ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.

Uralkali CEO Vladislav Baumgertner was held in custody after holding potash discussions in Belarus. OAO Uralkali Chief Executive Officer Vladislav Baumgertner was detained in Belarus.

Muriel Siebert, the first woman to ever take a seat on the NYSE, succumbed to cancer complications and died at the age of 80.

India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.

America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.

After the fall of Lehman Brothers, Morgan Stanley retained its reputation as a law-abiding investment bank.

Acquia Inc. hired a new chief financial officer before it would start discussions with banks for an IPO.

Anadarko sells part of its stake in Mozambique property to Oil and Natural Gas Corp. Ltd. for USD2.64 billion.

Canva launched a new tool for design creation and collaboration through a USD3 million in seed funding.

An analysis by Bloomberg said that the next CEO of Microsoft would face a lot of big choices to make after Steve Ballmer's resignation.

SAC Capital founder Steven Cohen ended charges of insider trading with a USD616 million settlement deal.

Private equity exits in India had doubled amid the weakened currency, unstable market capital and poor macro-economic conditions.

Pritzker Family agreed to buy TMS International Corp. for USD1 billion. The Pritzker Family, one of America's wealthiest families, has agreed to purchase TMS International Corporation with an approximate USD1 billion cash deal.

Reuters had seen a termsheet showing that HUDCO planned to raise INR12.5 billion through selling of tax-free bonds.

CNPC vice president Wang Yongchun is under investigation from the China Ministry of Supervision due to unspecified breaches of discipline.

Thai billionaire Charoen Sirivadhanabhakdi eyes USD500 million IPO for F&N REIT. Charoen Sirivadhanabhakdi, Thai tycoon and the country's third richest man, announced plans of an IPO for Fraser and Neave (F&N) REIT.

MBK agrees to buy ING's South Korean unit to bring the latter's Asia exit plan closer to conclusion.

Malaysia's largest mobile phone operator has planned an IPO of its telecommunications tower assets.

A Bain & Co. study showed Swedish banks outperform peers, but Europe's financial sector poised to catch up.

Exchange law passed last year was done as a step toward increased kwanza trade. According to the Banco de Nacional de Angola, Angola's central bank, the amount of dollars sold at auctions by the central bank has been halved due to a foreign exchange law.

OSX Brasil names new CEO. As Eike Batista's OSX Brasil SA prepares to deploy an oil platform to back $500 million in bonds, the company has named a new CEO.

NY State Attorney General files lawsuit against Trump investment school for operating without a license.

Amgen acquires Onyx Pharmaceuticals for $10.4 billion. Declining sales of its flagship product pushed Amgen to a $10. 4 billion purchase of Onyx Pharmaceuticals, concluding the two-month-long auction of Onyx.

Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.

The State Bank of India announced that it had expected to receive a total of INR4 billion in recapitalization from the government.

There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.

Reliance Life announced to sell a 5% stake to private, public and cooperative banks. Reliance Life, a private insurer operating in India, said that it had planned to explore distribution tie-ups with a number of banks.

ONGC announced an acquisition deal for a 10% stake in Anadarko Corp priced USD2.6 billion. ONGC Videsh Ltd (OVL) had announced its planned acquisition of a 10% stake at Anadarko Corp.

Air India Express had announced it was looking at domestic expansion to be able to compete with three current budget airlines dominating India by the end of the year.

Markit, a financial data company, said that the US factory activities increased by 53.9% which was its best rise since March.