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Strategic Alliances

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  • 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...

  • Vimpelcom says still exploring deals in Italy Tuesday, 28 Oct 2014 | 7:22 AM ET

    MOSCOW/ MILAN, Oct 28- International telecoms group Vimpelcom said it was exploring possible transactions in Italy but had not reached any deals, following months of reports its Italian unit was seeking a tie-up with Hutchison Whampoa's 3 Italia. No conclusion to these discussions was reached, " Vimpelcom said in a statement to the U.S. Securities and Exchange...

  • SAN FRANCISCO, Oct 20- Apple Inc and IBM have signed up about 50 initial corporate clients for software solutions and apps developed jointly under their recently forged strategic alliance, chief financial officer Luca Maestri told Reuters. Their alliance is aimed at helping Apple delve more deeply into the business of serving corporate clients, a business...

  • Oct 16- Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. The deal will expand the venture's engineering and sales resources outside Japan and establish engineering centers in the United States...

  • Brazil takes Indonesia to WTO over chicken imports Thursday, 16 Oct 2014 | 4:10 PM ET

    GENEVA, Oct 16- Brazil launched a dispute at the World Trade Organization on Thursday to challenge Indonesian restrictions on Brazil's poultry meat exports, the WTO said. Brazil exported frozen chickens and chicken meat worth $7 billion last year, but Indonesia imported almost none and accounted for only $45,000 of Brazil's exports, according to a database of...

  • FACTBOX-Tesco CEO could buy time by selling assets Thursday, 16 Oct 2014 | 12:19 PM ET

    Tesco's most lucrative non- UK assets are its businesses in South Korea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally, as Casino did in Thailand. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth 5 billion pounds. Tesco has businesses in Poland, Hungary,...

  • SYDNEY, Oct 15- An Australian private equity firm is preparing the world's biggest listing of a cinema chain, in a shrinking market that's already the world leader in Internet piracy and is about to receive online streaming juggernaut Netflix. That comes ahead of an expected launch by Netflix in the home of Crocodile Dundee and Mad Max, threatening to speed up the...