With banks and property companies reluctant to refinance property borrowing, many bondholders will be forced to accept extended maturities

The price paid for the specialist maker of diabetes drugs is far from cheap but with obesity continuing to rise, the potential is significant

Plan follows February's deepwater find by Cobalt International which the Goldman Sachs-backed group estimates holds some 1.5bn barrels of crude

The chief's departure signals a shift in strategic direction for which investors should be happy but they should not expect instant solutions

The world's largest music company has told its workforce that French parent Vivendi still supports its £1.2bn move for record labels unit

Investors yet to be convinced of chief's plan to turn round the defence contractor following huge losses and ethics inquiries at its companies

Pan-European regulator begins inspecting the big three credit rating agencies to determine if the process is sufficiently rigorous and transparent

Officials hope to fix a deal by October on the eurozone bailout fund taking over some of Ireland's €64bn debt after an unexpected summit agreement

Row between Germany's carmakers and their French and Italian rivals centres on the critical formula for long-term CO2-cutting targets

Metal producer says volatile exchange rates and weak demand, which has led to a slump in prices, could cut first-half earnings by more than a fifth