Fitch

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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 (...)

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 (...)

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