Heather Nickel

Swedish private equity firm EQT said Monday that its EQT VI fund will buy UC4, the world's largest independent IT process automation software vendor, from Carlyle Europe Technology Partners and founder Franz Beranek for an enterprise value of 220 million euros ($270.3 million).

Talks with U.S. authorities to settle allegations that Julius Baer Group AG (BAER.VX) helped Americans evade taxes won't be directly affected by the purchase of Merrill Lynch's wealth management business from Bank of America Corp. (BAC), but the Swiss bank's chief executive hopes that any impact

German utility E.ON AG (EOAN.XE) Monday warned that muted energy demand in Europe continues to weigh on its power-generation business and pledged to respond to the deteriorated market environment by reducing operating costs and examining further power-plant closures.

The Hong Kong high court on Monday ordered protesters occupying the ground floor of HSBC Holdings PLC's (HBC) headquarters to evict their encampment by the end of August.

OAO Gazprom Neft (SIBN.RS), the oil unit of state gas giant OAO Gazprom (GAZP.RS), said Monday that net profit for the first half increased 0.4% on last year to 78.7 billion Russian rubles ($2.47 billion), on the back of increased hydrocarbon production and higher oil-refining volumes.

NSW Sugar Milling Co-operative has held talks with potential bidders for the grower-owned business in the wake of a combined US$2 billion worth of deals for Australian sugar producers, and is open to a sale at the right price, Chief Executive Chris Connors said.

Philippine conglomerate San Miguel Corp. (SMC.PH) said Monday its net profit in the first half rose 31% to PHP14.1 billion pesos ($336.7 million) lifted by strong performance at its brewery and energy units.

Banks' use of the European Central Bank's overnight deposit facility was higher Friday compared with the previous trading day, but deposits in the current account decreased by a similar amount, ECB data showed Monday.

Senior officials from the Group of 20 largest economies are discussing calling a meeting of an emergency forum to try and coordinate a response to surging food prices due to a severe drought in the U.S., the Financial Times reports Monday.

Hyundai Heavy Industries Co. (009540.SE), the world's largest shipbuilder by sales, Friday posted a 83% on-year slump in second-quarter net profit as lower prices for vessels and reduced shareholding gains from affiliates including Hyundai Oilbank cut into the bottom line.