Stocks Drop 1% as Fed Tapering Fears, Weak China Data Rattle Markets
Strategic Alliances
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HONG KONG, May 20- Shares of China Mengniu Dairy Co Ltd surged 8.6 percent to a 17- month high on Monday after the Chinese dairy products maker said Danone Group would invest in the company and team up in developing yoghurt products in China.
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Opponents of the $68 billion bullet train project and attorneys for the California High-Speed Rail Authority submitted their agreement to a Sacramento County Superior Court judge. That allows Judge Michael P. Kenny to begin hearing arguments May 31 in a lawsuit filed in 2011 by Kings County.
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May 7- Dow Chemical Co has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture. Last year the International Chamber of Commerce's International Court ruled that PIC had violated its agreement with Dow Chemical.
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The project will take liquefied petroleum gases from a storage complex run by Lone Star in Mont Belvieu, Texas, via Sunoco's existing pipeline to its terminal in Nederland, Texas, which has round-the-clock access to vessels in the Gulf Coast.
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May 6- Puerto Rico business groups and some municipal governments are teaming up against a proposed $1 billion overhaul of a sales and use tax that is a key component of a budget proposal meant to cut a large deficit in the debt-ridden economy. Puerto Rico's debt is one of the riskier alternatives in the $3.7 trillion U.S. municipal bond market.
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May 6- RioCan Real Estate Investment Trust:. *Announces dissolution of joint venture agreement with Retail Properties of. eight Retail assets in Texas from 80% to 100%.
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May 6- Nasdaq Omx Group Inc:. *Nasdaq Omx and world steel exchange marketing announce strategic partnership. products to be traded on Nasdaq Omx futures exchange.
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May 2- Apollo Global Management LLC:. *Management and Apex Energy announce strategic partnership to invest in oil&. *Says partnership focused on Appalachian Basin opportunities.
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--Russian dairy producer OJSC Unimilk Co, which is controlled by French food group Danone Group, and French logistics company NDL International, which is controlled by French transport group Norbert Dentressangle, to form a logistics joint venture.
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May 2- China Automotive Systems Inc:. *Wins multi-year contract with SAIC-GM-wuling. *Says no other terms of the agreement were disclosed.
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*Microwave trading networks launched from London to Frankfurt. Traders, who make money by exploiting tiny, lightning-fast price changes on exchanges, are now targeting Europe and Asia after skirmishing in the United States.
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*Kirchner Group, Crestline Investors in joint venture. NEW YORK, May 1- Merchant bank Kirchner Group and Crestline Investors Inc, a hedge fund secondary buyer with $7.3 billion under management, have teamed up to launch a joint venture aimed at taking over management of so-called zombie funds from their original private equity sponsors.
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CAIRO/ DUBAI, May 1- A proposed tie-up between Egypt's largest investment bank EFG Hermes and Qatar's QInvest has been terminated after the two parties failed to receive regulatory approval for the transaction in Egypt.
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*Private hiring rises by 119,000 jobs in April. NEW YORK, May 1- U.S. companies hired the smallest number of employees in seven months in April while manufacturing growth slowed, providing more signs that the economy is encountering a soft patch.
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*Private hiring rises by 119,000 jobs in April* Two reports show manufacturing growth slowed* Slower economic growth seen keeping Fed on course. NEW YORK, May 1- U.S. companies hired the smallest number of employees in seven months in April while manufacturing growth slowed, providing more signs that the economy is encountering a soft patch.
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*Microwave trading networks launched from London to Frankfurt. Traders, who make money by exploiting tiny, lightning-fast price changes on exchanges, are now targeting Europe and Asia after skirmishing in the United States.
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*Microwave trading networks launched from London to Frankfurt. Traders, who make money by exploiting tiny, lightning-fast price changes on exchanges, are now targeting Europe and Asia after skirmishing in the United States.
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DUBAI, May 1- The Meydan Group and the Sobha Group, two conglomerates in Dubai, said on Wednesday they had agreed to form a joint venture to develop a major leisure, retail and residential complex adjacent to the city's downtown area.
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April 30- BioExx Specialty Proteins Ltd:. *Provides update on strategic partner process. *Signed a letter of intent with its proposed rapeseed processing.
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DUBAI, April 30- Royal Dutch Shell will form a joint venture with the Abu Dhabi National Oil Company to develop the emirate's Bab sour gas reservoirs, a venture in which the Anglo-Dutch firm will take 40 percent.