AB InBev loses $13 billion in value as beer drinking slows in Brazil and South Korea

October 25, 2019 admin Business News Comments Off on AB InBev loses $13 billion in value as beer drinking slows in Brazil and South Korea

Anheuser-Busch InBev saw more than $13 billion wiped off its market value on Friday, after a profit warning and weaker-than-expected third-quarter earnings growth sparked by reduced demand for its beer in Brazil and South Korea.

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Source:: Reuters – Business News