Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.
Deals
PE deals in India increased for 2013
India's private equity deals earned USD924 million for August 2013. Nearly 36 private equity deals with a volume of USD924 million were completed in August.
BlackBerry co-founder approaches Carlyle Group for possible bid
Mike Lazaridis, one of the founders of BlackBerry, sought Carlyle's decision on a possible bid for the smartphone maker.
Tata-SIA partnership can change game play in overcrowded aviation sector
The partnership between Tata and Singapore Airlines could be a major game changer in the aviation industry where both firms invested USD100 million.
Finmeccanica in dicussions with CDP to acquire energy unit: paper
According to a report from Il Secolo XIX newspaper on Saturday while citing sources, Italy's Finmeccanica asked state owned Cassa Depositi e Prestiti to make an acquisition offer to buy the defense group's energy company.
Latest News
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.
Sotheby's said it would auction Moet & Chandon Champagne back to 1914 vintage in November. The back to the 1914 vintage Moet & Chandon Champagne would be auctioned at Sotheby's on November 13.
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
