BUSINESS - BREAKING NEWS

The Organisation for Economic Cooperation and Development (OECD) has unveiled its recommendations on overhauling global corporation tax.

BUSINESS - IRISH EXAMINER

Mario Draghi

ECB plan ‘to exclude tracker mortgages’

It is unlikely that Irish banks will be able to offload their loss-making tracker mortgages using the ECB’s asset-backed securities (ABS) programme.

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OECD urges more stimulus as growth forecasts cut

The OECD yesterday slashed growth forecasts for major developed economies, urging much more aggressive European Central Bank (ECB) stimulus to ward off the risk of deflation in a subdued eurozone.

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Irish exporters top European confidence league

Ireland has surged to the top of the European pile in terms of confidence among its exporting firms, on the back of strong growth in key markets.

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€670m in mortgages to be sold

More than €670m worth of Irish mortgages are to be sold to a US-based private equity firm for an undisclosed sum.

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Unite calls for budget tax cuts

Targeted tax reductions for low-and middle-income workers, an increase in employer’s PRSI to pay for a new unemployment benefit, an increase in taxes through a raft of new measures and a major ramp-up in public investment are included in trade union Unite’s pre-budget submission.

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Hotels Federation disputes website’s 5% price fall claim

The Irish Hotels Federation has questioned the accuracy of findings by hotel booking site Trivago which indicated a drop in prices in September.

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5,400 employees fear for future as talks begin over Phones 4u

The future of Phones 4u and its 5,600 employees is hanging by a thread today as administrators begin talks on whether any stores can reopen.

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‘ECB policies rely on reforms’

German deputy finance minister Steffen Kampeter urged countries such as France and Italy to live up to their policy commitments to boost the effectiveness of the European Central Bank’s monetary policy steps.

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Brewing family keen to continue manning the pumps at Heineken

Four generations and 150 years on from the founding father of Heineken, the Dutch brewing family shows no signs of wanting to relinquish control.

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Alibaba worried about Facebook IPO as it considered Nasdaq and NYSE

Alibaba Group could have sold nearly $2bn (€1.54bn) worth of stock without lifting a finger.

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Dublin’s house price inflation will moderate

Recent CSO data show strongly rising Irish residential property prices.

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