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Bloomberg South Korea’s Lotte Group is among suitors that submitted bids for French retailer Casino Guichard-Perrachon SA’s Vietnam grocery business, which could fetch as much as $800 million, people with knowledge of the matter said. Billionaire Charoen Sirivadhanabhakdi’s TCC Holding Co. and Central Group, controlled by Thailand’s Chirathivat family, also submitted first-round offers by the March 10 deadline, the people ...

Bloomberg A leak discovered on a Buckeye Pipe Line Company LP pipe that is the primary source of jet fuel for John F. Kennedy (JFK) International Airport hasn’t affected operations at the hub, according to the Port Authority of New York and New Jersey. “JFK has enough jet fuel for three days, so the airport is equipped to respond to ...

Bloomberg The Fine Arts Museums of San Francisco will be hosting the first ever retrospective of the famous American fashion designer Oscar de la Renta’s work. The exhibition, organised by André Leon Talley, a former editor-at-large for Vogue and lifelong friend of the designer, runs until May 30. The Retrospective features over 130 pieces designed by de la Renta over ...

Relaxnews The White House state dinner on Thursday shone the spotlight, not only on Canada’s royal family and head of state, but on a pair of Canadian-born designers who dressed First Lady Michelle Obama and Sophie Gregoire-Trudeau. The First Lady chose a floral jacquard gown from longtime favorite designer Jason Wu, while Trudeau chose a slim fitting purple gown with ...

Relaxnews Caitlyn Jenner is the new face of H&M’s sports line. Jenner announced the news on Twitter late Thursday, teasing, “So proud to be part of their inspiring #HMSport campaign. #MoreIsComing #StayTuned,” along with a photo in which she poses in a gym, wearing black and white sneakers and sports wear. H&M later confirmed the announcement, also on Twitter. It’s ...

AFP A 10.10 carat vivid blue diamond is expected to set the record for the most expensive piece of jewellery sold at auction in Asia despite an ongoing growth slowdown in China’s economy, Sotheby’s said. The “De Beers Millennium Jewel 4″ is expected to fetch between US$30 million and $35 million at the April 5 sale in Hong Kong, and ...

Relaxnews The Autumn/Winter 2016/17 ready-to-wear shows have finally wrapped up, leaving a trail of new accessories in their wake. Here are some of the key trends spotted on the catwalks of New York, London, Milan and Paris. Chokers As the passion for all things Nineties rages on, chokers continue their domination of all things streetwear. Rihanna set the tone in ...

Frankfurt / AFP The European Central Bank (ECB) on Thursday fired off a new volley of shots in its ongoing battle to avert deflation in the euro area and jumpstart economic recovery in the region. The ECB slashed already record-low interest rates, said it would pump massive new sums into the banking system and, for the first time, would start ...

ABU DHABI / WAM Etisalat announced on Thursday its consolidated financial statements for the 12 months ending December 31st 2015. The board proposed a final dividend payout of 40 fils per share for 2015, representing a total dividend payout of 80 fils for the full year. Etisalat Group’s consolidated revenue for the fourth quarter of 2015 amounted to AED12.7 billion ...

Dubai / WAM Dubai Gold and Commodities Exchange (DGCX) has announced the appointment of the Bank of China, BOC, as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) which is a wholly owned subsidiary of DGCX. With the addition of Bank of China, DCCC has expanded its network of Settlement Banks to five with Emirates NBD, Standard Chartered, HSBC ...