LVMH purchases nearly half of RM Williams of Australia. A private investment fund financed by a French luxury brand LVMH Group has bought 49. 9% of Australia's R.

OpenCoin finalizes successful financing round with angel investors. In an announcement, OpenCoin disclosed that it had closed a round of financial investments from angel investors.

Actis owned stake in Avtec would be acquired by Warburg Pincus. Warburg Pincus, the American private equity firm, has purchased a minority share in Avtec, the engineering equipment manufacturer.

Liberty Global's acquisition of Virgin Media granted unconditional EU approval. Last Monday, John Malone's US cable giant Liberty Global has received unconditional European Union regulatory apprival for the takeover of Virgin Media.

IPO is the way for growth for Pegasus Airlines, the Turkish budget air carrier. Pegasus Airlines, the low cost air carrier of Turkey, is offering for sale 34.

Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.

Pearson Plc to transfer its BDFM Publishers shareholdings to Times Media Group Ltd. The owner of the Financial Times newspaper, Pearson Plc has entered into an agreement to sell off its 50% shareholdings in publisher BDFM Publishers.

Distell's purchase of Burn Stewart expands its market. South Africa's largest wine and spirit producer, Distell Group Ltd, is planning to acquire Scotch whisky maker Burn Stewart Distillers Ltd.

Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.

Centrica-QPI joint venture purchases Suncor assets in Canada. Centrica of Britain and Qatar Petroleum International has purchased gas and oil assets previously owned by Suncor Energy.

ING NV would be launching its sale of its US$1.2 billion shareholdings in TMB Bank after the May 5 elections.

Mando's plan to invest in Halla Engineering beyond its means forces Midas to divest its shareholdings in Mando.

Clariant, in compliance with US regulators requirements, would be purchasing deep sea assets of the Gulf of Mexico owned by Ecolab.

Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.

The merger of two of the largest automated trading firms would create savings as well as increase revenues for the new merged entity.

Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.

Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.

Amidst its insider trading investigation, SAC Hong Kong has lost five staff members and moved three others to other SAC offices.

Private equity firms selling off securities despite government infusion efforts. Many private equity firms have been purchasing government securities that are protected against inflation because of the Federal Reserve's efforts to expand money supply.

Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.

Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.

The Italian publisher RCS MediaGroup has agreed to a recovery plan. The RCS MediaGroup Board of Directors have approved the terms of a capitalization round and a debt refinancing plan required for its rehabilitation.

Thermo Fisher's bid of US$75 per share for Life Technologies is under negotiations for finalization over the weekend.

With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.

Seibu Holdings is opposing attempts by Cerberus to gain more seats in the board of directors. Seibu Holdings, the railway and real estate conglomerate of Japan has rejected the attempt of Cerberus Capital Management LP to increase its shareholdings in the company.

Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.

The EU seeks to follow US model in job creation. European Union officials are seeking to change the deep stagnation of its present economy. They are looking into adapting one component of the U.

A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.

According to NVCA data, the first quarter of 2013 was the worst since the third quarter of 2003. Without a doubt, the venture capital industry has experienced the worst quarter it has had in a decade.

AirAsia JV programs now underway. On Saturday, AirAsia Bhd announced that prior to its launching of the joint venture, they have started hiring India-based captains, first officers and pilots for the Indian budget carrier.