There has been a solution reached by Romanian and Cypriot authorities for the local unit of the Bank of Cyprus.

STMicroelectronics NV has gone on a separate path from its former partner Ericsson. STIMicroelectronics NV has unveiled new products to address chip demand and increase boost sales for the second half of 2013.

Affin Holdings squelched rumors as to the supposed takeover bid by AMMB Holdings. Affin Holdings Bhd has squashed speculations that it is discussions with AMMB Holdings Bhd regarding AMMB's acquisition of the company.

GSK would form a joint venture partnership with Avalon Ventures to provide financial and technical support to drug-discovery start up companies.

Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.

Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.

Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.

A consortium led by CEO Jing Lou and CPEChina Fund Ltd has made a higher bid for 3SBio. 3SBio, a biotechnology company from China that focuses on research, development, manufacture and marketing of biopharmaceutical products, has announced the receipt of a proposal letter from CPEChina Fund LP.

The Australian Competition and Consumer Commission had approved the merger of Virgin Australia and Tiger Australia.

France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.