Indian business conglomerate Lanco Infratech begins debt restructuring process. Indian construction company Lanco Infratech Ltd has initiated restructuring debts amounting to INR 75 billion (US$1.

China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.

France takes legal steps to ban sales of new Mercedes models in line with ongoing dispute about harmful refrigerant.

Spanish unemployment rate drops 0.9% for second quarter and signals beginning of recession recovery.

Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.

American smartphone maker Apple Inc fails to beat South Korean giant Samsung in the Chinese market. Tim Cook, Apple Inc's Chief Executive Officer, believes that the leading smartphone maker can crack into and dominate the Chinese mobile market.

The possible merger of French company Publicis with Omnicom is expected to topple competitor WPP from the top spot.

China-based developer is set to spend CNY 12 billion for a development in Qianhai thus becoming Shenzhen's biggest investor.

NYC Public Pension Funds seeks to create more partnerships even after it had pledged around US $1 billion to CVC Capital Partners and Apollo Global Management.

Facebook absorbs Monoidics personnel to be part of its team following the social networking site's acquisition of the startup company.