Business Strategy Strategic Alliances

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • BEIJING, Sept 7- Volkswagen AG signed a preliminary deal with China's Anhui Jianghuai Automobile to explore making electric vehicles in a new joint venture, the two automakers said on Wednesday. China surpassed the United States last year to become the largest maker of pure electric cars thanks to a raft of government incentives to promote the switch from...

  • *Russia, Saudi sign pact, may limit output in future. TOKYO, Sept 6- Oil prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein in output capped gains. The global benchmark on Monday hit a near one-week high of $49.40 after the Russia- Saudi news, but has...

  • *Russia, Saudi sign pact, may limit output in future. TOKYO, Sept 6- Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein in output capped gains. The global benchmark on Monday hit a near one-week high of $49.40 after the Russia- Saudi news, but...

  • *Output freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures touched a one-week high before paring gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to cooperate on stabilizing the oil market, and raised hopes of limiting output in the future. Saudi Arabia and Russia said on the sidelines of the G20...

  • *Output freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China they had signed an agreement to set up a...

  • *Production freeze to be discussed in Algeria meeting- Russia. LONDON, Sept 5- Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilizing the oil market, including limiting output. Saudi Arabia and Russia said on the sidelines of the G20 summit in China that they signed an agreement to set up...

  • Aug 31- Canada's Restaurant Brands International Inc said it would launch Tim Hortons coffee and doughnut shops in Great Britain as part of its expansion plans. The move into Europe comes after Tim Hortons, which has outlets in Canada, the United States and the Middle East, said last month that it would enter Asia by opening its first outlet in the Philippines.

  • DUBAI, Aug 30- Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner. In April, Prince Mohammed launched radical economic reforms designed to develop non-oil industries in Saudi...

  • DUBAI, Aug 30- Saudi Arabia signed 15 preliminary agreements with China on Tuesday in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy customer and trade partner. Prince Mohammed arrived in China on Monday for talks on economic ties as well as security issues.

  • NEW DELHI, Aug 26- Major international seed companies in India formed an alliance on Friday, seeking the support of their peers after a flurry of regulatory steps in recent months by Prime Minister Narendra Modi's government. Reuters reported earlier this week that Monsanto had withdrawn an application to sell its next-generation genetically modified...

  • NAIROBI, Aug 24- Kenya has finalized an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. A statement from President Uhuru Kenyatta's office quoted Energy and Petroleum Minister Charles Keter as saying the three partners and the government had finalized the pipeline's development plan. In April, Keter said the pipeline- to run 891 km...

  • NAIROBI, Aug 24- Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. A statement from President Uhuru Kenyatta's office quoted Energy and Petroleum Minister Charles Keter as saying the three partners and the government had finalised the pipeline's development plan. In April, Keter said the pipeline- to run 891 km...

  • *Plans to use Tapad to enter mobile advertising- CEO. ARENDAL, Norway, Aug 22- Norway's Telenor will set up a separate business unit to claim a share of the rapidly growing mobile advertising market in Asia, Chief Executive Sigve Brekke told Reuters. Its advertising strategy builds on technology from Tapad, a U.S.-based startup it acquired earlier this year for...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • LONDON, Aug 10- The London Metal Exchange has announced the launch next year of a suite of precious metals contracts, starting with gold and silver and eventually encompassing platinum and palladium. It's not the first time the LME has ventured into the opaque world of London's bullion trade. The London bullion market remains a fractured and fractious...

  • Aug 8- Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc, will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. Jet.com was launched by internet entrepreneur Marc Lore in July 2015 and includes software that can offer a customer lower prices as they add items...

  • LONDON, Aug 1- French utility EDF and its Chinese partner China General Nuclear Corporation agreed last year to make a series of investments in nuclear power generation in Britain. Britain and EDF first reached a broad commercial agreement on the project at Hinkley Point in southwest England in 2013. The government announced China's involvement last year...

  • LIMA, July 26- Peru will seek free trade deals with Australia and other Pacific Rim countries if the Trans-Pacific Partnership agreement it signed onto dies in the U.S. Congress, the incoming president said on Tuesday. Centrist President-elect Pedro Pablo Kuczynski, a 77- year-old former investment banker, said leaders of both political parties in the United...