South Korea's Doosan Heavy says wins $1 billion order in Saudi Arabia
SEOUL (Reuters) - Doosan Heavy Industries and Construction Co Ltd (034020.KS) said on Monday it won a 1.1 trillion won ($1.02 billion) order to build a desalination plant in the Yanbu Industrial Area, Saudi Arabia, from the country's Saline Water Conversion Corporation.
The South Korean company said in a regulatory filing the contract is set to be completed by July 2016, with construction expected to take 42 months from the site hand-over date.
($1 = 1081.6500 Korean won)
(Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
BEIJING - U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
- The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. | Video
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.