Deutsche Bank's New Co-CEO Delays Strategy Update 

Deutsche Bank's incoming co-Chief Executive John Cryan postponed a detailed presentation of the giant German lender's new strategy to the end of October.

 
Brookfield Eyes $6.8 Billion Takeover of Australia's Asciano 

Australian port-and-rail operator Asciano received a $6.8 billion offer from Brookfield Infrastructure Partners L.P. that would, if successful, be one of Asia's biggest takeover deals so far this year.

 
Portugal's Novo Banco Received Three Binding Offers 

Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks.

 
Samsung Affiliates Clear Legal Hurdle for Merger 

A South Korean court rejected a motion by a U.S. hedge fund to block a planned $8 billion takeover deal at the Samsung conglomerate that is widely viewed as part of a transfer of management control at the nation's biggest business entity.

 
Alibaba Strikes Entertainment Deal in China 

Alibaba, DMG Entertainment and Hunan Satellite Television are striking a deal to expand subscription-based Internet, cable and mobile entertainment to Chinese consumers.

 
Arrested Toyota Executive Resigns 

Toyota Motor managing officer Julie Hamp, who was arrested last month in Tokyo on suspicion of violating Japan's drug laws, has resigned.

 
Xiaomi Gets New CFO 

Shou Zi Chew joins Xiaomi as chief financial officer, another senior executive at the Chinese phone maker with an international background.

 
Airports Commission Backs Third Heathrow Runway 

London Heathrow airport has won the backing of a government-appointed panel for a third runway to address a looming runway capacity shortage that has threatened to stifle Europe's biggest market for trans-Atlantic flights.

 
Airbus: China To Buy 45 A330 Widebody Jets 

Airbus Group SE Tuesday it has secured a deal with China for the sale of up to 75 A330 widebody jets.

 
South Africa Raises Cash for Ailing State Utility 

South Africa's government has sold its 14% stake in mobile operator Vodacom, raising around $2 billion in cash to help refinance the country's beleaguered state-owned power provider Eskom.

 
BNP to Pay Investor Almost $17 Million 

An arbitration panel ordered the U.S. securities unit of BNP Paribas to pay an investor couple almost $17 million in compensation for hedge-fund investment losses.