India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.

Toronto-based Transition Therapeutics announced its USD 21.7 million private placement with investors.

Disa bought Primtemps, a French department store from Deutsche Bank and Murizio Borletto. Italian entrepreneur Maurizio Borletti and the Deutsche Bank successfully sold one of France's largest department store chains to Divine Investments SA (Disa).

Kazakhmys Plc and its shareholders announced that they are have approved the bid from ENRC founders for stake sale.

A source told Reuters that Dell's special committee and CEO Michael Dell's buyout consortium might finally be getting close to a deal.

Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.

Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.

Grosvenor Capital Management and Credit Suisse agreed on the latter's sale of its Customized Fund Investment Group.

Biotech Corp said that it has already passed its investment target for this year. Malaysian Biotechnology Corporation, one of the largest biotech firms in Southeast Asia, said that it will be expecting a total of RM3 billion worth of investments in the sector this year.

RSA's shares gained ground today after losing due to bad weather conditions in Canada. Shares of RSA Insurance Group gained momentum today after stumbling from its 33% dividend slash early this year.