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The world's second largest retailer, Carrefour has announced that it will be expanding its business in China and India.

It is being done so that it can have a strong hold on the two fast growing emerging markets where the retail giant is not having a foothold till now. The announcement was made by the Chief Executive of the company, Lars Olofsson.

Lars was talking during the annual general meeting of the group and made the announcement during his speech in front of the shareholders.

According to the official reports, U. S. President Barack Obama on Tuesday declared a major disaster area in four Tennessee counties devastated by flooding.

It has been reported that the declaration requires federal resources to be deployed to Cheatham, Davidson, Hickman and Williamson counties to aid in the recovery from the severe floods and winds that have killed at least 29 people and wreaked havoc across the Tennessee and Ohio river valleys since April 30.

Silencing all the critics who said that Aishwarya Rai Bachchan is out, the diva has made it to the list of top 100 powerful women in the world.

The list which is published by TIME magazine lists the name of the women who are powerful in their field and have a great impact on their surroundings.

The list includes the names of likes of Condoleezza Rice, Stella McCartney, Sarah Palin and Nora Roberts, along with other top women names in it.

As equities tumbled hard on Wall Street, Crude oil prices slipped to close to $82 a barrel Tuesday on the New York Mercantile Exchange.

As concern over national debt in Greece continued to rattle markets, the dollar index rose 1.3 5 percent Tuesday.

Spain, too, was considering asking the International Monetary Fund for a loan, MarketWatch reported on Tuesday.

Defying all critiques, Sajid Nadiadwala has got houses full during the weekend of his movie release week. The film managed to get the biggest opening of the year and fulfilled the name given to it, Housefull.

One of the major reasons for this, say experts, is that the movie has come out after almost two months of dry spell. Post IPL time has also given it the boost. But most importantly, the star power of the movie has been able to give it the push.

Goldman Sachs was fined $450,000 on Tuesday by U. S. regulators and stock exchange authorities for hundreds of violations involving short sales.

USA Today has reported that the Securities and Exchange Commission and New York Stock Exchange Regulation fined the bank for continuing to write naked short sale orders after regulators banned short sales two days after Lehman Brothers collapsed in September 2008.