Carrefour announced strong sales figures for the fourth quarter and it is expecting a further 6-8% sales growth in 2008 and operating profit growth above that range. And that is excluding acquisitions – the retailer just bought a 75% stake in PT Alfa Retailandon in Indonesia for $72m!
Scenery remains the same, as US dollars keep on falling against EUR, which has nearly reached its highest ever price and now stands at 1.4966.
A recent research report from major US investment bank has shown that low grade bonds have outperformed high grade, not only for the month December, but also for the whole year. However, the Merrill Lynch Global High Yield & Emerging Markets Plus index plunged to 2.59%, which is the second worst full year performance, since
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