The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.

Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.

Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.

More than 380 people were arrested in a race riot that occurred Sunday in Moscow. Police authorities in Moscow apprehended more than 380 people in a race riot on Sunday.

Porsche released teaser photos of its 2014 sport utility vehicle or SUV model, the Macan. German carmaker Porsche released teaser photos of its 2014 Macan for its fans.

The 2014 Macan would be unveiled by Porsche at an auto show in Los Angeles in 37 days. Porsche would be unveiling the Macan in 37 days. The 2014 SUV model would be shown at an auto show to be held in Los Angeles.

Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.

Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.

Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.

The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.