Canada-based suitor Saputo Inc has lifted its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd for the third time after United Dairy Power backed Saputo's takeover bid.

German-based carmaker Volkswagen intends to introduce a mid-sized sports utility vehicle for its North American market in 2016 as part of its $7 billion investment program, Bloomberg reported.

Germany-based venture capital firm Global Founders Capital and Luxembourg-based firm Redline Capital invested €6.1 million ($8.3 million) in UK-based short-term e-commerce business loans startup Iwoca.

New York, US-based news giant NBCUniversal News Group announced a minority investment in mobile video news startup NowThisNews to co-produce original short news videos for social sites.

Massachusetts, US-based video hosting solutions firm Brightcove acquired Arizona-based Internet video solutions provider Unicorn Media Inc in $49-million acquisition deal to facilitate easier distribution of ad-supported video.

Power Assets Holdings, the firm controlled by Li Ka-shing, has reduced the initial public offering size of Hong Kong's second largest power supplier, HK Electric Investments, Bloomberg reported.

Banks are growing more reliant on the growing market for equities as they get nearly half of their fourth quarter investment banking revenues from equity trading and underwriting, the Financial Times reported.

As the US economy shows signs of improvement and the dollar continues to show signs of growing strength, emerging markets could experience a crises, the Financial Times reported.

Nigeria-based energy firm Oando Plc said it closed $1.63 billion to purchase the assets of US-based firm ConocoPhillips in the country, in a bid to become the top producer for the biggest oil exporter of Africa.

Paris, France-based travel startup Evaneos raised $6 million from a Series B funding round led by XAnge Private Equity for its expansion to other European countries.