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Pension black hole surges by €2bn at top companies

The combined pension deficits at the State's largest private and public companies have surged by €2bn. AIB and Bank of Ireland had the highest deficits at around €1bn each, according to the research by pension consultants LCP Ireland. Falling bond yields last year had a dramatic impact on corporate balance sheets. This was despite the positive investment performance of global equity...

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Media hysteria about stock market corrections misplaced

Fear sells newspapers but investors should not pay attention to the apocalyptic headlines Source: Irish Times 08/09/2015 Large sections of the media tend to get a little hysterical during stock market corrections, adopting a “pack up the kids” tone that aims to scare the bejaysus out of its readers. The latest bout of market turbulence, alas, has been no different, producing headlines such...

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Ireland Vs UK Tax Take is Startling!

Ireland Vs UK Tax Take is Startling! Source: Dublin Chamber of Commerce According to recent research published by the Dublin Chamber of Commerce, Ireland has a far more penalising tax regime for business owners and employees than in the UK. More and more firms are seeking to relocate away from Ireland into Britain and it is getting more and more difficult for Irish based firms to attract...

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The IMF’s memo on Greece. It’s horrific.

Article taken from Business Insider 15/07/2015 Germany and the EU "won" their arguments with Greece, and the country accepted another bailout deal as the cost of staying in the eurozone. Neither the country nor the people wanted the bailout to come with another painful austerity package, but it has. But it is not until you actually read the IMF's July 14 memo on the current state of...

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Time runs out for Greece

Greece faces last chance to stay in euro as cash runs out Article taken from Reuters 07/07/2015 Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade skeptical creditors to reopen aid talks before his country's banks run out of money. With Greek lenders down to their last few days of cash and the...

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