Strategic Alliances
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SHANGHAI, April 19- When Nissan Motor Co Ltd was preparing to launch the Venucia marque with its China venture partner two years ago, it sourced more components locally to keep costs down- and was sent mislabelled parts and sun visors that melted in the heat.
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SANTIAGO, April 8- Chile could boost copper exploration by encouraging state-owned giant Codelco, the world's biggest producer of the metal, to partner with private mining companies, industry executives said on Monday.
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WASHINGTON, April 5- Anheuser-Busch InBev and the U.S. Justice Department said on Friday that they have reached an agreement for a framework to settle their long-running beer brawl, and asked a court to extend a stay in their court fight until April 23.
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CARACAS, April 3- Venezuela's acting President Nicolas Maduro and opposition leader Henrique Capriles square off in an April 14 vote to succeed late leader Hugo Chavez. *Maduro entered politics in 2000 as a legislator in the National Assembly, where his combative defense of Chavez's policies made him one of the president's proteges.
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April 1- American Airlines and online travel agency Orbitz Worldwide Inc, which have been locked in a years-long dispute over travel distribution costs and methods, on Monday said they have reached an agreement resolving the litigation between them.
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NEW YORK, March 27- Swedish automaker Volvo Car will introduce its first all-new vehicle as a unit of China's Zhejiang Geely Holding Group Co Ltd in late 2014, Volvo Chief Executive Hakan Samuelsson said on Wednesday.
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HONG KONG, March 26- Hutchison Whampoa Ltd, a ports-to-telecoms empire owned by Asia's richest man Li Ka- shing, said on Tuesday it saw signs of recovery in major economies and the group's operating divisions would continue to invest and expand.
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HONG KONG, March 25- Hong Kong shares could start the week higher on Monday, with Chinese retailers in focus as sector bellwethers such as Belle, GOME and Li Ning post their 2012 results.
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WASHINGTON, March 20- A bipartisan group of U.S. lawmakers began a new attempt on Wednesday to pass legislation that puts pressure on China to change its currency practices, reviving an effort that previously failed to make it to the finish line.
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The bill is similar to legislation that passed the House of Representatives in 2010 and the Senate in 2011, but which died in Congress before it could reach President Barack Obama's desk to sign into law. Treasury Secretary Jack Lew was wrapping up a two-day visit to China, where he pressed Beijing to allow the yuan to rise further against the dollar.
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*Seller hoping for price tag of more than $2 billion. NEW YORK/ FRANKFURT, March 20- Specialty chemicals producer Rockwood Holdings Inc is preparing to launch a sale of two units that could fetch more than $2 billion, hoping to benefit from an uptick in the U.S. construction sector, people familiar with the matter said.
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*Miners under pressure to focus on core assets. *No quick fix seen for assets in problem commodities. LONDON, March 18- The "for sale" signs which have been hanging for months over Rio Tinto aluminium assets and its diamond mines are symptomatic of a bigger mining industry issue.
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*Chile's LAN and Brazil's TAM formed LATAM last year. Chile's LAN, already a member of oneworld, completed a takeover of Brazil's TAM last year, creating Latin America's biggest airline. The airline, based in Chilean capital Santiago, operates in Argentina, Brazil, Colombia, Chile, Ecuador and Peru.
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March 6- Nasdaq OMX Group Inc plans to create a market for trading shares of unlisted companies in a joint venture with trading platform SharesPost Inc, tapping into increasing investor interest in private firms.
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Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.
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March 6- Nasdaq OMX Group Inc said it will form a marketplace for trading in shares in unlisted companies in a joint venture with SharesPost Inc, whose private trading platform has run into regulatory trouble. The new market, to be based in San Francisco, will launch later this year, pending regulatory approvals, and will be led by SharesPost founder Greg Brogger.
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March 6- Nasdaq OMX Group Inc said it will form a joint venture with SharesPost Inc to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in the venture, Nasdaq Private Market. Specific terms were not disclosed.
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TOKYO, March 6- Japan faces a "last chance" to open its economy to more competition and spur growth by joining a U.S.-led trade pact despite the pain it would entail, a private sector adviser to the prime minister said ahead of an expected decision on the politically touchy topic.
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WASHINGTON, March 4- Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants, their regulator said on Monday.
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BOGOTA, March 1- Colombia's troubled coal sector received a respite on Friday after a regulator lifted suspensions on the country's No. 2 exporter, Drummond Ltd, and on the main railway. But Colombia's top coal miner was still on strike and coffee farmers entered a fifth day of stoppages.