Norway’s wealth fund lost record $174bln in first half
Norway’s $1.3 trillion sovereign wealth fund — the world’s largest — has reported its biggest loss on record amid a market it described as “characterised by…
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Ireland’s first-half exports soar 31% to €105bn
European fund assets at €13.3 trillion, down 13%
54% Irish firms hit by Brexit ‘regulatory burden’
Irish first-half M&A in 122 deals worth €6.4bn
Ireland hits record trade of €842bn amid export boom
Irish household bank deposits soar to €144bn
Porsche’s Blume to succeed Diess as VW CEO
ECB raises rates for first time in 11 years
EU approves €5.4bn hydrogen project
The European Commission on Friday approved a €5.4 billion hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom and Daimler Truck….
Abe, Japan’s former prime minister, assassinated
Japan’s former prime minister Shinzo Abe, the country’s longest-serving leader, died on Friday after being shot while campaigning for a parliamentary election. Abe, who is…
Company debts $8.1 trillion; German firms to fore
The net debt of companies around the world fell 1.9% to $8.15 trillion in 2021-22, a reduction of 0.2% on a constant-currency basis, according to…
M&G buys 41% stake in Finance Ireland
M&G plc, the international savings and investments business, announced it has acquired a 41% stake in Finance Ireland, Ireland’s largest non-bank lender. The investment is on behalf…
ECB to decarbonise €344bn corporate bond holdings
The European Central Bank (ECB) announced it is planning to gradually revamp its €344 billion corporate debt portfolio to favour greener firms. The ECB said…
ECB ‘to block banks from giant loans windfall’
The European Central Bank (ECB) is discussing ways to stop big banks earning billions of euros of extra profit from the cheap lending scheme it…
Eurozone inflation rises to record high of 8.6%
Record energy prices drove the inflation rate for the countries using the Euro currency to a record 8.6% in the year through June. “Euro area…
Foreign investment in Ireland at record €1.1 trillion
Foreign direct investment (FDI) in Ireland rose €16.9 billion to a record €1.126 trillion in 2020, according to Ireland’s Central Statistics Office (CSO). The CSO…
Donohoe: Europe does not face new debt crisis
Eurogroup president Paschal Donohoe has said the eurozone has the “ability to navigate through the changes that are taking place” amid widespread market volatility and denied…
Santander appoints Héctor Grisi as next CEO
Banco Santander announced that Héctor Grisi, currently CEO of Santander Mexico and head of North America, will become group chief executive officer (CEO), effective January…
Fed raises interest rates 0.75% – reaction
The US Federal Reserve on Wednesday raised interest rates by 0.75% in the biggest increase since 1994, and chair Jerome Powell signaled another big move…
ECB in new bond-buying plan to ease debt fears
The European Central Bank (ECB) moved on Wednesday to address fears that the eurozone is on the brink of another debt crisis. Government borrowing costs…
Euro remains second most widely used currency
The euro remains the second most widely used currency globally after the US dollar, according to the annual review of the international role of the euro published…
Global markets in ‘bruising’ start to week: reaction
Global shares edged mainly higher on Tuesday and Wall Street seemed set for a stronger open after Monday’s sell-off confirmed a bear market for the US…
ECB confirms plans to end QE, hike rates: reaction
The European Central Bank on Thursday signaled an end to its bond-buying stimulus program and said it would deliver its first interest rate hike since…
Ireland GDP rises 11% to €115bn in first quarter
The multinational-dominated sectors of Ireland’s economy helped drive gross domestic product (GDP) up 10.8% to €115.5 billion in the first quarter of 2022, according to…
Ireland tax receipts up 27% at €30bn to end-May
Tax receipts in Ireland rose 27% to €30.1 billion in the five months to the end of May, according to the latest exchequer returns from…
AIB acquires €5.7bn of Ulster Bank mortgages
AIB Group plc confirmed that Allied Irish Banks plc entered into a binding agreement with NatWest Group and Ulster Bank Ireland DAC for the acquisition…
Eurozone inflation hits record high of 8.1%
The Eurozone’s annual inflation rose to a record high of 8.1% in May, up from 7.4% in April, according to a flash estimate from Eurostat, the statistical…
Central Bank of Ireland makes €1.32bn profit
The Central Bank of Ireland has published its 2021 annual report and annual performance statement, showing it made a financial profit of €1.32 billion, with…
EBRD adds Czech Republic to SME equity research
The Czech Republic has joined the list of countries that are covered by the European Bank for Reconstruction and Development (EBRD)’s equity research programme for…