Over €214m was invested in commercial property in Cork last year, with the €56m sale of Mahon Point Retail Park marking the largest single transaction.

Sterling skidded again yesterday, almost equalling a 10-year low against the euro, after an unexpected second quarter contraction in the UK economy alarmed investors already fretting that the UK is headed for a no-deal Brexit.

A High Court judge, in a significant decision concerning the effect of “reasonable” living expenses guidelines in Personal Insolvency Arrangements, has approved separate arrangements aimed at ensuring a couple and their four children, and a separated mother of three, remain in their homes.

Mario Draghi steps down as head of the ECB at the end of October and the field of candidates to replace him has narrowed. Here are the leading contenders to take over from “Super Mario”

Sterling recovered from its sell-off in the wake of the British parliament’s Brexit votes, as investors bet the UK government would still avoid exiting the EU without an agreed trade deal in place.

Financial institutions across the world have paid $26bn (€22bn) in fines for failures in money laundering and customer verification, and sanctions since the global financial crash, a new report has found.

British mineral exploration company Erris Resources is to use £4m (€4.5m) in flotation proceeds to fund the development of zinc assets in Ireland and has said it is open to acquiring further mining licences here.

While most London-based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks expect to say ‘oui’ to government pressure to bring jobs home to Paris.

A decade after the onset of the property and banking crash, mortgage debt means households

Next Tuesday, August 9, will be the 10th anniversary of one of the events that toppled the Ponzi scheme we had disastrously regarded as an exemplary way of ordering society.

The European Union has approved French car maker PSA's acquisition of Opel and British brand Vauxhall from General Motors.

French stocks outperformed upbeat European indices following a convincing parliamentary majority for President Emmanuel Macron, while the banks bounced following upgrades and the country’s retail sector recovered from last week’s losses.

Global stock market selling and an apparent political misstep in the Dáil have raised market jitters over the proposed sale of Government-owned AIB, leading experts have said.

Insurer and asset manager Standard Life is likely to choose Dublin as the base for its EU subsidiary after the UK leaves the bloc, its chairman said.

Spain's National Court said it is investigating seven current and former HSBC executives in the private banking business accused of money laundering and criminal organisation.

The Government is on course to sell up to €3bn worth of shares in AIB in late May — providing that the outcome of looming French election does not disturb banking markets.

French car giant PSA Group is to buy the European operations of General Motors, including Vauxhall in the UK, for €2.2bn.

Vestia, one of the largest Dutch housing co-operatives, said it had filed a large claim against Deutsche Bank, alleging the bank had improperly sold it interest-rate derivatives.

Oil climbed as Iraq’s oil minister said it pledged to co-operate with the Organization of the Petroleum Exporting Countries (Opec) to reach an agreement this week that’s acceptable to all members.

Des O’Sullivan says sale includes superb collection of Irish 18th century furniture and international art.    

French luxury group LVMH, owner of the Louis Vuitton brand, has agreed to buy an 80% stake in high-tech luggage maker Rimowa for €640m, marking its first acquisition in Germany.

Samsung plans to launch a programme to sell refurbished used versions of its premium smartphones by next year, a source has told Reuters.

After pumping more money into Europe’s equities than any time in history, last year’s buyers are being burned with some of the world’s worst returns.

Oil traded near $46 a barrel in New York as the market weighs a force majeure declared by Exxon Mobil on crude shipments out of Nigeria against excess US oil and product inventories.

Sterling rose against the euro yesterday after the path was cleared for UK home secretary Theresa May to be appointed prime minister, as S&P Global Ratings sounded its concerns over the “the vulnerability” of the British housing market.

The ECB nudged up its 2016 growth and inflation forecasts yesterday, arguing the risks facing the economy had declined and supporting expectations it would keep further stimulus under wraps at least until the autumn.

SABMiller, the brewer that is due to be bought by Anheuser-Busch InBev later this year, reported a decline in full-year profit as it was saddled with charges related to some African operations and costs associated with the takeover.

The probability of the UK voting next month to exit the EU fell yesterday, as an opinion poll suggested the ‘remain’ side had increased its small lead.

Workers’ pay in Britain grew at a slower than expected pace in the three months to October, suggesting the Bank of England will take even longer to raise interest rates from the record low in place for nearly seven years.

It will take more than $40 crude to make the Organization of Petroleum Exporting Countries (Opec) change its mind, analysts said before the group’s December 4 meeting in Vienna.

Britain’s jobless rate has fallen to its lowest level in more than seven years but pay growth was a bit slower than expected, suggesting the labour market is not hot enough to speed up a Bank of England interest rate hike.

A hot-in-demand Cork suburban residential building site gets offered for sale for the third time for its owners Eir, the new name for Eircom.