Day: July 17, 2022

Jul 17
Recurrent property taxes may help to reduce house price volatility

Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]

Jul 17
Central Bank highlights weaknesses in Virtual Asset Service Providers’ AML/CFT Frameworks

Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]

Jul 17
Central Bank of Ireland welcomes publication of the International Monetary Fund’s assessment of Ireland’s financial sector

The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]

Jul 17
Labour market recovery after the pandemic – Central Bank report

Q4 2021 saw 2.5 million people in employment, the highest on record. Strong employment was supported by the domestic labour force, with migration playing a smaller role Two groups drove this labour force expansion; under 25s and women over 35.  Evidence that there are longer running trends that have encouraged women to remain part of […]

Jul 17
Central Bank of Ireland hosts inaugural meeting of the Climate Forum and publishes Sustainable Investment Charter

Climate Forum will meet twice yearly and brings together climate change experts, industry representative bodies, regulated firms, and Central Bank representatives. Central Bank also publishes its first Sustainable Investment Charter. Charter provides a guide to apply sustainable investment principles to the Central Bank’s investment assets. The Central Bank of Ireland has hosted the inaugural meeting […]

Jul 17
What is Bitcoin whale watching and how to track Bitcoin whales?

There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges. 1149 Total views 29 Total shares Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate […]

Jul 17
Vertical Aerospace says American Air has confirmed delivery slots for first 50 VX4 zero-emissions aircraft

Published: July 15, 2022 at 6:13 a.m. ET Shares of Vertical Aerospace Ltd. , a company specializing in zero-emissions aviation, said Friday that American Airlines has confirmed delivery slots for the first 50 VX4 aircraft of an initial pre-order of up to 250 aircraft, with an option for up to 100 more. “The commitment to […]

Jul 17
Wells Fargo revenue falls short, shares drop

Published: July 15, 2022 at 7:03 a.m. ET Wells Fargo & Co. shares fell 3.5% in premarket trades Friday after it said its second-quarter net income declined to $3.12 billion, or 74 cents a share, from $6.04 billion, or $1.38 a share in the year-ago quarter. Excluding an impairment of 8 cents a share for […]

Jul 17
Harsco shares slide 5% premarket after company issues profit warning due to ‘unprecedented’ inflation

Harsco Corp. stock HSC, -15.34% fell 5% in premarket trade Friday, after the environmental and waste management company issued a profit warning for the second quarter and full-year amid ‘unprecedented inflation.’ The Camp Hill, Pa.-based company is expecting a second-quarter operating loss from continuing operations of $95 million to $97 million, including a non-cash goodwill […]

Jul 17
Boeing stock gains as ‘slow drip internal water torture’ is nearing an end, analyst says

Published: July 15, 2022 at 7:49 a.m. ET Shares of Boeing Co. rose 0.9% toward a two-month high in premarket trading Friday, after Benchmark analyst Josh Sullivan cut his price target on the aerospace and defense giant but said the “slow drip internal water torture” investors have endured for years is nearing an end. Sullivan […]