Call for budget measures over 'entrenched' long-term mortgage arrears crisis

It comes as new Central Bank figures show that long-term arrears “are entrenched” as ever, with 27,979 mortgage accounts in arrears for over two years ...

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Regulator continues to restrict boom-time CFDs

The Central Bank has decided to continue existing restrictions on ordinary investors using contracts for difference (CFDs), the market financial bets that played ...

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Rate cut prospect climbs for Irish borrowers as eurozone inflation outlook ‘collapses’

The chance of the ECB being forced into decisive action to cut interest rates increased significantly as market expectations for inflation “collapsed” ...

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Carbon and company tax proposed for ‘socially fair budget’

An airline ticket tax and other carbon taxes, an increased betting tax, and setting a minimum rate of corporation tax, feature among the proposals of advocacy group ...

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Shares hold up well despite unresolved trade war woes

European stock markets held up well even as the US-China trade spat remained unresolved, but sterling continued to reflect fears of a hard Brexit.

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Ifac: Budget to allow for paltry income tax cuts

Finance Minister Paschal Donohoe has only €600m in additional tax cuts and spending increases - which may, at best, only allow him €300m in income tax ...

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Global shares rise on hopes of central bank rate cuts; Tory Party hopefuls in race for PM spook sterling

Global shares rose on the belief more central banks will be forced to cut interest rates to shelter the global economy from the trade wars, but crash-out Brexit ...

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Shares in Irish house builder Glenveagh Properties get welcome respite

Shares in Glenveagh Properties — one of the two stockmarket-listed home builders that have included Cork, Limerick, and Galway in their build plans — ...

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Rate cut hopes stay alive for Irish borrowers even as downbeat Draghi delays

ECB president Mario Draghi disappointed expectations the bank would act decisively to counter growing global economic clouds — but financial markets signal ...

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EU marks the card for Finance Minister on carbon taxes, multinationals, and health spending

The European Commission has put down an early marker as Finance Minister Paschal Donohoe plans his autumn budget, recommending the Government cut back on tax reliefs, ...

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Italy's Salvini appears to be on another collision course with EU over budget sums

The Italian government looks sets to another collision course with the European Union as the commission seemed set to impose sanctions on the country over its budget ...

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Tax scare in May over tax revenues no bar to Minister Donohoe setting 'generous' pre-election budget

Paschal Donohoe has nothing in his way to set “a generous” tax package in a possible pre-election budget in October despite the finance minister receiving ...

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Fitch Ratings: House prices to cool in Dublin

House price growth will slow across European cities, including in Ireland, while Brexit and the supply of affordable homes will play a big role here in the coming ...

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Irish grocery inflation at 2.9% ‘highest since 2014’ as households spend more

The annual rate of grocery price inflation in Irish supermarkets accelerated to 2.9% in recent weeks, the highest since October 2014, according to a new survey.

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Irish investors brace for more bad trade war news

Investors in global stocks and Irish shares, in particular, will learn this week whether the growing fears over escalating trade wars will send markets reeling again. ...

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'Business end' of global tax shake-up has Ireland in its sights

The Government appears to be drawing closer to formally conceding the tech giants, including Google, Twitter, and Facebook, which have significant bases in Ireland ...

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Stock markets from Ireland to Japan hit and oil price slumps as Trump targets Mexico trade

Global shares and the price of oil slumped, as President Donald Trump shocked markets by opening a new front in his world trade wars by setting a tariff demand on ...

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Rise in new car loans may be increasing faster than new mortgage lending

The increase in car loans may be rising faster than the rise in home loans, new figures suggest.

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Central Bank to give its views to Donohoe on bankers’ pay report this week

The Central Bank will give its views on a report into bankers’ pay to Finance Minister Paschal Donohoe this week, Department of Finance officials have said.

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Dublin homes among ‘least affordable’ in Europe, says Moody's research

Dublin house prices are among the least affordable in Europe, with a borrower needing to spend over 14 years of their disposable income to buy a home, according ...

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€21m record fine for Permanent TSB will likely be paid for by customers

The costs of a record €21m fine the Central Bank imposed on Permanent TSB for its part in the industry-wide tracker mortgage probe should not be passed onto ...

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ECB could return to stimulating eurozone economy, but only if Bundesbanker fails to get top job at central bank

The ECB could return to its major programme of buying bonds next year, possibly meaning interest rates would stay low for much longer, but only if Bundesbank chief ...

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Central Bank governor Lane: Long-term economic hit from hefty wage hikes is no ‘small issue’

The risks of hefty wage increases tipping the economy into a new crisis have risen significantly and will require the Government to keep monitoring the threat each ...

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Pubs and cars post falls in retail sales but spending boom for furniture and electrical retailers

Pubs, cars, and department stores were the only three of 13 retail businesses to post falls in their retail sales in the first three months of the year, official ...

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Investors weigh prospects for Irish shares under probable new hard-Brexiteer British prime minister

The fall of Theresa May pushed sterling slightly higher, but only after the currency had fallen sharply in the past week on the prospect her probable successor, ...

