Kentz Corp said no to takeover offers from rival AMEC Plc and Germany-based M+W Group. Kentz Corporation Ltd rejected approaches from AMEC Plc and M+W Group to take over the engineering firm.

XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.

The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.

Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.

Blackstone announced plan to acquire Hong Kong's Tysan Holdings to establish foothold in China market.

Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.

Car manufacturers increased production as rise in sales of petrol driven cars in India continue. In India, demand for petrol cars increased after a 25-month hiatus.

Japanese economy faced a higher deficit as overseas economies strengthens. Japan economy experienced a widening gap in its trade balance, according to a Reuters report.

NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.

Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.