China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.

Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.

Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.

Simcere founder with the firm's CEO formed a consortium to bid for the purchase of Simcere Pharmaceutical Group.

Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.

Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.

Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.

Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.

The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.

Three Suntech Power Holdings Co Ltd directors resigned amid the company's struggling financial difficulties.