A pedestrian on Wall Street. For  bankers, scuttled deals cost money.  Photograph: Bloomberg

If 2015 was a dream year for Wall Street’s top dealmakers, 2016 is starting to take a nightmarish turn. Some of the mega transactions that had champa(...)

Petroceltic chief executive Brian O’Cathain. Petroceltic, has urged shareholders not to take any action

Worldview Capital, the dissident shareholder of Petroceltic International that says it will bid £6.4 million (€8.1 million) for the troubled explorati(...)

Japan’s Nikkei 225 lost 0.9 per cent and Australia’s commodity-rich S&P/ASX 200 shed 2.1 per cent. Hong Kong’s Hang Seng fell 1.2 per cent though, on the mainland, China’s Shanghai Composite was an outlier with an advance of 0.9 per cent as infrastructure shares firmed on hopes for more investment by Beijing.

European stocks are retreating following a soft Asian session as markets remain in thrall to oil prices. The price of Brent crude, the international (...)

The benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped 7.16 percent, or 1,069.97 points, to 16,022.58, clawing back from a loss of more than 11 per cent last week. (Photograph: /Toru YAMANAKATORU YAMANAKA/AFP/Getty Images)

Asian shares snapped a five-session losing streak on Monday as China’s central bank fixed the yuan sharply stronger, easing fears of depreciation for(...)

Malaysia’s attorney-general cleared prime minister Najib Razak of any criminal offences or corruption on Tuesday, closing investigations into a murky multi-million-dollar funding scandal that his opponents had hoped would bring him down. Photograph: EPA/STR

Malaysia’s attorney-general cleared prime minister Najib Razak of any criminal offences or corruption on Tuesday, closing investigations into a murky (...)

Petroceltic ran out of funds after it was unable to raise cash on the bond markets late last year. It has also been unable to raise fresh equity due to the blocking stake held by Worldview

Worldview Capital, an activist fund based in the Cayman Islands that owns a 29 per cent stake in Dublin-based exploration company Petroceltic Interna(...)

Standard Chartered says  that oil prices could drop as low as $10 a barrel “given that no fundamental relationship is currently driving the oil market towards any equilibrium”. (Photograph: Eddie Seal/Bloomberg)

Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 per cent since the beginning of the year as analysts scrambled to cu(...)

A toy bull sits in front of the DAX Index curve at the Frankfurt Stock Exchange in  Germany on Monday: financial markets started 2016 on a bleak note and China is at the centre of it. Photographer: Martin Leissl/Bloomberg

Irish and European markets fell on Monday as a slide in Chinese equities fuelled investors’ fears that a slowdown in the world’s biggest market will h(...)

People walk past an electronic board showing the benchmark Shanghai and Shenzhen stock indices, on a pedestrian overpass at the Pudong financial district in Shanghai.

US stocks opened sharply lower on the first trading day of 2016 after lackluster Chinese economic data rekindled worries of slowing global growth. T(...)

Petroceltic chief executive, Brian O’Cathain

Dublin and London-listed exploration company Petroceltic, which last week put itself up for sale has transferred its rights to a licence it part-owns (...)