Dec 05, 2012 09:11 EST
Britain's biggest retailer, supermarket Tesco, looked on course to withdraw from its struggling US business Fresh & Easy as chief executive Philip Clarke on Wednesday said its presence would likely end.
Dec 05, 2012 02:34 EST
India's government, which lost its majority in September, faced a test of its ability to marshal support in parliament on Wednesday with a vote on a contentious recent reform of the retail sector.
Dec 04, 2012 15:06 EST
India's government faced a test of its ability to survive as a minority administration Tuesday as opposition lawmakers slammed its decision to allow in foreign supermarket giants such as Walmart.
Dec 04, 2012 07:52 EST
India's struggling government endured a stormy parliamentary debate on Tuesday as opposition lawmakers demanded it reverse a decision to allow in foreign supermarket giants such as Walmart.
Dec 04, 2012 02:14 EST
The Indian government Tuesday braced itself for a test of strength as parliament debated reforms ahead of a vote on allowing in foreign supermarkets, a policy that has revitalised opposition parties.
Nov 29, 2012 13:21 EST
The head of France's largest employers' union on Thursday slammed as "blackmail" a threat by the state to take over a plant owned by Lakshmi Mittal, amid claims in the steel tycoon's native India that he was a victim of racism.
Nov 29, 2012 06:42 EST
The head of France's largest employers' union on Thursday slammed as "blackmail" a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal's native India that he was a victim of racism.
Nov 29, 2012 05:12 EST
India's government has conceded to opposition pressure to allow lawmakers a vote on allowing foreign supermarkets in the country, in a bid to end a parliamentary deadlock that has stalled key reforms.
Nov 27, 2012 15:54 EST
Activists urged US rapper Sean 'Diddy' Combs Tuesday to push for better working conditions after revealing clothing for his fashion line was made in a Bangladeshi factory where 110 staff died in a fire.
Nov 26, 2012 09:34 EST
Western garment firms have been accused of hiding behind flimsy safety audits after the latest lethal garment factory fire in South Asia, where poorly paid workers often toil in dangerous conditions.
Nov 25, 2012 22:10 EST
At least 110 people died when fire swept through a factory in the worst-ever blaze to hit Bangladesh's garment industry, officials said, as witnesses told of desperate workers jumping from upper floors.
Nov 25, 2012 08:57 EST
At least 109 people died when fire swept through a factory in the worst-ever blaze to hit Bangladesh's garment industry, officials said Sunday, as witnesses told of desperate workers jumping from upper floors.
Nov 08, 2012 13:36 EST
India will abide by a controversial decision to open retail and other sectors to wider foreign investment, the country's trade minister promised delegates at an international financial conference Thursday.
Nov 05, 2012 09:31 EST
The ruling Congress party has rolled out its big guns to defend the move to let the likes of Walmart set up shop in India, but they are confronting an alliance stretching across the political spectrum.
Oct 31, 2012 14:30 EDT
French retail giant Carrefour said Wednesday it had sold its network of stores in Malaysia to Japan's Aeon for for an enterprise value of 250 million euros ($324 million).
Oct 14, 2012 17:33 EDT
Efforts to restore investor confidence in Greece's struggling economy took a double blow this week when a major European bottler and a prominent dairy company announced relocation plans.
Oct 11, 2012 12:33 EDT
Europe's main stock markets rose on Thursday, shrugging off Standard & Poor's slashing Spain's credit rating, and gained added steam from a big drop in US jobs claims.
Oct 11, 2012 07:36 EDT
Europe's main stock markets mostly rose on Thursday but Madrid fell on more problems for Spain after Standard & Poor's slashed its credit rating for the indebted eurozone nation.
Oct 10, 2012 00:12 EDT
India's reforms blitz has cheered markets and changed perceptions of the government but the outcome is far from assured, with the nation a long way from returning to a high-growth path, analysts say.
Oct 03, 2012 14:13 EDT
Supermarket giant Tesco posted falling first-half profits on Wednesday, with Britain's biggest retailer hit by a poor performance at its international division, particularly in South Korea but also in Europe.