The 21 leaders of the APEC countries dwarfed by the Sydney Opera House. It is traditional for the leaders to be attired in the national dress of the host country. In Australia, it's some type of black overcoat. Australian Prime Minister John Howard, is flanked on his right by Malaysian Prime Minister Abdullah Badawi and on his left by New Zealand Prime Minister Helen Clark. In 2007 the Australian Government hosts the Asia-Pacific Economic Cooperation (APEC) forum, which is being held on Sept 08/09. APEC is an inter-governmental forum facilitating economic growth and prosperity, cooperation, trade and investment in the Asia-Pacific region, and operates on the basis of non-binding commitments, open dialogue and equal respect for the views of all participants regardless of the size of their economy. Established as an Australian initiative in 1989, when Canberra hosted the first informal dialogue with 12 members, the forum has since grown to include 21 member economies and over 100 formal and informal dialogues and meetings annually. The 21 APEC members, referred to as 'Member Economies', are Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States and Viet Nam.

The Wall Street Journal Asia reported that Pacific Rim nations on Friday reached agreement on a joint statement on global warming, overcoming bickering between rich and poor nations about whether to include targets on emissions, two Asian officials said.

Experts from the 21-member Asia Pacific Economic Cooperation forum approved the wording of a final draft statement on climate change that would be handed to leaders at their summit starting Saturday, the officials said.

If the leaders agree to the statement in its current form, it would be a big victory for the goal of Australia and the U.S. to have China -- one of the world's biggest polluters -- and other developing nations commit to quantifiable goals to tackle climate change.

One official involved in the talks, Indonesia's Salman Al-Farisi, said the draft statement included agreement on setting an "energy intensity" reducing target -- a major concession by poorer nations that had earlier refused to consider including any quantifiable goals.

The target was for all 21 APEC members to work toward a 25% reduction of energy intensity by 2030, said a Southeast Asian officials involved in the talks, speaking on condition of anonymity because he was not authorized to release the information.

Swedish telecommunications equipment supplier Ericsson on Friday said it has won a $1.3 billion contract from India's state-run Bharat Sanchar Nigam Ltd. to supply telecom equipment and services, a deal that gives Ericsson a stronger position in the booming Indian market.

Under the agreement, Ericsson will be responsible for the expansion and upgrade of BSNL's existing global system for mobile communication network and the introduction of WCDMA/HSPA functionality, it said in a statement.

Global steel prices are expected to rise if China goes ahead in October to reduce or end the incentives that promote steel exports and keep prices in non-Chinese markets down.

China has already cut a tax-related rebate on exports of low-end, low-profit steel exports and is expected next month to reduce or eliminate the rebate on exports of some higher-value, higher-profit steel products, in an effort to slow the production of steel and encourage consolidation, which in turn would help the government curb pollution and energy consumption.

The loss of the rebates -- and the anticipated impact of reducing the amount of Chinese steel in the open market -- is viewed as good news for European and US steel producers, as many of them have invested heavily in upgrading their mills or buying rivals that produce the higher-profit steel.

However, it will mean higher prices for steel-buying customers. China, is the world's biggest producer of steel and steel prices world-wide have increased since China began eliminating the export incentives, and the expected October move could force car makers, appliance manufacturers and others to pay even more for the steel they use.

Jo Johnson in the FT wrote this week that India's judicial system has failed to keep up with the accelerating economy. The number of cases pending before the Supreme Court stood at 43,580 in June, up from 19,806 in 1998. There are 3.7m cases lodged in the high courts and 25m in lower courts. The World Bank ranked India 173rd out of 175 countries for contract enforcement last year, ahead only of Bangladesh and Timor-Leste. An employment termination dispute can take 20 years to resolve. It takes on average 3.9 years to enforce a contract, compared with less than 10 months in China. Costs eat 40 per cent of a claim's value.

Joohnson wrote that asked to rule on a land dispute that has been stuck in the Indian legal system for half a century, the Supreme Court this week finally snapped. Noting that the country's courts had seized up beneath a backlog of millions of cases, many of them decades old, it expressed "serious concern" for the rule of law in India. "People in India are simply disgusted with this state of affairs and are fast losing faith in the judiciary because of the inordinate delay in disposal of cases," the bench, consisting of justices A.K. Mathur and Markandey Katju, said.