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The threat of Brexiteer Boris as prime minister haunts Irish shares

Sterling slipped further and Irish shares fell sharply as fears of investors rose that the political turmoil in the UK will lead to Boris Johnson becoming leader, ...

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Office landlord Hibernia has the ‘firepower’ for more deals but no interest in bid for rival Green Reit

Hibernia Reit, the country’s largest stockmarket-listed office landlord, still has “the firepower” to make further significant acquisitions in ...

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May's loosening grip on power sends sterling plummeting and sinks UK-exposed shares

The last gamble of Theresa May to win over MPs to support her Brexit deal appeared to unravel putting a question mark over her future and weighing on sterling.

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New house builds ‘to peak at only 25,000’, says country’s largest housebuilder

The chief executive of Cairn Homes, the country’s largest housebuilder, said annual peak new supply will reach only 25,000 in the coming years, meaning too ...

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Economists claim concentration of jobs in Dublin region has 'actually increased' since 2016

All parts of the country are benefitting from more jobs, but the damaging over-concentration of employment in the greater Dublin region persists, leading economists ...

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'Last Brexit gamble' of Theresa May puts sterling on volatile path

The "last gamble" of Theresa May to get a Brexit deal through the Commons sent sterling briefly soaring fears that this fourth attempt too will fail, weighed on ...

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Sterling steadies after huge Brexit losses, shares hit by global trade turmoil

Sterling steadied after initially posting further large losses on UK political fears but shares in Europe and the US were hit as the fallout of the US-China trade ...

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Co Down port clinches €11m gas storage deal to secure supply of CO2 to pubs across Ireland

The plan has taken a major step forward after it signed an agreement with Nippon Gasses to provide CO2 for a facility with the capacity to store 2,500 tonnes of ...

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No Irish city 'responded to climate change survey request'

An international organisation that measures efforts by cities worldwide to cut carbon emissions said that no Irish city has responded to its survey.

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Sterling tumbles as May's exit plan stokes market fears of UK heading to crash out of EU

Sterling tumbled as Theresa May set down a timetable for her departure and setting up a leadership contest that may elect a hard line Brexiteer and increase the ...

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New KBC Bank chief says he's ‘comfortable’ with Irish share of mortgage market

The new boss of KBC Bank Ireland has said he is currently “comfortable” with its share of the Irish mortgage market and indicated he has ruled out selling ...

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Irish exporters shake off Brexit and trade concern for now as clouds darken

Irish exporters appear to have shaken off concerns over Brexit and global trade wars — but only for the time being — while consumer spending remains ...

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Irish banks should hike fees and commission to boost flagging profitability, says credit rating firm S&P

The days of Irish banks writing back large loan-loss provisions are coming to an end and it is “critical” for the lenders to hike fees and commissions ...

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Donald Trump dials down the rhetoric to soothe market fears over global trade wars

European and US shares clawed back some of the sharp losses from earlier in the week as President Donald Trump stepped down the rhetoric of the US trade clash with ...

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Bank of Ireland board faces barrage of complaints from shareholders over customer service at branches

The Bank of Ireland board faced a barrage of queries and complaints from shareholders on the future of its UK lending operations, customer service and new technology, ...

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Ireland ‘worst hit’ if US widens trade war front

Ireland will be the worst hit economy in the eurozone if the US-China trade spat broadens to envelop Europe, according to a leading economics group.

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IMF pushes Donohoe for action on tax change

The IMF has aimed an early warning shot at Paschal Donohoe, telling the finance minister to avoid any more huge spending over-runs on healthcare and to get on with ...

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IAG boss Willie Walsh reveals Aer Lingus early plans for new Atlantic routes

Chief executive Willie Walsh has said his IAG board heard a strong case this week from Aer Lingus bosses for further expansion out of Ireland across the Atlantic.

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Stockbroker that is closing up shop fined €280,000 by Central Bank

The Central Bank fine on Campbell O’Connor, which is closing down after almost 60 years in business, was reduced to €280,00 from €400,000 after it ...

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European stock markets avoid fallout from US-China trade war blowout

US shares were hit sideways but European markets were relatively unscathed as President Donald Trump insisted he was in no rush to settle the China trade spat.

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Providing access to computers is not enough to boost skills, says OECD

Providing access to computers in schools is not enough and governments will need to review life-long teaching to keep up with the pace of automation that threatens ...

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About a third of the bounce in 2018 corporation tax revenues linked to 'once-off' factors

A report by the Revenue on surging corporation tax revenues has re-sparked political concerns that Government spending relies too much on once-off revenue bounties. ...

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Nervous stock markets watch countdown toward Friday escalation in US trade dispute with China

Irish and UK shares were mixed as the trade war between the US and China threatened to flare by the end of the week, barring a last-minute intervention by one of ...

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Trade fears haunt stock markets

The risk that a potential trade deal between the US and China will unexpectedly unravel into acrimony hit German, Irish, and other shares exposed to world trade.

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Irish rents and wages to rise in robust economy even as Brexit threat looms, says EU

The costs of rents will continue to rise and wages will increase amid a “robust” economy despite ever-present threats from Brexit and global trade wars, ...

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