Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.

In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.

Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.

After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.

Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.

Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.

The British oil company BP is pushing with its investments in the Shetland Islands. BP, the British oil giant is going ahead with an investment project located in the Shetland Islands.

The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.

With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.

Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.