Business News

23 Aug

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

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23 Aug

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

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23 Aug

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.

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22 Aug

Card spending continued to rise in second quarter

Card spending continued to rise in second quarter Almost €19 billion was spent on Irish credit and debit cards between April and June, according to the Central Bank. That represents an 8% rise year-on-year, as consumers increasingly opted for cards instead of cash. The vast majority of card transactions in the second quarter – more

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22 Aug

Committee recommends broadband network remain in public ownership

Committee recommends broadband network remain in public ownership A report carried out by the Oireachtas Committee on Communications has recommended that the broadband network infrastructure remain in public ownership. The committee carried out an investigation into the Government’s decision to award preferred bidder status on the multi-billion euro national broadband contract to Granahan McCourt. The

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21 Aug

Stock markets higher on hopes for stimulus, trade progress

Stock markets higher on hopes for stimulus, trade progress European shares are up for the third straight session, building on a recovery since late last week. Shares in Asia also rose in overnight trade. Global stocks rallied at the start of the trading week on rising optimism about stimulus measures in China and Germany as

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21 Aug

Threshold, USI call on Govt for scheme to protect rental deposits

Threshold, USI call on Govt for scheme to protect rental deposits The Union of Students in Ireland and national housing charity Threshold have called on the Government to immediately implement a Deposit Protection Scheme (DPS) in order to safeguard rental deposits. Both organisations say that such a scheme is needed to protect tenants in the

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21 Aug

New guidelines on mobile and broadband advertising

New guidelines on mobile and broadband advertising Telecoms operators should not mislead customers by exaggerating the availability, coverage and speed of mobile and broadband services, according to new guidelines. The new measures around the advertising of mobile phone and broadband services are being introduced by the Advertising Standards Authority for Ireland and come into effect

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20 Aug

Help-to-Buy may cut higher value homes in Budget overhaul

Help-to-Buy may cut higher value homes in Budget overhaul The Help-to-Buy scheme could return in October’s Budget but in a heavily capped form that would essentially exclude Dublin homes, the Sunday Independent has learned. Finance Minister Paschal Donohoe plunged the future of the scheme into uncertainty when he refused to confirm that it would continue

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