Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, January 10, 2011

UK, Chinese firms sign 2.6 bln pounds of deals, (TAMO), (BP), (TAMO), (KYS)

British and Chinese companies signed business deals worth around 2.6 billion pounds ($4 billion) on Monday, including an agreement to increase sales of Jaguar Land Rover (TAMO.BO) vehicles to China, Britain said. Oil major BP (BP.L) and the China National Offshore Oil Corp signed an agreement on deepwater exploration in the South China Sea, the British government said, but gave no details. Jaguar Land Rover, a unit of Tata Motors (TAMO.BO), has committed to sell some 40,000 Jaguar and Land Rover vehicles, worth more than one billion pounds, in China in 2011, it said. China Nonferrous Metals International Mining signed a cooperation agreement with Kryso Resources plc (KYS.L).

Source