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.

The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.

Dell reviewing Icahn and Blackstone offers against the Silver Lake/Dell offer. Currently, the special committee of the Board of Directors of Dell Inc is reviewing the takeover bids submitted by the Blackstone Group and billionaire Carl Icahn.

DP Chairman confirms move from US markets to Latin American and African countries for port business.

Lion Air, going full blast on its expansion in Asia, orders a new batch of planes from Airbus. Lion Air's recent aircraft orders underscore the plans that the Indonesian consortium is planning to become as the largest pan-Asian low cost carrier.

Colombia, Peru, Costa Rica and Mexico are preparing its financial systems for the pressure from foreign markets on their currencies.