Archive for August 2024
Services growth moderates slightly, outlook brightens, PMI show
Service sector growth moderated slightly for the second successive month in July, but a pick up in new business, the year-ahead outlook and jobs growth pointed to positive signs for firms, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 53.6 from 54.2 in June, slightly below the trend so…
Read MoreEffective Strategies for Managing International Currency Risks
In today’s global economy, businesses of all sizes are increasingly engaging in international trade. While this opens up numerous opportunities, it also exposes businesses to currency risks. Fluctuations in exchange rates can significantly impact profits, costs, and overall financial stability. For businesses involved in international transactions, managing these currency risks is crucial. In this article…
Read MoreFed holds rates steady, nods to possible September cut
The Federal Reserve held interest rates steady this evening but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line with its 2% target. “There has been some further progress toward the Committee’s 2% objective,” the central bank’s Federal Open Market Committee said in…
Read MoreParent’s Leave and Parent’s Benefit extended from today
From today, Parent’s Leave and Parent’s Benefit will be extended from seven weeks to nine weeks. The measures were announced as part of Budget 2024. Parents will be able to claim the additional two weeks’ leave if their child is under the age of two, or if an adopted child has been placed with a…
Read MoreActivity in manufacturing sector improves slightly
Activity in the manufacturing sector improved slightly in July, according to new data. The latest AIB Manufacturing PMI shows that the marginal improvement in the sector was driven by a renewed rise in output and accelerating jobs growth. Meanwhile, the contraction in new orders eased on the previous month. The headline index increased from 47.4…
Read MoreFinancial Planning for Sustainable Growth: A Guide for SMEs
In the dynamic world of small and medium-sized enterprises (SMEs), achieving sustainable growth is a crucial objective. However, this goal is often challenged by the volatility of markets, economic fluctuations, and the intricacies of financial management. Effective financial planning can provide SMEs with the strategic framework necessary to navigate these challenges and ensure long-term success.…
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