Nama expects to report a profit of well in excess of €1 billion this year, its chairman Frank Daly has told an Oireacthas Committee. Nama reported a profit of €473 million in the first half of the year and expects to more than match this in the second half, the Irish Times reported. Nama now predicts that it will generate a surplus of €2 billion by the time it completes its work. The organisation took on loans from the banks at a written down value, and the latest predictions means that the final value of the loans will be some €2 billion more than expected at that time.

Rolls-Royce, the British engineering group, announced a major management restructuring on Wednesday that the company said was aimed at simplifying a byzantine hierarchy and lowering operating costs after a string of profit warnings, the International New York Times reported. The group presented the changes as part of a broader plan to eliminate as much as 200 million pounds, or over $300 million, in annual operating costs.

Ukraine’s leaders pledged to put aside their differences and take measures to unlock loans from the International Monetary Fund, after weeks of squabbling strained the pro-Western coalition and delayed the latest bailout tranche, The Wall Street Journal reported. The statement, signed by the president, prime minister and chairman of parliament and released late Tuesday, tried to draw a line under infighting in the coalition.

European anti-fraud investigators said on Wednesday that they were looking into whether Volkswagen misused hundreds of millions of dollars in low-interest loans — threatening a significant source of funding for the crisis-struck automaker, the International New York Times reported.

The collapse of oil prices has claimed its first bankruptcy victim in Norway’s offshore industry, and analysts warn more may follow, Bloomberg News reported. Dolphin Group ASA, a seismic surveyor that maps the seabed for oil and gas reservoirs, became the first Oslo-listed company in the industry to file for bankruptcy Monday. One of its competitors, Polarcus Ltd., is in talks on restructuring debt -- but the threat won’t stop there, with insolvency cases bound to multiply among drillers as well, analysts say.

Creditor banks in Abengoa are piling up pressure on the Spanish energy and engineering firm to find alternative emergency financing and avoid becoming Spain's largest-ever bankruptcy, sources familiar with the matter said on Tuesday, Reuters reported. The sources, speaking on condition of anonymity, said a meeting held on Monday between Abengoa and the lenders to agree on emergency financing did not reach any conclusion and that the banks would now discuss with investment funds a potential cash injection in the company.

Portugal faces fresh concerns relating to one of its smaller banks after shares in Banif tumbled Monday amid concerns about its ability to pay back loans it received in a bailout of the country’s banking sector, the International New York Times reported. Banif was one of the smaller banks to receive emergency lending as part of the international bailout of 78 billion euros, or $85.7 billion, that Portugal negotiated in 2011.

Seismic surveyor Dolphin Group is filing for bankruptcy, the firm said on Monday, after a prolonged fall in crude prices has reduced the amount of work available from oil companies, Reuters reported. Oil companies have slashed spending as crude price have dropped around 67 percent since mid-2014. Seismic surveyors, which map out the seabed in search of oil and gas deposits, have suffered as a result. "Due to the continued deterioration in the oil service market Dolphin has had to make the decision to file for bankruptcy," the firm said in a statement.

Greece’s leftist-led government on Monday signed its first major privatization deal, granting a German company the right to lease and manage more than a dozen regional airports, the International New York Times reported. The contract, worth 1.2 billion euros, or $1.3 billion, is part of an effort to privatize state assets and adopt economic changes demanded by international creditors under Greece’s €86 billion bailout program. Some other measures are under debate in the Greek Parliament and are scheduled for a vote Tuesday night.

Anglo American is preparing for a fight in South Africa over its restructuring plans as it considers whether to exit its investment in the country’s largest iron ore miner, the Financial Times reported. Kumba Iron Ore is on a long list of assets Anglo is considering putting up for sale as part of proposals outlined last week by Mark Cutifani, chief executive, to arrest the miner’s underperformance in a deepening commodities downturn. Mr Cutifani said Anglo must concentrate on its most profitable assets and could end up with a portfolio of about 20 mines from more than 50 today.