Filed in 1957 by a farmer who is long dead, the case droned on across the decades, consuming lawyers and litigants alike. "This scarecrow of a suit has in course of time become so complicated that no man alive knows what it means," the justices said, quoting Dickens' fictional description of Jarndyce and Jarndyce in Bleak House. "Innumerable children have been born into the cause; innumerable young people have married into it; innumerable old people have died out of it. Scores of persons have deliriously found themselves made parties [to it] without knowing how or why. It drags its dreary length before the court, perennially hopeless."

In a speech in the Netherlands on Sept 3rd, EU Trade Commissioner Peter Mandelson offered his assessment of the recent debate on anti-dumping duties on energy-saving light bulbs as an example of the complex problems thrown up by globalisation in Europe.

As the European Commission approaches the publication of recommendations in its review of Trade Defence Instruments, Mandelson said that the light bulbs debate has emphasised the issues that need to be addressed.

Mandelson said: "Imposing punitive measures raises a cheer for politicians. It may provide some temporary relief. It is often both justified and right. But if it is inhibiting European companies from pursuing rational production strategies - or as in the lightbulbs case, flying in the face of our stated policy on energy conservation and the realities of production in Europe - it can also be counterproductive…. How do we define what is a European company in a world of global supply chains and multi-national assembly lines? The Commission's proposal in the energy-saving light bulb case was to build a consensus that accepted the duties were no longer warranted and should be scrapped, but that they should be removed over the course of a year to allow time for adjustment to new patterns of trade and production. We will probably not please anyone fully - which is the sign that we struck the right balance.

In the coming weeks the Commission will be considering a review of its trade defence instruments… All the arguments should be aired. Through the proposals I shall be putting forward for the review of trade defence instruments, I want to give the lead to a constructive debate, not a divisive one. A debate that strengthens our unity in pursuit of modern, strong and effective trade policy."

Read the full speech

Malaysian Prime Minister Abdullah Badawi presented the 2008 Budget to parliament on Friday.

Malaysia will cut corporate tax to 25 percent in 2009, from 27 percent now, and a cut to 26 percent is already planned for 2008 from last year's budget.

Malaysia's economy is expected to grow faster in 2008, expanding by between 6.0 and 6.5 percent from an expected 6.0 percent in 2007, as public spending and a robust services sector soften the blow from any external shocks, the government said.

FINFACTS REPORTS THIS WEEK RELATED TO ASIA-PACIFIC

Emerging Markets closing the gap on Developed Countries in the race for international acquisitions
Deal flow between emerging and developed economies is beginning to converge as companies from the BRIC nations (Brazil, Russia, India and China) start to ramp up their mergers and acquisitions activity, according to KPMG’s Emerging Markets International Acquisitions Tracker.

World Bank Group directs $34.3 billion in 2007 to boost growth and overcome poverty
During fiscal year 2007, ending June 30, the World Bank Group committed US $34.3 billion in loans, grants, equity investments, and guarantees to its members and to private business in its member countries – up $2.7 billion (7.8 percent) from fiscal year 2006.

Global FDI flows set to dip in 2008 after hitting a new record in 2007; Ireland falls in Business Environment rankings
Global foreign direct investment (FDI) inflows in 2007 are set to reach US$1.5trn, above the record total of US$1.4trn achieved in 2000, according to World Investment Prospects to 2011: Foreign direct investment and the challenge of political risk. The report, produced by the Economist Intelligence Unit in co-operation with the Columbia Program on International Investment (CPII), predicts that there will be a modest and temporary decline in global FDI inflows in 2008, on the back of slowing mergers and acquisitions (M&As) activity, before a resumption of steady growth in 2009-11.

IMF says global growth is likely to be affected by market disruptions but should still remain strong
The recent turbulence in credit markets-stemming from problems in the US subprime mortgage market-has reverberated across global capital markets in recent weeks, and raised worries about implications for the real economy. Everything seems to indicate that the impact on the risk pricing of some financial assets will be felt in the medium term, according to outgoing Managing Direct of the International Monetary Fund (IMF), Rodrigo de Rato.

ACCESS TO NEW REPORTS FROM OTHER SOURCES

Indian Law Frees Users from Telemarketers - - The country's new Do Not Call directive will offer 230 million telecom subscribers relief from unwanted telemarketing calls

We need more infrastructure spending: PC - - India has to raise investment in infrastructure to 8 per cent of its gross domestic product in the next five years from 4.6 per cent now if the economy is to grow by 9 per cent a year, the finance minister said on Thursday.

India Inc on top in Forbes list - - China may be the 'world's factory,' but Indian companies, led by software giants TCS and Infosys, continue to outshine and dominate the annual ranking of big-cap, profitable companies in Asia.

APEC ministers agree to push for WTO deal - - Asia-Pacific ministers agreed on Thursday to accelerate global free-trade talks, saying that negotiations were at a crucial and probably final phase.

Indian Companies Hit Their Stride - - Newly confident, they're climbing the Asia BusinessWeek 50 with global ambitions

Asia First-Half Structured Bond Sales Rise to $29.1 Billion, Led by India  --  Sales of asset-backed securities and other structured bonds in Asia outside Japan rose 14 percent to $29.1 billion in the first half of the year, according to Moody's Investors Service.

BNP Upgrades Hong Kong Stocks; India, South Korea Cut to `Underweight'  - - BNP Paribas upgraded Hong Kong's stock market amid expectations the city's shares will benefit from a possible U.S. interest-rate cut.

Refiners in India Seek 15 Percent Increase in Diesel Prices to Cut Losses  - - Indian Oil Corp., the nation's biggest refiner, and its counterparts are seeking a 15 percent increase in retail prices of diesel to cut losses.

India Gets More Monsoon Rain Than Forecast, Boosting Crop Output Prospects  - - India received more rains in the first three months of the current monsoon season, boosting prospects for a record output of crops such as sugar and cotton.

Standard Chartered's Nargolwala Resigns; Bindra Gets Expanded Role in Asia  - - Credit Suisse Group, Switzerland's second-largest bank, hired Kai Nargolwala, Standard Chartered Plc's head of credit risk, as Asian chief executive officer.

China Raises Banks' Reserve Requirement to 12.5 Percent to Cool Economy  - - China ordered banks to put aside more money as reserves for the seventh time this year to cool lending and investment after inflation accelerated to a 10-year high.

Japan, China to Hold Tenth Round of Talks Over East China Sea Gas Dispute  - - Representatives for Japan and China, Asia's two biggest energy users, will meet on Sept. 21 for the 10th round of talks to resolve a dispute over natural gas fields in the East China Sea.

Bank of America to Invest $150 Million in China Construction Lease Venture  - - Bank of America Corp., the second- largest U.S. bank, will invest $150 million in a joint venture with China Construction Bank to lease power-generation and rail equipment in China.

PetroChina May Purchase $49 Billion of Australian Liquefied Natural Gas  - - PetroChina Co. agreed to buy as much as A$60 billion ($49 billion) of Australian liquefied natural gas in two accords signed this week, as China's demand for the fuel forces it to accept prices that have tripled in five years.

ICBC Plans More Emerging-Market Acquisitions, Will Expand Into Insurance  - - Industrial & Commercial Bank of China Ltd., the world's largest bank by market value, plans more acquisitions in emerging markets, Chairman Jiang Jianqing said.

Unauthorized iPhones on Sale in China - - It costs twice as much as in the U.S. and the device on sale at Chinese electronics markets doesn't work properly

HK Watch and Clock Fair opens - - The 26th Hong Kong Watch and Clock Fair was launched here Wednesday, with more than 800 exhibitors joining the event.

Pork prices in China decline for 4 consecutive weeks - - Pork prices in China fell for the fourth consecutive week during the week from Aug. 27 to Sept. 2 amid government efforts to increase supply, according to the Ministry of Commerce.

China to implement licensing system for shipbuilding - - China is ready to introduce a licensing system for ship building in a bid to phase out inefficient facilities and promote the upgrading of the industry, Wednesday's Shanghai Securities Journal reports.

Deutsche Bank: U.S. subprime crisis has limited impact on China economy - - China can still maintain robust economic growth even if the subprime credit crisis slowed down the U.S. economic growth, according to the Deutsche Bank AG.

China Rushes Upmarket - - In the face of scandals, Beijing shifts incentives to higher-quality exports

Huawei Seeks Compromise Over Late Deliveries - - The Chinese equipment maker wants Thailand's CAT Telecom to negotiate so Huawei can avoid a possible $618 million fine for missing a deadline

Chinese minister vows all exports will be risk-free - - Chinese Commerce Minister Bo Xilai told trade minister Akira Amari on Wednesday that China will not allow even "one-thousandth of a risk" involving the safety of its exports, including food, a Japanese official said.

Chinese 'matsutake' sales implode - - Chinese imports of "matsutake" mushrooms, a highly valued autumn delicacy, are a rare sight on supermarket shelves in Japan this fall as consumers shun Chinese products in the wake of a series of food safety scandals.

Trying Times for Transformers Toymaker - - The Mattel toy-recall fallout is hurting the stock of Japanese supplier Tomy, which is hoping to cash in on the film's Japan release

Nippon Steel ups profit forecast - - Nippon Steel Corp. said Thursday it has raised its profit forecasts for the first half of the business year and will pay a %5 per share dividend for the April-September period, up %1 from a year earlier.

Foreign cars feel bite of Japanese imports - - Japan's imported vehicle sales, including those built by Japanese carmakers abroad, surged 9.1 percent in August from a year ago to 18,096 vehicles, rising for the fourth straight month, industry data released Thursday show.

Shares Slide in Tokyo on U.S. Housing Concern, Yen Strength; Banks Decline  - - Japanese stocks declined after U.S. home foreclosures rose to a record and the European Central Bank lent emergency cash to banks.

Dollar Is Set for Weekly Decline Versus Euro, Yen, as Fed May Lower Rates  - - The dollar headed for a weekly decline against the euro and the yen on speculation the U.S. subprime-mortgage crisis will prompt the Federal Reserve to lower interest rates this month.

Japan's Bonds May Rise on Speculation Central Bank to Delay Rate Increase  - - Japanese government bonds may advance after the European Central Bank kept interest rates unchanged yesterday, strengthening expectations the Bank of Japan will keep borrowing costs on hold this month.

Bank of Japan Withdraws Cash From Financial System After Fed and ECB Add  - - The Bank of Japan drained 200 billion yen ($1.7 billion) from the financial system after central banks in the U.S. and Europe yesterday offered extra cash to institutions to help cut the cost of credit.

Yen Might Gain 10 Percent and Still Not Hurt Economy, Sakakibara Says  - - Japan's currency might gain more than 10 percent and still not hurt growth in the world's second- largest economy, said Eisuke Sakakibara, Japan's former top currency official.

Woodside in export bonanza - - WOODSIDE Petroleum has signed an agreement with China's largest energy company for the sale of liquefied natural gas (LNG), marking the largest export deal an Australian company has made.

Wednesday

China's Shenzhen Airlines: Going Mobile - - The carrier has announced plans to allow its travelers to use their cell phones during flights by 2009

WiMAX Helping Asia's Farmers - - From Cambodia to India, high-speed wireless services are transforming the region's agricultural outposts

Mattel Takes Back 675,000 Chinese-Made Barbie Toys, Third Recall This Year  - - Mattel Inc., the world's largest toymaker, recalled 675,000 pieces of Chinese-made Barbie toy furniture with paint that may contain excessive amounts of lead.

Asian Stocks Advance in U.S. Trading, Led by Sony, China Eastern Airlines  - - Asian stocks trading in the U.S. advanced for a second day after Sony Corp. announced an initial share offer of its finance unit, Japan's biggest this year. China Eastern Airlines Corp. soared after trading in its shares resumed following a stake sale.

Haitong Securities Plans to Raise $3.4 Billion Selling Shares in Shanghai  - - Haitong Securities Co. plans to raise as much as 26 billion yuan ($3.4 billion) in the biggest share sale by a Chinese brokerage, taking advantage of soaring valuations on the nation's exchanges.

China Cosco Surges on Plan to Buy Largest Dry-Bulk Fleet for $4.6 Billion  - - China Cosco Holdings Co. surged in Hong Kong trading after agreeing to buy the world's largest fleet of dry-bulk ships for 34.6 billion yuan ($4.6 billion) in cash and stock to tap rising imports of iron ore, coal and grain.

Toyota sets sights on industry sales record in 2008 - - On track to surpass General Motors Corp. as the world's No. 1 automaker this year, Toyota announced a plan Friday to sell 10.4 million vehicles worldwide next year, breaking an industry record of 9.55 million held by GM since 1978.

Gov't promises toxin-free farm produce - - The government will clamp down on the use of illegal or excessive chemicals in agricultural products in the latest move to restore confidence in food and product safety.

NYSE Euronext Wins China Approval to Set Up First Office by Foreign Market  - - NYSE Euronext, owner of the world's largest stock exchange, said it gained approval from Chinese regulators to open the first office by a foreign market in that country.

Emaar Properties Hires Citigroup, Merrill, Enam to Sell Shares in India  - - Emaar Properties PJSC, the Middle East's biggest real estate developer by market value, hired Citigroup Inc., Enam Financial Consultants and Merrill Lynch & Co. to sell shares in India, three bankers with direct knowledge of the transaction said.

ICICI Bank Raises $1.5 Billion in Overseas Loan, Biggest By Indian Lender  - - ICICI Bank Ltd., India's biggest lender to consumers, said it raised $1.5 billion in overseas loans to meet growing credit demand in the world's second most populous nation.

Coffee Ouput in India May Fall on Excess Rain, Adding to Global Shortage  - - Coffee output in India, Asia's third-biggest exporter of the commodity, may fall because of damage from excessive rainfall ahead of the harvest, likely worsening a global shortage forecast next year.

Reliance Buys Fuel Seller Gapco For Undisclosed Price to Expand in Africa  - - Reliance Industries Ltd., owner of the world's third-biggest refinery, bought fuel retailer Gulf Africa Petroleum Corp. to enter the African market.

Sensitive Index Has Longest Winning Streak in 16 Months; Cipla Advances  - - India's Sensitive Index climbed for an eighth day, its longest winning streak in 16 months. Cipla Ltd., the worst performer on the index in 2007, gained after some investors judged the 28 percent drop this year excessive.

Toshiba adds flash memory line - - Toshiba Corp. on Tuesday completed a new flash memory production line at its Yokkaichi plant in Mie Prefecture to help meet fast-growing demand for the component, which is used in mobile phones and portable music players.

Japan, Australia working on bilateral nuclear energy deal - - Japan and Australia plan to strengthen bilateral cooperation on the peaceful use of nuclear power, with Tokyo poised to secure a stable supply of uranium from the world's biggest uranium reserves holder, Japanese sources said Tuesday.

Stocks Rise in Tokyo After Yen Weakens; Toyota and Mitsubishi UFJ Climb  - - Japanese stocks advanced, after the yen weakened against the dollar, boosting the value of their overseas sales. Toyota Motor Corp. led gains by exporters after the company seized the No. 2 sales spot in the U.S. market.

Yen Falls Versus Euro as Stock Rally Spurs Investors to Resume Carry Trade  - - The yen fell for a third day against the euro as a rally in global stocks suggested traders are willing to resume riskier investments funded by loans in Japan.

Toyota Passes Ford in U.S. Vehicle Sales; GM, Nissan, Honda Post Increases  - - Ford Motor Co., in posting a 10th consecutive monthly sales decline, dropped to a spot it hasn't seen in more than 100 years: No. 3 in U.S. sales.

Gold Rises Most Since June, Silver Gains, on Improved U.S. Equity Outlook  - - Gold rose the most since June on speculation a rally in U.S. equities will boost investment demand for the precious metal. Silver also gained.

Lilly Cancer Drug Works in Asian Trials as Drugmaker Seeks Added Approvals  - - Eli Lilly & Co.'s Alimta was found safe and effective in lung-cancer studies in Japanese and Taiwanese patients, providing the U.S. company with data for bringing the drug to Asian markets.

Rate rise now more likely - - strong economic growth has increased the chance of another interest rate rise. But the betting on a move before year's end is still less than 50:50.

Korea free trade agreement urged - - AUSTRALIA'S farmers, fearing they will lose millions of dollars in business if a US-Korea free trade deal goes ahead, have urged the Federal Government to speed up Australia's own free trade agreement (FTA) with Korea.

Tuesday/Monday

Softbank to focus on small businesses to beat DoCoMo, KDDI - - Softbank Corp. expects to gain market share from NTT DoCoMo Inc. and KDDI Corp. by focusing on small businesses.

Wages fall eighth straight month - - Wages fell in July at their fastest pace in three years, hampering an expansion in consumer spending, the labor ministry said Monday.

Energy Stocks May Advance on Higher Crude Oil; Mitsubishi Heavy May Climb  - - Japanese energy-related stocks such as Itochu Corp. may rise after oil extended a four-week high.

