Strategic Alliances


  • BUENOS AIRES, 18 Feb- Argentine state-run oil company YPF said Tuesday that it had signed a memorandum of understanding for Malaysian energy company Petronas to invest in its massive Vaca Muerte shale formation.

  • *Peugeot and Dongfeng to announce tie-up- sources. PARIS, Feb 18- PSA Peugeot Citroen and China's Dongfeng have agreed a 3 billion euro capital tie-up that buys the French carmaker more time to turn its business around, brings in new management and ends two centuries of family control.

  • SHANGHAI, Feb 18- China's Dongfeng Motor Group Co Ltd and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising that will end the Peugeot family's control of the 200- year-old French carmaker, a source said.

  • By Gilles Guillaume and Laurence Frost. PARIS, Feb 17- PSA Peugeot Citroen's founding family gave the go-ahead on Monday for a 3 billion euro tie-up with China's Dongfeng that would draw a line under one of France's oldest industrial dynasties, sources said.

  • PARIS, Feb 13- PSA Peugeot Citroen and Banco Santander are close to agreement on a European car loans alliance that the French carmaker plans to unveil alongside a recapitalisation deal with Chinese partner Dongfeng, sources said on Thursday.

  • MUMBAI, Feb 12- India's Piramal Enterprises Ltd said it will join with Canada Pension Plan Investment Board to set up a $500 million fund to finance residential property projects in India.

  • *Peugeot-Dongfeng talks to enter final stage in China. PARIS, Feb 7- PSA Peugeot Citroen negotiators and French government officials are leaving for China this weekend, sources familiar with the matter said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor Group.

  • VANCOUVER, Feb 6- At a time when major miners have turned gun-shy on acquisitions after a rash of value-busting deals, two big players made it clear last week that they are still keen to partner with junior firms on high-quality, early-stage projects.

  • *Chairman Thierry Peugeot had championed alternative plan. PARIS, Feb 6- PSA Peugeot Citroen's board has given Chief Executive Philippe Varin its backing to continue tie-up talks with China's Dongfeng Motor Group, the French carmaker said on Thursday.

  • TOKYO, Feb 3- Japan's Nikkei share average fell to a fresh 2 1/ 2- month low on Monday, extending last week's declines with little sign that emerging market woes have abated, and upcoming U.S. jobs data keeping investors risk-shy. Analysts said that they had expected a sharper sell-off in Tokyo on Monday after seeing the Nikkei futures closed at 14,610 in Chicago.

  • ABU DHABI, Feb 2- Etihad Airways and Alitalia are in the final phase of due diligence for a possible investment by the Abu Dhabi carrier in the troubled Italian airline, the companies said on Sunday.

  • DIARY - Top economic events to Feb 8 Monday, 27 Jan 2014 | 7:02 PM ET

    Jan 27- For other related diaries, please. BRUSSELS- Meeting of the Economic and Financial Affairs Council. BRUSSELS- IMF Managing Director Christine Lagarde, German Finance Minister Wolfgang Schauble and Spanish Economy Minister Luis de Guindos will attend the IMF Book launch function titled "Jobs and Growth: Supporting the European Recovery"- 0700 GMT.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • MUMBAI, Jan 26- Karl Slym, managing director of India's Tata Motors Ltd, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said. Tata Motors recently introduced a new petrol engine for its passenger vehicles and has been planning to launch a new hatchback and compact sedan this year, its first new branded passenger vehicles since 2010..

  • Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it would "defend its rights" in Indonesia against a new export tax it said contravenes its agreement with the government, as it reported a drop in fourth-quarter earnings.

  • BEIJING/ SHANGHAI, Jan 22- German automaker Daimler AG will become the first foreign, non-financial company to issue bonds in China's domestic market, two sources close to the deal told Reuters on Wednesday.

  • PARIS/ LONDON, Jan 20- French carmaker PSA Peugeot Citroen has taken a decisive step towards a tie-up with China's Dongfeng Motor Co., as the board approved the outlines of a contentious survival plan that divided the founding Peugeot family.

  • TOKYO/ HONG KONG, Jan 16- A joint venture between U.S. investment bank Morgan Stanley and Japan's Mitsubishi UFJ Financial Group, which suffered from a culture clash in its early stages, looks to have found its footing.

  • COPENHAGEN, Jan 14- Danish biotech company Genmab has entered into a research collaboration with U.S. pharmaceutical company Eli Lilly involving its DuoBody technology platform.

  • SINGAPORE, Jan 9- Singapore Airlines has chosen Airbus's A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over rival Boeing as the airline market Asia's third biggest economy shows signs of a revival.

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