Bloomberg Ikea is planning to enter South America and expand in Southeast Asia in its quest to dominate the world’s home furnishings market. Those regions are on the Swedish company’s radar after entries into India and Latvia this year, Inter Ikea Holding said. Retail sales including all franchisees and customer services amounted to 38.3 billion euros ($45 billion) in the ...

Bloomberg UK retailers are losing the battle against higher prices, potentially strengthening the case for the Bank of England to increase interest rates next month. A report on Tuesday from the British Retail Consortium and KPMG showed like-for-like sales increased 1.9 percent from a year earlier—a fourth straight month of gains. Still, the fastest growth since April was driven by ...

Bloomberg Saudi Arabia’s state-owned oil giant has ‘mega investment’ plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies, including in a planned large refinery project on India’s west ...