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Tag: Business

Output cuts, healthy demand support oil near three-year high

Brent crude oil prices held near $70 a barrel on Tuesday, a level not seen since 2014’s dramatic market slump. Prices have been driven up by production curbs in Opec nations and Russia, as well by strong demand thanks to healthy economic growth. Brent crude futures dipped 30 cents, or 0.4 per cent, to $69.96 […]

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Euro takes a breather as it steadies near three-year highs

The euro held steady on Tuesday, taking a breather after having rallied on the back of optimism about the euro zone’s economic outlook and expectations for the European Central Bank to wind down its massive monetary stimulus. Comments by the Estonian central bank chief and ECB rate-setter Ardo Hansson on Monday reinforced those expectations, with […]

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Report says gap between CEO pay and Irish worker is widening

A trade union study of executive salaries says the gap between the pay packets of chief executives and those of average workers is widening in most major Irish companies. The report – Because We’re Worth It: The Truth about CEO pay in Ireland – was carried out by the Irish Congress of Trade Unions (Ictu). […]

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Oil hits new highs as Opec members calls for output curbs to continue

Oil reached new highs in London as Opec members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi oil minister Jabbar al-Luaibi said on Saturday that production curbs had contributed to stability […]

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Oil hits highs as Opec members calls for output curbs to continue

Oil reached new highs in London as Opec members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi oil minister Jabbar al-Luaibi said on Saturday that production curbs have contributed to stability […]

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Carillion collapse weighs heavily on UK and European equities

On the first day of a new trading week US markets were closed on account of Martin Luther King day. Meanwhile, Ireland’s benchmark Iseq overall index edged up by 0.08 per cent, beating its UK and European peers. Both UK and European stocks fell on Monday, with Carillion’s collapse causing investors to establish the disruption […]

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Sterling extends gains but rally may be drawing to a close

Sterling edged higher on Monday after posting its biggest jump in four months on Friday on a media report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the EU crushed short positions. The British currency’s gains above the $1.37 line was also due to […]

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Junk-bond titan Coulson braves market jitters to tee up payday

You’ve got to hand it to Paul Coulson and how he can play international debt markets. The Dublin financier’s glass and metal containers group, Ardagh, has raised almost $10 billion (€8.3 billion) selling “junk bonds” in six deals in the past two years – making him by far the biggest Irish player in global capital […]

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Strong JPMorgan earnings update boosts US financial stocks

The UK’s top share index held on to record highs on the last day of the trading week as the Iseq overall index edged up by 0.58 per cent. Meanwhile, in the US, a strong update by the biggest US lender by assets, JPMorgan lifted financial stocks while robust retail sales data helped Amazon provide […]

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European shares dip as bond sell-off slows rally

European shares dipped on Thursday as a bond market sell-off and a stronger euro took the steam out of the breakneck New Year rally in equities. Results drove the bulk of stock moves, with disappointments from retailers Tesco and Marks & Spencer weighing heavily. Dublin The Iseq fell 0.9 per cent as a climb for […]

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