Business News

How to hedge against currency volatility

1st November 2017

he value of any currency can, and does, fluctuate over time due to the many economic, fiscal or political vagaries that face any economy, and in turn their domestic currency. The outcome of certain ‘risk events’ can have a material impact on the value of currencies, dependent on the outcome of said events. The aftershocks […]

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Over half of Irish businesses expect a cyber attack on their operations by year end

25th October 2017

More than half of Irish businesses expect a cyber attack on their operations by the end of 2017 while 36pc have already experienced one this year, according to the results of a new survey. And significantly, 84pc of businesses see potential attacks as a major threat to their operations, according to the Dublin Information Sec […]

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Warning hard Brexit could leave Border region further behind

25th October 2017

How to deal with the Border issue post-Brexit looks increasingly intractable. Foreign Minister Simon Coveney has argued we are on the cusp of agreement on maintaining the Common Travel Area, which will ensure the free movement of people north and south. But maintaining current levels of cross border cooperation and integration, and ensuring the tariff-free […]

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Buying your first home can be a stressful experience, here’s all you need to know

25th October 2017

With so many seemingly attractive offers out there to lure first time buyers it can be hard to navigate the mortgage market. We spoke to Áine Carroll, Director of Communications and Marketing Insights of the Competition and Consumer Protection Commission (CCPC) about how first-time buyers can cut through the noise in the mortgage market and […]

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Eurogroup chief warns countries still exposed to ‘future shocks’

24th October 2017

Eurozone countries remain vulnerable to another crisis because they don’t have the fiscal space to absorb future shocks, the outgoing head of the Eurogroup has warned. Jeroen Dijsselbloem, who heads up the group of finance ministers from the 19 euro area countries, said the bloc’s capacity to deal with future shocks is “very thin”. “You […]

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Apartments now cost more to build than houses: experts

24th October 2017

The cost of building a two-bedroom apartment is way in excess of the selling price, meaning few developments are likely to go ahead unless the Government tackles Vat, levies and other costs, a new report claims. The Society of Chartered Surveyors Ireland (CSI) says it is cheaper to build a three-bedroom semi-detached house than an […]

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Finance Minister: ‘Stamp duty hike in national interest’

24th October 2017

Finance Minister Paschal Donohoe has issued an unapologetic defence of his decision to increase the rate of stamp duty on commercial property transactions from 2pc to 6pc in the Budget. Responding to questions on the matter at Davy’s annual conference, held in Dublin last Thursday night, he made it clear that he would not bow […]

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What happens if my loan is sold?

20th October 2017

If your loan is sold to a vulture fund or another bank all of the original contracts remain the same – though that includes the obligation to make repayments. AIB isn’t selling residential home loans, which carry special protections. While the legal situation doesn’t change, the lender’s approach can. In some cases vulture funds are […]

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What happens if newly-built houses cannot find buyers?

20th October 2017

If only there was a simple formula for predicting market crashes, we’d all get rich. (Well, those who knew it would). But there isn’t. Except that, just maybe, there might be when it comes to housing. A tall claim – and one I don’t intend betting money on. Even if I were legally entitled to […]

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Ireland is a high cost location for small firms – SFA

20th October 2017

Ireland is a high cost location for small firms, according to Linda Barry, assistant director at the Small Firms Association (SFA). Addressing the Joint Oireachtas Committee on Business, Enterprise and Innovation yesterday, Ms Barry said that many SFA members were operating in low margin environments, making it difficult for them to absorb cost increases. In […]

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