The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.

Ahead of its IPO, Twitter hired JJ Hirschle, a former Google advertising executive as the company aimed to expand its businesses and strengthened its workforce.

US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.

The Singapore Stock Exchange had questioned the authority of Asiasons Capital to issue new shares for the acquisition of a stake in a US oil and gas company.

Jos. A. Bank Chairman Robert Wildrick said in an interview last Wednesday that the US apparel retailer had received strong support from top shareholders in the company for its Men's Wearhouse Inc. bid valued USD2.3 billion.

Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.

The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.

Richmond resident trustees have filed an appeal on a decision made by US District Judge Charles Breyer dismissing the eminent domain case.

According to officials who sought anonymity, House Speaker John Boehner and other Republican leaders in the House would approve the Senate drafted deal on the debt ceiling and the budget.

State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.