HSBC to Sell Brazil Business for $5.2 Billion 

HSBC said it plans to sell its Brazil business to Banco Bradesco in an all-cash deal worth $5.2 billion as it reported a fall in its second-quarter net profit.

 
BMW, Daimler, Audi to Buy Nokia's Maps Business 

The German car makers have agreed to acquire the Finnish company's Here digital maps business at enterprise value of $3.1 billion.

 
Heineken Boosted by Emerging Markets 

Heineken reported a rise in profit and revenue as the Dutch brewer benefited from strong demand for its premium beers and from robust sales in emerging markets.

 
Commerzbank Profit Up on Revenue, Taxes 

Commerzbank's second-quarter net profit more than doubled as the German bank increased revenue and paid less tax.

 
Shire to Buy Foresight Biotherapeutics 

Shire has agreed to buy the privately held eye-drug company for $300 million in a deal that would add a promising treatment for pinkeye to a new line of business.

 
Chinese Firms Seek Multibillion-Dollar IPOs 

Two Chinese financial firms are gearing up for multibillion-dollar initial public offerings in Hong Kong, even as the country's stock markets saw one of their steepest selloffs last month.

 
Noble to Post Results Earlier 

Commodities trader Noble Group sought to allay investor fears about its financial health and said it would bring forward the date of its second-quarter results after its share price plunged by as much as 28% last week.

 
Verizon Contract Talks to Continue 

Verizon missed its midnight deadline to secure a deal with more than 37,000 union employees, but the unions said employees will keep working.

 
'China's Airbnb' Raises $300 Million in Funding Round 

Tujia.com raised $300 million in its latest funding round, underscoring strong investor demand for Chinese startups despite volatility in the country's domestic stock market.