Categorized as: Syndicated News

ECB rate hike to be delayed as recession risks rise again – poll

The European Central Bank is expected to wait until the fourth quarter to raise its deposit rate, later than thought just a month ago, according to economists in a Reuters poll. The poll also showed that the chances of a euro zone recession have grown. Reuters polls since June 2018 have predicted that after ending […]

Check stamp of approval when investing or borrowing money

Dealing with an unregulated firm or product could leave you with nowhere to turn to if things go wrong. Most of us expect to have somewhere to turn for redress if things go wrong with a loan or investment. This isn’t always the case though. When you borrow money or invest in something, you usually […]

PayPal offers Irish customers new way to share bills or fundraise together

PayPal Holdings, the global online payments company, is extending Money Pools – its online community savings product – to Irish consumers. Money Pools allows users to set a group fundraising goal and then share that goal with a group. “We created Money Pools because we felt that there was a need for this type of […]

Some insurance products ‘may no longer be available to Irish consumers in no-deal Brexit’ – Central Bank

Some insurance products may no longer be available to Irish consumers if there is a no-deal Brexit, the Central Bank has warned. Deputy Governor Ed Sibley said this morning that the supply of “niche” products may reduce or end altogether. That’s because policies underwritten from the UK or Gibraltar will face more regulatory friction after […]

Employers shy away from people who have had short-term jobs

Two thirds of employers have opted not to interview someone who has had short-term jobs in the past. This is according to research from global job site Indeed. In seeking to define “job hopping”, on average employers consider six months to be a short-tenure to spend in a job, and employees consider 11 months a […]

Capital projects affected by rising costs and labour shortages

Minister for Finance Paschal Donohoe has signalled possible changes to the start dates of major capital projects because of rising costs and labour shortages. At the Budget Oversight Committee, he said a much faster than expected rise in the number of large scale capital projects by the private sector was causing, leading to competition for […]

Pound steady after May’s Brexit deal voted down

The pound steadied early this morning but remained on the backfoot following a volatile overnight session after British politicians defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin. The British parliament yesterday voted 432-202 against May’s deal, the worst parliamentary defeat for a government in recent British history. Investors’ short-term focus is […]

Taiwan objects to Britain’s trade plans post-Brexit

Taiwan objects to Britain’s proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters today. The EU has spoken for Britain on trade matters ever since the WTO was founded in 1995. As part of […]

Higher costs for air fares and restaurant prices sees inflation rate rise

Higher costs for air fares and rising restaurant prices saw the inflation rate move up slightly. The annual inflation rate crept up to 0.7pc in December compared with the same month in the previous year. The annual rise was 0.6pc in November. The slight rise in the inflation rate was despite falls in petrol and […]

Petrol prices plunge but the taxman takes 64pc

Car fuel prices have dropped to their lowest level in almost 18 months, according to an AA Ireland survey. The drop is due to a global fall in the cost of crude oil as a result of greater supply. AA said the fall was no thanks to the State which takes 64pc of the cost […]