October 17, 2006	Tuesday	Ramazan 23, 1427

GENEVA, Oct 16: From Chinese computer giant Lenovo to Indian steel groups, companies from emerging nations are becoming leading investors abroad that are capable of taking over western multinationals, according to a UN report on Foreign Direct Investment released on Monday.

The investment trend is still in its infancy, but the UN Conference on Trade and Development (Unctad) predicted that it will continue to grow despite moves in some traditional industrialised economies to protect local firms.—AFP