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.» Read More
Wal-Mart's move also comes after China said last month it will allow full foreign ownership of some e-commerce businesses, with the goal of encouraging foreign investment and the development and competitiveness of the sector. "1/ 8 Yihaodian's 3/ 8 local experience, combined with Walmart's global sourcing and our strong local retail presence and supply chain...
*Tesco's Malaysia business worth 900 mln pounds- sources. KUALA LUMPUR, July 7- Japan's Aeon Co Ltd is interested in buying the Malaysian operations of Britain's Tesco PLC, valued at about 900 million pounds, people familiar with the matter told Reuters. The Japanese retailer has 28 hypermarkets in the country and plans to open 100 more stores in various formats by...
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.
SAO PAULO/ PARIS, April 9- Brazilian tycoon Abilio Diniz is in talks to raise his 5.07 percent stake in Carrefour SA and has the support of major shareholders to take a board seat in the retailer, a source with knowledge of the situation said on Thursday. Diniz, who is Carrefour's fourth-biggest shareholder behind France's Moulin family, billionaire Bernard...
SHANGHAI, March 15- Car makers, including Volkswagen AG, Nissan Motor Co and Daimler AG's Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers. China is the world's top auto market, and media criticism can dent reputations and drag on sales. iPhone maker Apple Inc made a...
SHANGHAI, March 15- Carmakers including Volkswagen AG, Nissan Motor Co Ltd and Daimler AG were scrambling late on Sunday after China's annual consumer rights day TV show said the firms oversold repairs and spare parts to drivers. China is the world's top auto market, and media criticism can dent reputations and drag on sales. iPhone maker Apple Inc made a rare...
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.
Cross-investment between India and Japan has been relatively small, but economic reboots via Abenomics and Modinomics may change that, Nomura said.
European shares closed lower on Thursday, as investors shunned riskier assets due to a resurgence in concerns about Russia and sanctioning.
Tesco management pleaded with shareholders to remain patient at a heated annual meeting on Friday.
Combined a host of luxury brands into the LVMH conglomerate, along the way distilling a magic elixir of design, production, and above all marketing.
British supermarket giant Tesco reported a dip in group sales compared to last year, highlighting the challenges it faces in the U.K. and Europe.
Carrefour, Europe's biggest retailer, said underlying sales growth accelerated in the first quarter, driven by Brazil, the group's second largest market.