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 

Germany's biggest auto makers have clinched a deal to buy Nokia's digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a €2.8 billion ($3.1 billion) acquisition.

 
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.

 
Allianz-Led Consortium to Buy Back Tank & Rast 

A consortium headed by Allianz's infrastructure arm is set to spend more than $3.84 billion to buy a highway service station chain that it sold for about a third of that sum a decade ago, people familiar with the matter said.

 
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 China's stock markets saw one of their steepest selloffs last month.

 
China Proposes to Keep Online Payments in Check 

Draft rules for online payments issued by China's central bank look set to hamper the growth of services offered by the likes of Alibaba's financial affiliate and Tencent

 
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.

 
Li Ka-shing's Cheung Kong Property Plans to Sell Shanghai Project for $2.6 Billion 

A property developer backed by Hong Kong billionaire Li Ka-shing has put an office and retail property project in Shanghai up for sale, according to two people familiar with the matter.

 
One of Citadel's China Accounts Suspended 

U.S.-based hedge fund firm Citadel said trading in one of the accounts it manages in China has been suspended, as regulators there battle a steep slide in stock prices.

 
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.

 
Didi Kuaidi to Get Backing From China Investment Corp. 

China's homegrown ride-hailing service, Didi Kuaidi, is getting an influential backer in its battle against Uber: sovereign-wealth fund China Investment Corp.