Orange said the deal would add to earnings per share and operating free cash flow by 2017, and would help it save €1.3 billion mostly through network efficiencies

France’s Orange has reached a deal to buy Spanish fixed line telecoms operator Jazztel in an effort to bolster its mobile operation in the country and(...)

Turkey’s president Tayyip Erdogan has warned leading rating agencies over its assessments of the Turkish economy.

Turkey stepped up its criticism of credit rating agencies on Tuesday, with president Tayyip Erdogan warning it could cut ties with Moody’s and Fitch (...)

New apartments in Liljeholmskajen, Stockholm, Sweden. Apartment prices jumped 8 per cent last year and have soared 38 per cent since late 2007 to a record, according to Svensk Maeklarstatistik, which compiles monthly data on Swedish home prices. photograph: photographer: casper hedberg/bloomberg

Johan and Alejandra are the kind of Swedes the International Monetary Fund has been warning about – piling up debt to keep up with an ever-rising prop(...)

Ireland’s borrowing costs are now below that of the US and UK. Photograph: Brendan McDermid/Reuters

Irish borrowing costs hit another record low today in anticipation of further stimulus measures by the European Central Bank. The yield on the State’s(...)

Yields on state bonds across the euro zone have been falling in anticipation of further policy measures by the European Central Bank after last week’s poor growth data. Photographer: Jin Lee/Bloomberg

Ireland’s borrowing costs hit a new record low today following the decision by Fitch to upgrade the State’s credit rating on Friday.Fitch became the s(...)

Minister for Finance Michael Noonan said: “Ireland is now rated at A grade by two of the three main rating agencies, our international reputation continues to improve and the NTMA continues to do an excellent job in securing stable and low cost funding for the State.”

Ratings agency Fitch has upgraded its view on Irish sovereign debt to A-, citing improved trends in the economy and reduced “vulnerabilities” in the (...)

The recent data will undoubtedly give Minister for Finance Michael Noonan more room to manoeuvre in October’s budget than he might ever have expected. Photograph: Gareth Chaney/Collins

As the markets waited yesterday for the latest pronouncement from ratings agency Fitch on its view of Irish sovereign debt, the yield on those borrowi(...)

Rating agency Fitch has restored an A- ratings agency to Irish sovereign debt, citing an improved trend in the economy.

Rating agency Fitch has restored an A- ratings agency to Irish sovereign debt, citing an improved trend in the economy.In a significant pre-Budget boo(...)

Borrowing costs across Europe are falling as government bonds across the euro bloc headed for a weekly advance amid faltering growth and bets inflation will remain subdued.

Irish 10-year bond yields hit a record low of 1.99 per cent this morning, as market sources predict an upgrade for the Irish economy later today fr(...)

The banks continue to benefit from the turnaround in the national finances and the re-rating of Irish debt. Photograph: PA

Fitch struck a rather more sombre note this week amid the euphoria surrounding the return to profitability of AIB and Bank of Ireland. Ever the one to(...)