561 jobs saved through SCARP so far - Azets Ireland Fifty companies have gone through the Small Company Administrative Rescue Process since it launched two years ago, according to analysis by Azets Ireland. Business • 4 hrs
30% of SMEs had to write off bad debts in past year Almost 30% of SMEs in Ireland had to write off bad debts in the past twelve months, new data shows. Business • 13 Nov
Campaign aims to get struggling borrowers to seek help Borrowers who are struggling to make repayments on mortgages, credit cards, personal and other loans due to the cost of living are being encouraged to … Business • 06 Jun
White House bets Republicans will blink under pressure The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes enough of them will eventually back off … Business • 20 Jan
Number of corporate insolvencies up over a third The number of corporate insolvencies forecasted for the first nine months of the year is up over a third on the same period of last … Business • 23 Sep 22
Beyond inflation: The day-to-day cost of having less The less well-off have borne the brunt of rising prices, but the financial disadvantages facing those who have less are already baked in to our … Business • 27 Aug 22
Debt toll: Caution urged over Buy Now, Pay Later apps The 'Buy Now, Pay Later' market is booming, with big names like Apple and Revolut entering the fray; but experts are warning consumers to be … Business • 09 Jul 22
Yield on Irish 10-year Govt debt breaches 1% mark Ireland's 10-year Government bond yield rate has risen above 1% for the first time since January 2019. Business • 14 Mar 22
Household savings fall in Q3 but net wealth increases New figures from the Central Bank show that household savings declined for the second quarter in a row during the third quarter of 2021, but … Business • 10 Feb 22
Hibernia REIT raises €125m in debt from 5 new investors Real estate investment trust Hibernia REIT has raised €125m in debt from five new US investors. Business • 21 May 21
ESRB warns of threat of more euro zone insolvencies The European Systemic Risk Board (ESRB) has warned that "the threat of a wave of insolvencies looms large" unless EU member states shift from loan … Business • 28 Apr 21
Need for deficit reduction focus post-Covid - Donohoe The Minister for Finance has warned that it is dangerous for a small economy that cannot print its own currency to think that "deficits don't … Business • 04 Mar 21
Digicel close to completing $1.6bn debt reduction plan Digicel, the Caribbean, Central American and Asia Pacific based telecoms group founded by businessman Denis O'Brien, will complete its debt reduction process next week. Business • 18 Jun 20
Digicel in talks about possible debt write-downs Digicel, the telecoms group controlled by businessman Denis O'Brien, has said it is in talks with some debtholders about possible debt write-downs. Business • 27 Mar 20
Fitch reaffirms Ireland's rating but warns of risks Ratings agency Fitch has left Ireland's credit rating unchanged at A+ following its latest review, but warns of a range of possible risks to the … Business • 29 Feb 20
S&P upgrade likely to assist Ireland's borrowing needs A decision by the ratings agency Standard & Poor's to increase Ireland's long-term sovereign credit rating has been welcomed by the Government and the agency … Business • 30 Nov 19
Households' worth rises despite dip in property values Household's net worth reached a record high in March, according to the Central Bank, while debt levels fell to a near 14-year low. Business • 15 Aug 19
NTMA auctions off €500 million of Treasury Bills The National Treasury Management Agency (NTMA) has sold a new tranche of Irish Treasury Bills, worth €500 million, by auction. Business • 14 Mar 19
Digicel agrees new deal with its bond holders Telecommunications group Digicel has agreed a deal with its bond holders that will see $1.9 billion of debt mature two years later than previously planned. Business • 19 Dec 18
Making your credit card work for you Credit cards can have a bad reputation as a symbol of financial irresponsibility, but they can be an asset if used correctly. Business • 07 Aug 18
Flirting with default, Venezuela vows debt payment Venezuela's cash-strapped government has vowed it was making debt payments responsibly, despite two ratings agencies declaring partial default on a crippling debt load that has … Business • 15 Nov 17
PAC told there is 'nothing in rainy day fund yet' Officials at the Department of Finance have said there is currently no money in the "rainy day fund," the establishment of which was announced in … Ireland • 06 Jul 17
Tullow pays down debt, raises profit in H1 Exploration company Tullow Oil reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade. Business • 28 Jun 17
Households continue to be net funders of banking Irish households continued to be net funders of the banking system here for the seventh consecutive month in November, new figures from the Central Bank … Business • 30 Dec 16
Monte dei Paschi to issue €15bn of debt in 2017 Italy's Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to issue €15 billion of debt next year to … Business • 30 Dec 16
