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Strategic Alliances

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  • DTCC and Euroclear plan collateral services tie-up Tuesday, 6 May 2014 | 1:43 PM ET

    LONDON, May 6- Financial markets post-trade services providers the Depository Trust& Clearing Corporation and Euroclear have proposed a joint venture that will simplify the settlement of trades and ease access to collateral, the two companies said on Tuesday.

  • The measure, proposed on Wednesday amid U.S. concerns over Russia's actions in Ukraine, authorizes Defense Secretary Chuck Hagel to spend $220 million to begin developing a liquid rocket engine that would be made available to all U.S. space launch providers.

  • TOKYO/ WASHINGTON, April 22- U.S. Trade Representative Michael Froman arrived in Japan earlier than expected on Wednesday, Japanese media, for a last ditch push for a two-way deal seen as crucial to efforts to create one of the world's biggest trade pacts.

  • WASHINGTON/ TOKYO, April 22- A meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe this week in Tokyo may not seal one of the world's biggest trade pacts, but it could give it a much-needed boost.

  • OSLO, April 22- Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance for their subsea divisions in an attempt to reduce costs as their customers- oil companies around the world- cut back on spending.

  • April 16- Fiat Chrysler Automobiles will announce an agreement by the end of April to allow production of Jeep models in China, the head of the Jeep brand, Mike Manley, said on Wednesday.

  • UPDATE 1-Russian car sales flat in March - AEB Tuesday, 8 Apr 2014 | 8:53 AM ET

    MOSCOW, April 8- Russian car sales were flat in March from a year earlier, a lobby group for the industry said on Tuesday, showing some sign of stabilisation after two months of falls. Car sales have been falling as Russia's economy falters and people delay making large purchases, and they are expected to remain weak this year.

  • *Japan's Abe says wants further progress with Australia. TOKYO, April 7- Japan and Australia are near to reaching a trade deal just as Tokyo's parallel talks with the United States heat up, adding impetus to stalled negotiations over an ambitious Pacific trade pact.

  • *Bank of China to be Deutsche Boerse clearing partner-sources. FRANKFURT, March 28- Deutsche Boerse and Bank of China are set to sign a strategic partnership agreement that would make it easier for Chinese and European investors to gain access to each other's capital markets, two sources with knowledge of the matter told Reuters on Friday.

  • *Cargill gains access to sugar in top producer Brazil. *Venture may limit options for smaller Brazil mills. Cargill will gain access to sugar in Brazil, the world's top producer, without the financial burden of buying and operating assets, while Copersucar will expand its global footprint and secure Cargill's market know-how, analysts said.

  • *Venture may limit options for smaller Brazil mills. LONDON, March 27- U.S.-based agribusiness and global commodities trader Cargill said it was forming a joint sugar trading business with Brazil's Copersucar, which is likely to be the world's largest.

  • PARIS, March 26- PSA Peugeot Citroen's tie-up with China's Dongfeng was signed on Wednesday, bringing the French carmaker much-needed cash and greater access to Asia but leaving major challenges ahead.

  • *Hyundai says to sign deal on Chongqing plant on Thursday. "Considering China's future demand growth outlook, we need to build a new plant to maintain our stable market share of 10 percent in China," Hyundai said in a statement on Wednesday.

  • *Hyundai seeks to build plant in Chongqing. Group chairman Chung Mong- koo will sign a preliminary deal on Thursday with the government of Chongqing city, where the proposed plant will be located, Hyundai said in a statement.

  • SEOUL, March 26- Hyundai Motor group chairman Chung Mong- koo plans to sign a preliminary deal on Thursday to build the automaker's fourth auto manufacturing plant in Chongqing, China, the company said.

  • MILAN, March 25- Google has teamed up with Ray-Ban maker Luxottica in a bid to turn its Internet-connected Glass spectacles into a widely-available, stylish consumer product.

  • Nissan and Daimler sign Mexico venture plan - source Friday, 14 Mar 2014 | 3:00 PM ET

    PARIS, March 14- Nissan and Daimler have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday.

  • TOKYO, March 14- IHI Corp, General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd which is more closely aligned with GE's competitors.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.