Four months have passed since Alexis Tsipras’s hard-left Syriza movement swept to power with ardent promises of a new beginning for Greece, an end to austerity and the “humiliation” of troika oversight, and a write-down of the vast national debt. Well, it never happened. Photograph: Alkis Konstantinidis/Reuters

The long and increasingly dangerous standoff between Greece and its creditors is coming to a head. With its economy at a halt after years of turmoil a(...)

Permanent TSB: its rating has been raised in the wake of the bank’s securing €525 million in capital. Photograph: Alan Betson/The Irish Times

Standard & Poor’s has followed Moody’s by raising its rating on Permanent TSB in the wake of the bank’s securing €525 million in capital. The rati(...)

The agency upgraded PTSB’s deposit rating to B1 from B3 and its senior unsecured rating from Caa1 to B2

Moody’s has upgraded the Permanent TSB’s deposit and senior unsecured ratings two weeks after the bank raised €525 million from capital markets.The ra(...)

Ardagh was vying with a number of private equity giants to buy St Gobain’s European glass-making unit, Verallia

Irish-owned packaging group Ardagh’s decision to pull out of the race for St Gobain’s bottle and jar manufacturing division is good for its creditwort(...)

Greek finance minister Yanis Varoufakis arriving for a cabinet meeting at the Greek parliament in Athens on Thursday. Louisa Gouliamaki/AFP/Getty Images

Negotiations between Greece and its lenders recommenced in Brussels yesterday under a new Greek negotiation team, with signs an interim deal could (...)

Greek finance minister Yianis Varoufakis  is ready for an ‘honest solution’ to Greece’s economic ills Photograph: AFP/Getty

Greece’s leftist government offered its biggest concessions so far in a race to remove roadblocks in crunch talks with lenders on a cash-for-reforms p(...)

President Shinzo Abe’s decision to delay a sales tax hike to 10 per cent  has made it difficult to eliminate the primary budget deficit in fiscal 2020

Fitch Ratings downgraded Japan’s credit rating by one notch after the government failed to take steps in this fiscal year’s budget to offset a delay i(...)

Permanent TSB denied the payments were bonuses. A spokesman explained they were commissions and have been part of staff’s salaries since before the financial crash in 2008. Photograph: Alan Betson

Permanent TSB staff shared about €1 million in extra commission payments last year for hitting sales targets, it has emerged.The largely State-owned (...)

Moody’s changed in the review status on Permanent TSB following  the European Commission’s approval in principle of the bank’s restructuring plan. Photograph: Scott Eells/Bloomberg

Moody’s has altered its review status on Permanent TSB’s baseline credit assessment, changing it from review for downgrade to review with direction un(...)

 Life insurance companies in Ireland are among the least exposed to interest rate risk, according to Moody’s Investors Service. Photo: Bloomberg

Life insurance companies in Ireland are among the least exposed to interest rate risk, according to Moody’s Investors Service.The ratings agency revie(...)