| The world's number-two retailer, France-based Carrefour is considering withdrawal from Indonesia, Turkey, Poland, Malaysia and Singapore after it pulled out of recession-hit Greece in July amid falling sales, according to analysts surveyed by Reuters. Carrefour Singapore has already announced that the French group will shut its two stores in Singapore by the end of this year. "The news comes two days before new CEO Georges Plassat is due to unveil his recovery plan for Carrefour with first-half results on Aug 30," Reuters said. |
Related Articles
EC refers Poland to court for delay on renewable energy rules.
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
16 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago