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Even before the Government set about borrowing billions to cover an unforeseen €30 billion budget deficit brought on by Covid-19 spending, gross debt stood at 233 per cent of annual revenues. Photograph: iStock

Deutsche Bank investment strategist Jim Reid likes to ease clients into the day by peppering his early daily market musings with updates on his wife, (...)

Christine Lagarde, President of the European Central Bank.  Governors of the ECB are expected  to prepare the ground for new stimulus, armed with a new set of forecasts on the bloc’s sluggish recovery and with the coronavirus pandemic resurging. Photograph: Daniel Roland/AFP via Getty Images

European stocks fluctuated as investors waited for the outcome of the European Central Bank meeting that could signal more stimulus given weak inflati(...)

The Savoy Hotel in London – just one of many high-profile international businesses that have become masters at minimising tax. Photograph: iStock

The Savoy Hotel has been welcoming its well-heeled and connected clientele for 131 years. But for all the Art Deco design and the sublime personal ser(...)

President Michael D Higgins. Photograph: Iain White/Fennell Photography

President Michael D Higgins gave a bit of a kicking to rating agencies on Wednesday during a question-and-answer session in the wake of a lengthy onli(...)

Digicel is in the middle of a plan to wipe away as much as one-quarter of its $7 billion debt. Photograph: iStock

Denis O’Brien’s Digicel mobile group, which is in the middle of a debt restructuring, has denied reports that it is in talks to sell its Pacific unit (...)

Bank of Ireland added almost 10 per cent to finish at €1.96.

European stocks rose on Wednesday, as positive developments regarding a potential Covid-19 treatment lent further support to a rally in banks and oil (...)

The ‘Fearless Girl’ statue outside the New York Stock Exchange: Wall Street equities rose on Wednesday. Photograph: Johannes Eisele / AFP.

US stocks jumped to seven-week highs on Wednesday after Gilead Sciences gave an encouraging update on a potential Covid-19 treatment, while upbeat ear(...)

Digicel’s restructuring plan is aimed at wiping $1.7 billion of debt  in a process judged by Fitch to amount to a “distressed debt exchange”. Photograph: Ken Cedeno/Corbis via Getty Images

Businessman Denis O’Brien’s Digicel has revealed that more than 75 per cent of creditors holding almost $5.1 billion (€4.7 billion) of the group’s deb(...)

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 (...)

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