Business News

Dublin Port reports strong growth in EU trade volumes

21st January 2020

Dublin Port Company has again reported record growth figures for 2019 as trade with the European Union countries experienced strong growth.  Volumes on Ro-Ro (Roll-on/roll-off) and Lo-Lo (life-on/lift off) services to Continental Europe grew by 10.7%, but UK volumes fell by 0.2%.  Dublin Port reported growth in unitised volumes (both Ro-Ro and Lo-Lo combined) of […]

Read More

EU/US trade talks ‘off to good start’

21st January 2020

European Union trade commissioner Phil Hogan said his meeting with senior US officials marked a “good start” to resetting trade ties with Washington, but there was more work to do. Hogan told reporters he had a good exchange of views with US Trade Representative Robert Lighthizer several times during his visit, and underscored Brussels’ desire […]

Read More

Interest rate hike in state’s home loan scheme

21st January 2020

The Government has sharply increased the rate of interest it will charge future first-time home buyers availing of its Rebuilding Ireland Home Loan scheme. As a result of the changes, the 25-year fixed rate has increased to 2.745% from 2%, while the 30-year fixed rate has risen to 2.995% from 2.3%. The move means those […]

Read More

Interest rate hike in state’s home loan scheme

21st January 2020

The Government has sharply increased the rate of interest it will charge future first-time home buyers availing of its Rebuilding Ireland Home Loan scheme. As a result of the changes, the 25-year fixed rate has increased to 2.745% from 2%, while the 30-year fixed rate has risen to 2.995% from 2.3%. The move means those […]

Read More

Dublin Port’s trade with Europe spikes as Brexit takes toll on UK

20th January 2020

Volumes through the country’s busiest port indicate a shift from the UK to a growing trade with the continent. Figures from Dublin Port show volumes to Britain fell by 0.2pc last year, while volumes on services to continental Europe grew 10.7pc. Dublin Port trade volumes hit another record in 2019. The port, whose traffic was […]

Read More

Car sales in Europe get late-year boost helped by incentives

20th January 2020

Europe emerged as a bright spot for the embattled global car industry after car sales jumped to a record in December, but it could be short-lived. The “exceptional” gain in Europe last month was fuelled by a 28% increase in France and a more than doubling in Sweden, where governments changed emissions-based taxes on new […]

Read More

Soaring gold price leads to a refining boom

20th January 2020

In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag — black, yellow and red — and the label “Ugandan’s Treasure.” Uganda produces little gold of its own. Alain Goetz, who set up the refinery, says that by […]

Read More

Housing costs push 2019 inflation rate up to 0.9% – CSO

17th January 2020

New Central Statistics Office figures show the rate of inflation almost doubled in 2019 compared to 2018 with housing, water, electricity, gas and other fuels showing the biggest price increases since 2015. Consumer prices rose by 0.9% in 2019, after increasing by 0.5% in 2018 and by 0.4% in 2017.  The CSO said that during […]

Read More

Central Bank announces consumer and investor protection priorities for 2020

17th January 2020

The Central Bank has said that the protection of borrowers in mortgage arrears will continue to be a key priority for it during 2020. Derville Rowland, Director General, Financial Conduct at the Central Bank, said the bank will closely monitor the treatment of borrowers in arrears and take follow-up supervisory actions as required.  “As part […]

Read More

Dow, S&P 500 at record highs after US-China trade deal

17th January 2020

The Dow Jones and S&P 500 rose to record highs on Wall Street last night following a volatile session marked the signing of the long-awaited US-China trade agreement.  The Dow Jones gained 0.3% to finish at 29,030 and the broad-based S&P 500 added 0.2% to 3,289. Analysts said the choppy trading session reflected worries about […]

Read More