S&P downgrade lowers France's credit rating

Standard & Poor's downgraded France's credit rating from AA+ to AA, citing President Francois Hollande's ineffective growth policies.

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Queensland eyes USD4 billion toll road sale

Queensland Investment Corporation announced the sale of its toll road business Queensland Motorways for USD4 billion.

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One of Google's floating barges will be a dimesonial portal of new technology - documents

Preliminary plans obtained by the San Francisco Chronicle revealed that one of Google's floating barges would be an interactive showroom for about a thousand visitors daily.

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Coca-Cola plans to invest over USD4 billion in China from 2015-2017

Beverage giant Coca-cola Co said it would invest USD5 billion in China between 2015 and 2017 to counter competition.

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Top deals of the day - M&As

The following bids, mergers, acquisitions and disposals were reported on Wednesday

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Central States Tower II obtains USD 35 million senior secured credit facility from CIT Corporate Finance

CIT Corporate Finance provided a senior secured credit facility worth USD 35 million to wireless communications towers operator Central States Tower II.

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Lower Indian wireless spectrum pricing - government panel

A panel from the telecom ministry recommended cutting down the price for wireless spectrum in India.

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Microsoft enters 20-year investment deal with RES Americas to buy wind power

Microsoft entered a 20-year deal with RES Americas to source wind power from its Texas facility.

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Google's USD607 million investment to triple size of Hamina data facility

Google announced that it will invest USD607 million to upgrade its seawater-cooled facility in Finland and convert it into a bigger data center.

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York Capital Management invests EUR100 million in Greece's GEK Terna

US fund York Capital Management invested EUR100 million in GEK Terna, one of Greece's top construction groups.

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Chinalco-led consortium gets on shortlist for Glencore Xstrata's Las Bambas copper project

A consortium led by Chinalco was shortlisted to bid for Glencore Xstrata's copper mine in Peru, a Chinalco executive said.

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India-Pakistan LNG delivery agreement still to be forged

Only the issues of sovereign guarantees by Pakistan for the purchases of gas from India hinder the finalization of the agreement between the two countries.

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US Fed Reserve require stress tests on banks

Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.

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Essar Group plans bids for water infrastructure projects

Essar Group planned to bid for water projects in India.

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