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Strategic Alliances

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  • UPDATE 1-Microsoft Xbox One to launch in China Sept 23 Wednesday, 30 Jul 2014 | 6:26 AM ET

    SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third biggest gaming market after a ban on the devices was lifted this year.

  • DETROIT, July 28- General Motors Co has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co's still-sizable lead in meeting future U.S. fuel-economy standards, supplier sources said on Monday.

  • TURIN, Italy, July 23- Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen, saying the idea had never been on the agenda. A German magazine earlier this month reported Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group.

  • *U.S. sanctions on Russia include Rosneft, Exxon's partner. OSLO, July 21- An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for Exxon Mobil Corp..

  • *U.S. sanctions on Russia include Rosneft, Exxon's partner. OSLO, July 21- An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil.

  • Tumbling car sales in Russia dampen fanfare for new sedan Wednesday, 16 Jul 2014 | 8:18 AM ET

    TOGLIATTI, Russia, July 16- To the pounding beat of house music and a triumphant trip down memory lane, the launch of Datsun's on-Do family sedan at Russia's largest automaker on Monday was hailed as a sure success.

  • FORTALEZA, Brazil, July 15- On the eve of the signing of a deal to launch a joint development bank, the BRICS nations have still not agreed on where the lender will be headquartered, a senior official involved in the talks told Reuters late on Monday. The five nations are Brazil, China, India, Russia and South Africa.

  • FARNBOROUGH, England, July 14- Engine maker GE expects $30 billion of orders for itself and joint venture CFM during the Farnborough Airshow and said it was the right decision that the A330neo plane launched by Airbus would be powered only by engines from rival Rolls-Royce.

  • BEIJING, July 7- Airbus Group NV's helicopter division sealed a deal on Monday to sell 123 helicopters to Chinese companies during German Chancellor Angela Merkel's China visit.

  • UPDATE 1-Alstom minority investors criticise GE deal Tuesday, 1 Jul 2014 | 2:54 PM ET

    *Say they lack information on valuation of Alstom's assets. PARIS, July 1- Minority shareholders in Alstom criticised its planned tie-up with General Electric, saying they had not been given enough information, and some voiced concern about the French government's influence as a result of the deal.

  • DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

  • TOKYO, July 1- AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel markets.

  • CARACAS, June 26- Protesters blocking the railroad of Colombia's largest coal miner, Cerrejon, ended their protest late on Thursday after reaching an agreement with the company, the manager of the third-party contractor that employs them told Reuters. The company is a joint venture between Anglo American Plc, BHP Billiton and Glencore Xstrata Plc.

  • Jeep to enter India market in 2015 - executive Thursday, 26 Jun 2014 | 2:40 PM ET

    CHELSEA, Mich., June 26- Fiat Chrysler Automobiles will begin selling Jeep, the SUV brand central to its global expansion, in India in 2015, the brand's chief, Mike Manley, said on Thursday. Manley said the original plan was for Jeep to enter the India market in late-2013, but that was delayed because he did not feel the brand would enter the market strongly at the time.

  • Alstom and GE chiefs celebrate "three-fold win" Tuesday, 24 Jun 2014 | 1:23 PM ET

    BELFORT, France, June 24- In a joint trip to the eastern town of Belfort that is the cradle of their cooperation in France, the bosses of Alstom and General Electric defended their tie-up as good for business, jobs and France.

  • *Alstom to get $10 bln in cash as part of GE deal. PARIS, June 23- France will be making a sound investment by taking a stake in Alstom, its chief executive said on Monday, adding however that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

  • *France agrees Alstom stake option with Bouygues. PARIS, June 22- France won an option to buy 20 percent of Alstom from construction group Bouygues on Sunday, in an eleventh-hour deal clearing the way for the agreed sale of Alstom's energy business to General Electric.

  • *France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.

  • Daimler will set up production capacity at a plant operated by its alliance partner Nissan in Aguascalientes northeast of Guadalajara, the magazine cited unnamed company executives as saying. Daimler and Nissan declined to comment.

  • *French state to take 20 percent stake in Alstom. PARIS, June 20- France chose General Electric to form an alliance with Alstom on Friday- rejecting an offer from Siemens and Mitsubishi Heavy Industries- but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company.