News

Jul 30
AbbVie reports an increase in second-quarter revenue, led by sales of Humira

Shares of AbbVie Inc. ABBV, -4.17% were down 1.3% in premarket trading on Friday though the company met earnings and revenue expectations for the second quarter of the year. AbbVie had earnings of $924 million, or 51 cents per share, in the second quarter of this year, compared with $766 million, or 42 cents per […]

Jul 30
Chips bill provides for blockchain specialist position in White House science office

The $280 billion bill, which aids the semiconductor industry, also incorporated Representative Darren Soto’s bill to create a position to advise the president on blockchain. 924 Total views 30 Total shares The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which […]

Jul 30
S&P Global downgrades Weber rating further into junk territory after profit warning and says it may downgrade again

S&P Global Ratings downgraded Weber Inc.’s WEBR, -2.75% credit ratings further into high-yield, or junk territory, on Friday, and placed them on CreditWatch negative, meaning they could downgrade them again in the medium term. The rating agency cut the grill maker’s issuer credit rating to CCC+ from B. The move came after Weber warned that […]

Jul 30
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]

Jul 30
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 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 […]

Jul 30
Fiscal policy and planning for resilience

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 […]