HTC, which is reeling from its first quarterly loss, is seeking to recover when it enters the smartwatch race using Google's Android OS.

Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.

Bill Gates bought a 6% stake in Spain's FCC for EUR 113.5 million. Billionaire Bill Gates had purchased a 6% stake in Spain-based construction firm Fomento de Construcciones & Contratas or FCC.

A report by Bloomberg said at least three companies had been eyeing to acquire US planemaker Beechcraft Corp.

RadioShack Corp received a five-year financing worth USD 835 million. Consumer electronics company RadioShack Corp said it was able to get fresh financing from various lenders.

GDF Suez would be buying an ownership stake in 13 licenses in the Bowland basin of England from Dart Energy.

The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.

A Bloomberg report predicted that billionaire Carlos Slim could invest in telecom companies in Europe and Brazil after his botched buyout of Dutch telecom company Royal KPN NV.

Legoland Dubai's main promoter is seeking to raise funds through an IPO set in the London Stock Exchange.

Uniqa Insurance would be purchasing Baloise Holding's Croatian and Serbian units in a deal worth EUR 75 million.