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Strategic Alliances

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  • Censors loom over Sony PlayStation's China prospects Wednesday, 10 Dec 2014 | 6:19 PM ET

    Sony Corp should fear China's censors as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market.

  • SHANGHAI, Dec 11- Sony Corp should fear China's censors almost as much as rival Microsoft Corp as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market. The announcement, due to be made in Shanghai around 0900 GMT on Thursday, comes hot on the heels of the launch of Microsoft's Xbox console in...

  • Dec 10- The Financial Times and Madrid's IE Business School launched a joint venture on Wednesday aimed at corporate executives looking to expand their education. Several business schools across the world including the Yale School of Management and Antai Business School in China are taking part in the corporate learning program. The FT, which is owned by...

  • SAO PAULO, Dec 3- In a sign of the distortions plaguing Brazil's stagnant economy, a wide range of companies are sharply cutting back output of their main products to instead sell electricity back into the national grid because it is more profitable. Usiminas, Brazil's biggest producer of flat steel, said in its latest earnings report that revenues from...

  • BEIJING, Dec 3- The president of Sinopec Group's oilfield services unit has been dismissed and is currently under investigation, state media reported on Wednesday. State media reported last month that China's corruption watchdog had launched a series of inspections into state-owned enterprises and government bodies including Sinopec Group, the parent of...

  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • WASHINGTON, Dec 2- A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. military satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday. It also authorizes $63.7 billion in spending for U.S. wars overseas, mainly Afghanistan and the...

  • WASHINGTON, Dec 2- A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday. The measure also authorizes $63.7 billion in spending for U.S. wars overseas, mainly Afghanistan and the...

  • SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...

  • LONDON, Nov 19- ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market turmoil. ICAP, the world's largest interdealer broker, said in a joint announcement on Wednesday with Howe Robinson, one of the world's oldest shipbrokers founded in...

  • SYDNEY, Nov 19- Online movie streaming giant Netflix Inc said it will launch its service in Australia and New Zealand in March, fuelling pricing pressure on domestic broadcasters and media firms already fighting hard for home entertainment viewers. In a statement, Netflix said it will sell content in the region for streaming on televisions, tablets,...

  • CANBERRA, Nov 17- China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia. The deal, which Australia called the best ever between Beijing and a Western country, will open up Chinese markets to...

  • CANBERRA, Nov 17- China and Australia on Monday signed a declaration of intent on a landmark free trade deal more than a decade in the making, opening up markets worth billions to Australia and loosening restrictions on Chinese investment. China is already Australia's top trading partner, with two-way trade of around A $150 billion in 2013..

  • US, China reach landmark pact on pollution Wednesday, 12 Nov 2014 | 7:40 AM ET
    Chinese President Xi Jinping and U.S. President Barack Obama listen to their national anthems during a welcoming ceremony inside the Great Hall of the People in Beijing, China.

    China and the U.S. made common cause on Wednesday against the threat of climate change, staking out an ambitious joint plan.

  • JAKARTA, Nov 12- Indonesia's new government is launching a bid to convince sceptical foreign investors to pour billions of dollars into improving the country's dilapidated infrastructure, promising to reduce corruption and bureaucracy. Widodo, who started a five-year term on Oct. 20, used his first foreign trip to try to repair Indonesia's poor reputation,...

  • WASHINGTON, Nov 10- AT&T Inc has scrapped its plans to launch high-speed Internet service on commercial flights in order to focus on international expansion and video offerings, the company said in a statement on Monday. On Friday, the carrier announced a $1.7 billion acquisition of Mexican operator Iusacell, AT&T's second major acquisition this year...

  • Mark Sirangelo, who leads the space division of privately held Sierra Nevada Corp, told industry executives Thursday that he expected the industry to learn from the accidents and urged a measured response by lawmakers. The U.S. Air Force is also working to certify privately held Space Exploration Technologies, or SpaceX, to launch big military and spy...

  • LONDON, Nov 5- Trading house Mercuria aims to sell a stake of up to 20 percent to a strategic partner in the second quarter of 2015 after it completes integration with the newly acquired assets of JPMorgan, its chief executive said. The company has been working on the placement for a couple of years but it had to be postponed after Mercuria decided to acquire the...

  • Lilly, Boehringer revise terms of diabetes drugs alliance Wednesday, 29 Oct 2014 | 8:55 AM ET

    Oct 29- Eli Lilly and Co and German drugmaker Boehringer Ingelheim said they had revised the structure of their diabetes alliance for some countries. Under the alliance signed in 2011, the companies had agreed to develop and market diabetes drugs together. Boehringer and Eli Lilly said on Wednesday that they would continue joint development and marketing of...

  • Oct 28- Alevo Group, which has kept its energy storage technology secret for a decade, unveiled it on Tuesday, and said it has struck deals aimed at deploying its batteries in power grids in China and Turkey. The Martigny, Switzerland- based company has yet to sign up any U.S. customers but said on Tuesday that it has reached a deal with China-ZK International Energy...