Categorized as: Syndicated News

Boost for small businesses as BoI approves €1.9bn in loans

Bank of Ireland said it approved €1.9bn in lending to SMEs in the first half of 2013 – an 18pc increase on the first six months of 2012.

S&P’s raises outlook on Ireland’s credit rating from stable to positive

Standard & Poor’s has upgraded its outlook on Ireland’s credit rating today, saying its debt may fall faster than expected.

Boost for economy as S&P raises outlook on Irish government debt

Ratings agency Standard & Poor’s has a more optimistic view of the Irish economy as it changes its outlook from stable to positive.

Euro Zone Output Down in May as Recovery Remains Fragile

Euro zone factory output fell in May for the first time in four months, data showed on Friday, suggesting a fragile and uneven recovery in the bloc that is struggling with record joblessness and renewed political tensions in southern Europe.

Industrial production in the 17 countries using the single currency fell 0.3 percent on the month, following a revised 0.5 percent increase in April, data from the EU’s statistics office …

Bank of Ireland can keep New Ireland Assurance unit, but dividends ban extended

Bank of Ireland has today secured EU regulatory approval to hold on to its assurance unit, New Ireland Assurance Company.

But under a new restructuring plan agreed with the European Commission, the bank will still have to sell other units.

Bank of Ireland was currently restricted on paying dividends until December 2015. Under the new plan, the payment of dividends will also be restricted from January 2016 depending on the …

Bank of Ireland can keep New Ireland Assurance unit, but dividends ban extended

Bank of Ireland has today secured EU regulatory approval to hold on to its assurance unit, New Ireland Assurance Company.

But under a new restructuring plan agreed with the European Commission, the bank will still have to sell other units.

Bank of Ireland was currently restricted on paying dividends until December 2015. Under the new plan, the payment of dividends will also be restricted from January 2016 depending on the …

IMF urges eurozone to take action on economic growth

The International Monetary Fund has called on eurozone countries to take coordinated action to revive economic growth or risk triggering renewed financial turbulence.

Ulster Bank facing a ratings hit over RBS break-up plans

GLOBAL ratings agency Moody’s has warned it could downgrade Ulster Bank and parent Royal Bank of Scotland because of the UK government’s plans to possibly break up the bailed-out lender.

ECB says rates to stay at record low for extended period

The European Central Bank will keep interest rates at record lows for an extended period and could yet cut them further, the bank’s chief Mario Draghi said today. For the first time in its history, the ECB gave forward guidance on its interest rate policy at today’s news conference in Frankfurt.

Services sector grows for 11th month in row

IRELAND’s services sector enjoyed growth for an 11th successive month in June, with the pace of expansion accelerating.

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