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“Deeply concerned” US multinationals call for Irish tax reform

American multinationals are “deeply concerned” about the personal tax burden in Ireland, according to the American Chamber of Commerce Ireland. The Chamber said reform would make Ireland a more attractive location for talented workers. The call comes as Ireland faces increased competition for foreign direct investment with UK chancellor George Osborne announcing plans to slash […]

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Tullow Oil looking for $300m via convertible bond issue

Irish oil and gas explorer Tullow Oil is looking to raise $300m via issuing convertible bonds. The money would be used for “for general corporate purposes and to fund capital investment in the Group’s assets in West and East Africa,” Tullow told the market this morning. The bonds carry a coupon of 6.625pc, Tullow said, […]

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Consumer sentiment hit a four-month high in June – just ahead of Brexit

Consumer sentiment hit a four-month high in June, just ahead of the British vote to leave the European Union. The Brexit vote Brexit is likely to hit sentiment in the coming months but unlikely to prompt a collapse, according to the authors of the KBC Bank Ireland/ESRI consumer sentiment index. This country having more to […]

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The Border Brexodus – shoppers to go North amid fall of pound

The Department of Finance has warned that Vat receipts could drop in the wake of the Brexit vote, claiming plunging sterling may lure shoppers to the North instead. The admission Brexit will hit our tax take came as it was confirmed the takings for the first half of the year were €742m better than expected. […]

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Unemployment figures static in June – CSO

Latest figures released by the Central Statistics Office (CSO) show that unemployment remained static in the month of June. The figures reveal that the nationwide rate of unemployment still stands at 7.8pc, the same as the figure recorded for May of this year. However unemployment has contracted by 1.6pc compared to June 2015. There is […]

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Brexit: Sterling hits new lows, Bank of England slashes banks’ capital requirements

Sterling plunged to new lows against both the dollar and the euro on Tuesday as the UK’s decision to leave the European Union continues to batter investor confidence in the country. The move came as the Bank of England announced moves to help boost lending by up to £150bn (€177bn) as it warned over a […]

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Government would try to house EU bank body

The Irish Government would consider making an attempt to house the European Banking Authority (EBA) in the event of its relocation from London but as yet there is no specific plan in place, the Irish Independent understands. Finance Minister Michael Noonan has said the Government is committed to maximising any opportunities that might arise out […]

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European, UK shares snap winning streak, silver surges

A post-Brexit recovery across European markets stalled on Monday with major share indexes mixed while safe-haven demand for precious metals helped the price of silver surge to a near-two year high. Light trading volumes ahead of a public holiday in the United States is likely to keep markets choppy through the day. Europe’s Stoxx 600 […]

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Brexit: Threat to Irish 12.5pc corporation tax as UK bids to slash rate

The UK is set to dramatically slash corporation tax rates to woo businesses deterred by Brexit, placing it in direct competition with Ireland for vital foreign direct investment. British Chancellor George Osborne outlined plans to aggressively cut its corporate tax to less than 15pc as he unveiled his plan to galvanise the economy. This would […]

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International survey ranks Ireland in Top 10

Ireland has moved into the top 10 ranking in a global reputation study. Amid the economic warnings over the Brexit fallout and the impact it could have here, Ireland has been ranked in ninth position by the public across the G8 nations out of 55 countries surveyed. However, the survey, published by The Reputations Agency […]

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