Tehran Times Economic Desk

---------------- Rio Tinto secures Alcan takeover
Anglo-Australian mining group Rio Tinto has said its 38.1 billion dollar (19 billion pound) bid to buy Canada's Alcan has been successful -- securing almost 80 percent of Alcan's shares.
The deal will make Rio Tinto the world's largest producer of aluminum and bauxite, BBC reported.
In May this year, Alcan rejected a 27 billion dollar hostile takeover bid from U.S. miner Alcoa on the grounds that it undervalued the firm.
----------Yahoo to announce new Asia mobile tie-ups
Yahoo Inc. expects to announce a series of partnerships with mobile carriers in Asia in coming weeks, as it looks to its mobile services division for growth.
The U.S. Internet giant has been in talks with operators in Taiwan, South Korea, Hong Kong, and Malaysia -- countries that boast some of the region's highest mobile penetration rates -- for new tie-ups for its mobile services, Reuters quoted President Susan Decker as saying.
Yahoo's mobile division works with more than 80 operators and telephone makers, including Vodafone Group Plc., Nokia, and BlackBerry maker Research in Motion.
------------Chrysler plans to form India production venture
Chrysler LLC, the U.S. automaker most dependent on the domestic market, plans to form a production venture in India because of rising vehicle sales in the world's second most populous country, Bloomberg reported.
Overseas automakers, led by Suzuki Motor Corp. and Hyundai Motor Co., have raised output in India as economic growth makes cars affordable to more people.
Chrysler aims to sell half the vehicles it makes outside of North America, compared with 8 percent last year.
-----------Dubai biggest textile fashion market for Europe
The UAE, particularly Dubai, is the biggest textile fashion market among the six Persian Gulf countries for European products, Bloomberg reported.
Based on the report, the UK topped the other European countries in terms of textile exports to the UAE and the whole Persian Gulf market, whose clothing imports from the European Union (EU) rose by 14 percent to 465 million dollars during the first six months of 2007.
Aside from the UAE, Qatar and Kuwait are also increasingly becoming relevant markets for European textiles.
-------------- Jaguar wants buyer soon: report
The head of British luxury automaker Jaguar hopes to find a buyer soon after ailing U.S. auto giant Ford Motor Corp. put the firm up for sale, AFP reported Wednesday.
Ford, which posted net losses of 12.6 billion dollars in 2006 and is restructuring its activities in North America, announced in June that it planned to offload British subsidiaries Jaguar and Land Rover.
-------------- Boeing profit up, cuts 2008 revenue forecast
Boeing Co. said on Wednesday third quarter profit rose more than expected, helped by higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner.
The world’s biggest jet maker, which is also the No. 2 U.S. defense contractor, reported quarterly net profit of 1.1 billion dollars, or 1.44 dollars per share, compared with 694 million dollars, or 89 cents per share, a year earlier, Reuters reported.
Boeing said it now expects 2008 revenue of 67.5 billion dollars to 68.5 billion dollars, down from its previous estimate of 71 billion dollars to 72 billion dollars. Analysts were expecting 71.2 billion dollars, on average.
--------- Freeport profit more than doubles on Phelps purchase
Freeport-McMoRan Copper & Gold Inc., the world's second largest copper producer, said third quarter profit more than doubled, boosted by rising metal prices and the acquisition of Phelps Dodge Corp., based on Bloomberg.
Freeport, which owns the Grasberg operation in Indonesia, acquired 11 mines and processing plants in the Americas and a project in the Democratic Republic of Congo with the 26 billion dollar purchase of Phelps Dodge.
The deal made Freeport the world's second biggest copper producer, behind Chile's state-owned Codelco, and the largest molybdenum miner.
Freeport is the world's fifth largest gold producer. Barrick Gold Corp., based in Toronto, is the biggest.
-------------- Nissan still interested in U.S. partner
Carlos Ghosn, who heads the automakers Nissan of Japan and Renault of France, said Wednesday he remains interested in a partnership with a major U.S. automaker, although he is not in talks or aggressively looking just yet.
Nissan Chief Executive Carlos Ghosn told AP reporters the timing wasn't right to expand the Nissan-Renault alliance, formed in 1999.
Ghosn noted he has made the collaboration between Nissan and Renault work to the benefit of both companies.
Nissan was on the verge of collapse before entering the alliance and has now turned around its business. Renault has also gained in status, size, and engineering as an automaker by joining forces with Nissan.