Bundestag backs record borrowing package
Three-party alliance backs borrowing package of €500 billion for infrastructure projects and an effective blank cheque for defence and security spending
Fitch
Coulson quits Ardagh unit with riskiest bonds as restructuring looms
Bonds issued by ARD Finance are currently trading as low as 9.5 cent on the dollar
Valeo set for fresh fundraising, Fitch says
Irish food company which owns brands including Kelkin and Odlums is set to raise €30m in fresh equity investment in 2025, according to US-based ratings firm
Apple billions unlikely to lead to overheating of Irish economy, Fitch says
Ratings agency cites country’s ‘sound fiscal framework’
Fitch upgrades Ireland’s credit rating to highest since 2009
Ratings agency does not see next government making big change to spending levels
Fitch US debt downgrade greeted with Washington outrage and market calm
Ratings agency raised a red flag over ‘a steady deterioration in standards of governance over the last 20 years’
Global shares fall as investors digest downgrading of US credit rating
Fitch downgraded its US debt rating citing fiscal deterioration over the next three years
Investors shrug off Moody’s Irish upgrade amid rate hikes fears
Investors preoccupied by comments of ECB policymaker Robert Holzmann that the ECB should hike rates three times this year
Moody’s upgrades its credit rating on the Republic to A1
Ratings agency expects Government’s debt burden to keep declining
Denis O’Brien rails against PNG’s ‘bizarre’ $100m tax bill on Digicel
Cantillon: Move by Papua New Guinea could affect planned sale of telecom’s Pacific arm
Digicel revenue and earnings rise in final three months of 2021
Telecoms company’s net debt stood at $5.5 billion at the end of December
Aircraft leasing firms kick off insurance claims for planes stuck in Russia
Value of aircraft held by Russia estimated at €11.8bn
ESRI to warn of soaring prices as it scraps previous inflation forecasts
Seen and Heard: Dublin facing severe traffic disruption as power cables to be replaced
Some Russian creditors receive interest payments on keenly-watched bonds
Payment was first test of whether Moscow would meet obligations following sanctions
Russia’s $23bn of Irish-listed debt in focus as default warnings grow louder
Joe Brennan: Dublin has played its role in facilitating Putin’s government in accessing borrowing
Stocks reverse early gains as oil prices at highest level since 2008
Europe’s Stoxx 600 Index opens lower as mining and energy stocks advance
Irish-based Russian debt due for repayment rattled by Ukraine invasion
Value of $2bn of bonds issued by Irish entity of energy giant Rosneft slide nearly 3.5%
Irish ‘junk bond’ devotees get houses in order as market sours
Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently
Fitch upgrades Ireland to AA- on easing debt burden
Agency sees State’s debt burden on a ‘firm downward trajectory’
After its ‘near-death experience’, where does Unilever go from here?
Joe Brennan: Behemoth has been struggling to grow its sales at same pace as rivals
Evergrande shares suspended after report it was told to destroy buildings
Troubled Chinese property developer battling to restructure after debt default
Success, scandal and distraction: the business world’s winners and losers of 2021
In a sequel to 2020 no one wanted, some thrived, some slumped and some were unlucky
The A to Z of financial markets in 2021
Apple soared and Zoom slumped in a year that saw markets surge to record levels
Chinese property developers hit by record rating downgrades
Downgrades come as Evergrande collapse fuels fears over health of China’s economy
SoftBank sells $550m of WeWork debt
Low price on bonds that were part of 2019 rescue package underscores lacklustre investor reception
Evergrande rated ‘restricted default’ by Fitch after missed payment
Neither company nor government has confirmed that Evergrande has defaulted
China Evergrande on brink of first default on offshore notes
Some bondholders have not received overdue coupon payments after end of grace period
What the lira collapse means for Turkey’s economy
Analysts wonder how much further Erdogan will let the currency fall
China’s property woes may spell trouble for London and NY
Developers behind prestige mega-projects in global cities scrambling for cash
Digicel’s ‘aggressive’ past limits debt ratings uplift, Fitch says
Company sells Pacific unit for €1.6bn
Evergrande crisis leaves Chinese developers shut out of global debt markets
Just one dollar bond sold since heavily indebted company’s missed payment shook markets
European stocks slump over supply-chain concerns
Irish index bucks trend and ends week in positive territory
Evergrande sells bank stake to repay loan
Bondholders left guessing over interest coupon due despite divestment deal
Evergrande’s EV unit scraps plans for share listing amid ‘serious’ fund shortage
Shares in China Evergrande New Energy Vehicle Group plunges 26%
Evergrande may not be China’s Lehman, but are markets being too complacent?
Market Beat: A messy massive default in a key sector in the world’s second largest economy could have major consequences
Evergrande crisis: why the Chinese property developer faces risk of default
Company desperately needs cash not just to service, but also reduce, vast debts
Fitch upgrades Digicel units but warns of risks
New grade remains deep in so-called junk-status territory, 15 rungs below AAA rating
Bermuda digs in against global corporate tax deal
‘It’s a sovereignty issue,’ says Bermuda finance minister Curtis Dickinson
SMBC Aviation raises €412m through bond issue
Dublin-based aircraft lessor has closed the sale of $500m in seven-year unsecured bonds
Myanmar protesters defy military as regional nations prepare for talks
Six killed during weekend protests demanding restoration of Suu Kyi government
Banks to see rise in non-performing loans but profitability to stabilise
Moody’s maintains its outlook on the Irish banking system in new update
Irish banks’ non-performing loans expected to increase due to pandemic
Deterioration will be ‘much less severe’ than financial crisis, says ratings agency Fitch
Smurfit’s refusal to be boxed in by rivals pays off for investors
With its share price at an all-time high, Smurfit Kappa chief Tony Smurfit has been vindicated in his decision to reject a rival offer three years ago
Deutsche Bank to conduct internal investigation over risky investments
Products were sold to clients who didn’t understand them, according to complaints
Banks brace themselves for impact of Covid pandemic
In store for 2021: Bad loans, major job cuts and the never-ending tracker saga
‘Age of Disorder’ approaches and it is bad news for Ireland
Market Beat: Landmark forecast of reversal of globalisation points to post-Covid flux
European stocks fluctuate as investors await outcome of ECB meeting
Bank could signal more stimulus given weak inflation and a firm euro
‘It’s a matter of fairness’: squeezing more tax from multinationals
Governments will need to start thinking about who will pay for their ballooning deficits
Is President Higgins right to downgrade the rating agencies?
He has taken issue with the downgrading of ‘wonderful country’ Costa Rica’s rating
Digicel denies talk of Pacific unit sale to China Mobile
Denis O’Brien mobile group in midst of debt restructuring plan
European stocks rise as banks and oil stocks lead gains
Renewed hopes for Covid-19 treatment boosts investor sentiment
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