Mercuria Energy Group Ltd, one of the world's largest independent energy traders, located in Geneva, Switzerland had bought Florida-based carbon offset project developer MGM International from investment bank Morgan Stanley (MS). Under the terms of the transaction, Mercuria has purchased all of the equity in MGM International Group from Morgan...

French hotels company, Accor SA, Europe’s largest hotelier will replace Gilles Pelisson as chief executive officer after the current CEO had differences with the board, Europe head Denis Hennequin as new CEO. Board of Directors meeting on November 2, 2010, the Board and Gilles Pélisson, Chairman & CEO of Accor,...

Toronto-Dominion Bank (TD.TO) has named Mike Pedersen to head its wealth management division, replacing Bill Hatanaka. Mike is responsible for TD’s wealth management businesses as well as the bank’s direct channels (online, phone, ATMs) and corporate shared services (IT, real estate, strategic sourcing, corporate security, and the project management office)....

Qatar Airways' chief executive Akbar Al Baker called for greater access for the rapid expanding Qatar Airways to the Canadian market, We have Canadian companies trying to sell us equipment. But trade is a two-way street. We will give them trade, in return we want to access their markets. "They...

Auto component maker Ingersoll Rand (IR), plans to invest $100 million over the next three years to set up a factory in southern India to manufacture parts for air conditioning systems, head of India operation Venkatesh Valluri said. Local manufacturing, innovation and market-centric product development are the key focus areas...

Japanese social media website operator, DeNA Co., is to acquire ngmoco Inc for $400 million, an unlisted U.S. developer of games and applications for smartphones. DeNA's acquisition of ngmoco will fuel its rivalry with US firm Zynga - set to become one of the defining battles of cross-platform social gaming...

Canada's Ontario Teachers' Pension Plan, which controls a $96.34bn portfolio, is plotting a bid to spoil BHP Billiton's (BHP) (BLT.L: Quote) $40 billion hostile takeover offer for Potash Corp (POT), the worlds top fertilizer maker. London-based BHP launched a 40 billion US dollars (£25 billion) bid for Canada's PotashCorp in...

OAO Polymetal (PMTLq.L), one of Russia's largest gold and silver producers, wants to boost the liquidity of its stock and is eying options including a share issue overseas (United States or Canada), a merger with another firm, a reverse takeover and the transfer of Polymetal (PMTL.MM) assets to a British-listed...

Taiwan's media and broadcasting regulator is set to approve private-equity firm Carlyle Group L.P.'s $1.14 billion sale of  Taiwan cable TV unit Kbro Co. On July 26, the Tsai Family, which controls Fubon Financial Holding Co. (2881.TW), said it was in talks with Carlyle to buy Kbro TV and was...