Bank of China

Dublin-based company achieves unicorn status after surpassing $1bn valuation

Ant will now be supervised more like a bank, a move with far-reaching implications for growth

Irish fintech already employs 400 locally, and a further 450 people outside of Ireland

Roy Barrett’s company loan also fell from €80,000 to €18,880, latest accounts show

Market Beat:

Report finds world’s biggest banks pumping finance into activities of corporate polluters

Scandinavian airline’s examinership continues

Airline and Irish subsidiaries have High Court protection from creditors

Airline seeking to hand back 36 aircraft

Firm availed of Temporary Wage Subsidy Scheme for eight weeks at outset of pandemic

Irish fintech says it is still weighing up a stock market flotation

High Court extends examinership as $2.5bn of group debt discharged

Expectation is that Ant and Alibaba will survive but face tighter regulation

Troubled carrier moves aircraft to Shannon in preparation for returning them to lessors

Scandinavian group could offload some of its 140 aircraft amid restructuring

Creditors tell court they are neutral on airline’s attempt to restructure

Fintech takes top prize with other winners including City Swift, NearForm and Fineos

Court documents show winding up company would wipe out most of its assets

Bank preferred bidder for brokerage it sold after taxpayer bailout

Dublin-based fintech says it is still exploring a potential initial public offering

Yuan moves higher as investors wager a Joe Biden presidency will drive smoother Sino-US relations

Seen & Heard: Spanish credit card company Avantcard signs up six brokers to cherry pick the mortgage market

Signal from China’s central bank that it wants to ease monetary policy lifts stocks

Fenergo, Irish Distillers and An Post shortlisted after recording strong performances

Stockbrokers’ owner Fexco may have to sit tight and hope Covid-19 uncertainty wears off

This is the second time in 18 months that the sale of the Irish stockbroker to a Chinese group has collapsed

Irish fintech lifts Covid hiring freeze, and expects to have 1,000 employees by year-end

Firm was hired alongside international banks to sell €890m of bonds for Bank of China’s Hong Kong branch

Seen and Heard: Goodbody sale yet to complete, data centres and water usage, and €100m wind farm for Mayo

Deal is its first debt financing from China, a market that now represents 50% of JLR sales

European futures pointed to a weak start

The ‘cash is king’ mantra doesn’t apply in pandemic

Office of Government Procurement confirms it has ‘gratefully received’ the donation from the bank

Terms of deal unaffected by coronavirus crisis

Deal activity in the mid-market space expected to continue to be the cornerstone of the M&A market in Ireland

Chinese stock rise sharply as country vows to make targets

This was the first time since 2016 that the Irish stockbroker did not pay a cash bonus

Market slide comes as China’s central bank pours cash into system to show support

Case will continue against 28 business owners and intermediaries involved in transferring funds to China

Harcourt Centre blocks acquired by Avestus and Ares for €47m in September 2017