Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia. Virtual telecommunication services in Malaysia was recently launched by Virgin Mobile Middle East & Africa in partnership with the Southeast Asian countries fourth largest telecoms operator U Mobile.

Citing sources who were familiar with the matter, the Financial Times reported that Shanghai has approved six foreign hedge funds to raise money from investors within China.

Bayer said regulators in China were investigating their local office in the mainland for alleged unfair competition practices.

Media reports said US private equity firm KKR was considering an alliance with a Japanese government-backed investment fund for its bid of the healthcare unit of Panasonic.

State-owned 1Malaysia Development Bhd raised the target for its IPO to USD 3 billion, according to a source interviewed by Reuters.

A source told Bloomberg that Japan Display would be holding an initial public offering to raise JPY 200 billion or USD 2 billion.

McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.

According to a regulatory filing with the Hong Kong Stock Exchange, Beijing Enterprises Water Group Ltd. would acquire nine water and sewage treatment projects in China.

Softbank Corp planned to ink a loan agreement with 19 banks tomorrow to refinance its debt when it purchased Sprint Corp in July.

Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.