The Traderszone Network

Published in TZ Latest News 12 November, 2014 by The TZ Newswire Staff

GE says infrastructure demand to boost orders for developing markets

General Electric Co (GE.N) expects developing markets to be a “huge engine” of growth due to demand for the company’s products that provide infrastructure in these countries, GE’s top international executive said on Wednesday. GE, which is increasingly focused on industrial products such as jet engines, power turbines and oil and gas equipment, should see double-digit percentage increases in orders in developing countries for the “foreseeable future,” said John Rice, vice chairman and president of GE’s global growth organization.

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