India's GVK to keep stake in Australian coal project for now: executive
NEW DELHI (Reuters) - India's GVK Power and Infrastructure (GVKP.NS) has no plans as of yet to cut its share in the A$10 billion Alpha coal project in Australia's Queensland state, GVK Chairman G V K Reddy said on Wednesday.
The Alpha project is being run by Hancock Coal, 79 percent owned by GVK and 21 percent owned by Australia's richest person, Gina Rinehart.
The project has a mine life of more than 30 years, and would produce 32 million metric tons a year.
(Reporting by Malini Menon; Editing by Jo Winterbottom)
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.