Sponsored Links

The Irish loophole behind Apple's low tax bill

LONDON - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

» More Business News

Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

Wal-Mart, Massmart to ready answer for South Africa

Shoppers leave the Makro branch of South African retailer Massmart in Johannesburg May 31, 2011. REUTERS/Siphiwe Sibeko

Shoppers leave the Makro branch of South African retailer Massmart in Johannesburg May 31, 2011.

Credit: Reuters/Siphiwe Sibeko

JOHANNESBURG | Tue Aug 2, 2011 11:28am EDT

JOHANNESBURG (Reuters) - Wal-Mart Stores (WMT.N) and Massmart (MSMJ.J) said on Tuesday they planned to answer the South African government's appeal of their $2.4 billion dollar tie-up, but declined to make any immediate comment.

South Africa said it would push Wal-Mart to rejig the conditions of its 51 percent acquisition of Massmart, as Pretoria looks to wring bigger conditions from the world's top retailer.

The retailers declined to further comment, citing legal proceedings currently underway.

(Reporting by David Dolan)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.