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Business Strategy Strategic Alliances

  • SHANGHAI, April 18- Chinese fund CMC Capital Partners, which has tie-ups from soccer club Manchester City to Warner Bros, has partnered with top Hollywood talent management firm Creative Artists Agency, the two firms said on Tuesday. The deal is the latest in a series of tie-ups between Hollywood and China, with Chinese investors keen to boost their presence in...

  • SHANGHAI, April 17- Global automakers face fresh threats to their profits in China from domestic automakers SAIC and Geely, which are launching new models and marketing strategies to challenge better-known foreign brands in the world's largest car market. "China success is the base of overseas market success," said Zhang Liang, product portfolio planning...

  • *Saudi Investment Bank drops on Oger's 2.8 pct stake sale. DUBAI, April 17- Two Saudi Arabian telecommunications stocks surged on Monday on hopes that troubled operators have finally turned the corner, while Abu Dhabi real estate firm Eshraq was helped by a plan to tie up with state fund Mubadala. "I believe the market is expecting Mobily to report profits just like...

  • *Apple eyes multi-billion dollar stake of over 20 pct- NHK. TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, Japanese public broadcaster NHK reported on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Taiwan's Foxconn, formally known as Hon...

  • TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Foxconn, which participated in the first round of the auction, has been considered such a risk due to its deep ties...

  • TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Taiwan's Foxconn, formally known as Hon Hai Precision Industry, declined to comment. They are U.S. chipmaker...

  • BEIJING, April 12- Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up is Ant's fifth international payments deal since November, seeking to tap Asia's third-largest country by population as the...

  • TOKYO, April 12- Western Digital Corp has warned Japan's Toshiba Corp that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract and that it wanted to enter into exclusive talks. In a strongly worded letter dated April 9, Western Digital which operates a chip plant with Toshiba in Japan, said the split-off is...

  • 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.