Emerging Markets to the Rescue? Recurring Theme
Emerging Markets Rev Up Toyota Sales--Toyota's profit for the fourth quarter jumped 7.5% from the previous year as booming sales in China, Africa and South America offset declining US sales and a stronger yen, the Japanese car maker reported yesterday.
Overseas Snack Sales Help PepsiCo Meet Expectations--The snacks business registered double-digit growth in Russia, the Middle East, Turkey and India. The beverage business had double-digit increases in the Middle East, China, Brazil, Argentina, India and Russia. PepsiCo reported a quarterly profit on Thursday that met analysts’ expectations.