Inditex shrugs off European woes Inditex shrugs off European woesThe Galician owner of the Zara clothing chain increases net profits 30% in the first quarter, a period in which it opened 91 new stores
ING to pay $619m to settle sanctions case ING to pay $619m to settle sanctions caseThe US alleged the bank violated US sanctions by helping Iranian and Cuban companies move billions of dollars through the US financial system
Brazil mobile groups pay $1.3bn in auction Brazil mobile groups pay $1.3bn in auctionThe spectrum will be used for high-speed fourth-generation networks as Latin America's biggest economy prepares for major sporting events in the next four years
Italian insurers near four-way merger Italian insurers near four-way mergerApproval of capital increase by Fondiaria-Sai's controlling shareholder will lead to tie-up of the country's biggest insurers
Investor quits Sulake after sex claim Investor quits Sulake after sex claimBalderton has dumped its 13.5% stake in the Finnish group after allegations that one of its sites was playing host to sexually explicit content
Jain seeks to boost his German profile Jain seeks to boost his German profileDeutsche Bank's co-chief executive addresses politicians and business leaders in Berlin in a show of commitment to the bank's domestic market
GSK to buy eczema drug from Swiss group GSK to buy eczema drug from Swiss groupThe UK group is to pay at least £146m for Toctino, an oral medication developed by Basilea, as it seeks to diversify its dermatology division
BlackRock plans property fund launch BlackRock plans property fund launchThe company plans to make direct loans to European commercial property developers, taking advantage of a slowdown in lending by European banks
Germans put their wealth into property Germans put their wealth into propertyPrices for waterfront homes in Hamburg, the Bavarian Alps and other beach resorts have risen up to 60 per cent in the past three years
Spirited Asian showing by Rémy Spirited Asian showing by RémyThe French spirits group is to pay a special dividend after robust sales of its premium cognac in the region increased full-year net profits by 57%
BMW to build hybrid car engine in UK BMW to build hybrid car engine in UKThe German group is the latest carmaker to expand in the UK and will make the high-tech engine for its i8 hybrid car at its plant near Birmingham
Pope's ex-banker ‘fears for his life' Pope's ex-banker ‘fears for his life'Ettore Gotti Tedeschi is depicted as an ‘erratic' manager, pathologically disturbed, or the victim of an internal power struggle