Business Strategy Strategic Alliances

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  • DUBAI, May 18- U.S. private equity firm KKR and Dubai- based Fajr Capital have teamed up as one of four bidders that have been shortlisted to buy a majority stake in Abu Dhabi- based National Food Products Company, sources familiar with the matter said on Wednesday. NFPC, one of the largest food and dairy manufacturers in the United Arab Emirates, whose brands include...

  • Threshold Global Studios is budgeting $80 million to strategically rotate, slide and drop the famed 1980 s stacking game into a sci-fi thriller. The project is the first for the studio, a newly formed joint venture between Chinese entertainment investor Bruno Wu's Seven Star Works and producer Larry Kasanoff's California- based Threshold Entertainment...

  • LIMA, May 17- The top U.S. trade official is not losing hope for congressional approval of a sweeping pan-Pacific free trade agreement this year despite strong anti-trade rhetoric in the U.S. presidential campaign that may be influencing reluctant lawmakers. Trade Representative Michael Froman told Reuters in an interview in Lima, Peru, that he continues to...

  • SINGAPORE, May 17- Low-cost airline groups and manufacturers of smaller passenger aircraft will be among the main winners after Southeast Asia's open skies agreement finally came into effect last month, although airport capacity constraints could limit the benefits. Ratification of the Association of Southeast Asian Nations open skies agreements by...

  • May 10- Alaska Air Group Inc on Tuesday announced plans for a codeshare agreement and a frequent flier partnership with Japan Airlines Co Ltd.. Industry experts have said Alaska Air has become an attractive partner to Asian airlines looking for extra revenue from connecting passengers to flights within the United States, after it agreed to buy Virgin America...

  • SHANGHAI, May 10- Russian aluminium giant Rusal warned against Chinese smelters restarting plants to keep from undermining prices that have retreated from 2016 highs as Chinese producers consider launching a fund to deal with the layoffs from closures. China is the world's top consumer and maker of aluminium. Aluminium on the London Metal Exchange was...

  • DETROIT/ FRANKFURT, May 4- Alphabet Inc's Google and Fiat Chrysler Automobiles NV have agreed to work together to build a fleet of 100 self-driving minivans, marking the first time that a Silicon Valley firm has teamed up with a traditional carmaker to develop an autonomous vehicle. Fiat Chrysler has a net debt pile of 6.6 billion euros and Chief Executive Sergio...

  • BEIJING, April 27- Guangzhou Automobile Group Co Ltd, whose partnership with Fiat Chrysler Automobiles NV enables the Milan- listed automaker to manufacture in China, wants Fiat Chrysler to return the favour by helping it enter the United States, a top executive told Reuters. China exported 728,200 mostly home-brand vehicles last year, an on-year decline of...

  • The company forecast second-quarter revenue would grow 15 percent, plus or minus 3 percent, sequentially, which translates to $928.1 million to $985.5 million. AMD said on Thursday it signed a $293 million agreement to license its processor technology to a joint venture it formed with Tianjin Haiguang Advanced Technology Investment Co Ltd, an investment...

  • April 21- Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd,...

  • BRUSSELS, April 21- Warner Music Group and independent labels have urged EU regulators to fight Sony Corp's bid to buy out Michael Jackson's stake in its music publishing joint venture, saying the move gives Sony too much power. Sony last month signed a deal to acquire the stake that deceased pop star held in Sony/ATV Music Publishing, the world's largest music...

  • Viacom shares were down 6.5 percent at $36.32 on Nasdaq, while Dish shares rose 1.5 percent to $47.19. On March 7, Viacom Chief Executive Philippe Dauman said he expected to renew the contract with Dish Network Corp in the next quarter. Dauman said during Viacom's last quarterly earnings call that the New York- based media company had entered into a short-term...

  • KINSHASA, April 19- Randgold Resources has entered a joint venture in Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner, the company said in a statement on Tuesday. The gold project in northeastern Congo with Moku Goldmines AG, majority-owned by Gertler's Fleurette Group, and state miner Sokimo could...

  • HANOI, April 18- Vietnamese telecom company Viettel said on Monday it plans to form a consortium with two Myanmar companies to invest a combined $1.5 billion in Myanmar's telecoms sector if it wins the country's fourth, and last, telecom license. "This strong foundation ideally positions us to cater to the untapped telecom market potential in Myanmar," Viettel's...

  • DAKAR, April 15- Senegal has created Air Senegal, a new national airline intended to replace the West African nation's now defunct, heavily indebted carrier Senegal Airlines, the minister of tourism and air transport said on Friday. Senegal state-owned television said late on Friday that Turkish Airlines was the front-runner to take a stake in Air Senegal.

  • COLORADO SPRINGS, Colo., April 13- United Launch Alliance said on Wednesday its Atlas 5 rocket will need to be repaired before flights resume following an early engine shutdown on its last mission. "There will be corrective action," Tory Bruno, chief executive of the joint venture by Lockheed Martin Corp and Boeing Co, told Reuters in an interview at the Space...

  • COLORADO SPRINGS, Colo., April 11- United Launch Alliance will team with billionaire entrepreneur Robert Bigelow to market and fly habitats for humans in space, a project that hinges on space taxis being developed by SpaceX, Boeing Co and other firms, ULA and Bigelow said on Monday. Space Symposium in Colorado Spring, Colorado, includes a 2020 launch of a 12,000-...

  • *Singapore marine, offshore engineering output falls to $14.5 bln. SINGAPORE, April 12- Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Singapore- listed Vard Holdings last month signed a letter of...

  • ASTANA, April 7- Kazakhstan and global oil majors developing the Karachaganak gas condensate field aim to "peacefully resolve" their dispute over a production sharing agreement, Kazakhstan's Energy Ministry said on Thursday. Russia's Lukoil, one of the oil majors, said this week Kazakhstan had filed a $1.6 billion claim against the consortium led by BG Group...

  • HONG KONG, April 3- A Macau court has ruled that a former business partner of Las Vegas Sands Corp, the world's biggest casino company, can proceed with a lawsuit seeking billions in damages for breaking the terms of their former partnership agreement. In a filing made on March 16, a court in the Chinese southern territory denied Las Vegas Sands a motion to dismiss...