Analysts advised foreign grocery chains to be cautious about expanding their businesses in China. British supermarket chain Tesco Plc would the the latest foreign retail chain that had set its sight on China.

HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.

An internal memo news agency Reuters had obtained revealed that Bank of America Merrill Lynch had reassigned its co-heads of its Asia Pacific investment banking business.

Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.

Portugal Telecom announced in a statement that it would be merging with Brazilian telecom company Oi.

Software company SAP AG said it would be pouring over USD650 million to its new SAP Ventures Fund II.

The Coffee Bean & Tea Leaf chief executive and president Mel Elias said his company would be planning an exit strategy in order to generate funds for its growth expansion in southern California and north Asia.

German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.

Sources from Apple Inc's supply chain told Reuters that the tech giant would not be able to do a worldwide release of its new iPad Mini equipped with high-resolution retina display.

Russian diamond company Alrosa announced on Wednesday that it has planned to sell 14% of its stake on the Moscow bourse.

According to a report by VentureBeat, Apple Inc would have to tread carefully with advice from investor Carl Icahn.

Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.

Social media backup startup SocialSafe received an additional USD1 million in investment commitments with Microsoft Corp researcher Gordon Bell as its investor and advisor.

Israel-based venture capital firm Pitango Venture Capital said it had closed its recent funding round with USD270 million worth of funds.

Log management and analytics startup LogEntries recently received USD10 million in Series A funding led by Polaris Venture Partners.

A report by information technology news site Techcrunch said multinational semiconductor chip maker Intel Corporation recently acquired security company Sensory Networks for USD20 million.

French bank BNP Paribas SA said through Japan head of global equities and commodity derivatives Kyoya Okazawa that it had completed its hiring plan to strengthen its equity desk two years ahead of its schedule.

A Bloomberg report said that private equity firms should be wary about purchasing assets during an economic downturn.

Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.

An estimated USD50.9 billion in investments by private and community foundations was made, according to a Foundation Center report on 2011 financial data.

On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.

Telecoms group SoftBank Corp founder Masayoshi Son was said to have purchased Tiffany Building for USD326 million, according to people who were familiar with the transaction.

Russian oil producer Rosneft announced on Monday that it would be buying out the minority shareholders of TNK-BP Holding for USD1.5 billion to complete its USD55 billion takeover of TNK-BP.

Colombia's largest private oil company Pacific Rubiales Energy Corp intended to purchase oil producer and explorer Petrominerales Ltd in a COP COP1.6 billion or USD1.55 billion deal, according to its regulatory filing.

Wall Street Journal reported on Sunday that Royal Dutch Shell would be selling its Eagle Ford unit in South Texas.

A Reuters report said that the USD2.5 billion takeover proposal of Cooper Tire and Rubber Co by Apollo Tyres Ltd would be awaiting shareholder approval.

British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.

In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.

Online storage startup Box Inc co-founder Aaron Levie told an audience at a BoxWorks conference in San Francisco that the company's path towards an initial public offering would be the most natural thing to do.

Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.