Statoil jumped 6.1 per cent after Norway’s biggest oil company unexpectedly posted a profit

Energy companies pushed European equities up for a second day running, amid better-than-estimated earnings reports and news of oil reaching $45 a barr(...)

Mario Draghi, president of the European Central Bank (ECB). In a world of negative rates, he currently charges 0.4 per cent on the euros deposited by banks in his coffers overnight. (Photograph: Drew Angerer/Bloomberg

Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fa(...)

 Pedestrians walk on Amsterdam Avenue on Sunday in New York city. Most of New York’s streets were cleaned up overnight after a huge snow storm hit the mid-Atlantic states. Photograph: Getty

New York city has slowly emerged from a massive blizzard that paralysed much of the US east coast, while snowy gridlock gripped the nation’s capital (...)

The arrangements using charities are part of tax-efficient structured finance deals aimed at attracting the institutions to set up “special purpose vehicles”in Ireland to house the high-risk assets. A team of economists from the Central Bank last month published a report on the use of these types of structures

Matheson, Ireland’s biggest corporate tax firm, uses three charities registered to “relieve poverty and distress” to help hedge funds and banks pay le(...)

The merged firm also will sell specialty policies to businesses, as well as life and accident-and-health coverage.

Axis Capital Holdings has agreed to merge with Dublin-headquartered PartnerRe, combining two reinsurers with a total market value of almost $11 billio(...)

Swiss Re, the world’s second largest reinsurer, posted a lower-than-expected rise in second-quarter net profit. Photograph: Christian Hartmann/Reuters

Lower claims from natural disasters boosted earnings at reinsurers Swiss Re and Hannover Re in the second quarter, but signs of intensifying price com(...)

The world’s largest reinsurer said it would buy back up to €1 billion of its own shares by its April 2015 shareholder meeting. Photograph: Guenter Schiffmann/Bloomberg

Munich Re unveiled today a fresh plan to buy back its own shares, returning unneeded capital to shareholders even as low interest rates and tou(...)

European stocks dropped for a third day, extending a rout that has wiped about $2.9 trillion from global equities this year. Photo: Brendan McDermid/Reuters

World shares slumped to near a four-month low today as signs of a slowdown in the US economy aggravated the anxiety caused by a sell-off in emerging m(...)

Glohealth chief executive Jim Dowdall said the insurer’s  strong performance confirmed that consumers were seeking better value and better cover. Photograph: Cyril Byrne

Glohealth, the Republic’s newest health insurer, ended last year with almost €6 million in assets, figures to be released shortly by the company will (...)

Secretary general of the group of unions Brendan Ogle dismissed claims that taxpayers’ money would be used to shore up the ESB pension plan. “As far as we are concerned, the liability for the scheme lies fairly and squarely with the ESB,” he said. Photograph: Alan Betson/The Irish Times

The ESB, its unions, pension trustees and the Government will meet next week to defuse the row over the €1.7 billion hole in its workers’ retirement f(...)