Euro wilts after Mario Draghi says ready for more policy support
The euro was already under pressure after surrendering to stop-loss selling on Wednesday, as a major chart bulwark at $1.2800 gave way.
The common currency fell as low as $1.2762, nearing the 2013 trough of $1.2740. A break there would take it back to levels not seen since late 2012. It last traded on Thursday at $1.2767, down 0.1 percent on the day.
“We stand ready to use additional unconventional …
Taxpayers set to reap €3.5bn from part-sale of State's stake in AIB
A deal would be among the biggest ever on the Irish Stock Exchange, which is seen as the most likely venue for a primary float.
While tax payers would reap the vast bulk of the cash, an IPO will prove a bonanza for brokers, underwriters and corporate law firms, who will expect to pick up around 1pc of the value of any deal in fees for nursing the bank back …
Companies take €10bn hit after US announces tax rule change
Junior Finance Minister Simon Harris signalled to the Irish Independent that Ireland had nothing to fear from the move by the US Treasury, which will, in theory, make inversions more difficult to do and less rewarding.
In an inversion, a US corporation, often a pharmaceutical company, avoids US taxes by buying or setting up a foreign company in a country and then moving its tax domicile to that country.
The …
Budget 2015: Nevin Institute calls for €800m in cuts and taxes
And the Government should use the record-low borrowing costs to fund a large-scale public investment programme focused on areas like social housing, education and high-speed broadband infrastructure, the Nevin Economic Research Institute (NERI) has said.
In its latest economic commentary, the trade-union funded think-tank called for a budget adjustment of around €800m and said the Government shouldn’t cut taxes.
Budget measures, it said, should include an increase in employers PRSI, …
Further signs the economic recovery in the Eurozone is stuttering
New orders rose just fractionally, with the rate of increase waning for the third successive month.
And employment was largely unchanged once again as companies held back from hiring staff because of weak sales growth, according to the flash Purchasing Managers Index for September.
While PMIs in Ireland are recording multi-year highs and economic growth here is forecast to rise as high as 5pc this year, the recovery across the …