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World Business Briefing | Asia: China: Wal-mart Buys Stake in Chain

Mon, 26 Feb 2007 22:22:49 EDT | New York Times

Wal-Mart Stores, the world?s largest retailer, said it had acquired a 35 percent stake in the Bounteous Company in China. Bounteous operates 101 hypermarkets in 34 Chinese cities under the Trust-Mart banner. Wal-Mart said it eventually expected to acquire control of the company. A Wal-Mart vice chairman, Michael Duke, called the investment ?an important step in bringing our additional scale to our China retail business.? Wal-Mart said it already operated 73 stores in China. Trust-Mart stores employ more than 31,000, and will continue to use the Trust-Mart name.


Wal-Mart Eyes Big Expansion in China

Tue, 27 Feb 2007 06:00:00 EST | NPR News Headlines

Wal-Mart is vying to be the largest operator of mega-supermarkets in China. A $1 billion deal could give Wal-Mart control of a Chinese chain called Trust-Mart. Wal-Mart is battling French retailer Carrefour for dominance in China.


Wal-Mart Buys Stake in Retail Chain to Gain Stronger Presence in China

Tue, 27 Feb 2007 12:13:18 EDT | New York Times

The world?s largest retailer continues to solidify its presence in China by buying a 35% share of the owner of the Trust-Mart chain.


'Marketplace' Report: China's Market

Tue, 27 Feb 2007 13:00:00 EST | NPR News Headlines

China's stock market plunged nearly 9 percent Tuesday, its biggest drop in more than a decade. The tumble has rattled stock markets around the world.


Dow Average Falls 416 Points After Sell-Off in China

Tue, 27 Feb 2007 16:51:27 EDT | New York Times

Stocks plunged in New York today after a sell-off in China rattled markets worldwide.


Worries About Slowdown In China Send Commodity Prices Tumbling

Wed, 28 Feb 2007 00:56:22 GMT | Investors Business Daily (investors.com)

World commodities markets took a hit Tuesday after a big slump in China's benchmark stock market index rekindled worries about growth and demand...


2nd Rubber & Tire Asia/China Markets in Shanghai

| PRWeb - Press Release

Press Release on a rubber & tire event featuring rubber and tire market trends and developments in Asia. Rubber including natural rubber and synthetic rubber. Tire demands in China and India and its overview in Vietnam. (PRWeb Feb 28, 2007) Post Comment:Trackback URL: http://www.prweb.com/zingpr.php/RW1wdC1GYWx1LUNyYXMtSG9yci1NYWduLVplcm8=


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