Oil pump owned by  Rosneft: the state oil giant  made a big debt repayment but scrapped a deal to acquire an oil trading business from Morgan Stanley as US regulators refused to clear it. Photograph:  Reuters/Eduard Korniyenko

IMF predicts global lift but former finance minister says Ukraine not oil affecting Russian funds

Treasury Building: agency indicated  holders of the bond due in April 2016 may be offered an opportunity to switch  investment into longer-dated bonds. Photograph: Eric Luke/The Irish Times

Agency moves to offer up to €15bn in long-term bond sales

After rebuffing a takeover bid by International Consolidated Airlines Group, Aer Lingus fell back 0.25 per cent to finish at €1.98. Photograph: Artur Widak/PA Wire

Aer Lingus down after rebuff of IAG bid, while Bank of Ireland loses 2.17%

An elderly lady arranges ruble banknotes as she shops for fresh groceries at the Sennoy street market in Saint Petersburg.

A sharp economic contraction now looms in Russia

Minister for Public Expenditure Brendan Howlin: his department indicated that a further allocation of €62 million needed to meet other additional spending. Photograph: Dara Mac Dónaill

Revised estimates show changes in water charging causing €85m increase

Craig Beaumont, IMF mission chief to Ireland, approved publication of the report. Photograph: David Sleator

Paper argues that forbearance is good for consumption but allows debts to build

Dublin housing. “Most people would agree that supply is the major issue as far as the housing market is presently concerned”

Central Bank says Dublin house prices gaining at rate close to pre-crash peak

‘Peter Nyberg is scheduled to appear today (Wednesday) only for three hours. In question, therefore, is whether a hearing of limited duration can provide a meaningful, comprehensive assessment of the situation in all its dimensions and the gaps in public knowledge.’ Above, Nyberg with his own report on   banking. Photograph: Bryan O’Brien / THE IRISH TIMES

‘The inquiry deals with the single greatest crisis to confront the State since the second World War’

In a submission to the Central Bank’s consultation on proposed mortgage restrictions, the ESRI said it was not clear that new loan-to-value and loan-to-income caps were “fully warranted” in current market conditions. Photograph: Yui Mok/PA Wire

Think tank says restricting mortgage lending could curtail housing supply

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