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Business Strategy Contracts

  • TORONTO, July 25- Freeport-McMoRan Inc said on Tuesday that it was encouraged by recent progress in talks with Indonesia to resolve a lengthy permit dispute for its massive Grasberg mine, but if a long-term deal cannot be reached, it will pursue arbitration. Arizona- based Freeport, the world's biggest publicly listed copper miner, also reported second-quarter...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes that otherwise may turn into class-action lawsuits. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by the Consumer Financial Protection Bureau.

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day comment period on...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator may allow companies to apply more flexible local content rules to pre-existing exploration and production contracts, the agency chief said on Tuesday, in a bid to revive projects put on hold by oil majors due to costly requirements. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day...

  • RIO DE JANEIRO, July 18- Brazil's oil regulator is proposing a plan to allow companies to apply more flexible local content rules to pre-existing contracts, the agency chief said on Tuesday, in a bid to attract fresh investment by foreign oil majors into Latin America's top economy. Decio Oddone, director of oil regulator ANP, said the agency would open a 30- day...

  • July 18- A Carillion joint venture has won two separate British defence infrastructure contracts worth 158 million pounds, affording further relief to the crisis-hit construction company as it reviews its business. The award follows Monday's announcement that a consortium that includes Carillion has won a 1.4 billion pound contract to help build...

  • July 18- A Carillion joint venture has won two separate British defense infrastructure contracts worth 158 million pounds, affording further relief to the crisis-hit construction company as it reviews its business. The award follows Monday's announcement that a consortium that includes Carillion has won a 1.4 billion pound contract to help build...

  • How Steph Curry went from underpaid to second-highest-paid in the NBA

    Stephen Curry, the high-scoring point guard for the Golden State Warriors, recently became the second-highest-paid basketball player of all-time. Curry agreed to a $201 million contract to be paid out over the next five seasons. His salary for the 2017-2018 season will be just over $40 million.

  • MOSCOW, July 11- German engineering firm Siemens has filed lawsuits against its own Russian joint venture that produces turbines, and against a Russian state firm to which the venture sold turbines, according to court documents. The lawsuits were filed on Tuesday in the Moscow city arbitration court, according to the documents seen by Reuters.

  • WASHINGTON, July 10- The U.S. Consumer Financial Protection Bureau on Monday released a rule that would bar credit card companies, banks and other firms from requiring that customers agree to settle any disputes away from the courts and in arbitration as a condition of opening an account. The rule would also require companies to give the CFPB records of initial...

  • LUANDA, July 3- Angola's state oil company Sonangol will soon respond to an arbitration request by U.S. oil firm Cobalt which is seeking more than $2 billion from the African company after the two failed to reach an agreement on license deadline extensions on two deepwater blocks, a company official said on Monday. "We will within two weeks at most, give an answer to...

  • DAR ES SALAAM, July 3- Tanzania's parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Businesses have complained that they feel President John Magufuli is unfairly squeezing them through a strict interpretation of tax laws,...

  • DAR ES SALAAM, July 3- Tanzania's parliament passed two laws late on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. "Parliament has passed two legislation- the Natural Wealth and Resources and the Natural Wealth and Resources Contracts bills," the...

  • United Launch Alliance beats SpaceX to win Air Force launch

    United Launch Alliance closed a satellite launch contract against Elon Musk's SpaceX.

  • DAR ES SALAAM/ NAIROBI, June 30- Tanzania's parliament should pass legislation next week that would allow it to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister, Palamagamba Kabudi, told...

  • DAR ES SALAAM, June 30- Tanzania's parliament should pass three bills next week that would allow the resource-rich East African nation to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "We expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister,...

  • DAR ES SALAAM, June 30- Tanzania's parliament should pass three bills next week that would allow the resource-rich East African nation to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister,...

  • LONDON, June 26- Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd's of London Chief Executive Inga Beale said. The Lloyd's of London insurance market, which started life in Edward Lloyd's' coffee house in 1688, derives...

  • SAO PAULO, June 23- Brazil's state-controlled oil company Petrobras said on Friday it has resumed negotiations with Sete Brasil Participações SA over vessel contracts.