Joint Ventures
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BP says to return $8 bn to shareholders
Mar 22, 2013 03:53 EDT
British energy giant BP on Friday said it would return up to $8.0 billion (6.2 billion euros) to company shareholders by repurchasing shares, a day after completing the sale of its stake in a Russian joint-venture.
AirAsia's India entry wins investment panel approval
Mar 06, 2013 03:48 EST
Asia's largest low-cost carrier AirAsia won approval from India's foreign investment panel to set up an airline in a joint venture with the giant Tata group, a government official said.
European drone maker Cassidian ends Brazil venture
Feb 26, 2013 10:03 EST
Drone maker Cassidian, a unit of European aerospace and defence giant EADS, has decided to shelve its joint venture with Brazilian conglomerate Odebrecht, an EADS spokesman told AFP on Tuesday.
Sinopec buys $1bn US shale stake from Chesapeake
Feb 25, 2013 12:57 EST
Chinese oil giant Sinopec is investing $1.02 billion in a US shale field as it teams up with Chesapeake Energy Corp. in a 50-50 joint venture, the companies said Monday.
AirAsia's Indian venture plans take-off by year-end
Feb 21, 2013 12:33 EST
Asia's biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India's giant tea-to-steel Tata conglomerate may start operations by year-end.
AirAsia and India's Tata propose joint airline
Feb 20, 2013 08:21 EST
Asia's largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India's giant Tata conglomerate and another party.
Air Asia and India's Tata propose joint airline
Feb 20, 2013 05:54 EST
Asia's largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India's giant Tata conglomerate and another investor.
Comcast buys remaining NBCU stake for $18.1 bn
Feb 12, 2013 19:00 EST
Comcast Corp. agreed Tuesday to buy the remaining 49 percent stake in media and entertainment giant NBCUniversal from its joint venture partner General Electric for $18.1 billion.
Dassault targets $12 bn Rafale India deal in 2013
Feb 07, 2013 07:03 EST
France's Dassault Aviation hopes to conclude its $12-billion deal to sell Rafale jets to India this year, with negotiations set to be taken up by President Francois Hollande next week.
Dassault targets Rafale India deal in 2013
Feb 07, 2013 05:58 EST
France's Dassault Aviation hopes to conclude its $12-billion deal to sell Rafale jets to India this year, with negotiations set to be taken up by President Francois Hollande next week.
N.Korea threatens to scrap joint industrial zone
Feb 06, 2013 21:57 EST
North Korea has warned South Korea it might scrap their joint-venture industrial zone if Seoul links the project to sanctions over the North's rocket launch in December, according to a report.
Centrica makes U-turn on UK nuclear plant plan
Feb 04, 2013 09:51 EST
British energy company Centrica on Monday said it was pulling out of a joint-venture deal to build up to four nuclear power stations in Britain, citing the project's rising costs.
India's Reliance and Alcatel-Lucent in $1 bln deal
Jan 16, 2013 03:55 EST
Indian mobile phone company Reliance Communications will award a $1-billion, eight-year contract to US-French telecom equipment supplier Alcatel-Lucent, the companies said on Wednesday.
Myanmar deposits hope in bank overhaul
Jan 13, 2013 15:44 EST
As it strives to become Asia's next economic star Myanmar has set its sights on overhauling its battered and distrusted banking system, a move which could pave the way for foreign lenders to open branches.
Italian luxury brand Ferragamo boosts China stake
Jan 03, 2013 07:49 EST
Italian luxury fashion group Salvatore Ferragamo on Thursday said it had boosted its stake in joint ventures for distribution in the "strategic" Chinese market from 50 to 75 percent.
GDF Suez announces asset sale in Canada to reduce debt
Dec 17, 2012 16:08 EST
Heavily-indebted French energy group GDF Suez announced on Monday the sale of 60 percent of its renewable energy interests in Canada worth 1.5 billion euros ($2.0 billion) and the creation of a joint venture with the two buyers.
Jaguar Land Rover may set up Saudi plant
Dec 11, 2012 07:36 EST
Luxury auto maker Jaguar Land Rover, owned by India's Tata Motors, said Tuesday it was looking at setting up a plant in Saudi Arabia as it seeks to tap into growing regional demand.
Canada approves two energy takeovers worth $20 bn
Dec 07, 2012 18:52 EST
Canada on Friday approved two major takeovers of energy firms by the Chinese state-owned giant CNOOC and Malaysia's national oil company Petronas -- deals worth an estimated more than US$20 billion in total.
Nokia Siemens axes services unit, 1,000 jobs at risk
Dec 05, 2012 12:41 EST
Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it is shutting down one of its German units with the potential loss of 1,000 jobs.
GM venture plans new China auto plant
Nov 29, 2012 00:58 EST
US auto giant General Motors has said one of its Chinese joint ventures will invest 6.6 billion yuan ($1.0 billion) in a new plant to meet growing demand for commercial vehicles.
