Siemens AG's new orders for its power-transmission grids have slowed in the second half, partly because political upheaval has brought infrastructure spending in North Africa to a standstill, the head of the unit said. 

Siemens will probably generate new orders of about 7 billion euros ($9.6 billion) at the power transmission unit in the year ending Sept. 30, Udo Niehage, who runs the subsidiary, said in an interview. In the first half, the order intake reached almost 4 billion euros. Orders for 2011 will still exceed last year, when the intake reached 6.77 billion euros. Read the complete article

Newspaper source : Bloomberg Businessweek