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Oil prices were stable today as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown and lower Chinese fuel demand. Brent crude futures eased by seven cents, or 0.08%, to $91.55 a barrel, while US West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.14%, at $85.34. WTI had…

The dollar lost ground against sterling and other major peers today as investor sentiment picked up following the UK’s dramatic U-turn over the tax-slashing mini budget that had roiled global markets. The British pound extended gains following a media report that the Bank of England is set to delay quantitative tightening until bond markets calm.…

European new car registrations jumped in September, the second month in a row of growth after 13 months of consecutive decline, data from the region’s carmaker association showed. The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew by 7.9% on the year to 1,049,926 units,…

The unadjusted exports of goods in August increased by €6.3 billion to €19.5 billion compared with August last year, today’s CSO figures show The unadjusted exports of goods in August increased by €6.3 billion to €19.5 billion compared with August last year, today’s CSO figures show The latest Central Statistic Office trade figures show a…

Sterling inched cautiously higher following British Prime Minister Liz Truss’s partial reversal of her government’s economic plan. The pound gained 0.42% to stand at $1.1225, after Truss said on Friday that Britain’s corporation tax will rise to 25% from April next year instead of keeping it at 19% as part of her government’s initial “mini-budget”.…

Minster for Finance Paschal Donohoe has said economic co-operation between Ireland, the European Union and the United States is at a new high point. Speaking in Washington DC after a joint meeting of the Eurogroup finance ministers and US Treasury Secretary Janet Yellen, Mr Donohoe, who chairs the Eurogroup, said: “What we have done over…

Ireland is to be the location for a new International Sustainable Finance Centre. The centre will act as an international hub from which the finance community based in Ireland will help develop a response to sustainability. It will conduct research, help develop talent and conduct leadership activities. Its aim will be to help finance firms…

New Central Statistics Office figures show that the annual rate of inflation rose by 8.2% in September, down from an annual increase of 8.7% in August. The latest figures from the Central Statistics Office show food prices increasing but a slight decrease in fuel prices last month. The annual rate of inflation overall moderated last…

Residential property prices increased by 12.2% in the year to the end of August according to the Central Statistics Office, down from 13.3% in the 12 months to July. Prices in Dublin rose by 9.7% over the year, while prices outside the capital were up by 14.2%. The median price of a home purchased over…

New figures from the Central Bank show the average interest rate on new Irish mortgages rose to 2.64% in August 2.63% in July. The equivalent euro area average rate rose by 13 basis points to 2.21% in August – its highest level since at least August 2017 and almost double the rate this time last…