Business Strategy Strategic Alliances

  • 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...

  • July 26- Canadian miner Sherritt International Corp is confident it and its partners in a large Madagascar nickel mine will reach agreement soon with lenders to defer repaying project loans for several years, Sherritt's chief executive said on Tuesday. Last month, Sherritt and its partners in the Ambatovy joint venture, Japan's Sumitomo Corp and Korea...

  • WASHINGTON, July 25- The United States and Mexico agreed to put into force a new air transportation agreement that is expected to boost travel and clear the way for any city to have direct airline service to the neighboring nation, the U.S. Transportation Department said on Monday. The agreement will allow "increased market access for passenger and cargo...

  • *Plan to locate in Texas or Louisiana. DUBAI/ KHOBAR, July 25- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. The project will be on the United States' Gulf Coast, possibly in Texas or Louisiana, and will include a production...

  • BEIJING/ TOKYO, July 22- General Motors Co and Isuzu Motor Co have agreed to cease collaboration on the development of midsize pick-up trucks made in Asia, ending a joint product development relationship that dates back to the mid-2000s. Isuzu, which specialises in light trucks and commercial vehicles, had developed its D-Max pick-up truck under the agreement...

  • In the year since its spinoff from e-commerce company eBay Inc, becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. Its revenue for the second quarter is up more than 15 percent to $2.65 billion from a year ago and the volume of payments it processes is up 28 percent to $86.21 billion, the company said in its...

  • July 21- PayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street earnings expectations and announcing a partnership with Visa Inc that is expected to boost the reach and revenue of the money-moving service. The San Jose, California, company raised its full-year 2016 revenue guidance to a range of $10.75...

  • July 21- Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo& Co, offering cheaper rates for loans to Amazon customers who pay for a "Prime Student" subscription. That's what they want out of this deal, " John Rasmussen, head of Wells Fargo's Personal Lending Group, said in an interview. Wells Fargo charges between 3.39 percent and...

  • July 21- Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo& Co, the companies announced Thursday. That's what they want out of this deal, " John Rasmussen, head of Wells Fargo's Personal Lending Group, said in an interview. Wells Fargo charges between 3.39 percent and 9.03 percent for a variable-rate student loan, and from 5.94...

  • NEW YORK, July 20- U.S. antitrust regulators approved on Wednesday a $107 billion deal to combine the world's top two brewers, Anheuser-Busch InBev and SABMiller, after securing an agreement from the companies to unload U.S. beer assets and preserve competition from independent craft brewers. "The remedy we secured will help preserve and promote competition in...

  • *Launches $11 mln digital space in Shanghai. SHANGHAI, July 20- General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd to develop smart machines designed to boost productivity, part of a drive to promote its "industrial internet" business in China. We're bringing this to China, we're open for business in China today to be able to do...

  • NEW YORK/ TORONTO, July 19- BlackBerry Ltd sought to bolster its security credentials with a string of small deals on Tuesday but analysts said the jury was still out on the success of its turnaround and push into software. The smartphone pioneer, which abdicated the top spot in handsets to Apple and Android-based devices, said it had signed a five-year,...

  • July 19- Privately held Jounce Therapeutics Inc, which is working on treatments designed to use a patients' own immune systems to better attack cancer, said on Tuesday it had entered into an collaboration and investment agreement with Celgene Corp worth more than $2.5 billion. The deal for the tiny Cambridge, Massachusetts- based company comes just at little...

  • ALGIERS, July 18- Algeria signed deals with Indonesia's Indorama Corporation on Monday to develop a phosphate mine and build two plants to process the crop nutrient in the North African country at a total expected cost of $4.5 billion. The contracts are part of steps to develop Algeria's long-neglected mining sector and diversify the OPEC member country's...

  • RIYADH, July 17- Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments. Lamprell, Aramco, National Shipping Company of Saudi Arabia and Hyundai Heavy Industries signed a potential partnership agreement relating to the yard earlier this year.

  • July 15- Silent Circle, a Geneva- based pioneer in securing mobile communications, said on Friday it has raised $50 million in a Series C financing round led by Santander Bank as it looks to reinvent itself as an enterprise-focused business. Silent Circle launched an app for encrypting mobile communications in 2012 and a highly secure device known as the...

  • *India's GoAir signs MOU to buy 72 Airbus A320neos. *Qatar Airways to buy 10 percent stake in LATAM. FARNBOROUGH, England, July 12- Airbus bagged deals worth $20 billion to seize the initiative at a rain-soaked Farnborough Airshow on Tuesday, but industry executives said the mostly lackluster event confirmed a recent boom in aircraft orders was finally fizzling...