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BP agreed to sell its interests in ethylene and polyethylene production in Malaysia to Petronas for $363 million in cash.

India's widening trade gap may eclipse forex market sentiment in the near-term, but prospects of capital inflows and strong economic growth may keep the outlook for the rupee bright in the medium-to-long-term, a strategist at Standard Chartered Bank told Reuters on Wednesday.

Suryoday Microfinance Pvt. Ltd, a Pune-based microfinance institution has successfully closed its Series B equity financing for a primary infusion of 175 million rupees together by Lok Capital and Aavishkaar Goodwell, as told to Microfinance Focus.

Intellectual Capital Advisory Services Private Limited (Intellecap) a Social Investment Banking and Advisory Firm has appointed Krishan Sree Kumar to the post of the company’s Chief Executive Officer (CEO) on Tuesday in Hyderabad, India.

The Commonwealth Bank of Australia (ASX: CBA) is all set for a core banking development project that will put the cost-to-income ratio for its retail banking as the lowest in the world.

FBR Capital Reiterates “Market Perform” Rating on Intel (NASDAQ: INTC) FBR Capital analysts reiterated a “market perform” rating on shares of ITNEL Corp (NASDAQ: INTC) citing the company’s recent purchase of Infineon. Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications. [...]

Charter Equity Downgrades Intel Corp (NASDAQ: INTC) to “Market Perform” Charter Equity analysts downgraded shares of Intel Corp (NASDAQ: INTC) from “Buy” to “Market Perform” saying that the company’s move was based on Intel’s downward revision of Q3 2010 revenue and weaker gross margins. Intel Corporation is a semiconductor chip maker, developing advanced integrated digital [...]

Citigroup, Inc (NYSE: C)’s War with Mike Mayo Continues CLSA analyst Mike Mayo has expanded his rhetoric in his battle with Citigroup, Inc (NYSE: C), issuing a note to investors saying that the large bank cannot be trusted to provide investors with accurate information about its financial condition or future plans to make money, and [...]

Gleacher & Co Reiterates “Buy” Rating on Intel Corp (NASDAQ: INTC) Analysts at Gleacher & Co reiterated their “buy” rating on shares of Intel Corp (NASDAQ: INTC) with a price target of $30.00 citing weakness in the PC market. Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, primarily integrated circuits, [...]

JPMorgan Chase & Co. (NYSE: JPM) Hires new Commodities Strategy Executive JPMorgan Chase & Co. (NYSE: JPM) has hired away former Curium Capital Advisors LLC Chief Executive Colin Fenton to work as the company’s new global head of commodities strategy. Mr. Fenton will report to Tom Schmidt, JPMorgan Chase & Co. (NYSE: JPM)’s head of [...]