Fitch

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Fitch said Ulster Bank’s viability rating is “constrained by weak profitability resulting from legacy issues and slow new business growth and high levels of impaired loans”.  Photograph: Nick Bradshaw

Ratings agency Fitch has downgraded its outlook on Ulster Bank Ireland to negative from stable, following on from its revision of the outlook on the b(...)

Fitch’s downside scenario for the euro zone is a sharp economic contraction this year, with a drop in GDP “also highly likely” in Ireland, before recovering in 2021.

Fitch, a leading credit ratings agency, has lowered its outlook for creditworthiness of AIB and Bank of Ireland to negative amid fears that temporary (...)

A trader working on the floor of the New York Stock Exchange. Photograph: Johannes Eisele/AFP via Getty Images

European stocks closed higher on Monday after last-minute gains, with buying focused largely on defensive sectors amid plummeting oil prices and conti(...)

Insurers are throwing out claims for business interruption because Covid-19 was not specifically listed among the diseases covered or because the infection did not happen on the policyholder’s premises. Photograph Nick Bradshaw

Insurance companies are rejecting claims for earnings lost due to coronavirus, even from businesses that paid extra for infectious disease cover, writ(...)

US stock indexes fell sharply on Thursday as the swift spread of the coronavirus in the United States led California to declare an emergency. Photograph: AFP via Getty

Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to (...)

Customers shop at a Digicel store for mobile phones in Savusavu, Fiji

Businessman Denis O’Brien’s Digicel telecoms group is in talks to form a network-sharing partnership with a rival in one of its markets in order to re(...)

Customers shop at a Digicel store  in Fiji. The group’s net debt currently stands at about $6.8 billion. Photograph: iStock

Denis O’Brien’s Digicel telecoms group saw its earnings rise in the three months to the end of December, providing some comfort to the group’s debt in(...)

The food giant, created in a merger orchestrated by Warren Buffett and the private equity firm 3G Capital, is in the midst of a turnaround as its brands fall out of favour. Photograph: Houston Cofield/Bloomberg

Kraft Heinz, the iconic food giant created in a merger five years ago, was downgraded to junk by Fitch Ratings, raising fresh worries among investors (...)

Avolon chief executive Dómhnal Slattery pictured at the company’s headquarters with An Taoiseach Leo Varadkar. Photograph: Robbie Reynolds

Aircraft lessor Avolon increased its net profit marginally to a record $718 million (€658 million) last year as its lease revenue exceeded $2.61 billi(...)

Downturn in the market may be caused by retail investors taking money off the table after making large gains in recent years. Photograph: iStock

Aviva’s decision to prevent investors from withdrawing money in commercial property funds is not the “canary in the coalmine” signalling the turning o(...)

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