Six euro zone banks fall short of ECB capital demands
Six euro zone banks have fallen short of the European Central Bank’s capital demands and have been told to shore up their balance sheets or face tighter controls. The ECB’s annual review of banks comes as many lenders are struggling to make money in an environment of ultra-low interest rates. They are also facing high […]
Oil drops below $60 as China virus stokes demand concern
Crude prices dropped below $60 for the first time in nearly three months today, as the death toll from China’s coronavirus rose and more businesses were forced to shut down, fuelling expectations of slowing oil demand. Brent crude was down $1.40 a barrel at $59.29 this afternoon to mark its lowest since late October and […]
Temporary trade dispute appeal system agreed at Davos
The European Union, China and 15 other countries agreed today to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body. Ministers from the group published a joint statement announcing a “multi-party interim appeal arrangement”. The arrangement was reached during a meeting at the World Economic […]
Home building levels reach 10 year high – Goodbody
21,500 new homes were completed last year, according to new analysis from stockbrokers Goodbody, up 19% on the figure for 2018. The increase marked the highest rate of growth in a decade and is nearly five times greater than the 2013 trough of 4,575. However it still sits below the 34,000 units that the Central […]
Ireland has fifth largest number of billionaires per capita – Oxfam
A new study has found that Ireland has the fifth largest number of billionaires relative to its population of any country in the world. The report, produced by Oxfam ahead of the start of the World Economic Forum in Davos, claims that with 17 billionaires, most of whom are men, Ireland is mirroring the global trend […]