| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Taxation

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Oct 9, 2015 - 12:32 AM

News : EU Economy

The start of 2015 saw a modest growth acceleration in the eurozone manufacturing sector. The final seasonally adjusted Eurozone Manufacturing PMI (purchasing managers' index) posted in line with the earlier flash estimate of 51.0 and slightly above December’s level of 50.6.

Feb 2, 2015 - 8:59 AM

News : EU Economy

Greece in recent days has been giving mixed signals on debt talks with Bloomberg News reporting that Alexis Tsipras, prime minister, called Mario Draghi, ECB president, late Friday following a tetchy meeting in Athens between Yanis Varoufakis, finance minister, and Jeroen Dijsselbloem, Eurogroup head and Dutch finance minister.

Feb 2, 2015 - 7:20 AM

News : EU Economy

Eurozone annual inflation is expected to be -0.6% in January 2015, down from -0.2% in December 20143 , according to a flash estimate from Eurostat, the statistics office of the European Union. Meanwhile the Eurozone (EA18) seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 20144 , and from 11.8% in December 2013. This is the lowest rate recorded in the Eurozone since August 2012.

Jan 30, 2015 - 3:51 PM

News : EU Economy

When Agnieszka Gagala took out a Swiss franc mortgage in Poland in 2009, her debt amounted to 260,000 zloty (CHF64,000). After the Swiss National Bank (SNB) abandoned its defence of the franc, the exchange rates went into overdrive, leaving Gagala with 500,000 zloty to pay back.

Jan 30, 2015 - 1:27 AM

News : EU Economy

Greece has had a pathetically poor export performance for decades and in contrast with countries such as Spain and Portugal during the crisis, the exporting sectors failed to soften the austerity measures while some of the bailout troika's demands made the situation worse. The economy is the most closed in the European Union making Greece Europe's worst exporter.

Jan 29, 2015 - 7:19 AM

News : EU Economy

Deutsche Welle, the German broadcaster, says that based on reports by the Reuters and AFP news agencies, the German government forecasts GDP growth in 2015 at 1.5%, up from an earlier estimate of just 1.3%.

Jan 28, 2015 - 7:29 AM

News : EU Economy

Growth of business activity in the Eurozone economy accelerated to its fastest for five months in January. The Markit Eurozone PMI (purchasing managers' index) Composite Output Index rose from 51.4 in December to 52.2, according to the ‘flash’ estimate, which is based on around 85% of total survey replies.

Jan 23, 2015 - 3:25 PM

News : EU Economy

The euro's effective exchange rate is down 10% in the past six months and while some fear that the new quantitative easing (QE) program that was announced by Mario Draghi, ECB president, on Thursday could provoke a currency war, the improved exchange rate will not spur an exports boom but along with other short-term benefits, it will help.

Jan 23, 2015 - 8:16 AM

News : EU Economy

Spain added almost 434,000 jobs in 2014 and at the end of December almost a quarter of employees had temporary status with few rights and low pay.

Jan 23, 2015 - 4:21 AM

News : EU Economy

The governing council of the European Central Bank meeting in Frankfurt today agreed to launch a quantitative easing (QE) sovereign bond-buying program amounting to €60bn each month - asset-backed securities and covered bonds are also included.

Jan 22, 2015 - 3:35 PM

News : EU Economy

The European Central Bank has left its key rates unchanged ahead of its expected announcement of a QE (quantities easing) bond-buying program.

Jan 22, 2015 - 1:06 PM

News : EU Economy

The European Central Bank has left its key rates unchanged ahead of its expected announcement of a QE (quantities easing) bond-buying program.

Jan 22, 2015 - 1:06 PM

News : EU Economy

The governing council of the European Central Bank meeting in Frankfurt today is expected to agree to launch a quantitative easing (QE) sovereign bond-buying program that is commonly called "money printing" - in contrast with sovereign bond purchases in the aftermath of the Greek crisis, there will be "no sterilisation" where equivalent amounts are withdrawn from the credit markets.

Jan 22, 2015 - 7:20 AM

News : EU Economy

Peter Elston has warned that the looming spectre of deflation could prove disastrous for equity markets.

