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  • 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...

  • SEOUL/ HONG KONG, July 2- Carlyle Group and MBK Partners are among the shortlisted bidders for Tesco PLC's South Korea business which is valued at about $6 billion, people familiar with the matter told Reuters on Thursday. Goldman Sachs' private equity arm and Affinity Equity Partners were also on the list, the people added, declining to be named due to the...

  • SINGAPORE/ HONG KONG, June 30- The volume of Asia ex- Japan mergers and acquisitions surged to a record $640 billion in the first half, preliminary data released by Thomson Reuters showed, driven by the deal-making spree of Hong Kong tycoon Li Ka- shing. "M&A volumes have increased substantially for Asia ex- Japan, driven primary by restructuring in Greater China," said...

  • Europe closes mixed, with no Greece progress Thursday, 25 Jun 2015 | 11:30 AM ET
    Tourists visit Acropolis Hill in Athens, June 23, 2015.

    European equities closed mixed on Thursday after wobbling in earlier trade, as hopes for a deal between Greece and its creditors seemed to fade.

  • June 18- Internet search giant Google Inc and private equity fund Permira are in talks to make a joint bid for British retailer Tesco Plc's customer data business, a source familiar with the matter said. Tesco appointed Goldman Sachs to explore strategic options for Dunnhumby after announcing a plan to slash costs and sell assets in January.

  • Minions shows how 'merch' makes money for movies Thursday, 18 Jun 2015 | 6:28 AM ET
    The Minions

    Even without awards, a motion picture with memorable characters will win over the hearts - and wallets - of people everywhere.

  • European stocks close higher on Greece hopes Wednesday, 10 Jun 2015 | 11:30 AM ET
    Greece debt Euro

    European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.

  • Sainsbury's sales fall for sixth straight quarter Wednesday, 10 Jun 2015 | 2:15 AM ET

    Supermarket group says sales at stores open over a year fell 2.1 percent in the 12 weeks to June 6.

  • HONG KONG/ SEOUL, June 9- British retailer Tesco Plc has invited at least six firms including KKR& Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters. If sold to private equity for $6 billion- which the sources say represents the equity value of Homeplus- the sale would be Asia's...

  • HONG KONG, June 9- British retailer Tesco Plc has invited about six firms including KKR& Co and Carlyle Group to bid for its South Korean unit, valued at about $6 billion, people familiar with the matter told Reuters. Tesco and its advisor HSBC sent out an information package with the unit's financial details last week, asking the firms to submit indicative bids...

  • SEOUL, June 9- Hyundai Department Store Co Ltd is considering bidding for Tesco Plc's South Korean unit, but nothing has been decided, a Hyundai spokesman said on Tuesday. Troubled British retailer Tesco has hired HSBC to explore a sale of its South Korean operations, valued at about $6 billion, people familiar with the matter told Reuters last week.

  • Europe ekes out gains to close higher after PMIs Thursday, 21 May 2015 | 11:31 AM ET

    European equities finished higher on Thursday as investors digested fresh data from the euro zone.

  • Europe ends mixed as investors digest earnings Wednesday, 22 Apr 2015 | 12:23 PM ET

    European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.

  • Struggling Tesco posts pre-tax loss of $9.5B Wednesday, 22 Apr 2015 | 2:05 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Struggling U.K. supermarket Tesco reported a full-year pre-tax loss of £6.38 billion ($9.5 billion) on Wednesday, as the retailer grapples with what it called "tough trading conditions."

  • Morrisons year profit more than halves Thursday, 12 Mar 2015 | 3:25 AM ET

    Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by a strategic decision to slash prices.

  • Target beats earnings forecast, sees growth ahead Wednesday, 25 Feb 2015 | 8:01 AM ET
    A customer pushes a shopping cart laden with merchandise at a Target Corp. store opening ahead of Black Friday in Chicago, Illinois.

    Target also forecast modest earnings growth for this quarter.

  • Tesco names former Exel CEO John Allan as chairman Wednesday, 18 Feb 2015 | 2:01 AM ET

    Tesco has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down.

  • Tesco set for thousands more job cuts Monday, 16 Feb 2015 | 2:45 AM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    The new boss of Tesco is set to slash thousands more jobs in a bid to turn around the fortunes of the U.K.'s largest supermarket chain.

  • German discounters take UK supermarkets by storm Friday, 13 Feb 2015 | 10:11 AM ET
    Discount and half-price signs sit above goods displayed for sale on the end of aisles inside a Tesco Extra Supermarket

    UK shoppers have turned their backs on traditional U.K. supermarket chains in favor of discount German retailers.