date:Aug 01, 2014
Carrefour, the world's second-largest retailer which reported higher first-half profits on Thursday, said it will slow down investment in Argentina in response to the country's second debt default in 13 years.
Chief Executive Georges Plassat said the impact of the debt default would be manageable for the retailer as it relies on the country for only 3 percent of group sales and 2 percent of operating profit.
Argentina defaulted on its debts earlier on Thursday after hopes for a midnight deal