Michael Hasenstab, who  is reputed to have spent about €6.3 billion buying more than a third of Ukraine’s  sovereign bonds

News this week of Michael Hasenstab’s investment in Digicel bonds for Franklin Templeton recalls his successful contrarian bet on Irish debt at the he(...)

Cuba is on the radar for that most capitalist of investments, a golf course. Photograph: Claudia Daut/Reuters

After years of isolation, the recent thawing of relations between the United States and Cuba is beginning to deliver the prospect of concrete economic(...)

The cynic might argue that the managed variable rates (MVR) that are replacing the SVRs are just a reincarnation of good old loan-to-value mortgages.  Photograph: Vladimir Weiss/Bloomberg News

Permanent TSB can be accused of making a virtue out a necessity with the announcement of the “abolition” of the standard variable rate (SVR). All the (...)

IAG chief executive Willie Walsh: company has not taken any particular position on the Heathrow expansion plans. Photograph: Anthony Devlin/PA Wire

Part of the rationale for the International Consolidated Airlines’ Group (IAG) €1.4 billion bid for Aer Lingus is that the group believes Heathrow Air(...)

Janet Woodcock, FDA director of the agency’s Center for Drug Evaluation and Research: Amarin has taken a pre-emptive First Amendment case, accusing the FDA of restricting its right to free speech

The US Food and Drug Administration seems mildly discomfited. It’s not a state that one usually associates with the most powerful regulator of the pha(...)

The latest figures for house prices and mortgage approvals all point towards a market growing at something close to a sustainable rate. Photograph:  Frank Miller

There can be little doubt that the controls on mortgage lending introduced at the start of the year are working. The latest figures for house prices a(...)

Almost three years have passed since Mario Draghi promised that the ECB would do “whatever it takes” to save the euro. All that followed has pushed the German faction in the bank to the limit but it may yet be pushed further still.  Photograph: Daniel Roland/AFP/Getty Images

The news from Greece is grim. As frantic efforts continue to coax the country’s reluctant government back into talks with sceptical creditors, thought(...)

According to the 2014 accounts for the Luxembourg company, La Touche House in the IFSC had a fair value at the end of the year of €50.39 million. Photograph: Bryan O’Brien

The slump in commercial property prices in central Dublin over the past number of years, and then their surprisingly robust resurgence, has been a rol(...)

Tesco said currency movements affected total sales at actual rates in Ireland, central Europe and Turkey. Photograph: PA

Tesco shares received a fillip after sales dropped by less than forecast in the first fiscal quarter, but the pain goes on in Ireland. Like-for-like s(...)

Digicel will raise equity by selling new Class A shares, which carry a 10th of the voting power of the B stock held by O’Brien

Denis O’Brien’s plans for an initial public offering of Digicel shares marks a turn away from the debt financing of the firm’s ascent. No detail is pr(...)