Car firms, struggling with lacklustre growth in established markets are hoping to reap lucrative business from re-opened Iran, but will face stiff competition from Chinese rivals

The world’s carmakers have been plotting their assault on Iran for several years. But when they arrive in the newly opened country - marking a long-aw(...)

An investor smiles as she walks past an electronic board showing stock information at a brokerage house in Fuyang,  China, yesterday. Photograph: Reuters

China’s recent equity market crash and subsequent rocky recovery has investors worried about too much volatility, although most analysts believe the m(...)

Owen Killian, chief executive of Aryzta: the Swiss-Irish food group closed the day up 3.7 per cent to €44.89. Photograph:  Cyril Byrne

European stocks rose yesterday as oil prices steadied, supporting energy shares, after first tumbling when Iran and six world powers reached an agre(...)

A television screen shows Angela Merkel, Germany’s chancellor, speaking during a Greek bailout news report as a trader monitors financial data inside the Frankfurt Stock Exchange in Frankfurt, Germany, yesterday. Photographer: Martin Leissl/Bloomberg

The Iseq in Dublin soared by about 1.7 per cent as investors celebrated the Greek bailout deal and the avoidance of the country’s exit from the euro.(...)

Martin Franklin set up Platform  in 2013 to buy specialty chemicals companies

US chemicals maker Platform Specialty Products Corp said it would buy Britain’s Alent Plc for about £1.35 billion in cash to expand the range of chemi(...)

MPLX operates a network of crude oil and product pipelines in the US Midwest and Gulf Coast regions

Marathon Petroleum Corp’s master limited partnership (MLP), MPLX LP, will buy natural gas processor MarkWest Energy Partners LP for about $15.63 billi(...)

Former trader Tom Hayes leaves Southwark Crown Court in London. He insisted his bosses knew about what he was doing. Photograph: Neil Hall/Reuters

Tom Hayes, the first person to face trial in the global investigation into the fixing of Libor, has admitted he asked colleagues at UBS as well as t(...)

Thomas ‘Tom’ Hayes, 35, a former trader at banks including UBS  and Citigroup, leaves Southwark Crown Court. Photograph: Simon Dawson/Bloomberg

Tom Hayes, the first person to face trial by jury over allegations he conspired to rig global Libor interest rates, told a London court on Tuesday he (...)

Tidjane Thiam (52), started work as chief executive of Credit Suisse on Wednesday. File photograph: Simon Dawson/Bloomberg

Credit Suisse’s new chief executive told staff in a memo on Wednesday the Swiss bank needed a strong balance sheet to help it through rough times and (...)

CRH attributed an enterprise value of about £414 million to UK brick maker Ibstock. Photograph: Brenda Fitzsimons

A UK brick company sold by CRH six months ago in a £414 million (€578 million) deal is being prepared for a flotation with a highly ambitious valua(...)