Former Deutsche Bank  chief executive Josef Ackermann has been nominated as chairman of Bank of Cyprus.

Ackermann used his clout as head of Deutsche Bank to help save the euro by negotiating the biggest debt restructuring in history. Now, he’s been tappe(...)

A well production test at the Corrib field, 80km offshore Co Mayo: Oil and natural gas prices have fallen sharply this year. Photograph: Shell E&P Ireland Ltd

Shell and its partners have handed a petroleum exploration licence for the Rockall Basin back to the State on the grounds that it has no further pote(...)

Royal Dutch Shell said third- quarter profit rose 31 per cent to $5.8 billion (€4.6 billion). Photo: Bloomberg

Royal Dutch Shell said third-quarter profit rose, beating estimates, as earnings from refining and natural gas offset the impact of lower crude prices(...)

A visitor passes a logo of the British multinational oil and gas company, BP during the 21st World Petroleum Congress in Moscow recently. Photograph: EPA

Oil and gas producers BP and BG Group both reported a fall in third-quarter profits yesterday, in part due to the drop in the oil price. Crude has dr(...)

EGM tomorrow: Fyffes will hold its EGM at the Ballsbridge Hotel in  Dublin 4 to discuss its planned merger with Chiquita. Photograph: Simon Dawson/Bloomberg
For your diary

TODAY Results: Alkermes; Allergan; Amgen; Burger King Worldwide; Doosan; Merck; Seagate Technology; Twitter; TNT Express. Indicators: Irish retail sal(...)

Christophe de Margerie, CEO of French oil and gas company Total SA was killed in an airplane collision with a snow plow at Moscow’s Vnukovo International Airport, airport spokeswoman Elena Krylova said today. Photograph: Gonzalo Fuentes/Reuters 0:56

Total’s chief executive officer Christophe de Margerie died when his airplane struck a snowplough on a Moscow runway, ending a career in which he o(...)

Vodafone judgment will be viewed favourably by other multinationals. Photograph:  Bruno Vincent/Getty Images

Vodafone has won a long-running 30 billion rupee ($490 million) Indian tax dispute, providing a rare spot of good news for a company that has suffered(...)

Ryanair and Aer Lingus were dragged down in a sector-wide slide in airline stock linked to Germany’s Lufthansa lowering of its profit forecast earlier in the week.

European stocks were little changed yesterday despite poor retail sales and jobs data from the US, while oil prices hit a three-month peak on escalat(...)

Assembling a gas turbine at Siemens in Berlin: the company is trying to reposition itself to take advantage of growth in the energy sector. Photograph: Michele Tantussi/Bloomberg

The head of the German electronics and engineering giant Siemens said last week that the company would not be strong-armed into acquiring the power un(...)

Chris Finlayson, chief executive officer of BG Group, who announced his resignation today, as the group said that  oil and gas production this year would be at the lower end of the estimated range because of declining production in Egypt ng playing field. Photograph: F. Carter Smith/Bloomberg

BG Group chief executive officer Chris Finlayson has resigned, as the UK’s third-largest oil and gas producer ditched an output forecast made j(...)