Jan 19, 2015 - 2:56 PM

News : EU Economy

Germany's economy grew at 1.5% in 2014 and while this was its best performance in 3 years, it weakened after a strong start, expanding only by 0.1% in the third quarter - Destatis, the national statistics office, has yet to publish separate fourth quarter data. The economy only grew by 0.1% in 2013.

Jan 15, 2015 - 2:21 PM

News : EU Economy

In the month of November 2014 seasonally adjusted industrial production rose by 0.2% in both the Eurozone (EA18) and the EU28, according to estimates from Eurostat, the statistics office of the European Union. In October 2014 industrial production grew by 0.3% in the both zones.

Jan 15, 2015 - 1:57 PM

News : EU Economy

Following revelations last November about Luxembourg's system of extensive corporate tax avoidance for multinational corporations, a quarter of members of the European Parliament were reported on Wednesday to have backed a proposal from the Greens to set up a special inquiry committee on tax evasion and avoidance.

Jan 15, 2015 - 1:34 PM

News : EU Economy

Following a weak winter half in 2014/15 Germany's economy looks likely to regain its footing as 2015 progresses. However, sluggish performance at the turn of the year means growth will probably average only 1% in 2015 after 1.4% in 2014, according to Deutsche Bank economists.

Jan 12, 2015 - 7:25 AM

News : EU Economy

Germany today reported that exports and industrial production fell in November 2014 while the UK reported a fall in industrial and construction output. The UK trade deficit narrowed due to a fall in the fuel import bill. Meanwhile France also reported a decline in industrial production.

Jan 9, 2015 - 10:50 AM

News : EU Economy

The flash estimate on Wednesday from Eurostat, which showed that annual euro area inflation had fallen by 0.2% in December 2014, makes a European Central Bank announcement of a quantitative easing (QE)/ sovereign bond buying program a near certainty on January 22 when the governing council will hold a policy meeting. However, deflationary trends exist also in many parts of the world.

Jan 8, 2015 - 8:50 AM

News : EU Economy

The Eurozone (EA18) seasonally-adjusted unemployment rate was 11.5% in November 2014, stable compared with October 2014, but down from 11.9% in November 2013. The EU28 unemployment rate was 10.0% in November 2014, down from 10.1% in October 2014 and from 10.7% in November 2013. Austria's rate was lowest at 4.9%.

Jan 7, 2015 - 11:02 AM

News : EU Economy

The Eurozone annual inflation rate fell December 2014 and the risk of deflation entered the red zone.

Jan 7, 2015 - 10:20 AM

News : EU Economy

The Eurozone service sector remained on a soft track at the end of 2014. Although growth of business activity and new orders was recorded, with trends in both improving on those signalled in November, rates of expansion were only modest in both cases. A further drop in backlogs of work and muted business confidence† also highlighted the underlying subdued conditions in the sector.

Jan 6, 2015 - 10:27 AM

News : EU Economy

The euro fell to a nine-year low against the US dollar on Monday, as investors expect an announcement on January 22 by the European Central Bank that it will begin buying sovereign bonds while controversy raged in Germany about a report that the government was preparing to allow Greece to abandon the single currency.

Jan 5, 2015 - 8:10 AM

News : EU Economy

The Eurozone manufacturing sector ended 2014 on a subdued note, as rates of growth for output, new orders and employment all continued to track close to stagnation. At 50.6 in December, the final seasonally adjusted Eurozone Manufacturing PMI (purchasing manager' index) was up slightly from November’s low of 50.1, but edged down from the flash estimate of 50.8.

Jan 2, 2015 - 9:22 AM

News : EU Economy

Investor sentiment in Germany rose sharply in December, spiking 23.4 points to 34.9 in December, according to an investor confidence index. It is the highest level since May 2014.

Dec 17, 2014 - 1:56 AM

News : EU Economy

Eurozone business activity grew at a slightly faster rate in December, but the pace of expansion was still one of the weakest seen over the past year. The Markit Eurozone PMI (purchasing managers' index) rose from November’s 16-month low of 51.1 to 51.7 in December, signalling a modest upturn in the rate of growth. However, the reading was the second-lowest seen over the past year and failed to prevent the average reading for the fourth quarter from falling to the lowest since the third quarter of 2013.

