Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.» Read More
TEL AVIV, April 25- Israeli electronic defence firm Elbit Systems is establishing Sharp Elbit Systems Aerospace Inc, a jointly owned company in South Korea with Sharp Aviation K Inc.. Elbit Systems will own 19 percent with an option to grow to 50 percent ownership, the company said on Thursday.
LONDON, April 25- Shares in Vodafone rose 1.5 percent in early trade on Thursday after two sources said its joint venture partner in the United States, Verizon Communications, was working on a $100 billion bid to take full control of the asset.
DETROIT, April 25- Detroit Electric, the Michigan- based startup electric-car maker, said Thursday it will partner with China's Geely Automobile to develop electric cars for the Chinese market.
HELSINKI, April 17- Finnish mobile phone maker Nokia is expected to have trimmed its losses in the first quarter, thanks to rising Lumia smartphone sales and a turnaround at its equipment venture Nokia Siemens Networks.
*STMicro, Ericsson couldn't find a buyer for the JV. *Ericsson to take on loss-making 4 G chip product line. PARIS/ STOCKHOLM, March 18- STMicroelectronics and Ericsson will end their loss-making mobile chip joint venture ST-Ericsson by splitting parts of the business between them and closing the rest with the loss of about 1,600 jobs.
Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.
March 6- Nasdaq OMX Group Inc said it will form a marketplace for trading in shares in unlisted companies in a joint venture with SharesPost Inc, whose private trading platform has run into regulatory trouble. The new market, to be based in San Francisco, will launch later this year, pending regulatory approvals, and will be led by SharesPost founder Greg Brogger.
March 6- Nasdaq OMX Group Inc said it will form a joint venture with SharesPost Inc to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in the venture, Nasdaq Private Market. Specific terms were not disclosed.
WASHINGTON, March 4- Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants, their regulator said on Monday.
BUDAPEST, Feb 25- Hungarian drug maker Richter has formed a joint venture to market its products more effectively in China, according to a statement posted on the web site of the Budapest stock exchange on Monday.
SINGAPORE, Feb 22- Singapore's Wilmar International Ltd announced better-than-expected fourth-quarter net profit and a joint venture with fellow commodities firm Noble Group Ltd for Papua- focused palm projects. Wilmar reported net profit of $476.8 million for the three months ended in December, down 4.7 percent from $500 million a year earlier.
Feb 15- General Motors Co paid $119 million in September to buy back a 1 percent stake in its joint venture with its top Chinese partner SAIC Motor Corp, which it had given up ahead of its 2009 bankruptcy. However, SAIC retains a 51 percent share in the sales side of the business.
BEIJING/ STOCKHOLM, Jan 26- Sweden's Volvo said it will surpass Daimler as the world's biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Co.. Volvo will pay 5.6 billion yuan for a 45 percent stake in the JV, giving it access to China where it currently has only a minor presence.
BEIJING, Jan 26- Swedish heavy truck producer AB Volvo said on Saturday it had signed an agreement with China's Dongfeng Motor Group Co. to create a new commercial vehicle joint venture in China, pending official approval. AB Volvo said in a media release it would take a 45 percent stake for 5.6 billion yuan.
*Sun Life, Malaysia state investor to pay $597 million. *Deal to Insurer targeting southeast Asia.
*Harry Winston share down 2.8 percent to C $14.25 on TSX. Jan 17- Harry Winston Diamond Corp's plan to buy BHP Billiton's Ekati diamond operations in Northern Canada hit a snag on Thursday, with a minority partner filing a lawsuit to try to block the deal.
Jan 17- Harry Winston Diamond Corp said on Thursday that a minority partner in BHP Billiton's Ekati diamond mine in northern Canada has filed a lawsuit to try to stop the top diversified miner from selling the project to Harry Winston.
*To buy 98 pct in the venture from Aviva, CIMB Group. *CIMB to retain 2 pct stake. Jan 17- Canada's Sun Life Financial Inc and Malaysian state investor Khazanah will buy the Malaysian insurance joint venture of Britain's No.2 insurer Aviva Plc and lender CIMB Group.
Jan 17- Canada's Sun Life Financial Inc and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc's Malaysian insurance joint venture with lender CIMB for C $586 million. Sun Life and Khazanah will each pay C $293 million, the Canadian company said in a statement.
Jan 15- Automobile manufacturer Fiat said the chief executive of its China joint venture, Jack Cheng, will move to a new position within the group. "This is a planned succession," said Mike Manley, the Fiat-Chrysler executive in-charge of the Asia-Pacific region, at the Detroit auto show.