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Business Strategy Joint Ventures

  • AMSTERDAM, June 28- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it would appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. "We need to know the rules of the game," NAM director Gerald Schotman told reporters. " NAM's appeal will be heard starting July 13 at the...

  • STOCKHOLM, June 27- Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp, best known for its graphics technology in computer games, to develop software systems for self-driving cars. A joint venture between Volvo, owned by China's Zhejiang Geely Holdings, and Autoliv will work with NVIDIA to develop systems that use...

  • *TUI says remains open to partnerships, joint ventures. *Etihad says Air Berlin leisure to remain independent. FRANKFURT/ ABU DHABI, June 8- Abu Dhabi- based Etihad Airways said on Thursday it had pulled out of talks with Europe's largest tour operator TUI Group to create a joint venture holiday airline.

  • 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...

  • ABUJA, May 31- Nigeria's cabinet approved on Wednesday a plan to set up a joint venture with pharmaceutical firm May& Baker Nigeria Plc to produce vaccines, the health minister said. The company will have an initial capital of 100 million naira. Health minister Isaac Adewole told reporters the joint venture would be based in the commercial capital Lagos with the...

  • 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.

  • DUBAI, May 31- Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom's east coast, part of the government's drive to diversify the economy beyond oil. 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-...

  • 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...

  • AMSTERDAM, May 24- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1.

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • AMSTERDAM, May 24- A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state earlier on Wednesday confirmed it intended to go ahead with a tightening of output at the massive field from Oct. 1. It said interested parties...

  • RIYADH, May 24- General Electric signed a one billion riyal joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam. The agreement, announced at a press conference in Riyadh, follows an announcement by GE during U.S. President Donald Trump's visit...

  • Shares of Bunge soared on media reports that Glencore Agriculture Limited, a joint venture owned by Glencore and two Canadian pension funds, had approached White Plains, New York- based Bunge about a "possible consensual business combination." Large grain traders have struggled in recent years as a global oversupply and thin trading margins have squeezed...

  • Shares of Bunge soared on media reports that Glencore Agriculture Limited, a joint venture owned by Glencore and two Canadian pension funds, had approached White Plains, New York- based Bunge about a "possible consensual business combination." Large grain traders have struggled in recent years as a global oversupply and thin trading margins have squeezed...

  • *Research center to be in Moscow, assembly line in Shanghai. SHANGHAI, May 22- China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders Boeing Co and Airbus SE. State plane makers Commercial Aircraft Corp of China Ltd and...

  • LONDON, May 18- Mining and commodities trading group Glencore has secured a joint venture transport fuels supply deal in Mexico with the Corporacion G500 SAPI group of service station operators, it said on Thursday. Known as the G500 Network, the venture will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that could help carriers form joint ventures and attract foreign investment, while bolstering passenger rights on Tuesday, lifting shares of airline stocks. Canada aims to have the rules in place by 2018.. Spracklin also said the rules, which give major hubs like Toronto the option of buying...

  • MONTREAL/ OTTAWA, May 16- The Canadian government unveiled new rules that allow airlines to form joint ventures and guarantee passenger rights on Tuesday, lifting shares of airline stocks. The rules would apply to all carriers operating flights into and out of Canada, and ensure that passengers who buy tickets for a flight won't be forced off a plane because of...

  • May 15- Canada Pension Plan Investment Board, the country's biggest public pension fund, said on Monday it would invest $500 million in a joint venture with Indian property developer IndoSpace. The joint venture, IndoSpace Core, will buy and develop logistics facilities in India, the companies said. The joint venture will buy 13 industrial and logistics parks...