×

Business Strategy Strategic Alliances

  • MEXICO CITY, April 20- Mexican state-run oil company Pemex plans a second deepwater "farm-out" joint venture in the Maximino and Nobilis areas in the Gulf of Mexico where super light crude has been found near the U.S. border, two people familiar with the matter said this week. The people said Pemex will likely seek approval in June from the National Hydrocarbons...

  • TOKYO, April 20- Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with Japanese government-backed investors and would consider a joint bid with them for the chip business, a senior official said on Thursday. "We want to find a way to ensure we are aligned with INCJ and DBJ," Mark Long, chief financial officer, told Reuters in an...

  • TOKYO, April 20- Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with state-backed fund Innovation Network Corp of Japan and the Development Bank of Japan and would consider a joint bid with them for the chip business, a senior official said on Thursday. "We want to find a way to ensure we are aligned with INCJ and DBJ," Mark...

  • April 19- Verily, Alphabet Inc's life sciences business, said it was launching a four-year study with about 10,000 participants to understand how people transition from being healthy to becoming sick, and to identify additional risk factors for diseases. Verily is partnering with Duke University and Stanford Medicine in the United States to enroll...

  • SHANGHAI, April 18- Audi AG and its China joint-venture partner FAW Group will produce and sell five "e-tron" plug-in cars in China over the next five years, part of a global push to boost sales of all-electric battery and plug-in hybrid vehicles. As part of this agreement, the two companies recently began producing in China the first of the five planned cars- a...

  • 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...