Latest news with #PaulSweeney
Irish Times
5 hours ago
- Business
- Irish Times
Privatisation of AIB
Sir, – The privatisation of AIB has been greeted in many quarters as a celebration. In fact, it should be regarded as history repeating itself as a potential tragedy. It is welcome AIB management admits its 'profound regrets the bank had to be rescued by the State' and admits that 'it owes a great debt of gratitude to the taxpayer' for the vast support given to the then largest indigenous private sector firm in Ireland. Diarmaid Ferriter reminds us that 'The Irish banking management culture was reprehensible in relation to customer charges, interest rates, facilitation of tax evasion and calamitous risk taking.' (' How can we stop corporate gombeen men running amok again? Credit unions could be the answer ,' June 20th). Banking is similar to a utility like water, the roads, electricity and gas lines. Banking is too important to hand back a dominant company to a small group of self-interested, self-supporting private individuals. READ MORE SMEs and individuals will suffer. History will repeat itself. – Yours, etc, PAUL SWEENEY, Milltown, Dublin 6.
Bloomberg
2 days ago
- Business
- Bloomberg
Bloomberg Intelligence: Trump Hints He'll Hold Off Iran Strike, Give Diplomacy Time
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Mike Regan Cliff Kupchan, Chairman at Eurasia Group, discusses the latest out of Mideast US President Donald Trump signals he will give diplomacy a chance before deciding whether to strike Iran, saying he will make his decision within the next two weeks. Liz Hart, President of Leasing for North America, joins to discuss the latest in the commercial real estate sector. Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist, discusses the latest Fed Meeting as well as Fed Reserve Governor Wallers recent comments. Federal Reserve Governor Christopher Waller said the central bank can lower interest rates as soon as next month.
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Fed and Middle East
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney June 18th, 2025 Featuring: 1) Jack Devine, founder at The Arkin Group, joins to discuss what US involvement in the Middle East conflict could look like and how US national security could weigh striking Iran. An overnight meeting between President Trump and his national security team has raised speculation that the US may join Israel's attacks against Iran. Trump has posted demands for Iran's "UNCONDITIONAL SURRENDER" and threatened a possible strike against the country's leader, while Iran has reiterated its intention to respond with force if the US gets involved. 2) Michael Darda, Chief Economist at Roth Capital Partners, joins for a look ahead to the Fed and talks about the outlook for inflation and markets. Socks and bonds posted small gains as investors waited for the Federal Reserve's monetary policy decision and new economic forecasts. The Fed's latest projections for growth, unemployment, and interest rates will be closely watched. 3) Win Thin, Global Head: Markets Strategy Brown Brothers Harriman & Co., reacts to jobless claims and looks ahead to the Fed and potential for more inflation in the US. Fed policymakers face heightened uncertainty as geopolitical tension add to the inflation and labor market risks that are tied to the Trump administration's tariff policies. 4) Leslie Palti-Guzman, founder at Energy Vista, talks about rapidly rising oil prices and if there will be any let up as Middle East fighting continues. Oil prices pulled back from a near five-month high, with Brent crude trading below $76 a barrel, as markets awaited news on US involvement in the Middle East conflict. Middle Eastern oil that loads outside the Persian Gulf and Malaysian crude are gaining popularity among Asian buyers due to the Israel-Iran conflict threatening the Strait of Hormuz. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including an NYT story on Dallas Cowboys cheerleaders getting a 400% pay raise and a WSJ story on private space stations racing to be the next popular travel destination.
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Intelligence: Trump Says He Wants a ‘Real End,' Between Israel and Iran
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Ethan Bronner, Bloomberg News Israel Bureau Chief, discusses the latest out of Mideast. President Trump said his early departure from the G7 meeting has "nothing to do" with working on a ceasefire between Israel and Iran, adding that his reason is "much bigger than that." Henrietta Treyz, Managing Partner and Director of Economic Policy at Veda Partners, joins to discuss the latest on the tax bill. Republican leaders aim to quickly negotiate changes to the Senate tax bill, which lacks the votes to pass in both chambers as written. Shelby McFaddin, Investment Analyst at Motley Fool Asset Management, discusses her outlook for the markets amid global tensions and economic data concerns. Stocks fell and bonds rose as traders prepared for the Federal Reserve's decision, driven by concerns about the Middle East and weak economic data.
Bloomberg
6 days ago
- Business
- Bloomberg
Bloomberg Intelligence: Oil Turns Lower With Iran-Israel Attacks
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Ellen Wald, President of Transversal Consulting, joins to discuss impact of Mideast conflict on commodities. Oil prices fell as the conflict in the Middle East has not disrupted crude production, and Iran has privately expressed willingness to deescalate hostilities with Israel. Phil Orlando, Chief Equity Market Strategist and Head of Client Portfolio Management at Federates Hermes, discusses his outlook for the markets. Global markets calmed down as fears of a wider conflict between Israel and Iran subsided, with stocks rising and oil and gold prices falling. Ned Lazarus, Associate Professor of International Affairs at George Washington University, discusses the latest out of the Mideast. Israel and Iran have exchanged fire for the fourth consecutive day, stoking fears of an all-out war that could drag in other countries in the oil-rich region and force the US into a more hands-on stance. Kate Duffy, Bloomberg News Aviation Reporter, joins to discuss the Paris Air Show and how Airbus has received orders from Saudi Arabian customers valued at up to $17 billion, including 77 freighter and passenger aircraft from AviLease and 50 A350-1000 widebody jets from Riyadh Air.
