Latest Market News

Jul 20
Fraud alert – Beware of rental scams

The Financial and Consumer Services Commission (FCNB) is advising New Brunswickers – and particularly university students — to use caution when responding to online advertisements for housing rentals. Fraudsters are advertising properties they do not own for rent, often on online platforms, using information and photos from legitimate real estate listings. Posing as landlords, they […]

Jul 20
What are crypto faucets and how do they work?

On blockchains like the Ethereum Mainnet, fees represented in the blockchain’s cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and […]

Jul 20
EIA reports a weekly decline in U.S. crude supplies

The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 400,000 barrels for the week ended July 15. On average, analysts expected a decline of 200,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a 1.9 million-barrel increase, according to sources. The […]

Jul 20
Higher real income growth, reduced spending and precautionary savings contributed to significant increase in Irish household deposits during the pandemic

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 […]

Jul 20
Challenges and opportunities for a financial services ecosystem in transition – Makhlouf

Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]

Jul 20
Remarks by Governor Gabriel Makhlouf at Consulate General of Ireland and IHK Frankfurt event

It is a pleasure to address you today. I would particularly like to thank our Consul General Anne-Marie Flynn for organising this event.1 German – Irish economic relationship Ireland and Germany have excellent relations, politically, culturally and economically. These relations have been documented as far back as the 7th century.   When reading about the relationship, […]