Digicel  mobile operator owner Denis O’Brien. Digicel Limited, the Bermuda-based entity raising the debt on behalf of the group, said it will use the cash to buy back more expensive senior loan notes, issued in 2009. Photograph: David Sleator

Digicel, the Caribbean mobile operator owned by Denis O’Brien, plans to raise $925 million in unsecured loan notes to fund a buyback of more expensiv(...)

US authorities are stepping up their inquiry into whether Moody’s inflated ratings on mortgage derivatives

US authorities are stepping up their probe into whether Moody’s inflated ratings on mortgage derivatives to win business in the lead-up to the financi(...)

 US rating firm Standard & Poor’s said February 3, 2015 it had agreed to pay $1.37 billion to settle lawsuits that it overrated mortgage bonds at the heart of the “subprime” housing crisis. S&P said it had not admitted to any legal violations in the settlements, which resolve 2013 lawsuits filed by the US Department of Justice, 19 states and the District of Columbia. Under a separate settlement with California pension fund CalPERS over mortgage deals, the company will pay $125 million. S&P said it would pay $687.5 million to the Justice Department and $687.5 million to the states and Washington, DC. (Photograph: Emmanuel DunandEMMANUEL DUNAND/AFP/Getty Images)

Standard and Poor’s $1.5 billion settlement with the US Justice Department, more than a dozen states and the biggest US pension fund today will let t(...)

Moody’s previously described Budget 2015 as a missed opportunity for Ireland to further reduce its elevated debt levels and warned that the move left the economy “more vulnerable to unexpected shocks”.

Ratings agency Moody’s has said that Ireland’s economy is recovering at a reasonably fast pace but that last year’s strong growth pattern is unlikely (...)

Twitter: results out on Thursday. Photograph: Reuters/Kacper Pempel
Your business diary for this week

TODAY Results: Exxon Mobil. Indicators: Euro zone Markit manufacturing PMI (Jan); Irish PMI manufacturing (Jan); US ISM manufacturing PMI (Jan) and pe(...)

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products and consolidation in various forms is expected for companies that lack either global reach or a specialised focus.

Axis Capital Holdings and PartnerRe have agreed an all-share $11 billion merger to create one of the world’s largest reinsurers, responding to inte(...)

The €4 billion raised last week added to the just over €11 billion in cash held by the NTMA on behalf of the State at the end of 2014.  Photograph: Eric Luke/The Irish Times

The National Treasury Management Agency plans to hold bond auctions in February and March as part of its plan to raise between €12 billion and €15 bil(...)

It is understood that the bond offering could be launched and priced as early as today. Photograph: Eric Luke

The National Treasury Management Agency is planning to raise between €3 billion and €4 billion this week as part of a syndicated bond transaction. T(...)

Unemployment in the Republic could fall to 9.7 per cent in 2016 from 11.2 per cent this year, analysts with ratings agency Standard & Poor’s have said. Photograph: Frank Miller

Unemployment could slip below 10 per cent within the next two years on the back of continued growth, according to an assessment of the Republic’s e(...)

Demonstrators march in Sao Paulo against corruption and the government of president Dilma Rousseff. Photograph: Bosco Martin/EPA

Public prosecutors in Brazil have charged 36 people, including top executives from some of the country’s leading civil engineering companies, with inv(...)