PTSB had a €1.1 billion capital buffer above the 7 per cent trigger at the end of December

The first Irish lender to sell Europe’s riskiest type of bank bond is also the nation’s weakest. Permanent TSB, which failed European financial stress(...)

Union and women’s rights activists picketed the Indonesian in the Philippines, to appeal for Jakarta to spare a Filipino mother of two scheduled to be executed by firing squad. The activists vowed to stay outside the embassy until Indonesia stops the execution of Mary Jane Veloso or a second appeal filed by her lawyers is granted. Photograph: Francis R Malasig/EPA 0:37

International condemnation of Indonesia’s plan to execute convicted drug smugglers by firing squad as early as Tuesday is increasing, with Australia (...)

A man walks past the Time Warner Cable headquarters in New York. Comcast said the deal had been structured in a way that if the US government didn’t agree, the companies could walk away

Comcast and Time Warner Cable confirmed on Friday they had abandoned their proposed $45 billion merger. Comcast said the deal had been structured in (...)

Profits at the online auction company rose beyond expectations thanks in part to anticipated smooth split from PayPal. Photograph: Bloomberg

Shares at EBay rose the most in four months after the company said it was on track for a “smooth separation” of its PayPal business and that profit(...)

Oaktree Capital has secured planning approval to develop offices and apartments in Dublin’s docklands. South Docks Fund will build 42,500 square metre(...)

PepsiCo has said it’s on track to achieve $1 billion in productivity savings this year.  Photograph: Bloomberg

PepsiCo, the soft drink maker and world’s largest snack producer has posted first quarter profits that topped analysts’ estimates after cutting costs(...)

Swiss drug maker reported first-quarter profits beating estimates with operating income of $3.55 billion. Photograph: Reuters.

Novartis, the world’s biggest drugmaker by sales, reported first-quarter profits that beat analysts’ estimates as the company begins to benefit from a(...)

De Beers, the world’s biggest diamond producer, to cut output from 34 to 30 million carats this year as demand drops. Photograph: Reuters.

De Beers, the world’s biggest diamond producer, cut its output target for the year as demand for the gems weakens and prices fell for a second quarter(...)

Many customers  focusing on cost control and unwilling to finance  large marketing campaigns, WPP’s chief executive Martin Sorrell said on release of first quarter results. Photograph: Alan Betson.

WPP said 2015 would continue to be “demanding” after sales growth at the world’s largest advertising company slowed last quarter. The London-based fir(...)

Honda’s first jet plane completed  its maiden flight today as the company seeks to boost its technological reputation. Photograph: Reuters.

Honda’s first jet plane made its maiden Japanese flight as the company seeks to boost its reputation for cutting-edge technology. The seven-seat aircr(...)