. Wal-Mart expands in Brazil

SAO PAULO, BRAZIL: Wal-Mart is to invest $649m (£313.4m) in building 36 stores and a distribution centre in Brazil. The outlets will be built across the country in various formats, including hypermarkets, supermarkets and wholesale outlets. "We are very committed to growth in Brazil," said Vicente Trius, chief executive of the Brazilian unit.