The Chief Executive Officer of Italian fashion brand Salvatore Ferragamo saw no reason to sell, quelling speculations of a possible buyout.

According to an Italian daily, market regulator Consob is investigating Camfin's offer for Pirelli shares if the same is properly valued.

Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.

BioFire is bought out by BioMerieux for USD450 million, funded through debt. In an announcement, BioFire Diagnostics would be bought out by BioMerieux for USD450 million.

News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.

South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.

Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.

Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate. According to Deutsche Bank co-Chief Executive Officer Anshu Jain, consolidation in the banking industry is 'inevitable'.

China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.

The Royal Bank of Canada named Jonathan Golub to head the investment banking unit of RBC as its new chief market strategist for the US.