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21 Jun

14.1% of Irish households have income above €100,000 – CSO

14.1% of Irish households have income above €100,000 – CSO New figures from the Central Statistics Office show that median gross income for households stood at €45,256 in 2016. The incomes ranged from a low of €32,259 in Donegal and €34,800 in Leitrim to a high of €66,203 in Dún Laoghaire-Rathdown and €58,795 in Fingal.

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19 Jun

Household deposits see biggest quarterly increase since 2008

Household deposits see biggest quarterly increase since 2008 Household deposits grew by €1.8 billion, or 1.8%, over the first quarter of 2019, new figures from the Central Bank show today. The Central Bank said this marked the largest quarterly increase in household deposits since the fourth quarter of 2008 and comes despite the low interest

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19 Jun

Broadcasting regulator retains cap on radio ownership

Broadcasting regulator retains cap on radio ownership A cap on the ownership of commercial radio stations has been maintained by the Broadcasting Authority of Ireland, despite calls from some stakeholders for its removal. The BAI today published its revised policy on the ownership and control of Ireland’s broadcasters. This sets out the criteria considered as

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19 Jun

Euro zone inflation slowed to one-year low in May, Eurostat confirms

Euro zone inflation slowed to one-year low in May, Eurostat confirms Inflation in the euro zone slowed to 1.2% in May, the lowest rate in more than a year, as price growth in the energy and services sectors slackened. This is according to the European Union statistics agency, Eurostat, as it confirmed its earlier estimates.

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18 Jun

Oil prices fall 1% as economic worries outweigh tanker tensions

Oil prices fall 1% as economic worries outweigh tanker tensions Oil prices slipped more than 1% today as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures were down 68 cents, or 1.1%, to $61.33

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