Business Strategy Contracts

  • Stephen Clark, TransCanada's senior vice president for Canadian natural gas pipelines, said cheaper tolls are crucial if companies in areas like the Montney and Duvernay shale plays are to compete with U.S. gas producers in eastern markets. The new toll would be a 42 percent cut from the current shipping price of roughly C $1.41 a gigajoule to go from Alberta and...

  • Paul McCartney performs on stage during the 'One on One' tour at KeyArena on April 17, 2016 in Seattle, Washington.

    Paul McCartney has inked a deal with Capitol Records, the label where he first began his decades-long career.

  • PARIS, Aug 17- Canada's Brookfield Asset Management has signed a preliminary contract to buy Brazilian engineering conglomerate Grupo Odebrecht's 70 percent stake in water and sewage group Odebrecht Ambiental, an industry source told Reuters on Wednesday. Odebrecht S.A. will cash out 3.4 billion real, he added. Odebrecht Group will retain the right to...

  • WASHINGTON, Aug 16- A U.S. agency's plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing to a years-long battle that could take a Supreme Court test to settle. "If you see a final rule that is substantially similar or identical to the proposed rule there is a very high likelihood that there will be an...

  • *LME works with World Gold Council and five banks. The 139- year old exchange is working in collaboration with the World Gold Council, an industry body backed by gold mining companies such as Barrick Gold and Goldcorp, and is supported by five banks and proprietary trader OSTC, which have committed to provide liquidity. London currently dominates the global...

  • WASHINGTON, Aug 4- As the U.S. Treasury Department decides whether to license sales of Boeing Co and Airbus commercial aircraft to Iran, opponents of last year's nuclear pact with the Islamic republic have launched a lobbying campaign against the deals. The international agreement to curb Iran's nuclear program made such sales possible by easing sanctions on...

  • *OMV, Iran signed MoUs in May. VIENNA, Aug 3- Iran's oil contracts are not yet fit for Austrian energy group OMV to invest in planned projects in the country, which hopes foreign investment will revamp its ageing oil infrastructure, OMV's chief executive told Reuters on Wednesday. In May, four months after most international sanctions against Iran were lifted after...

  • NEW YORK, Aug 2- A U.S. appeals court on Tuesday upheld a decision confirming a $465 million judgment won through arbitration by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming a $300 million arbitration award for KBR's COMMISA unit in Mexico even...

  • NEW YORK, Aug 2- A U.S. appeals court on Tuesday upheld a decision confirming a $406 million arbitration award won by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming an award of $300 million even though a Mexican court had nullified it, and upheld a lower...

  • July 28- India's Tata Sons Ltd said it expected to deposit $1.17 billion with the Delhi High Court on Friday, the money it was ordered to pay Japan's NTT DoCoMo Inc by an international arbitration court last month. India's central bank, however, rejected Tata's offer, saying a rule change in the previous year prevented foreign investors from selling stakes in...

  • SAN FRANCISCO, July 29- A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief executive. Spencer Meyer, a Connecticut passenger and the lead plaintiff who filed the lawsuit, was subject to a user agreement requiring that...

  • SAN FRANCISCO, July 29- A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief executive. Spencer Meyer, the Connecticut passenger who filed the lawsuit, was subject to a user agreement requiring that disputes with San...

  • July 28- India's Tata Sons Ltd said it expected to deposit $1.2 billion with the Delhi High Court on Friday, the money it was ordered to pay Japan's NTT DoCoMo Inc by an international arbitration court last month. India's central bank, however, rejected Tata's offer, saying a rule change in the previous year prevented foreign investors from selling stakes in...

  • July 28- Eli Lilly and Co said it received a civil investigative demand from the U.S. attorney's office for the southern district of New York, requesting documents and information relating to contracts with pharmacy benefit managers. Pharmacy benefit managers, which administer drug benefits for employers and health plans and also run large mail-order...

  • July 28- Eli Lilly and Co said it received a civil investigative demand from the U.S. attorney's office for the southern district of New York, requesting documents and information relating to contracts with pharmacy benefit managers.

  • NEW DELHI, July 27- India signed a contract on Wednesday to buy four maritime spy planes from Boeing Co for about $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean. India has already deployed eight of the long-range P-8I aircraft to track submarine movements in the Indian Ocean and on...

  • TORONTO, July 18- Canada's main stock index rose on Monday as banks, some consumer stocks, industrials and materials gained, while energy shares weighed with lower oil prices. The most influential movers on the index included Valeant Pharmaceutical International Inc, which jumped 5.3 percent to C $31.13 after a company it has a licensing agreement with...

  • SHANGHAI, July 13- Chinese stocks edged up on Wednesday, with investors shrugging off the impact of an international tribunal's ruling that denied China's claims in the South China Sea. The Permanent Court of Arbitration in the Hague ruled in favour of the Philippines in a longstanding case, saying China had breached the Philippines' sovereign rights by...

  • Traders said the market was little fazed by fears of a spike in regional political tensions after an international arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea. The People's Bank of China set the midpoint rate at 6.6891 per dollar prior to the market open, 0.09 percent firmer than the previous fix of...

  • CARACAS, July 6- Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations. The companies said they were filing under a bilateral investment treaty between Spain and Venezuela signed...