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Business Strategy Strategic Alliances

  • FRANKFURT, Sept 4- Estonian start-up Taxify is to go head to head with Uber in London's highly competitive taxi-hailing market, and also has Paris in its sights. It marks a major move forward for Taxify after missteps by the Silicon Valley giant already allowed it to make inroads in several cities in central and eastern Europe and Africa. In London, it enters a...

  • NEW DELHI, Sept 1- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, its chief executive said on Friday, pitting it against Lockheed Martin in a race to equip India's air force with new jets. Saab and Lockheed have both offered to build a single-engine aircraft locally to comply with Prime Minister Narendra...

  • NEW DELHI, Sept 1- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, its chief executive said on Friday, pitting it against Lockheed Martin in a race to equip India's air force with new jets. Saab and Lockheed have both offered to build a single-engine aircraft locally to comply with Prime Minister Narendra...

  • TOKYO, Aug 31- Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has tried but so far not come to an agreement and it was continuing to...

  • *Saab-Adani to bid to build jets under India's new defence policy. NEW DELHI, Aug 31- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, an aerospace consultant aware of the proposed partnership told Reuters on Thursday. The Saab-Adani partnership would be aimed at producing planes under India's new "...

  • TOKYO, Aug 31- Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has tried but so far not come to an agreement and it was continuing to...

  • NEW DELHI, Aug 31- Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircrafts in India, an aerospace consultant aware of the proposed partnership told Reuters on Thursday. The partnership will compete with U.S. defence giant Lockheed Martin in a two horse-race to equip the Indian military with single-engine jets to be...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. #FreeportTaatIndonesiaBerdaulat, or " Freeport is obedient, Indonesia is a sovereign state". Indonesia's President Joko Widodo was the driving force behind the agreement demanding the...

  • ABUJA, Aug 30- Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago. Nigeria's cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering...

  • Aug 29- Technology company Apple Inc and professional services company Accenture PLC said Tuesday they will team up to help businesses build better applications for iOS, the operating system that powers Apple's iPhone and iPad. Accenture helps large companies write new software and adopt new technology. The first joint team will be located in San Francisco,...

  • *North Korea missile saps demand for riskier assets. LONDON, Aug 29- Rising geopolitical tensions and a surging euro sent European shares to their lowest in six months on Tuesday after a missile launch by North Korea sapped Asian markets. On Tuesday the euro surged above $1.20 for the first time since January 2015, after European Central Bank Chief Mario Draghi...

  • Aug 28- U.S. company Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday. Dow, which owns a 35 percent stake in Sadara Chemical, said it had signed a non-binding agreement with Aramco to boost that interest to 50 percent. Sadara said this month it had commissioned the last plant at its...

  • Aug 28- U.S. chemical and seeds company Dow Chemical Co said on Monday it plans to buy an additional 15 percent stake in Sadara Chemical Co, its joint venture with Saudi Aramco. Dow, which currently owns a 35 percent stake in Sadara, said it signed a non-binding agreement with Aramco to boost that interest to 50 percent. The deal is expected to occur after Dow closes its...

  • TOKYO, Aug 28- A consortium led by Western Digital Corp is close to an agreement to buy Toshiba Corp's $17.4 billion chip business, with the U.S. firm's CEO in Tokyo to finalize the long and contentious talks, a person familiar with the matter said. Western Digital, Toshiba and a state-backed fund, the Innovation Network of Japan, which is a member of the consortium...

  • JEDDAH, Saudi Arabia, Aug 24- Saudi Aramco and Saudi Basic Industries Corp have launched bidding for engineering work on their joint crude oil to chemicals project, industry sources said, a key step towards developing the $20- billion- plus complex. The project, known as COTC, the first major scheme to bring the two giants together, is expected to process Arabian...

  • PHNOM PENH, Aug 23- Cambodia signed an agreement with Singapore- listed KrisEnergy Ltd on Wednesday to develop an offshore oil field that could finally see Cambodia produce its own oil after years of delays. Cambodia has struggled to develop oil fields in the Gulf of Thailand, as few companies are willing to invest in the area following the 2014 global oil price...

  • *Optimistic about Western Europe, cautious on U.S. SHANGHAI, Aug 23- Chinese state-owned Chery Automobile Co aims to rely only on organic means to grow its international sales, its CEO said, underlining a strategy that is different from its private sector rivals who have either made or are considering acquisitions. And while the company was open to forms of...

  • SHANGHAI, Aug 23- China's Chery Automobile Co wants to grow its share of overseas sales to a third of total sales, up from a quarter currently, but plans to do so organically and not through acquisitions, its chief executive said. Chen Anning told Reuters in an interview on Wednesday that while the company was open to forms of cooperation such as joint ventures, it was...

  • SINGAPORE, Aug 22- Singapore's biggest taxi operator, ComfortDelgro Corp Ltd, entered into exclusive talks with Uber Technologies Inc for a potential tie-up, it said on Tuesday, in a move that could help Uber in its fight with dominant ride-hailing firm Grab. Uber, which has pulled out of massive markets China and Russia, has used Singapore as a springboard to grow...

  • BEIJING, Aug 21- China expressed "strong dissatisfaction" on Monday with the U.S. launch of an investigation into China's alleged theft of U.S. intellectual property, calling it "irresponsible". "The United States' disregard of World Trade Organization rules and use of domestic law to initiate a trade investigation against China is irresponsible, and its...