Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.

Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.

Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.

Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.

The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.

The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.

Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.

Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.

The Wall Street Journal reported that Netflix was in early-stage talks with US cable companies to make its streaming video service available to subscribers using their set-top boxes.

Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.