Business News

Regulators’ ‘worst case’ scenario by factors in house prices here falling by 5.1pc HIGH stocks of bad loans and a relatively pessimistic ECB view of Irish growth prospects will weigh on AIB and Bank of Ireland in the EU’s latest bank stress test results today. However, both banks go into the current process in better […]

The US Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan. Under fast-track rules, the United States cannot start talks with the EU, Japan and the UK until 90 days after notifying Congress. “We will continue to expand US trade and investment […]

Kerry-based fintech company Fexco has acquired London’s leading retail foreign exchange company Thomas Exchange Global (TEG). It is understood that the acquisition is valued at around £10m (€11.2m). TEG has over one million customers across its 15 branches in London. The deal, the company’s eight acquisition in the UK since 2012, means that Fexco now […]

Kerry-based fintech company Fexco has acquired London’s leading retail foreign exchange company Thomas Exchange Global (TEG). It is understood that the acquisition is valued at around £10m (€11.2m). TEG has over one million customers across its 15 branches in London. The deal, the company’s eight acquisition in the UK since 2012, means that Fexco now […]

Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny. The biggest virtual currency fell as much as 5.1pc to $5,832.68 (€5,000) yesterday, piercing the previous low of the year of $5,920.72 (€5,074) that was set […]

GAN, the gaming software company headed up by Dermot Smurfit Jr, has raised £7.5m (€8.6m) as it continues its expansion in the US. The funds have been raised on the back of a US Supreme Court ruling which last week struck down a federal law that has severely restricting sports betting there since 1992. The […]

Europe will face a gas shortage and price spike as soon as the next decade if it doesn’t decide quickly to boost imports from Russia as gas purchases from the US or Qatar fail to match demand, Kremlin energy giant Gazprom told Reuters. US President Donald Trump’s administration has said it intends to level the […]

A major shipping company is under attack. With help from a corrupt executive, an international hacking syndicate called Scorpius, has penetrated the computer networks of Fast Freight Ltd. The hackers have taken control of servers and compromised the systems that control Fast Freight’s vessels and its portside machinery. The company’s cybersecurity consultants have 48 hours […]