Shares in insurance companies rallied at prospect that life insurers may be allowed to adopt capital requirements for existing policies over as long as seven years

Defence group is to supply Oslo with an upgraded version of its CV90 armoured vehicle in a rare contract success for ailing land division

Shell, Statoil and BP account for nearly $1bn of the total paid for drilling rights in a sign of the region's attractiveness for development

Russian billionaire Mikhail Fridman, former chief executive of the joint venture, plans to acquire half of the UK oil group's holding

Blackstone and BC Partners were the last remaining bidders in the race for the frozen foods maker and owner of the Birds Eye brand in Europe

The court ruling will block the Serious Fraud Office from seizing documents for a criminal trial in Italy over derivatives sold to Milan

The German lender launches second appeal and says that no binding contractual commitment was made to the former Dresdner Kleinwort bankers

Suit by Sheikh Meshal Jarah al-Sabah claims the Swiss bank failed to pay him $21.4m for helping secure a $10.7bn corporate deal

French food group reports a ‘swift deterioration' in consumption in Spain and other southern European countries that will hit profits in 2012

Swiss bank in talks with BofA to acquire international wealth management business, with about $90bn of assets, the US bank acquired in its merger with Merrill Lynch

A slump in Spain, Portugal and Greece will almost bring overall growth in the region's media market to a halt, with eurozone woes hitting marketing budgets

Chief executive admits the industry suffers from a credibility problem because of its opaque savings and investment offerings to consumers