Japan Petroleum Exploration will be taking 10% stake in the liquefied natural gas project being planned by Malaysia's oil firm Petronas in British Columbia, Canada.

IPH interest sold by Bahrain's Investcorp. Investcorp, the Bahraini alternative investment fund manager has completed the divestment of its industrial supplies distribution firm whose main focus is Europe.

A proposal for the sale of preferred shares of stock would be tabled for the shareholder meeting of Bancolombia.

Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.

Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.

Biggest IPO and first infrastructure fund for Thailand set by BTS. The initial public offering of the infrastructure fund of the BTS Group has begun with pre-marketing conducted to raise US$1 billion.

Shun Tak bond issue attracts investors from Asia and Europe. Shun Tak, the Macau conglomerate, issued its US$400 million seven year maturity bond in the hope that the issuance would re-open the market for unrated paper after the lunar new year break.

The buyout firm has recruited two specialists in addition to its Japan team ahead of closing its new pan-Asia fund worth $6 billion

Owners of Vuclip and Jigsee swap shares. In a rather complicated deal, XinLab Inc. who operates Vuclip has acquired startup Jigsee through an all stock deal.

UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.