S.Korea's Daewoo E&C wins $521 million order in Saudi Arabia
SEOUL (Reuters) - Daewoo Engineering & Construction Co Ltd (047040.KS) said on Tuesday it won a 564.4 billion won ($521.49 million) order from Japan's JGC Corp (1963.T) to build naphtha treatment and other facilities for a refinery in Jazan, Saudi Arabia.
JGC Corp, which won a larger order from oil giant Saudi Aramco in November 2012, entered into a joint venture agreement with Daewoo, the South Korean builder said in a regulatory filing. The contract is expected to expire by February 2017, Daewoo said.
($1 = 1,082.27 Korean won)
(Reporting by Joyce Lee; Editing by Matt Driskill)
DETROIT/NEW YORK - Ford Motor Co's board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
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.