A total of 528 million shares in Samsonite International were sold by Royal Bank of Scotland and private equity firm CVC Capital Partners as they exit in the Luxembourg-based company.

The planned merger of Hapag-Lloyd and Hamburg-Sued has been cancelled when the two container shipping companies disagree on some terms.

Gold, corn and natural gas were among the top commodities traded according to figures obtained by Reuters from the Commodity Futures Trading Commission.

SEC Chairman Elise Walter proposes foreign regulatory guidelines for cross border trading especially with over the counter derivatives trades.

Technology giant Apple has recently purchased WiFiSlam for its mapping purposes. Apple is seeking to improve its mapping applications for its smart phones by purchasing Silicon Valley start up WiFiSlam.

Sinopec has concluded a deal to purchase oil and gas assets from its parent company. Sinopec Corp. has reached an agreement with its parent company China Petrochemical Corp.

As merger talks stall, Hapag-Lloyd announces termination of merger plans with its rival Hamburg-Sued.

Standard is considering to buy a bank in Egypt as it sees economic stability in the country. Standard Chartered plans to buy an Egyptian bank to benefit from the booming lending sector of the Middle East, regional head Christos Papadopoulos said.

With nearly 70% of EBX shareholdings with its founder, Eike Bautista, there is a need to diversify in order to retain competitiveness.

Mother company and subsidiary would form a joint venture partnership to boost profitability. A joint venture would be set up between China Petroleum and Chemical Corp and its mother company.