BP settles Deepwater spill for $18.7bn

Payments spread over 18 years under deal with US authorities

Glencore holds oil talks in Iran

Glencore meets with Iran ahead of possible nuclear deal

US employers hire apace but pay stalls

Weak wages muddy waters as 223,000 jobs are created in June

Sweden cuts rates to minus 0.35%

Riksbank acts to weaken krona but decision raises fears of bubble

Greek crisis a political gift for Rajoy

Spanish economic turnround contrasts with turbulence in Athens

China rule changes fail to buoy market

Regulators seek to end cycle of margin calls and liquidation

File photo dated 03/12/09 of a woman walking past the headquarters of the Royal Bank of Scotland in the City of London
©Johnny Green/PA

RBS reduces cash management services

State-backed bank will refer some international businesses to BNP Paribas

Iran Guards eye threat to business

Hardliners fear what nuclear deal will mean for commercial empire

Saudi prince pledges fortune to charity

One of biggest philanthropic gestures in history

China island-building projects race ahead

New satellite images show progress of South China Sea facilities

Evan Greenberg

Greenberg’s Ace buys Chubb for $28.3bn

Biggest tie-up in insurance industry in two decades

Comment & Analysis

Beny Steinmetz fights his corner

The Magnate: Part 4 of an FT podcast mini-series on a corruption investigation spanning three continents

Ivory Coast gains pace on road to revival

Investors rush to one of Africa’s best performers

Terror must not trample on Tunisian institutions

It is not for the outside world to impose governance and economic reforms, writes Claire Spencer

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