Council said Budget 2016 met fiscal rules, but five-year projections were not realistic

    Govt's 5-year fiscal projections 'not realistic'

    11.09 The Fiscal Advisory Council has criticised the Government for increasing spending in this year's budget, saying it was "a deviation from prudent economic and budget management".

    The loans will be split into two groups of €3 billion each and will be sold at a discount

    NAMA selling two loan portfolios worth €6bn

    11.55 The National Asset Management Agency is planning to sell two portfolios of property loans with a face value of €6 billion as it winds down its stock of risky commercial real estate debt.

    New CSO figures show that average weekly earnings increased in 11 of the 13 sectors in the third quarter

    Average earnings rise by 2.7% in third quarter

    11.30 New figures from the Central Statistics Office show that average weekly earnings rose by 2.7% to €688.80 from €670.53 in the third quarter of the year compared to the same time last year.

    VW Korea has been fined $12.31m, the biggest penalty imposed on a car maker in Asia's fourth-biggest economy

    South Korea fines Volkswagen, orders recall

    08.47 South Korea today became the first country outside the US to punish Volkswagen on the basis of its own emissions tests, slapping the German automaker with a record fine.

    Oil prices fall today after six days of gains in a row

    Oil prices ease on glut, production outlook

    12.17 Oil prices fell today, after six days of gains, as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut.

    Morning business news with Conor Brophy

    Morning business news - November 26

    11.08 Katie Molony, managing director of Maximum Media, says the company had a really successful year in 2015 and is now looking to expand the business across all of its departments.

    A look at some of today's business stories in the newspapers

    Today in the press

    09.39 Profits at estate agent Sherry FitzGerald bounced back spectacularly in 2014 following a strong recovery in the Irish residential and commercial markets.

    Eir CEO Richard Moat reports 'solid' third quarter performance

    Eir's third quarter earnings rise by 6%

    25 Nov Telecoms group Eir has said its earnings - before accounting for interest on its debt, depreciation of its assets and tax - rose by 6% to €120m for the three months to the end of September.