A pledge by the US central bank, the Federal Reserve, for a massive spending spree of all types of US debt failed to put the brake on the global stock market sell-off, suggesting that investors are looking for huge government spending programmes and not just market-calming initiatives by central banks.
Mon, 23 Mar, 2020
Mon, 09 Mar, 2020
Economists are divided about when the next US recession will arrive, but they largely agree on this: The country will need to fight it with a massive fiscal programme, and be ready to swallow deficits that may eclipse the trillion-dollar shortfall run by the Trump administration this year.
Mon, 14 Oct, 2019
Global markets and oil prices fell after US President Donald Trump ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75bn (€67bn) in US goods, throwing a new twist into the bitter trade war between the world’s two largest economies.
Sat, 24 Aug, 2019
No capitalist economy has yet organised for itself arrangements that ensure labour market wages are perceived universally as fair; as day follows night, there will always be a class of workers convinced that their pay — or, for the managerial classes, salary — does not reward sufficiently the value of their labour, and that another group is laughing all the way to the bank clutching needlessly generous remuneration packages.
Sat, 10 Aug, 2019
Tax returns for July will bring comfort for the time being to Paschal Donohoe and his October budget preparations despite Brexit fears, commentators said, as Vat and corporate tax revenues brought in more than was anticipated in the month.
Fri, 02 Aug, 2019
The US Federal Reserve has held interest rates steady but signalled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
Thu, 20 Jun, 2019
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 fears weighed heavily on sterling.
Fri, 07 Jun, 2019
US President Donald Trump has said trade negotiations with China are progressing and a final agreement “will probably happen”, adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.
Sat, 23 Mar, 2019
Irish shares tapped a surprise early new year buying wave that sent the Iseq Overall index climbing 3%, reflecting huge gains for Bank of Ireland and housebuilder Glenveagh at the end of a week marked by global stock market tremors.
Fri, 04 Jan, 2019
The US Federal Reserve raised interest rates last night and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year.
Thu, 20 Dec, 2018