Day: August 23, 2022
The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]
The Financial Conduct Authority (FCA) is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join. Earlier this year the FCA Board decided to establish a brand new ESG Advisory Committee to help execute its ESG-related […]
AMC Entertainment Holdings Inc.’s AMC, -4.45% AMC Preferred Equity Units APE, +10.38% made their trading debut Monday, ending a volatile session down 13.7%, outpacing the S&P 500 Index’s SPX, +0.03% decline of 2.1%. AMC’s stock ended Monday’s session down 5.5%. Following the APEs’ debut, analyst firm Wedbush cut its AMC price target. “On August 22, […]
Los Angeles-based cannabis company MedMen Enterprises Inc. MMNFF, +7.46% MMEN, +7.14% said late Monday it’s currently exploring strategic alternatives for its New York business. The company owns a cultivation facility in New York and four dispensaries under the state’s existing medical cannabis program. “We are focused on maximizing our existing footprint, including our operations in […]
Two Cathie Wood funds, including her flagship ARK Innovation ETF ARKK, -0.34%, sold stock in Signify Health SGFY, -1.39% after the 32% surge on the back of a report it’s the target of a bidding war between Amazon AMZN, +0.30%, CVS Health CVS, -1.07% and UnitedHealth UNH, -1.65%. The ARK Innovation fund sold $31 million […]
Medtronic Plc MDT, -3.92% said Tuesday its first-quarter net income increased by 22% to $929 million, or 70 cents a share, from $769 million, or 56 cents a share, in the year-ago quarter. Adjusted profit totaled $1.13 a share. Revenue dropped to $7.37 billion from $7.99 billion partly on foreign-exchange losses. The medical products company […]
Macy’s Inc. M, +7.14% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a difficult spending environment and high levels of inventory. The department store chain posted net income of $275 million, or 99 cents a share, in the […]
Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent. 583 Total views 8 Total shares In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies. On Saturday […]