Yen Strengthens Versus Euro as Investors Pare Carry Trade Before U.S. Data  - - The yen strengthened against the euro on speculation U.S. manufacturing is slowing because of losses from subprime mortgages, causing investors to sell higher- yielding assets bought with money borrowed in Japan.

Bonds May Decline for Third Day as Investors Prepare for 10-Year Auction  - - Japanese bonds may fall for a third day on speculation investors will demand higher yields at an auction of 10-year government securities today.

Oil Stalls Near Four-Week High on Signs Hurricane Won't Disrupt Production  - - Crude oil stalled near a four-week high in New York on signs a hurricane in the Caribbean may weaken and break up without threatening output in the Gulf of Mexico.

China sees balanced demand, supply of coal - - China's supply of coal largely managed to meet domestic demand in the first half of this year, sources with the National Reform and Development Commission said on Sunday.

3rd Northeast Asia Expo opens - - The 3rd Northeast Asia Investment and Trade Expo opened on Sunday in Changchun, capital of northeast China's Jilin Province.

China-Russia trade expects to surpass $40 bln this year - - Trade between China and Russia is expected to surpass 40 billion U.S. dollars this year, after it reached a record high of 33.4 billion dollars last year, Chinese Vice Minister of Commerce Wei Jianguo said here on Sunday.

WB report: greater transparency in APEC trade worth billions - - Potential trade gains from more transparent and predictable trade regulations among the Asia-Pacific Economic Cooperation (APEC) economies would be worth approximately 148 billion U.S. dollars to the region, a World Bank report released here Monday indicated.

China Cosco Buys Assets From Parent China Ocean Shipping for $4.6 Billion  - - China Cosco Holdings Co., Asia's largest container shipping line, agreed to pay 34.6 billion yuan ($4.6 billion) to buy assets from parent China Ocean Shipping (Group) Co.

HSBC to Pay $6.3 Billion to Become Biggest Investor in Korea Exchange Bank  - - HSBC Holdings Plc, Europe's biggest bank, agreed to pay about $6.3 billion for control of Korea Exchange Bank in the company's largest acquisition in Asia.

Singapore Air, Temasek Make $660 Million Profit on Stake in China Eastern  - - Singapore Airlines Ltd. and Temasek Holdings Pte. made an instant $660 million profit after buying a 24 percent stake in China Eastern Airlines Corp., widening their access to the world's fastest-growing aviation market.

China's Foreign Reserves Exclude U.S. Subprime Loans, Administrator Says  - - China's government, the world's second-biggest holder of U.S. Treasury bonds, said the country's foreign-currency reserves exclude loans to U.S. subprime mortgage borrowers.

China Sci-Tech May Raise $244 Million Selling Shares to Finance Expansion  - - China Sci-Tech Holdings Ltd., a telecommunications products maker and real estate investor, plans to raise as much as HK$1.9 billion ($244 million) selling shares to fund expansion into the mineral resources industry.

India's Benchmark Sensitive Index Rises; Tata Steel, Maruti Udyog Advance  - - India's Sensitive Index advanced for a seventh day, its longest winning streak in nine months. Tata Steel Ltd. led makers of the alloy higher after the company said it may raise prices of the metal.

Fujitsu Wins $1.5 Billion Contract for Undersea Cable From India's Flag  - - Fujitsu Ltd., Japan's biggest computer-services company, won a $1.5 billion contract to expand the optic fiber network of India's Flag Telecom Group Ltd.

India's July Trade Gap Widens to $5 Billion, Exports Increase 18.5 Percent  - - India's trade deficit widened in July as companies imported more oil, machinery and aircraft to keep up with soaring demand in the world's second-fastest growing major economy.

Plaza Centers to Invest $1.2 Billion; Develop Property in Bangalore, Pune  - - Plaza Centers NV, the developer of malls controlled by Israel's Elbit Medical Imaging Ltd., plans to invest 50 billion rupees ($1.2 billion) in India to build entertainment and commercial centers.

India Buys 795,000 Tons of Wheat From Glencore, Toepfer at Record Prices  - - Glencore International AG, Toepfer International and Starcom won contracts to supply 795,000 metric tons of wheat to India at record prices as the world's second- biggest consumer of the grain rebuilds its emergency reserves.