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Business Strategy Strategic Alliances

  • CAPE CANAVERAL, Fla., June 6- Elon Musks Space Exploration Technologies Corp will fly its first mission for the U.S. Air Force in August when it launches the militarys X-37B miniature spaceplane, Air Force Secretary Heather Wilson said on Tuesday. "SpaceX will be sending the next Air Force payload up into space in August," Wilson said during webcast testimony before...

  • TOKYO, June 6- Japan's Fujitsu Ltd expects to reach an agreement "soon" on integrating its personal computer business with China's Lenovo Group Ltd, Fujitsu President Tatsuya Tanaka said Tuesday. Fujitsu said in October that it was in talks with Lenovo to cooperate in the design and manufacture of PCs. "Details of any potential cooperation remain under...

  • TOKYO, June 3- Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan's biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota spokesman Ryo Sakai said the company had sold...

  • *Global dismay at Trump's pullout of U.S. from Paris accord. BERLIN/ BRUSSELS, June 2- China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate change pact. Other countries, including India, signalled...

  • BERLIN/ FRANKFURT, June 1- Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday. At a signing ceremony in Berlin attended by German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Daimler signed a framework agreement to...

  • WASHINGTON/ SEATTLE, May 31- U.S. companies signed business deals with Vietnam worth over $8 billion on Wednesday, including power projects and jet engines from General Electric Co and diesel generator technology from Caterpillar, the Commerce Department said. But the Trump administration still wants more work from Vietnam to bring down a rapidly growing $32...

  • SEATTLE/WASHINGTON, May 31- U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States. The U.S. wants " Vietnam to bring some ideas about how to tackle the surplus on an ongoing basis, said Murray Hiebert, a...

  • SEATTLE, May 31- General Electric Co said on Wednesday it had signed deals in Vietnam worth about $5.58 billion for power generation, aircraft engines and services, its largest single combined sale with the country in GE's history. The agreements came as Vietnamese Prime Minister Nguyen Xuan Phuc was on a three-day trip to the United States that was to include...

  • KHOBAR, Saudi Arabia, May 31- Saudi Aramco plans to build the Gulf's largest shipyard through a joint venture with three companies that it announced on Wednesday, a $5.2 billion project aimed at helping reduce the economy's reliance on oil. Aramco said it had signed a shareholder agreement with National Shipping Co of Saudi Arabia, a state-controlled firm which...

  • A shareholder agreement was signed with National Shipping Co of Saudi Arabia, a state-controlled firm which ships oil for Aramco, as well as London- listed Lamprell Plc, a United Arab Emirates- based engineering firm, and South Korea's Hyundai Heavy Industries Co.. It has previously said the project, at Ras Al Khair, will cost over 20 billion riyals.

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • Trump tells NATO allies they need to spend more on defense

    During his first summit with international leaders, Trump said other countries are not paying their fair share for NATO defense.

  • May 25- United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defense manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armored vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armoured vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defense manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armored vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armoured vehicles. Prime Minister Narendra Modi has vowed to end...

  • NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players and make high-tech defence equipment. Prime Minister Narendra Modi has vowed to end India's role as the world's largest arms importer by getting foreign firms to impart...