SAB has gained from strong demand in developing economies in the past five years, as consumers have traded up from home-brewed alcohol to branded beer. Emerging markets make up around 75% of the company’s earnings. First-half net profit rose 8.5% to $1.71 billion from $1.58 billion. Net producer revenue–which includes sales from joint ventures–increased to $13.79 billion from $13.67 billion, in line with market expectations. “We have continued to deliver on the potential of our businesses in both developed and developing markets,” said Chief Executive Alan Clark.
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central bank would maintain its ultra-easy monetary policy for as long as needed. Bernanke said late on Tuesday that officials wanted evidence of durable job growth before scaling back the Fed’s bond-buying stimulus, adding that interest rates were likely to remain near zero for a considerable time after the asset purchases end. A mixed set of U.S. economic data, on the other hand, provided no clue as to when the Fed will eventually here. reduce its asset purchases, with a fall in consumer prices in October largely offsetting a faster-than-expected rise in retail sales.
“I used to run a lot when I was younger. One time, before I was about to go to another city in order to run a marathon, some chubby guy with a bunch of new age ideas asked me whether I have a goal for that marathon. I told him that I want to run it under 3 hours and 30 minutes. He asked me whether I could win the marathon with such time.