Business, Money, and Trading Blog

Wal-Mart subsidiary in the UK scene frozen food retailer Iceland Foods Subsidiary of Wal-Mart Stores Inc., the network of UK retailer Asda, is likely to make an offer to Iceland Foods Ltd. This news The Sunday Times reported, without saying where it obtained the information media.

Iceland is a frozen food retail companies based in the UK. Enterprise value is estimated at about 1.2 billion pounds (U.S. $ 2 billion) to 1.6 billion pounds. Read the rest of this entry »

Egypt and International Monetary Fund (IMF) approved a loan worth U.S. $ 3 billion for Egypt, which is trying to finance the budget deficit after the outbreak of rebellion at the beginning of this year. Read the rest of this entry »