Glencore’s Hong Kong listed shares rose 3.9 per cent  after Rio Tinto said it had rejected a merger approach from the commodities trader to create a $160 billion giant. Photograph: Michael Buholzer/Reuters

Rio Tinto rejected a merger approach from smaller rival Glencore to create a $160 billion mining and trading giant in August just as the price of its (...)

AP Moller-Maersk, Mediterranean Shipping Company and CMA CGM had hoped to form the so-called P3 Network to reduce costs on Asia-Europe, trans-Pacific and transatlantic routes by pooling 250 ships. Photograph: Getty Images/iStockphoto

China has scuppered a deal to create a shipping alliance on the world’s three biggest trade routes in a sign of the more muscular approach being taken(...)

Glencore agreed to pay 550 pence per share for Caracal, which has been its partner in Chad since 2012, the two companies said in a joint statement put  out  by Glencore yesterday. Photograph: Gianluca Colla/Bloomberg

Mining company Glencore Xstrata has agreed to buy Chad-focused oil company Caracal Energy for about £800 million a deal that will allow the com(...)

Traders work in the Volatility Index Options (VIX) pit on the floor of the Chicago Board Options Exchange (CBOE) in Chicago. Photograph: Tim Boyle/Bloomberg

Global equities rose today on robust US retail sales data, rebounding from last week’s steep decline, while the euro fell, prompted by the Euro(...)

Children sleep in the open in an elevated area in the city of Iquique, northern Chile, in expectation of further tremors this week. Photograph: Felipe Trueba/EPA

A powerful 7.6-magnitude earthquake struck off northern Chile late yesterday in the wake of the fatal major quake on Tuesday, but there were no(...)

Netflix continued its downward trend, slipping 1.6 per cent to $358.50.

Stocks rose yesterday as data emerged showing confidence is up in a number of European economies and in the US. Traders (...)

The Aughinish Alumina Refinery on the Shannon Estuary near Foynes Co Limerick.

The owner of Limerick-based aluminium producer Aughinish Alumina has warned of “material uncertainty” over its future after posting a $3.2 bill(...)

The  front of the European Central Bank  headquarters in Frankfurt, Germany: the ECB  has kept its benchmark interest rate unchanged at a record low 0.25 per cent

Tom Lyons Senior Business Correspondent European stocks were little changed, paring earlier gains, after the European Central Bank kept i(...)

A trader on the floor of the New York Stock Exchange earlier this week. Photograph: Andrew Burton/Getty Images

European stocks surged today, reversing a big portion of the previous session’s sharp losses after Russian president Vladimir Putin said he would o(...)

Aer Lingus and Ryanair had contrasting days. While Aer Lingus rose by 0.6 per cent to €1.409, Ryanair closed down 2.3 per cent at €6.60 on profit taking. Photograph: Alan Betson

European stocks posted a gain in the first full week of 2014, as data showed US and German unemployment fell and that Ireland returned to the bond mar(...)