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Business Strategy Strategic Alliances

  • April 11- German industrial giant Siemens AG and Canada's Bombardier Inc are in talks to combine their train operations, which could be worth at least 10 billion euros, Bloomberg reported. The joint venture would team up the firms' train-making and signaling activities, Bloomberg said on Tuesday, citing people familiar with the matter....

  • April 10- China's Le Holdings Co Ltd, also known as LeEco, abandoned its proposed $2 billion acquisition of U.S. consumer electronics company Vizio Inc on Monday, citing "regulatory headwinds." LeEco and Vizio, however, have struck a new collaboration agreement that includes bringing Vizio products to the Chinese market, according to a brief emailed statement...

  • April 5- U.S. solar company First Solar Inc on Wednesday said it was looking to sell its stake in a publicly traded company it formed with rival SunPower Corp less than two years ago, at the height of investor euphoria over so-called "yieldcos." In its statement, First Solar said the move would allow it to allocate more capital to the production of its next-generation...

  • FRANKFURT, April 5- Volkswagen Group's Audi and Porsche brands will join forces on vehicle development, the two upmarket brands said on Wednesday, to help the world's largest carmaker save money in the wake of its costly emissions test cheating scandal. The pact comes as Volkswagen Chief Executive Matthias Mueller, who previously worked as Porsche's CEO and...

  • E-3 AWACS radar aircraft built by Boeing operating from NATO Air Base Geilenkirchen in Germany.

    NATO Secretary General Jens Stoltenberg spoke with CNBC on Friday regarding NATO and defense spending.

  • LONDON, March 31- Swiss-based trading and mining giant Glencore is selling a bundle of its global oil storage stakes, sources told Reuters, following similar moves by rivals as a boom period for storage shows signs of nearing to an end. As the Organization of the Petroleum Exporting Countries decided to cut oil output at the end of 2016 to prop up prices and help...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • NEW DELHI, March 28- Monsanto lost a legal battle with one of India's biggest seed producers over a contract dispute on Tuesday, and was ordered to restore a licensing agreement and cut royalty charges. The U.S. company's joint venture Mahyco Monsanto Biotech took Hyderabad- based Nuziveedu Seeds Ltd to court in 2015, claiming patent infringements and accusing...

  • VANCOUVER, March 28- Goldcorp Inc will team up with larger peer Barrick Gold Corp to work on developing gold mines in northern Chile, it said on Tuesday, as the industry starts to invest in new projects again. As part of a complex series of transactions costing Goldcorp about $445 million upfront, the Vancouver- based company has agreed to buy fellow Canadian miner...

  • VANCOUVER, March 28- Barrick Gold Corp and Goldcorp Inc, the world's No. 1 and No. 3 gold miners by value, have agreed to team up to potentially develop gold projects in northern Chile, Goldcorp said on Tuesday, as the industry starts to put money into growth again. In a complex series of transactions costing Goldcorp around $445 million upfront in cash and shares, the...

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. Tepco and Chubu Electric were to decide by around now, according to a timetable set up in 2015, on whether to integrate all their fossil fuel power plants.

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. The biggest and third-biggest of Japan's regional power utilities aim to combine the businesses in April- September 2019, overseeing nearly half the...

  • The tie-up announced by the companies on Monday highlights the increasingly competitive nature of the sector, with Lufthansa battling Gulf carriers on routes to Asia and Cathay counting the cost of the advance of Chinese rivals that contributed to its first full-year loss since 2008.. Under the Cathay Pacific deal, Lufthansa and its Swiss and Austrian...

  • LONDON/ HOUSTON, March 27- Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10- year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. Shell and Anadarko have been discussing how to proceed after the partnership agreement expires this summer...

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • *S.Korea' s KOGAS, Japan's Jera, China's CNOOC sign MOU. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate in the joint procurement of LNG." The unusual alliance of three buyers across three countries will pressure exporters like...

  • SEOUL, March 23- Three of Asia's top buyers of liquefied natural gas have agreed to work together to secure more flexible contracts when buying the commodity. Korea Gas Corp said in a statement on Thursday that it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate...

  • The launch of the French-made satellite, the first project of its kind led by Brazil's private sector, was originally set for Tuesday but rescheduled for Thursday evening due to protests around the lift-off site in French Guyana. The mission took on new urgency after revelations in 2013 that the U.S. National Security Administration had eavesdropped on...

  • *Tens of billions of dollars of deals signed in China, Japan. RIYADH/ DUBAI, March 22- A tour of Asia by Saudi Arabia's King Salman this month has advanced the kingdom's drive to attract foreign investment and diversify its economy beyond oil exports, but the strategy comes with an expensive price tag. A string of deals in Japan included an undertaking by Toyota Motor...