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.

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

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

Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.

HSH Nordbank, in a bid to lower financial risk, has loaned to the Navios Group ten ships. The world's largest shipping bank, HSH Nordbank AG has entered into an agreement to sell a fleet of ten unprofitable vessels to Greek freight giant Navios Group.

Onexim is now in discussion as to shareholdings purchase in OAO Rostelecom. Onexim Group, which is owned by Russian billionaire Mikhail Prokhorov, has said it may consider the purchase of a 10.

Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.

Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.

First round capital funding for popular The Football App reaches Eur10 million. The Football App was able to increase its first institutional funding with a Eur10 million Series A capital funding from a group of investors headed by Earlybird Venture Capital.