Saturday, 25 May 2024

Business

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John Downing: 'Leo shuns a pre-election post-Brexit 'mini-budget''

If it seems like something from back in another lifetime, then it is very probably because we are talking about a distant “Budget land” that time has almost forgotten. Budget day was a big news day – not quite up there with the All-Irelands, the Grand National, and the Eurovision Song Contest and such. But […]

House prices rising at less than 5% a year across UK’s biggest cities

None of the UK's biggest cities saw annual property growth hit 5% or more in August – marking the first time this has happened since 2012 as the market adjusts to more realistic pricing, according to an index. Zoopla's report, which covers house price movements in the UK's 20 biggest cities, found that the fastest […]

Jaguar Land Rover plans week-long factory shutdown over Brexit

THE UK’s biggest car maker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said yesterday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit. The car industry, which is Britain’s biggest exporter of goods, has been vocal about its […]

Asian shares on track for weekly loss amid mounting U.S. political uncertainties

TOKYO (Reuters) – Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.09%, having fallen 1.4% so […]

Fed's Clarida says inflation expectations in line with mandate

SAN FRANCISCO (Reuters) – U.S. inflation expectations are currently in line with the central bank’s 2% goal, Federal Reserve Vice Chair Richard Clarida said on Thursday, a remark that suggests he does not see a pressing need for new rate cuts to push inflation back up. “I myself do judge that U.S. inflation expectations do […]

Asian shares on track for weekly loss amid mounting U.S. political uncertainties

TOKYO (Reuters) – Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.09%, having fallen 1.4% so […]

Mixed results for travel giants TripAdvisor and Lonely Planet

Profits at the Irish arm of the world’s largest online travel platform, TripAdvisor, last year increased by 8.5pc to €533,069. According to new accounts, accumulated profits at TripAdvisor Ireland Ltd last year increased to €1.62m from €1.09m. The profits of €533,069 follow profits of €491,297 in 2017. Numbers employed by the firm increased to 72 from […]

Johnson Brexit plan 'a disaster' for Ireland as UK in paralysis

British Prime Minister Boris Johnson’s attempts to replace the backstop have been dismissed as “fanciful”. Addressing an audience in New York, Tánaiste Simon Coveney said that if the UK continued on its current path it would amount to “a disaster for Ireland”. He accused the UK government of “creating a much bigger problem to solve […]

Asian stocks gain as Trump says China trade deal could be 'soon'

TOKYO (Reuters) – Asian stocks rose on Thursday as hopes the United States and China may soon end their year-long trade war boosted demand for riskier assets while worries about a U.S. presidential impeachment bid ebbed. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13%. Japan’s Nikkei rose 0.40%. Chinese blue-chip shares advanced […]