Dec 16, 2014 - 9:09 AM

News : EU Economy

On Thursday, the ECB is going to conduct the second of its targeted longer-term refinancing operations (TLTROs) to unlock bank lending in general and to ease the access-to-finance problems of SMEs in particular. To what extent TLTROs will be able to revitalise bank lending to SMEs may depend mainly on i) banks’ demand for TLTROs, ii) their intended use of the funds and iii) the importance of SME lending for banks’ business as a whole.

Dec 16, 2014 - 8:13 AM

News : EU Economy

The Ifo Institute expects the German economy to gain impetus in 2015 and it forecasts economic output to increase by 1.5% in the year.

Dec 12, 2014 - 12:13 AM

News : EU Economy

Actual consumption per capita (AIC) data issued Thursday by Eurostat, the EU statistics office, shows Germany 22% above the average and Ireland, Cyprus and Spain 6 to 10% below - AIC is a proxy for standard of living.

Dec 11, 2014 - 10:59 AM

News : EU Economy

The financial crisis has exacted a severe toll on society in the Eurozone. Nowhere is this more apparent than in the headline-generating figures for youth unemployment, which peaked at over 50% in some countries in September 2014. Even today only 4 out of 10 workers (excluding numbers in education) between the ages of 15 and 24 in the most vulnerable Eurozone countries are employed. And if the Eurozone’s recovery slows, these numbers could start to climb again. However, in several countries, the problem has predated the current crisis.

Dec 10, 2014 - 12:37 AM

News : EU Economy

German imports fell sharply in October reflecting weak economic conditions in the Eurozone according to data issued Tuesday - declining oil prices were also a factor. However, unadjusted exports hit a new monthly record high.

Dec 9, 2014 - 6:15 AM

News : EU Economy

German employment rose over 43m in November 2014 for the very first time and the gain in jobs was in full-time employment with a fall in what are called 'atypical' types of employment as shown in the first chart above. In contrast the quality of the jobs created in the UK in particular and lesser so in Ireland, is lower.

Dec 5, 2014 - 7:35 AM

News : EU Economy

Mario Draghi, European Central Bank president, said Thursday that the governing council will decide early in January whether to launch measures such as sovereign bond-buying which is called quantitative easing (QE) while commenting that the fall in oil prices may make raising inflation from its November annual rate of 0.3% difficult to achieve. He also announced cuts in forecasts.

Dec 4, 2014 - 3:23 PM

News : EU Economy

At meetings of the policy committees of the European Central Bank and Bank of England today in London and Frankfurt, benchmark interest rates were kept at historic lows.

Dec 4, 2014 - 1:36 PM

News : EU Economy

The governing council of the European Central Bank meets Thursday in Frankfurt and the big focus is on whether recent hints by ECB officials on plans to soon begin a program of purchasing large amounts of sovereign bonds in the market known as quantitative easing (QE) will be confirmed, to boost economic prospects in the single currency area.

Dec 4, 2014 - 8:17 AM

News : EU Economy

Eurozone retail sales volume rose in October but remain at the level in 2004, according to data Wednesday from Eurostat, the statistics office of the European Union.

Dec 3, 2014 - 10:59 AM

News : EU Economy

German manufacturing wages are the highest of the big industrial nations contrary to the common argument that it has stolen an export advantage on its fellow member countries of the euro area, through low wages.

Dec 3, 2014 - 6:24 AM

News : EU Economy

Germany, France and Italy have called on the European Commission to accelerate and expand reforms on special tax deals for multinational companies, saying the EU should adopt rules by the end of next year.

Dec 2, 2014 - 8:30 AM

News : EU Economy

The slowdown in the Eurozone manufacturing sector continued into November, according to the latest PMI surveys from Markit. At 50.1, the final seasonally adjusted Eurozone Manufacturing PMI (purchasing managers' index) was only slightly above the no-change level of 50.0 and below its earlier flash estimate of 50.4. Germany, France and Italy contracted in the month.

