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Business Strategy Contracts

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • WASHINGTON, March 22- A U.S. Senate committee easily passed a bill on Wednesday to enable the nuclear regulator to license advanced nuclear reactors that backers say are safer than conventional plants and can help deal with a growing waste problem. The bill has brought together some Republicans eager to prevent the United States from falling behind China and...

  • *S.Korea' s KOGAS, Japan's Jera, China's CNOOC sign MOU. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate in the joint procurement of LNG." The unusual alliance of three buyers across three countries will pressure exporters like...

  • SEOUL, March 23- Three of Asia's top buyers of liquefied natural gas have agreed to work together to secure more flexible contracts when buying the commodity. Korea Gas Corp said in a statement on Thursday that it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate...

  • WASHINGTON, March 22- A U.S. Senate committee easily passed a bill on Wednesday to enable the nuclear regulator to license advanced nuclear reactors that backers say are safer than conventional plants and can help deal with a growing waste problem. The bill has brought together some Republicans eager to prevent the United States from falling behind China and...

  • TORONTO, March 21- Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery. The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper...

  • SANTIAGO, March 17- Chile's Escondida has agreed to meet with its union and made changes to its contract offer, it said on Friday, a move that could herald the first real sign of a breakthrough in a strike at the world's biggest copper mine. Local media said that the new offer included a higher bonus of $17,000, compared to the earlier offer of $12,000 and the $38,000...

  • March 16- Boeing Co said on Thursday it had signed a $3.4 billion contract with the U.S. government through which the U.S. Army and an international customer will buy the latest Apache attack helicopter-- the Apache' E' variant. The Army will get 244 re-manufactured Apaches while the international customer will receive 24 new ones, the company said in a statement....

  • LAS VEGAS— Contract negotiations between the Culinary Union and Palace Station management are expected to begin soon following an agreement to settle a series of labor cases filed with the nation's top labor arbiter. The first collective bargaining session must take place within 12 weeks from Monday, when the union and Las Vegas- based Station Casinos signed...

  • March 14- Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc, the company he founded and runs. The deal, with Los Angeles Times- parent tronc Inc, is a boost for the Washington Post as it looks to branch out from its...

  • March 14- Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc, the company he founded and runs. The deal, with Los Angeles Times- parent tronc Inc, is a boost for the Washington Post as it looks to branch out from its...

  • BAGHDAD, March 5- Britain agreed on Sunday to arrange 10 billion pounds in loans to finance infrastructure projects in Iraq over a 10 year period, a program that would only benefit British companies, an Iraqi minister said in Baghdad. Britain is a main partner in the U.S.-led coalition helping Iraq defeat Islamic State, the hardline Sunni group that overran about...

  • BAGHDAD, March 5- Britain has agreed to arrange 10 billion pounds in loans to finance infrastructure projects in Iraq over a 10 year period, Iraqi Acting Finance Minister Abdul Razzak al-Essa said on Sunday. Only British companies can be contracted to carry out projects funded by these loans, he told a news conference in Baghdad. Britain is a main partner in the...

  • Lopez Obrador, frontrunner in polls for the 2018 race, fought the overhaul of Mexico's state-run energy sector by the current government, saying the move to open the industry to private producers was anti-constitutional. A Lopez Obrador victory in 2018 could complicate Mexico's relations with top trade partner the United States and U.S. oil companies that...

  • LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centres around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday that it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to...

  • JAKARTA, Feb 20- Indonesia's mining minister Ignasius Jonan on Monday said the government can also bring Freeport-McMoRan Inc to arbitration if both sides fail to reach an agreement over a mining contract. Earlier on Monday, Freeport-McMoRan chief executive Richard Adkerson said the company may commence arbitration if it and the government cannot...

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said on Monday. Freeport said it hopes to resolve the dispute with the government, but it also reserved the right to start arbitration against the...