In a tight race to launch the world's first iron ore futures contract, India and Singapore could struggle to lure top consumer China because of Beijing's rigid overseas investment rules and India's recent policy moves.Exchanges in both Singapore and India want to cash in on the iron ore market, second in size only to crude oil, at a time when spot prices of the steelmaking ingredient are nearing record levels around $200 a tonne. Full story
Related:
India, Singapore eye China in iron ore futures race - IBN Live News
Singapore, India eye China in iron ore futures race - The Globe and Mail
