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Business Strategy Strategic Alliances

  • March 7- British media companies BBC Worldwide and ITV Plc launched BritBox in the United States on Tuesday, a new subscription-based video streaming service that includes iconic British shows including "Blackadder," " Fawlty Towers" and "East Enders." BBC Worldwide is the main commercial arm and a unit of the BBC. BritBox will also compete with Amazon's Prime Video...

  • SAO PAULO, March 6- A unit of Brazil's TRX Holding Investimentos has entered a joint venture to buy and renovate multi-family housing projects in the United States, hoping to profit from the residential rental market in the world's largest economy. TRX and U.S.-based Cornerstone Properties Ltd will contribute equally to the venture, making an initial...

  • MEXICO CITY, March 6- Mexico's oil regulator voted on Monday to begin the process of choosing a partner for national oil company Pemex to develop its Ayin-Batsil field, the second such joint venture as Mexico seeks to reverse a dozen years of declining crude output. Pemex will maintain a 50 percent stake in the shallow water project but will not be its operator,...

  • MEXICO CITY, March 6- Mexico's oil regulator voted on Monday to launch the process to pick a partner for national oil company Pemex to develop its Ayin-Batsil shallow water field, the second such joint venture sought for the Mexican oil giant.

  • MEXICO CITY, March 3- The first-ever joint venture in Mexico's deep waters could begin drilling its first oil well by the end of this year, a top official with national oil company Pemex said on Friday. In December, Pemex teamed up with Australian mining and oil giant BHP Billiton Ltd to develop its Trion block in the Gulf of Mexico, a partnership that was sealed on...

  • MUMBAI, Feb 28- India's Tata Sons has agreed to pay NTT DoCoMo $1.18 billion to buy out the Japanese firm's stake in a telecoms joint venture, paving the way for the settlement of a long-standing dispute days after a new chairman took charge at the Indian conglomerate. Tata Sons said it reached an out-of-court agreement with DoCoMo to enforce a decision taken by a...

  • KUALA LUMPUR, Feb 28- Malaysian companies and their Saudi Arabian counterparts signed on Tuesday preliminary agreements for seven deals worth more than $2 billion, as the oil-rich gulf nation seeks to build ties and investment opportunities in Asia. The deals, valued at 9.74 billion ringgit, will cover joint ventures and cooperation in several sectors...

  • Trump has threatened to slap hefty taxes on imports from Mexico to the United States and to scuttle the North American Free Trade Agreement with Mexico and Canada if it cannot be renegotiated to benefit U.S. interests. Femsa, which said it would raise capital expenditure modestly this year to $1.3 billion, flagged uncertainty over NAFTA, foreign direct...

  • Gatta, 41, an investment professional who worked at various private equity firms including Basso Capital Management and Pegasus Capital Advisors, will replace CEO Phil Rinaldi, who is retiring in March. Rinaldi has been CEO of the privately held company since 2010, when Carlyle Group and Sunoco formed a joint venture to rescue the Philadelphia refinery, the...

  • CALGARY, Alberta, Feb 21- ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped. Likewise Martin King, an analyst with GMP FirstEnergy in Calgary, said the debooking likely had...

  • BEIJING, Feb 20- China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales. It has also spent $4.6 billion on a minority stake in appliances retailer Suning Commerce Group Co Ltd, is...

  • Feb 15- Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a higher-than-expected adjusted profit, helped by lower costs. Last month, the company said it would form a joint venture with media mogul Oprah Winfrey to develop a new line of food products in the United States. Sales fell 3.8 percent to $6.86 billion, hit by a stronger...

  • LONDON, Feb 14- Pernod Ricard would have to pass a proposed U.S. tax on imported goods onto consumers, the chief executive of the French spirits group said on Tuesday. "Retailers are saying, and we're fully in line with them, that the border adjustment tax is a consumer tax, a consumption tax," Alexandre Ricard told reporters in London. The lobby group, launched earlier...

  • JAKARTA/ TORONTO, Feb 10- Freeport-McMoRan Inc said on Friday that an export ban remains in place at its copper mine in Indonesia, the world's second-biggest, because it has not yet reached agreement with the government on a new mining permit. The government banned copper concentrate exports Jan. 12 to try and boost Indonesia's smelter industry.

  • JAKARTA/ TORONTO, Feb 10- Freeport-McMoRan Inc said on Friday an export ban remains in place on its copper mine in Indonesia, the world's second-biggest, because it has not yet reached agreement with the government on a new mining permit. The southeast Asian country banned copper concentrate exports Jan. 12 to try and boost the local smelter industry.

  • *Japan soothed by Mattis security assurances. *Japan hopes to update Trump's 1980 s image of trade. Some in Tokyo even worry that Trump, a global businessman and author of "The Art of the Deal," might eventually make some sort of pact with rival China that leaves Japan out in the cold.

  • Feb 4- Japan's Toyota Motor Corp and Suzuki Motor Corp are nearing a partnership agreement to develop technology, including self-driving, the Nikkei business daily reported on Saturday. The two Japanese automakers could announce a deal as soon as Monday, the Nikkei reported. The partnership will also cover areas such as development and procurement, which...

  • DAR ES SALAAM, Feb 3- Tanzania signed a deal worth $1.215 billion with a consortium of Turkish and Portuguese companies on Friday to construct a 300- kilometer railway line, part of plans by the east African country to boost trade with its land-locked neighbors. In total, Tanzania wants to build a 2,561 km standard gauge railway network connecting its main Indian...

  • HAMBANTOTA, Sri Lanka, Feb 2- China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of Beijing's ambitions to create a modern-day " Silk Road" across Asia. As they try to reduce the country's debts, officials in Colombo see China's plans to include Sri Lanka on its "One Belt,...

  • SAN FRANCISCO, Jan 31- Uber Technologies Inc has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world's first fleets of autonomous vehicles. Uber on Tuesday announced a partnership with Germany's Daimler AG, maker of the luxury Mercedes-Benz cars and trucks. In the coming years, Daimler plans to...