Moody's Investor Service had upgraded the ratings for the United Arab Emirates from negative to stable due to recent real estate recoveries and the decline of problematic loans in the market.

The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.

A source told Reuters that Washington-based lobbying firm Patton Boggs' merger discussions with Dallas-based law firm Locke Lord included a due diligence review of a possible merger suitor.

In a moment of candor, Canadian Finance Minister confirmed that the federal government would be open to options as to how to best utilize its 8.5% stake in the Hibernia offshore oil project.

Alitalia CEO Gabriele del Tochio would be submitting to the board for its decision for an industrial plan which would include 2,000 employee layoffs in order to keep the Italian air carrier aloft.

In an agreement for mining explorations servies, the mode of payment between Alix Resources the owner and Ridge Resources the contractor would be payment in the Canadian value of Bitcoins.

Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.

The French government on Tuesday approved IntercontinentalExchange Inc's takeover of stock market operator NYSE Euronext but urged French market players to step in to preserve Paris as a financial centre.

OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.

French luxury goods group Kering, trying to sell its loss-making mail order unit La Redoute, said it would favor a buyer who would keep the business going after staff and politicians protested against looming job cuts.