Dec 1, 2014 - 9:21 AM

Latest Headlines
Finfacts launches new news site
Strong Swiss franc gloom deepens for exporters
Spain's strong recovery to slow in the next few years
Global investors shift focus to China; EM outflows surge to $1tn in 13 months
Digital Taylorism: Amazon's chief rejects depiction of "soulless, dystopian workplace"
Irish residential rents rise 9% as students face tight market conditions
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Most surviving startups do not grow; Tiny number powers jobs engine
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
Global oil glut will continue into 2016
High EU youth unemployment rate not as bad as it seems
Despite euro dip China & US remain most competitive manufacturing nations
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Stable growth momentum in OECD area but slowing expected in China
Eurozone retail PMI surges to highest since January 2011
Irish construction activity growth eased in July
ECB monetary policy still tight for Southern Europe
US jobs rose by 215,000 in July; Unemployment rate stable at 5.3%
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Prices for major food commodities in July lowest since September 2009
Business startup rates up in most OECD countries led by Australia and UK
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Global manufacturing in July weakest level in two years
Irish manufacturing PMI strong in July
Eurozone manufacturing sector continued to expand in July
US economy grew at weak pace in Q2 2015 - Worst expansion since 1945
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
Irish residential property prices fell in Dublin in June
Disastrous 44-year War on Drugs and ignoring the evidence
HSBC & Tax Evasion: France/ Belgium issued criminal charges; UK/ Ireland nothing
Analysis: Germany world's top surplus economy; UK tops deficit ranks
Facts do not always change minds - can even entrench misinformed
Finfacts changes from 2015
Facts of 2014: Guinness not Irish; 110 people own 35% of Russia's wealth
In defence of dissent and Ireland's nattering nabobs of negativism
Dreams of European Growth: France and Italy facing pre-euro economic problems
Globalization's new normal needs permanent underclass - Part 1
MH17 and Gaza: who is responsible?
Israel vs Palestine: Colonization set for major expansion
Aviva Ireland's 'fund' runs dry and life cover to die for
We wish Martin Shanahan - new IDA Ireland chief - well but...
Ireland as an Organised Hypocrisy is in lots of company
Dr Peter Morici: Friday’s US jobs report won’t alter Fed plans to raise interest rates
Own Goal: Could FIFA have picked worse World Cup hosts?
Ireland: Spin and spending will not save bewildered Coalition
Irish Government parties set for 2-year vote buying spending spree
European Parliament: Vote No. 1 for Diarmuid O'Flynn in Ireland South
Dr Peter Morici: US April jobs report may show 215,000 added in April
Dr Peter Morici: Hardly time to call Obamacare a success
Celtic Tiger RIP: Change in conservative Ireland six years after crash
Dr Peter Morici: Five things to know about the Fed’s obsession with inflation
In age of acronym/ Google, Trinity to rebrand as 'Trinity College, the University of Dublin’
Hoeness case part of ‘painful’ change for Swiss bankers
Dr Peter Morici: The Cold War was only on vacation
Dr Peter Morici: US economy drags on Obama's approval ratings; Don’t look for changes in Washington
Dr Peter Morici: Bitcoin debacle shatters the myth of virtual money
Dr Peter Morici: US Tax Reform: Eliminate the income tax and IRS altogether
Wealth threatens the simple life in Gstaad, Switzerland
Irish journalists get cash payouts over 'homophobic' defamation claim
Irish academics get lavish pension top-ups as private pensions struggle
Dr Peter Morici: Inequality is President Obama’s highest priority, but solutions are naive
The Finfacts Troika: Better times ahead and a hangover to forget?
Dr Peter Morici: Volcker Rule arrives with the hidden jewel in Dodd-Frank financial reforms
Ireland's toothless fiscal watchdog threatens to bark
Analysis: Germany's current account surplus - - Part 2
The end of western affluence?
Bono's hypocrisy on Africa, corporate tax avoidance in Ireland
France like Ireland is run for the benefit of the old
Asia Economy
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn