Business Strategy Strategic Alliances

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  • France, Italy, Japan, Spain and Russia are among the countries seeking to convince Cuba to sign contracts with their companies for projects to update the Communist-led nation's creaking infrastructure, in return for writing off debt. In December, Cuba struck a general accord with the Paris Club of wealthy nations to forgive $8.5 billion of $11.1 billion in...

  • *Modi, once unwelcome in Washington, to address lawmakers. NEW DELHI/ WASHINGTON, June 3- Two years ago there were questions over whether Indian Prime Minister Narendra Modi could get a visa to enter the United States. Next week he visits Washington as one of President Barack Obama's closest international partners.

  • BRASILIA/ RIO DE JANEIRO, June 2- Brazilian judge Sergio Moro suspended one of several lawsuits against executives of engineering conglomerate Grupo Odebrecht SA for 30 days, signaling potential plea bargain deals with prosecutors investigating a massive graft scheme. The company said in March that some executives would seek plea bargains with...

  • BERLIN, May 31- Volkswagen's mass-market VW brand returned to profit in the first quarter, in a sign deep cost cutting is starting to revive the business at the heart of the German carmaker's emissions test cheating scandal. Europe's biggest motor manufacturer said on Tuesday group underlying operating profit fell 5.9 percent to 3.1 billion euros in the...

  • The free game launched in November 2012 has helped Mondelez make twice as much money through in-app purchases and ads as it had invested in it, Laura Henderson, global head of content and media monetization, said in an interview ahead of the company's announcement on Tuesday about the plans. PepsiCo Inc opened an in-house Creators League content studio in...

  • DUBAI, May 30- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups, said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China. SABIC said in a statement the joint project would be a "greenfield petrochemical complex" located in the Ningxia Hui Region of China and would...

  • BRUSSELS, May 27- The European Union stepped up its sanctions on North Korea on Friday with near-blanket trade and travel bans after Pyongyang's latest nuclear test and rocket launch, a move going beyond new U.N. Security Council sanctions. Pyongyang is also banned from selling any oil-related or luxury goods to the European Union, while EU nations cannot...

  • *Agreement includes $13 bln Tuban refinery, petchem plant. Under the broad agreement, Rosneft will partner with Pertamina in the development of a refinery and petrochemical plant worth up to $13 billion in Tuban in Indonesia's East Java province, and supply crude and technology to Southeast Asia's largest economy. Rosneft won a bid to develop the Tuban...

  • May 24- Toyota Motor Corp said on Tuesday it will partner with on-demand ride company Uber to explore ridesharing and will make a strategic investment in the company. As part of the partnership, Toyota would create new leasing options in which car purchasers can lease their vehicles from Toyota Financial Services and cover their payments through earnings...

  • 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...

  • 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...