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Month: February 2018

Shares dip as earnings fail to dispel US rate worries

European shares fell on Wednesday as a batch of corporate results failed to offset concerns that US interest rates could rise faster than expected. The pan- European STOXX 600 index fell 0.7 per cent, with most bourses and sectors losing ground. Federal Reserve chair Jerome Powell’s comments on the strengthening US economy and inflation on […]

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Bill Gates: cryptocurrencies have ‘caused deaths in a fairly direct way’

Bill Gates, the philanthropist and former chief executive of Microsoft, is concerned by the crytocurrency craze, saying that the anonymity offered by the new technology has “caused deaths in a fairly direct way”. Speaking during a Reddit AMA (Ask Me Anything), Mr Gates argued that “the government’s ability to find money laundering and tax evasion […]

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Asian shares slide on weak China, Japan manufacturing data

Asian shares extended losses on Wednesday as weak Chinese and Japanese manufacturing data revived worries about global growth amid anxiety over faster rate rises in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped more than 1 per cent, its biggest daily percentage drop since February 9th when world financial markets were […]

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Markets slip amid indications of US interest rate rises

Markets slipped on Tuesday as new US Federal Reserve chairman Jerome Powell indicated that he would raise interest rates gradually in the world’s biggest economy. DUBLIN Insurer FBD was the star performer after reporting that underwriting profits rose to almost €45 million last year from €3.2 million in 2016. Shares surged 14.83 per cent to […]

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European shares trade higher as focus turns to monetary policy

European shares rose on Monday, with gains across bourses and industry sectors, as the focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday. Shares gave up some of their gains after comments by European Central Bank president Mario Draghi suggested the bank was still confident that inflation […]

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European shares trade higher as Fed policy comes into focus

European shares rose on Monday, with gains across bourses and industry sectors, as the focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday. Shares gave up some of their gains after comments by European Central Bank president Mario Draghi suggested the bank was still confident that inflation […]

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Dublin’s Iseq lags European peers after choppy trading session

European shares ended Friday in positive territory after a choppy session, posting a slim weekly gain as investors digested disappointing company results. The UK’s top share index dipped after bank RBS and Aer Lingus owner IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss. US stocks rose with treasuries and […]

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European corporate results fail to impress investors

The Iseq overall fell 0.14 per cent on Thursday, but still managed to outperform wider European indices. Britain’s top share index fell to a one-week low on the back of disappointing results, big stocks going ex-dividend and concerns over rising bond yields. Across Europe, it was a similar picture, with a flurry of corporate results […]

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Glanbia tumbles as European shares recoup losses

European shares recouped losses on Wednesday as reports of strong results helped boost miners and banks. DUBLIN Food and dairy group Glanbia tumbled 7.46 per cent to €13.53 despite reporting a 55 per cent increase in profits to €329.4 million for 2017. The Kilkenny-based business reined in earning expectations for the coming year in the […]

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Kerry Group falls as Green Reit advances after issuing results

The Iseq overall index advanced 0.23 per cent on Tuesday as results both helped and hindered stocks on the index. Both Kerry Group and Green Reit issued results, with the latter advancing as shares in Kerry Group declined. In Britain a disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal […]

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