A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.

For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.

California-based Retention Science got more than USD 750,000 from Forerunner Ventures, an early-stage venture capital firm.

Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.

Women's boutique retailer Francesca's Holdings Corp. has ousted Lululemon as the most attractive company to date to land private equity bids.

The partnerships of SAIC Motor Corp with Western car manufacturers helped boost its sales for the first half of this year.

A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.

Tanzania's National Development Corporation signed a joint venture agreement with Nava Bharat of Singapore for an oil palm farm and processing facility.

Geneva-based biopharmaceutical company ObsEva announced that it was able to raise CHF 32 million for its Series A round.

Vodafone Group released a statement saying that there is “no certainty that an agreement will be reached.”