Asian markets affected by US stock's worst weekly performance for the year. Asian markets fluctuated with meek profits and losses Monday as apprehensions rose on US market issues.

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.

Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.

Reports said Nokia would roll out a tablet powered by Windows RT next month. Microsoft failed to meet the sales expectations on its Surface tablets running on the Windows RT operating system.

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.

Analysts said Apple could attain a trillion-dollar valuation considering the company's current services, products and investments for the future.

Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.

The crews of Boeing, US Energy Department and NASA have been spread across a Cold War rocket test site to clean up and prevent contamination.

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.

Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.

Fonterra negated the Sri Lankan ban of the company's dairy products. Top dairy exporter, Fonterra of New Zealand, cried foul over the banning of its products in Sri Lanka last Friday.

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.

A number of Americans filing jobless claims fell to a near six-year low last week following the increase in consumer prices last July.

The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.

Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.

The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.

It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.

Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.

The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.

China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.

China’s National Development and Reform Commission or NDRC planned to examine big industries such as petroleum, banking, auto and telecommunications as part of its ongoing investigations on anti-trust violations in the country.

Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.

General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.

German bonds declined on its second week signaling an improved damp demand for the euro region's safest fixed-income assets.

A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.

Sirius XM Radio recently closed the acquisition deal with Agero Inc. Sirius XM Radio disclosed last Thursday on the company's acquisition of Agero Inc for USD 530 million in cash.

U.S. consumer prices went up as predicted in July. U. S. consumer prices went up as predicted in July. This increase may console officials of the Federal Reserve program who have been worried about low inflation while they evaluate process on cutting down massive bond buying schemes.