(Reuters) – China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday’s surprise cut in rates, the first in more than two years, reflects a change Read more about China ready to cut rates again on fears of deflation[…]
Ireland has the most efficient corporate tax system in Europe with the least red tape, according to a study from PwC and the World Bank. The report found that the effective corporate tax rate in Ireland – the amount of tax paid as a percentage of profits – was 12.4 per cent, close to the Read more about Irish corporate tax system most efficient in Europe, study says[…]
Thu, Sep 11, 2014, 01:00 by Ciarán Hancock Almunia says focus in Ireland must turn to building competition in banking The European Central Bank. Photograph: Boris Roessler/EPA In total, 127 banks across Europe are being tested. In Ireland, the costs will be met by AIB, Bank of Ireland, Ulster Bank, Permanent TSB, KBC Bank Read more about Eight banks to pay €17.6m in Irish stress-test costs (11/09/2014)[…]
Nicole Blackmore, Irish Independent. Customers will be given a portable device that can read and verify the unique vein patterns in their finger in an attempt to combat identity fraud. The Barclays Biometric Reader will initially be available to Barclays Corporate Banking clients from 2015. Barclays said the technology is recognised as one of the Read more about Barclays Bank to introduce finger scans instead of PINs ( 06/09/2014)[…]