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Venezuela pressures foreign partners on oil venture commitments: sources

Foreign partners of Venezuela's PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the matter said......»»

Category: topSource: reutersFeb 11th, 2019

Exclusive: Venezuela"s self-declared president Guaido to nominate own Citgo board - sources

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......»»

Category: topSource: reutersFeb 12th, 2019

Door opens for UBS to take majority ownership of China JV

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......»»

Category: topSource: reutersOct 12th, 2018

Exclusive: Shell seeks to sell Venezuela JV stake to France"s Maurel & Prom - sources

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......»»

Category: topSource: reutersOct 11th, 2018

Lady Gaga wins backing for cosmetics company

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.....»»

Category: topSource: bizjournalsJul 13th, 2018

China Lifts Cap on Foreign Auto JVs: Will US Carmakers Gain?

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.....»»

Category: personnelSource: nytApr 18th, 2018

Brodsky plans Pacific Park tower with Greenland JV

Greenland Forest City Partners and The Brodsky Organization announced a partnership to develop 18 Sixth Avenue (parcel B4) at Pacific Park, the new 22-acre mixed-use neighborhood in the heart of Brooklyn. The joint venture will im.....»»

Category: realestateSource: realestateweekly14 hr. 5 min. ago

Exclusive: Spain"s Repsol suspended swap deal for Venezuelan oil under U.S. pressure

Spain's Repsol suspended its swaps of refining products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weighed penalties for foreign firms doing business with Venezuela......»»

Category: topSource: reutersApr 18th, 2019

Exclusive: Venezuela skirts U.S. sanctions by funneling oil sales via Russia

President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters......»»

Category: topSource: reutersApr 18th, 2019

Exclusive: New York Fed cracks down on Puerto Rico banks following Venezuela sanctions

U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters......»»

Category: topSource: reutersApr 18th, 2019

Exclusive: Spain"s Repsol suspends swap deal for Venezuelan oil under U.S. pressure

Spain's Repsol has suspended its swaps of refined products for crude with Venezuela's state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign firms doing business with Venezuela......»»

Category: topSource: reutersApr 17th, 2019

Venezuela"s Guaido to seek to annul $8.7 billion Conoco award

Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido's chief legal representative said on Tuesday......»»

Category: topSource: reutersApr 16th, 2019

Volkswagen pushes battery partners to build Gigafactories

Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters......»»

Category: topSource: reutersApr 15th, 2019

Exclusive: Foreign insurers gear up to tap China"s $1.6 trillion pensions business - sources

Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China's private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies......»»

Category: topSource: reutersApr 12th, 2019

Walgreens Partners With VillageMD to Offer Primary Healthcare

This joint venture marks Walgreens' (WBA) commitment toward enabling access to affordable.....»»

Category: dealsSource: nytApr 11th, 2019

Volkswagen eyes big stake in China partner JAC, taps Goldman: sources

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said......»»

Category: topSource: reutersApr 11th, 2019

Exclusive: Volkswagen eyes big stake in China partner JAC, taps Goldman - sources

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said......»»

Category: topSource: reutersApr 10th, 2019

Exclusive: VW eyes buying big stake in China partner JAC, taps Goldman - sources

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said......»»

Category: topSource: reutersApr 10th, 2019

Exclusive: Volkswagen eyes buying big stake in China partner JAC Motor, taps Goldman - sources

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motor and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said......»»

Category: topSource: reutersApr 10th, 2019

Exclusive: Ford likely to end independent India business with new Mahindra deal - sources

Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters......»»

Category: topSource: reutersApr 9th, 2019

Facebook Is Getting More Aggressive About Its Blockchain Play: Term Sheet for Tuesday, April 9

On deals and dealmakers. FRIENDS ON THE BLOCKCHAINFacebook wants VC dollars. The New York Times' Nathaniel Popper tweeted yesterday that sources tell him Facebook is looking to get venture .....»»

Category: europeSource: fortuneApr 9th, 2019