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Business Strategy Joint Ventures

  • AMSTERDAM, May 24- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1.

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • AMSTERDAM, May 24- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties...

  • RIYADH, May 24- General Electric signed a one billion riyal joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam. The agreement, announced at a press conference in Riyadh, follows an announcement by GE during U.S. President Donald Trump's visit...

  • Shares of Bunge soared on media reports that Glencore Agriculture Limited, a joint venture owned by Glencore and two Canadian pension funds, had approached White Plains, New York- based Bunge about a "possible consensual business combination." Large grain traders have struggled in recent years as a global oversupply and thin trading margins have squeezed...

  • Shares of Bunge soared on media reports that Glencore Agriculture Limited, a joint venture owned by Glencore and two Canadian pension funds, had approached White Plains, New York- based Bunge about a "possible consensual business combination." Large grain traders have struggled in recent years as a global oversupply and thin trading margins have squeezed...

  • *Research center to be in Moscow, assembly line in Shanghai. SHANGHAI, May 22- China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders Boeing Co and Airbus SE. State plane makers Commercial Aircraft Corp of China Ltd and...

  • LONDON, May 18- Mining and commodities trading group Glencore has secured a joint venture transport fuels supply deal in Mexico with the Corporacion G500 SAPI group of service station operators, it said on Thursday. Known as the G500 Network, the venture will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that could help carriers form joint ventures and attract foreign investment, while bolstering passenger rights on Tuesday, lifting shares of airline stocks. Canada aims to have the rules in place by 2018.. Spracklin also said the rules, which give major hubs like Toronto the option of buying...

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that allow airlines to form joint ventures and guarantee passenger rights on Tuesday, lifting shares of airline stocks. The rules would apply to all carriers operating flights into and out of Canada, and ensure that passengers who buy tickets for a flight won't be forced off a plane because of...

  • May 15- Canada Pension Plan Investment Board, the country's biggest public pension fund, said on Monday it would invest $500 million in a joint venture with Indian property developer IndoSpace. The joint venture, IndoSpace Core, will buy and develop logistics facilities in India, the companies said. The joint venture will buy 13 industrial and logistics parks...

  • The hard drive assembly line at Western Digital.

    Western Digital has sought international arbitration to stop partner Toshiba from selling its chips arm without its consent.

  • TOKYO— Western Digital is seeking arbitration in a dispute with its joint venture partner Toshiba Corp. over the sale of the Japanese electronics giant's computer-chip business. Toshiba wants to sell the lucrative chips unit to shore up its finances, but Western Digital is demanding Toshiba first obtain its consent. Western Digital said in a statement that...

  • Tokyo- based Toshiba Corp. called the results released Monday as projections, rather than results, since they lack the company's auditors' approval, but it was in line with what it had said recently. Toshiba has been trying to sell its computer-chip business to shore up its finances, but has become embroiled in a dispute with U.S. joint venture partner Western...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner and runs Toshiba's main semiconductor plant...

  • KHOBAR, Saudi Arabia, May 12- Oil giant Saudi Aramco is close to selecting a partner for a joint venture it plans to set up to oversee government-related infrastructure projects in Saudi Arabia, sources familiar with the matter said. President Donald Trump's planned visit to Saudi Arabia. Saudi Aramco's non-oil projects have included building the Al-Jawhara...

  • Lawrence Ho on end of Melco, Crown partnership

    Lawrence Ho, Melco Resorts & Entertainment, says the company will focus on the potential of the Japanese markets.

  • TOKYO, May 9- Toshiba Corp has told Western Digital Corp not to interfere in the sale of its prized chip unit, rejecting claims it has breached a joint venture contract and threatening legal action. Chief Executive Steve Milligan is currently visiting Japan to press its case. But in a May 3 letter sent by Toshiba's lawyers, the TVs-to-nuclear conglomerate...