After working with Fidelity Special Situations Fund for five years, Sanjeev Shah would step down as manager of the fund according to a statement from Fidelity Worldwide Investment.

A grant-loan from the Belgian government would expand the water and sanitation services in Iten, Kenya.

Vivus Inc. announced a new chief executive officer in the person of former Johnson & Johnson executive Seth H. Z. Fischer after Tony Zook resigned due to health issues.

According to Michael Dell, three proxy firms had recommended shareholders to vote for the founder's offer to take the computer maker private.

The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.

Sole bidder Chevron won the Lithuanian tender for shale gas exploration, the government said in a Twitter announcement.

Raghuran Rajan, the newly appointed bank governor of India's central bank would step into office in the eye of a roiling storm in the country's economy.

Platinum Equity announced the closing of Fund III with USD 3.75 billion. Global merger and acquisitions firm Platinum Equity announced that it scored USD 3.

The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.

The Riverside Company announced its purchase of Rutland Plastics for an undisclosed amount. The Riverside Company announced that it had purchased Rutland Plastics.

Aquiline Capital Partners and Genstar Capital Management announced that they had closed their acquisition of Genworth Wealth Management in a deal valued at USD 412.5 million.

Ares Commercial Real Estate Corporation said today that it has closed a previously announced deal to acquire Alliant Capital LLC.

France would start tenders for its hydroelectric power concessions by next year. France said it intended to start tenders for hydropower concessions in the first half of 2014.

The Hillshire Brands Company announced today that it had signed a definitive agreement to acquire Golden Island jerky products.

Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.

Thailand's largest shopping mall developer, Central Pattana, said it would be spending THB 15 billion to expand in Southeast Asia.

A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.

Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.

A termsheet of the Power Finance Corp showed that the Indian firm would conduct a private placement of tax-free bonds in order to raise INR 1.5 billion.

Sources told the Wall Street Journal that consumer goods maker Jarden Corp would buy scented candle maker Yankee Candle for USD 1.75 billion.

Lafarge would sell its 53.3% stake in its Honduras business to Cementos Argos for a price tag of EUR 232 million.

Private equity fund Mandarin Capital said it had sold its stake in IMA through accelerated book building.

The suicide of a Zurich Insurance executive might threaten opportunities for its former CEO Josef Ackermann who announced resignation from the company last week.

Semiconductor IP supplier ARM announced today that it had signed a definitive agreement to acquire Cadence's PANTA from Cadence Design Systems.

Germany's steel maker ThyssenKrupp denied reports of having cancelled the sale of Steel Americas.

CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.

In a filing on the Bombay Stock Exchange, the State Bank of India said that it had raised its stake in its Indonesian subsidiary by 99%.

Polands 2014 privatization target would be met through several sale of its stakes in listed firms. Poland had expected to meet privatization targets by 2014 through several sale of its stakes listed in companies.

Private equity companies Centerbridge and Anacap had been included in the list of bidders for Spain's smaller nationalized lenders.

After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.