Coca Cola – Hellenic Bottling Company (HBC) acknowledge some issues/risk doing business in emerging markets in a statement to investors. Specifically Coca Cola indicated the risk in doing business in Russia is now at the same level of risk as in Nigeria.
Gaming company Las Vegas Sands (LVS, quote) reported both its quarterly and annual results Wednesday afternoon; the firm had massive profits thanks to strength from its casinos in Macau.
The middle class in emerging markets is buying more and more appliances. Look no further than Latin America, and Brazil in particular — where producers and retailers of small to medium sized appliances are booming.
The Macau gaming sector was again in the news today as the Hong Kong-listed Galaxy firm expressed its interest in expanding its Macau casinos.