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.

State-owned Mubadala Development Co and Amsterdam-based Trafigura Beheer submitted joint bids for Eike Batista's MMX Mineracao & Metalicos.

Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.

Renault SA COO Carlos Tavares would step down after publicly revealing desire to run General Motors Co or Ford Motor Co.

RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.

Fraser and Neave Ltd said that the company is in a dispute with its joint venture partner regarding its stake in Myanmar Brewery Ltd..

Carrefour posted improved profits in the first half of 2013 despite discontinuing a number of operations.

Founders of ENRC announced that investors had already accepted up to 94.5% of its buyout offer. Founders of the Eurasian Natural Resources Corporation (ENRC) announced that investors had already accepted 94.

Playtech said it intended to spend more than EUR 600 million for acquisitions to capitalize on the increased use of mobile devices for online betting.

Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.

Android vice-president Hugo Barra left Google amid marriage troubles between Sergey Brin and Anne Wojcicki.

Zurich Insurance chairman Josef Ackermann resigned in relation to the suicide of the insurer company's CFO, Pierre Wauthier.

The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.

Despite a beleaguered international division, Qantas Airways posted an annual profit of AUD5 million.

Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.

German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.

MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.

Barclays hired investment bankers Paul Knight and Michael Rawlinson to lead its global metals and mining team.

Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.

Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.

US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.

Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.

Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.

ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.

Two more operators join the 4G race in Britain as it jumps into the superfast mobile top division. Britain is preparing to launch itself into the superfast mobile top division as two more operators launch 4G services.

After global food safety scare, Danone SA unit plans to take legal action against New Zealand's Fonterra.

American Airlines said that the scheduled March trial for antitrust issues would put its planned merger with US Airways Group at risk.

Goldman Sachs' managing director Jason Lee had been indicted with rape by a grand jury. Jason Lee, managing director at Goldman Sachs Group Inc. was charged with rape.