South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.

Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.

Daimler reported that its quarterly operating revenue boosted by selling its aerospace and defense firm EADS stake.

Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.

TIO Networks enterd into an agreement to acquire Globex Financial Services. TIO Networks Corp. has announced that the company planned to acquire of Globex Financial Services Inc.

The UK government together with the auto industry is investing US $1.5 billion to fund research. The British government together with 27 firms from the auto industry will finance a research center amounting to US $1.

Walker Crips set a date for the launch of the country's first ever regulated bridging finance fund.

Conatus Pharmaceuticals offered 5 million shares for another IPO. Conatus Pharmaceuticals Inc. announced that it will be offering 5 million shares for another initial public offering.

Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion. Tsinghua Holdings Co Ltd, state-owned unit, would purchase Spreadtrum Communications Inc for US$1.

Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale. Over the next five years, Eskom Holdings SOC Ltd would face US$25 billion funding gap.