Agency lowers the company's long-term credit rating and warns of a further cut depending on the financing of the deal with OHL in Brazil and Chile

The US state of Virginia is taking “very seriously” a plan that would privatise control of some of the country's most important port facilities

Spain's Treasury plans to auction sovereign bonds this week, even though analysts say the country may soon need an international bailout

US food group Sara Lee is to spin off coffee company which is expected to have a market capitalisation of €4bn-€6bn and will begin trading on July 9

Strong companies look to take advantage of depressed stock markets and pounce on vulnerable targets, pushing deals to highest level since 2008

Hanergy agrees deal with insolvent German solar-panel maker to acquire Solibro, giving it a key technological foothold in specialist thin-film market

LED developer is one of the brightest prospects in Ireland's buoyant technology sector

Changes aim to focus on China sales and improve integration of the group's truck divisions in push to become world's biggest carmaker by 2018

Central banks in emerging markets have been dumping euros – which lost nearly 7% against the US dollar in May – to shore up their own currencies

European parliament refuses to enter talks to finalise growth-friendly initiative because of objections to states backing softer companies' disclosure rules