South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.

Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.

Daimler reported that its quarterly operating revenue boosted by selling its aerospace and defense firm EADS stake.

In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.

Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.

Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.

TIO Networks enterd into an agreement to acquire Globex Financial Services. TIO Networks Corp. has announced that the company planned to acquire of Globex Financial Services Inc.

Rwanda reached its yearly projected investment amount after only six months. The African nation of Rwanda is showing signs of growth after achieving its US$1.

The UK government together with the auto industry is investing US $1.5 billion to fund research. The British government together with 27 firms from the auto industry will finance a research center amounting to US $1.

Walker Crips set a date for the launch of the country's first ever regulated bridging finance fund.