Yuan Zhide, a Shanghai Venture Capital Senior Executive, said the Chinese central government's ban on initial public offerings needed to be removed if the country's venture capital industry is to be revived.

The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.

Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.

Private equity firm Boyu Capital has experienced the pressure that the delay in the long-awaited initial public offering of Chinese e-commerce giant Alibaba has caused.

Philippine-based GT Capital Holdings Inc, which is owned by tycoon George Ty, announced its interest in contesting SM Group's PHP54.5-million proposal for the 300-hectare reclamation project in Pasay City.

Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.

England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.

Google Inc will be increasing its marketing reach by opening Winter Wonderlabs in six cities. The outlets will feature the search giant's products like the Nexus 7, Chromebook and Chromecast.

Washington-based private equity firm Carlyle Group LP expressed its interest on bolt-on acquisitions in Malaysia, citing its very good experience with the acquisition of Davex Holdings Bhd last year.

The National Bank of Greece is close to finalizing an agreement to sell its fully-owned real estate business Pangaia to private equity firm Invel Real Estate.