Wal-Mart Announces Record Investment For 2010

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Wal-Mart Brazil's chief executive, Hector Nunez, has revealed that the firm will invest up to BRL2.2bn (US$1.2bn) in 2010. This would represent by far the biggest ever annual investment in the country and would be more than 40% more than the BRL1.6bn invested during 2009. The money will go towards opening between 100 and 110 new stores and this massive programme of expansion follows a sustained period of investment over the last five