S&P said 2016 was likely the last year of material loan book deleveraging with growth expected to turn positive by 2018.

Economic risks have decreased for Irish banks despite a large stock of non-performing loans and the still-high level of mortgage arrears, according t(...)

South African President Jacob Zuma: facing a growing challenge from within his own party. Photograph: Phill Magakoe/Getty Images

Unprecedented opposition to South African president Jacob Zuma’s continued rule has emerged since the African National Congress leader sacked his fin(...)

S&P  predicted Irish property prices would rise by a further 2.5 per cent in 2017 and by 3 per cent the following year

Irish residential property prices are expected to rise by 6 per cent this year, according to a new Standard and Poor’s (S&P) forecast which sugges(...)

A vote leave supporter holds a Union flag, following the result of the EU referendum, outside Downing Street in London

Britain’s top-notch “AAA” credit rating is no longer tenable after voters opted to leave the European Union, Standard & Poor’s said. “We think th(...)

S&P expects euro zone growth to rise to 1.4 per cent next year

Rating agency Standard and Poor’s cut its forecasts for euro zone economic growth and inflation on Wednesday, blaming the “nosedive” in financial cond(...)

Labour figures including Tánaiste Eamon Gilmore argue that a package of the recommended scale is unnecessary. Photograph: Bryan O’Brien

Credit rating agency Standard and Poor’s has intervened in the budget debate, saying any “significant departure” from the €3.1 billion in committed sa(...)

The morning rush hour on the M1 motorway near the Dublin Port Tunnel.

The economy is back in recession, the banks are broken and may well require more capital from taxpayers, one in seven people in the workforce is witho(...)

Ratings agency Standard and Poor’s has kept Ireland’s BBB+ grade unchanged and raised the outlook to positive from stable.

Standard and Poor’s has raised its outlook on Ireland’s sovereign rating, saying the Government may exceed its targets for debt reduction as the econo(...)