Strategic Alliances


  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies in the first deal outside of Israel. Israel's Delek Group, through its units Avner Oil Exploration and Delek Drilling, holds a 31.25 percent share.

  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies for the first deal outside of Israel. Albemarle- at their facilities near the Dead Sea, Noble Energy said on Wednesday.

  • European shares steady; Peugeot surges Wednesday, 19 Feb 2014 | 3:21 AM ET

    PARIS, Feb 19- European shares were steady in early trade on Wednesday, underpinned by strong gains in PSA Peugeot Citroen after the French carmaker announced a partnership with a Chinese rival. But Peugeot dominated, rising 8 percent as traders cited short-covering on the stock following the 3 billion euro capital tie-up with China's Dongfeng.

  • 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.

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