Venezuela pressures foreign partners on oil venture commitments: sources

Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only provide diesel, according to five people familiar with the situation......»»

Nissan Motor Co is likely to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker's drive to cut costs and conserve cash, two sources said......»»

Top-ranked venture investor Mary Meeker has $1.25 billion in capital commitments for the first fund at her new firm, Bond Capital. Meeker spun the San Francisco-based firm out of Kleiner Perkins last year as new partners Mamoon Hamid and Ilya Fus.....»»

It needs to be seen if U.S. carmakers operating in China decide to buy out their joint venture partners in that country. Dispelling trade war fears, China, on Tuesday, announced that it will remove the cap.....»»

Gaga, oh, la la! A top Silicon Valley venture capital firm known for successful consumer startups is backing Lady Gaga’s soon-to-be-launched cosmetic company, sources say.  Recode reports that Lightspeed Venture Partners, the investment firm t.....»»

Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas......»»

UBS Group AG may have moved a step closer towards becoming the first foreign bank to hold majority ownership of its Chinese investment banking operations, after two of its joint venture partners said they had put their stakes up for sale......»»

Advisers to Venezuela's self-declared president Juan Guaido have proposed he appoint six executives to a transitional board for U.S. refiner Citgo Petroleum Corp, Venezuela's most important foreign asset, four people close to the talks said......»»

Apple CEO Tim Cook is reportedly planning to enhance the company's commitments in Vietnam. read more.....»»

Pure-play foundry United Microelectronics (UMC) has received commitments from eight of its customers for capacity demand for a six-year period, according to industry sources......»»

LED epitaxial wafer and chip maker Epistar stands a chance of bringing in non-operating profit from its China-based joint venture Kaistar Lighting (Xiamen), a vertically-integrated LED maker focusing on lighting, according to industry sources......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Like in the past, economists at Guggenheim Partners think today's skyrocketing lumber prices and shortages of essential parts, materials and labor likely won't last long enough to spark runaway inflation......»»

The recent sell-off in Microsoft Corp (NASDAQ: MSFT) is a buying opportunity, managing director of Hummer Winblad Venture Partners Ann Winblad said Thursday on CNBC's "Squawk Box." read more.....»»

CVS Health Corp. said Thursday that it will launch CVS Health Ventures, a venture fund that invests in and partners with early-stage companies focused on .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Although PC brand vendors are mostly keen about shifting production to India, eyeing its PC market's strong potential, their manufacturing partners are rather conservative, according to sources from ODMs......»»

HTC plans to venture into the Open RAN market in cooperation with strategic partners, optimizing its expertise related to 5G private networks, communications protocols and edge computing, according to Raymond Pao, vice president of enterprise solutions......»»

Venture targets "low-risk, high-quality" properties......»»

The fund, RiverVest Venture Fund V LP, is its largest-ever and brings RiverVest’s total assets under management to more than $1.6 billion, a figure that has grown rapidly in recent years......»»