News

The UK triggering Article 50 will soon be forgotten – then the hard negotiations start

27th March 2017

On Wednesday, the UK prime minister is scheduled to ­’trigger’ Article 50 of the Treaty on European Union to announce to the 27 other EU member states that the UK intends to leave the union. It will be no surprise. On June 23 last a majority of voters in the UK and Gibraltar voted in […]

Read More

Ireland joins China-led Asian bank in bid to boost links

24th March 2017

Ireland’s application for membership of the China-led Asian Infrastructure Investment Bank (AIIB) has been formally approved. Ireland is one of 13 applicants to the new Beijing-based international financial institution whose membership was approved yesterday. It is the first time the AIIB has welcomed new members since it inception, the multilateral financial institution said. The approved […]

Read More

Banks grab €233bn in free ECB loans as Draghi warns on profits

24th March 2017

Euro-area lenders took €233.5bn in free long-term loans from the European Central Bank as they prepare for the potential end of extraordinary stimulus. The take-up in the last of the ECB’s Targeted Longer-Term Refinancing Operations (TLTROs) – four-year loans at a rate that starts at zero and could go lower – compares with a median […]

Read More

Sterling boost as UK retail sales surge beats predictions

24th March 2017

The pound jumped yesterday after retail sales in the United Kingdom beat expectations, despite rising inflation. It comes just days after it was announced that inflation in the UK crashed through the Bank of England’s 2pc target last month, pushed up by rising food and fuel prices. Data from the Office for National Statistics (ONS) […]

Read More

C&AG will no longer be Nama’s sole auditor as outside firm to be hired

23rd March 2017

The State’s Comptroller and Auditor General (C&AG) will no longer be sole auditor of Nama’s group entities, with the bad bank now drafting in a firm to undertake statutory audit work for the next three years, when the agency expects to be wound up. The C&AG has previously defended its role as Nama’s only auditor […]

Read More