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March 23: The Lensman`s view
March 23: The Lensman`s view
Billionaire Warren Buffett speaks during a news conference in Bangalore
Billionaire Warren Buffett, on a visit to Bangalore in India, said he saw significant growth in global output over the next year, in a television interview on Wednesday.
On Tuesday, Buffett had said he was looking to invest in large countries like India, China and Brazil, but added that restrictions on foreign ownership in India's insurance industry could act as a deterrent in the sector.
Buffett heads Berkshire Hathaway, which has substantial insurance and utility investments globally.
(Pictures by Saggere Radhakrishna)
The ford logo is seen on the assembly line of the Ford Ranger truck at Ford truck manufacturing plant located in Rayong province
Ford Motor said on Wednesday it planned to introduce eight new vehicles into Southeast Asia over the next five years as part of its effort to win market share in the fast-growing region.
The second-largest US automaker has had a "favourable" year so far with sales across the region over the past two months rising 175%, driven by sales of its Fiesta small cars, Peter Fleet, president of Ford ASEAN, told Reuters.
"We are very serious about growth in this region," Fleet said in an interview, adding it would be using its manufacturing base in Thailand as the hub for that growth in countries of the Association of Southeast Asian Nations (ASEAN).
A Libyan holds a portrait of Libya's leader Muammar Gaddafi, while standing beside a crater caused by coalition air strikes, at a naval military facility in eastern Tripoli
Western powers attacking Libya will end up in the dustbin of history, Muammar Gaddafi said as his troops held back rebels despite 4 nights of air strikes.
While Western air power has grounded Gaddafi's warplanes and pushed back his forces from the brink of rebel stronghold Benghazi, disorganised and poorly equipped insurgents have failed to capitalise on the ground and remain pinned down.
The rebels have been unable to dislodge Gaddafi's forces from the key junction of Ajdabiyah in the east, while government tanks are besieging the last big rebel hold-out of Misrata. There is big risk of stalemate on the ground, analysts say.
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