joint venture

Cazenove and JPMorgan are to reach an agreement on joint venture’s share price

September 21, 2009 - 5:36am | Banks and internet banks | News

As it became known from the Independent on Sunday newspaper, senior management at Cazenove and JPMorgan are to reach an agreement, concerning a price for Cazenove's share of their J. P. Morgan Cazenove joint venture by the end of the year. The joint venture was created in 2005. And in compliance with the terms of the deal there are options for JPMorgan to buy or Cazenove to sell its interest in the joint venture in February 2010.

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John J. Mack to leave CEO post at Morgan Stanley

September 11, 2009 - 12:44am | Investment industry | News

John J. Mack will step down as CEO of Morgan Stanley in January but will continue as chairman, the investment bank announced Thursday.

Mack will be succeeded by Co-President James P. Gorman.

Robert Kidder, lead director of Morgan Stanley, said in a statement that Mack told the board 18 months ago he wanted to step back from the CEO role when he turns 65 in November. Mack has led Morgan Stanley for four years.

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Global Payments Asia-Pacific introduces a broadband based POS solution

August 7, 2009 - 3:36am | News | Payment systems

HSBC and Global Payments’s joint venture, Global Payments Asia-Pacific Ltd, unveiled its new Global BroadbandPay, introducing it as "an Internet Protocol (IP)-based point-of-sale solution that provides merchants with fast, secure and reliable card acceptance services across the Asia-Pacific region”

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Alibaba.com expands to India

August 4, 2009 - 8:26am | News | Other themes

David Wei, CEO at Alibaba, said on Monday that Alibaba.com Ltd. is weighing to create a joint venture in India to provide business-to-business e-commerce services. The new company will be similar to the joint venture Alibaba.com set up with Japanese mobile-phone and Internet company Softbank Corp. The Japanese joint venture caters to local small and midsize businesses.

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HSBC is seeking to establish an investment unit in China

August 4, 2009 - 6:31am | Banks and internet banks | News

HSBC executive director and chairman for Asia-Pacific, Vincent Cheng said in an interview for Reuters that the bank is in talks with potential partners to set up an investment banking joint venture in China, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth. The move will allow the bank to expand into China`s domestic securities and debt markets.

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Visa and US Bank create joint venture Syncada for B2B payment processing

July 30, 2009 - 7:20am | News | Other themes

Visa and U.S. Bank have declared the launch of Syncada, a joint venture that allows financial institutions of all sizes to offer their commercial clients standardized business-to-business invoice processing, financing and payment services across a variety of payment types and local currencies. Besides, by offering the network`s services to buyer and supplier clients, financial institutions can build transactions and credit-based treasury management business. As part of the joint venture, Visa has made a capital investment in Syncada.

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Travelport launches joint venture with PSP International

July 8, 2009 - 9:31am | News | Payment systems

Travelport announced its partnership with payment processor PSP International for a payment, settlement and reporting platform for agencies and other travel suppliers, including airlines. The agreement was completed on June 24.

Gordon Wilson, Travelport GDS president and CEO, said that the joint venture is running, and the partners are working to expand the payment offering beyond its Australian roots to key markets in Europe and North America.

eNett platform | joint venture | PSP International | Travelport

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ICBC purchases 70% of Bank of East Asia’s Canadian unit

June 5, 2009 - 7:26am | Banks and internet banks | News

The world's largest bank by market value Industrial and Commercial Bank of China (ICBC) declared on Thursday about its intension to acquire 70% of Bank of East Asia's Canadian unit. In such a way ICBS is expanding overseas.

According to those both banks, ICBC will pay $73 million (HK$567 million) for the stake. Also they added that Hong Kong-based Bank of East Asia would buy out ICBC in ICEA Finance, their Hong Kong joint venture.

Bank of East Asia | Canada | ICBC | ICEA Finance | joint venture

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Sharp and Pioneer set up joint venture

April 9, 2009 - 6:46am | News | Other themes

Sharp and Pioneer revealed their intention to set up a collaboration by creating a joint venture to merge their optical disc businesses. The companies are joining in effort to strengthen one of their focus operations and capture a leading position in the growing Blu-ray disc market. The new joint venture, which aims to start operating in October, will develop, produce and sell optical disc drives, recorders and players.

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New joint venture of Deutsche Bank

January 9, 2009 - 7:33am | News

Deutsche Bank and Shanxi Securities Co. Ltd. have announced that their decision on forming a new securities joint venture, "Zhong De Securities Company Limited", has been approved by the China Securities Regulatory Commission (CSRC). The approval has provided the last major license for bank’s main global businesses to work in China.

Deutsche Bank | joint venture | Shanxi Securities Co. Ltd.

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Visa Inc. forms a joint venture with Yalamanchili Software Exports

December 2, 2008 - 2:40pm | News | Plastic cards

Visa Inc. and YALAMANCHILI Software Exports (P) Limited, payments processor and software products and solutions company, today announced that they have formed a joint venture that will allow Visa to extend its industry-leading processing capabilities in some of the fastest-growing payments regions in the world.

joint venture | payment procesing | Visa Inc | YALAMANCHILI Software Exports

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