Strategic Alliances


  • PARIS, June 15- France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi Heavy Industries consider a joint move to challenge a formal offer from General Electric.

  • PARIS, June 14- French drugmaker Sanofi said on Saturday it was teaming up with U.S. medical device maker Medtronic in diabetes. Under the terms of a memorandum of understanding, Sanofi and Medtronic will initially cooperate on developing drug-device combinations and offering care management services for diabetes patients.

  • *Italy strategic economic partner of Kazakhstan- president. BOROVOYE, Kazakhstan/ MILAN, June 12- Italy's Eni signed an agreement with Kazakhstan's state-owned KazMunaiGas on Thursday to look for oil and gas in the North Caspian Sea in a move that will grow the oil major's footprint in the resource-rich country.

  • June 3- The former co-head of Morgan Stanley's investment bank, Paul Taubman, who has been behind some of the biggest U.S. deals this year, is launching his own advisory boutique, the Financial Times reported.

  • NEW YORK, May 29- ICAP Energy and Gasteam America LP plan to announce on Thursday that they have formed a strategic business alliance to complement their respective liquified petroleum gas operations, according to a news release obtained by Reuters.

  • *Rosneft, Lukoil team up with BP, Total to explore for shale oil. ST PETERSBURG, Russia, May 24- Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions over Ukraine in March.

  • ST PETERSBURG, Russia, May 24- Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions on Moscow. Rosneft will hold 51 percent of the joint venture which will explore the Domanic formation, and BP will hold 49 percent.

  • LONDON, May 12- CME Group's European clearing house and the post-trade arm of Swiss exchange operator SIX Group have teamed up to create a platform to manage collateral used to back derivatives trades. Last week, the Depository Trust& Clearing Corporation and Euroclear announced a joint venture to simplify settlement of trades and ease access to collateral.

  • The original injunction, issued on Wednesday, stemmed from a lawsuit by rival Space Exploration Technologies, or SpaceX, in protest of the U.S. Air Force's award of a multibillion-dollar, non-compete contract for 36 core rocket boosters to Lockheed and Boeing's United Launch Alliance partnership.

  • 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.