James Healy-Pratt, head of the aviation department at the legal firm Stewarts Law in London, estimates that Allianz could eventually pay out as much as €300m.

Norway has agreed to buy 16 AgustaWestland search and rescue helicopters for more than £1bn, in another blow to Eurocopter, a division of pan-European aerospace and defence company EADS. The contract ...

Informa has written down the value of Datamonitor by almost 40 per cent, eight years after the business media group acquired the market intelligence company for £500m. The FTSE 250 company said on ...

I am standing in shorts and an oversized tank top beneath a marquee wedged between the harbour front and Hong Kong's great skyscrapers while on the other side of the curtain sit 700 guests eager to ...

Brady Dougan spent 25 years at Credit Suisse applying his much-admired intelligence to problems throughout the bank and carving a fan base big enough to make the quietly spoken American its first ...

The global fertiliser market faced a major shake-up after Russia's Uralkali, a leading potash producer, pulled out of one of the two big cartels, sending sector share prices tumbling. Uralkali pulled ...

Luxury bag maker Mulberry has revealed the extent of its failed move upmarket, with pre-tax profit in the year to March falling 53 per cent and like-for-like sales in the 10 weeks to June 7 falling 15 ...

Moody's has placed the credit rating of Suntory on review for downgrade, following the Japanese beverage maker's move to spend $16bn on acquiring Beam Inc, one of the biggest names in US whiskey. The ...

Democracy activists on Monday jeered a top Chinese official who was visiting Hong Kong to explain China's move to introduce universal suffrage with tough restrictions in the former British colony. Li ...

The financial industry is in the process of moving derivatives trades to central clearing but the act of sourcing the billions of dollars of high-quality assets that will be needed to back the ...

Vodafone UK has pledged to reverse a long-term decline with growth in both sales and profits in the next two years in Britain, where the mobile industry remains locked in a tough battle over prices ...

Argentina's default this week will trigger payouts on around $1bn on insurance contracts linked to the country's bonds, according to the International Swaps and Derivatives Association. The ISDA ...