Infrastructure is the next sector to move, easy to finance, long term project, direct impact on unemployment... Should see that move in Europe quickly as it's starting to move in china
BN 11/13 04:49 *LACK OF INFRASTRUCTURE IS MOST COMMON GLBOAL CHALLENGE: WALSH
BN 11/13 04:49 *RIO TINTO CEO SAM WALSH COMMENTS IN SPEECH IN BRISBANE
BN 11/13 04:49 *RIO TINTO SAYS G20, BUSINESS MUST SUPPORT DEVELOPING WORLD
BN 11/13 04:49 *RIO TINTO CEO SAM WALSH COMMENTS IN SPEECH IN BRISBANE
BN 11/13 04:49 *RIO TINTO SAYS G20, BUSINESS MUST SUPPORT DEVELOPING WORLD
Rio Tinto Urges G-20 to Focus on Infrastructure, Corruption
2014-11-13 04:54:47.872 GMT
By David Stringer
Nov. 13 (Bloomberg) -- Developed nations and businesses can
support emerging economies to improve infrastructure and drive
out corruption to support investment, Rio Tinto CEO Sam Walsh
says in a speech in Brisbane.
* Co. finds the most common challenge in the 40 countries in
which it operates is “lack of infrastructure,” Walsh says
* Citizens of under-developed nations want a better life and
everyone benefits from their prosperity: Walsh
* Questioning the merits of global economic growth “is a
luxury enjoyed by those whose reference frame has been
distorted by comfort and wealth,” Walsh says
* NOTE: Co. said earlier it hopes to see progress in Mongolia
on stalled Oyu Tolgoi mine expansion: {NSN NETERK6K50YN
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Link to Company News:{RIO LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
David Stringer in Melbourne at +61-3-9228-8737 or
dstringer3@bloomberg.net
To contact the editor responsible for this story:
Victoria Batchelor at +61-2-9777-8674 or
vbatchelor@bloomberg.net
2014-11-13 04:54:47.872 GMT
By David Stringer
Nov. 13 (Bloomberg) -- Developed nations and businesses can
support emerging economies to improve infrastructure and drive
out corruption to support investment, Rio Tinto CEO Sam Walsh
says in a speech in Brisbane.
* Co. finds the most common challenge in the 40 countries in
which it operates is “lack of infrastructure,” Walsh says
* Citizens of under-developed nations want a better life and
everyone benefits from their prosperity: Walsh
* Questioning the merits of global economic growth “is a
luxury enjoyed by those whose reference frame has been
distorted by comfort and wealth,” Walsh says
* NOTE: Co. said earlier it hopes to see progress in Mongolia
on stalled Oyu Tolgoi mine expansion: {NSN NETERK6K50YN
<GO>}
Link to Company News:{RIO LN <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
David Stringer in Melbourne at +61-3-9228-8737 or
dstringer3@bloomberg.net
To contact the editor responsible for this story:
Victoria Batchelor at +61-2-9777-8674 or
vbatchelor@bloomberg.net