There is likely to be a wave of consolidations in China's beverages market as it responds to the USD 5 billion alliance of Tingyi and PepsiCo, according a report from Rabobank. Smaller, ‘second tier' beverages players will be affected most by the new alliance, as they struggle to compete with Tingyi-PepsiCo's - as well as fellow beverages giants Coca Cola and Wahaha - established advantages in brand equity, distribution networks, supply chains and investment capital.

Rosneft today announces that it has entered into an agreement in principle with BP to acquire its 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury.

The investor will take a stake through a German holding company in an all cash-for-equity investment...

Getty Images, a global creator and distributor of still imagery, video and multimedia products today announced the completion of its acquisition by The Carlyle Group (NASDAQ: CG), in a transaction valued at approximately $3.3 billion.

The exercise of fundraising is about selling a project to a demanding guest, since his job is just to filter the projects that have the potential and «sniff nuggets» ...