 | Lanka eyes Qatari investment SRI LANKA looks forward to
investment from Qatar in infrastructure,
tourism and banking
sectors even as its economy is set
for an 8 percent growth in 2012,
Governor of Central Bank of Sri
Lanka Ajith Nivard Cabraal has
said.
Speaking to Qatar Tribune, on
Monday, Cabraal said...
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| | Rio Tinto plans to invest
$2 billion in Indian mines |
 MINING giant Rio Tinto said
on Monday it plans to invest
$2 billion in an iron ore project
in eastern India in what it
said would be Australia´s
"largest investment" in the
South Asian nation.
Sam Walsh, chief of the
Australia-based company´s
global iron ore operations,
said the project in the mineral-
rich eastern state of Orissa
would supply clients in India
and abroad.
"This would be Australia´s
largest investment in India,"
Walsh told reporters after a
meeting of Australian and
Indian business leaders in New
Delhi advising on ways to
clinch a free trade deal between
the two countries.
Walsh said he was unfazed
by huge difficulties encountered
by other metals companies
in ... | | | Europe risks chronic illness,
not rapid convalescence |
 THE eurozone is out of the
emergency ward, but it may
face a chronic debilitating illness
rather than a rapid convalescence.
The challenges confronting
Europe now are to avoid complacency,
rekindle economic
growth while cutting debt and
prevent national politics
pulling the currency area
apart.
Last week´s European
Union summit was the first in
two years that was not totally
dominated by fire-fighting in
the currency bloc´s sovereign
debt crisis. The relief was
audible.
"This was not - and that is
an innovation - a meeting
focused on crisis management,"
European
Commission President Jose
Manuel Barroso said. "It was
a meeting focused on
growth."
Three ... | | | Jaguar Land Rover, Chery seek
approval for $2.78 billion JV |  JAGUAR Land Rover and
Chery Automobile Co are
seeking regulatory approval
for a 17.5 billion yuan ($2.78
billion) car venture in eastern
China, two people with direct
knowledge of the deal told
Reuters on Monday.
The deal marks Jaguar
Land Rover´s latest effort to
expand its appeal in the
world´s largest auto market
where luxury sedans and
SUVs remain in hot demand
even as the overall car market
cools. The JLR-Chery venture,
to be located close to
Shanghai in Changshu city,
will make Land Rover SUVs
initially, followed by Jaguars
in the second phase, one person
told Reuters.
"The plan is still subject to
the approval of the National
Development ... | |
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