World No. 2 retailer Carrefour said sales growth slowed in the fourth quarter, as deadly November Paris attacks and unseasonably warm weather weighed on its core French business.» Read More
European stocks closed sharply higher on Friday, buoyed by a recovery in oil prices and dovish remarks from the ECB.
European markets finished deep into negative territory on Friday, as oil prices slumped below $30 per barrel.
European markets climbed off session lows to close slightly lower as investors reacted to a fresh jobs report from the U.S. and OPEC.
SAO PAULO, Oct 29- GPA SA, Brazil's biggest retailer, posted an unexpected quarterly loss on Thursday due to weak sales, faster inflation and costly layoffs, highlighting the deepening crisis for retailers in Latin America's largest economy. With Brazil's economy suffering its worst recession in 25 years and consumer prices climbing nearly 10 percent in a year,...
SHANGHAI, Oct 9- A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday. Wal-Mart, France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years in China, losing market share to local rivals,...
Dmitriy Smilianets, 32, pleaded guilty on Wednesday in federal court in Camden, New Jersey, to conspiring to commit wire fraud, three years after his arrest in what authorities say was the largest computer hacking scheme ever prosecuted in the United States. Smilianets, a Moscow resident, made his plea a day after another Russian, Vladimir Drinkman, 34, pleaded...
Vladimir Drinkman, 34, admitted to conspiring to illegally access computers and conspiring to commit wire fraud before Chief Judge Jerome Simandle of the federal district court in Camden, New Jersey, federal prosecutors said. Sixteen companies' networks were infiltrated, including those of Nasdaq OMX Group Inc, 7- Eleven, France's Carrefour SA, JC Penney Co,...
European equities closed higher on Friday after a choppy end to trading in July, as investors eyed key earnings and data from the U.S., and slipping commodity prices.
Carrefour, the world's second-largest retailer, posted stronger-than-expected first-half operating profit on Friday, driven by a recovering Europe and resilient Brazilian operations.
Europe finished higher on Thursday after Greece's parliament approved Prime Minister Tsipras' reforms plan and the ECB extended its emergency funding.
Foreign supermarket and hypermarket chains are struggling to compete in China, moving to revamp store formats and sell online. The Financial Times reports.
European shares closed higher Friday as markets resumed a rally on the back of extra liquidity in the euro zone and some major merger and acquisition news this week.
Egypt is a safe place for investment, according to the country's prime minister.
European equities ended higher on Thursday after the ECB's President Mario Draghi set a date for sovereign bond purchases to start.
European equities were mostly higher on Friday, but Swiss stocks weighed on wider benchmarks.
German discount grocery chain Aldi is considering entering China as it seeks growth outside its traditional markets, according to a German magazine.
New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.
European shares closed lower on Thursday after trimming losses, tracking U.S. markets which partially recovered after visiting correction territory.
Carrefour, the world's second-biggest retailer, said on Thursday that like-for-like sales growth slowed in the third quarter, reflecting low consumer sentiment in austerity-hit southern Europe, and falling fruit and vegetable prices across the region.
Some of the names on the move ahead of the open.