An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insurance.

Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.

Leading Japanese trading firm Itochu formalizes latest contract with the Sultanate of Oman for oil imports.

In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.

Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.

Shunfeng Photovoltaic International planned to raise USD 144 million in a share sale, a regulatory filing revealed.

China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.

Press release provider Cision AB said it had been investigating why it released an incorrect report about Samsung's purchase of Fingerprint Cards.

New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.

Billionaire investor John Malone had said he would not consider Cablevision Systems Corp as a potential company that he would include in his planned merger of US cable companies.