Opening Bell: Boomerang kids limit downsizing, Trump changes China stance, offshore banking

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A new report shows that adult children are staying longer in the family home.

According to property consultants, Savills Ireland, one-quarter of married couples in Ireland are now living with adult children over the age of 20.

Trading-down has fallen from 13.4% of housing sales in 2014 to 5.3% last year as fewer 'empty nesters' look to downsize.

Rising property prices also making sellers reluctant to move to a smaller home.


Donald Trump has said he will not label China a "currency manipulator," as he had promised to do during his campaign.

In an interview with The Wall Street Times, he said that he no longer believes that China is manipulating foreign exchange markets.

He also said he believes that the US dollar is getting too strong, partially that's my fault because people have confidence in me," he added.

The US president continued to say that it is "very, very hard to compete when you have a strong dollar and other countries are devaluing their currency."

He also signalled his support for the Federal Reserve's low interest rate policy - which has was also highly critical of on the campaign trail.


The Central Bank has issued a report which is critical of a number of international lenders operating in the Irish market who have failed to meet their regulatory obligations.

Fiona MacMahon, Head of Banking Supervision, said, "The regulatory reporting requirements for banks expanded in response to the financial crisis as it is essential that bank regulators have timely and accurate information in order to evaluate capital adequacy, large exposures and liquidity in firms. 

"A number of the findings in this inspection are not acceptable and have resulted in regulatory breaches in certain instances. We will continue to use our supervisory and inspection resources to ensure that the issues identified are comprehensively remediated."


The Labour Court is expected to issue a recommendation aimed at resolving the ongoing Bus Éireann strike by lunchtime today.

However, unions say pickets will remain in place until the recommendation is delivered. 

Bus Éireann has indicated that it will be Friday before services can be restored to commuters - who have now experienced three weeks of disruption.