HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
Deals
Barclays Plc freeze accounts of its clients in the UAE
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
Monsanto acquires Climate Corporation for USD1.1 billion - report
Information technology news site Techcrunch cited investors of biotech company Monsanto, who said the company had purchased Climate Corporation for more than USD930 million.
Abu Dhabi and Dubai set to merge bourses
In a move to revitalize the UAE financial market, the Dubai and Abu Dhabi regulatory authorities are exploring ways to merge their bourses.
Amazon's Bezos finalizes Washington Post acquisition
Citing the The Washington Post, Techcrunch said Amazon Inc Chief executive officer Jeff Bezos completed his acquisition of the 136 year-old newspaper today.
Latest News
Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.
Tesco Plc paid HKD4.33 billion or USD588 million for 20% of its venture with China Resources Enterprise Ltd.
A BRL 300 million investment would be done GIC Pte in Aegea Saneamento e Participacoes SA. The Singaporean state fund GIC Pte had entered into an agreement that an investment worth BRL300 million or USD135 million in a Brazilian utility firm.
Portugal Telecom announced in a statement that it would be merging with Brazilian telecom company Oi.
Software company SAP AG said it would be pouring over USD650 million to its new SAP Ventures Fund II.
The Coffee Bean & Tea Leaf chief executive and president Mel Elias said his company would be planning an exit strategy in order to generate funds for its growth expansion in southern California and north Asia.
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
Russian diamond company Alrosa announced on Wednesday that it has planned to sell 14% of its stake on the Moscow bourse.
Russian payment transfer company QIWI announced floating an additional 8.2 million shares following 12.5 American depository shares it had floated earlier this year.
