An annual Citibank survey found that Hongkongers' interest in purchasing property dropped more than 10% year-on-year and that the average quarterly property transactions fell by 40%.

European private equity group 21 Partners agreed to purchase French pharmaceutical manufacturing company Synerlab from premium independent private investment firm Ardian for an undisclosed amount.

Dr. Peregrino Brimah of Every Nigerian Do Something or ENDS said Africa is not ready for Africapitalism at this time. He cited the reasons for this in his essay entitled "Is Africapitalism Good Or Bad For Africa?"

The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.

Tyra Banks has invested an undisclosed amount on Locket, a mobile advertising app made for Android smartphone lockscreens, through her company's investment arm Fierce Capital.

TCAS Online, a student accommodation management systems provider based out of Dublin, Ireland, received EUR650,000 in fresh funding from private investors including Kernel Capital Partners.

Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.

Atomico's Fund III was intended to provide financial support to startups who are raising money via later-stage funding rounds to aid them in scaling their businesses.

Hightail, which was formerly known to many as the file-sharing service name YouSendIt, has raised a total of USD83 million after it nabbed USD34 million in new funding from an investment round led by Western Digital.

According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.