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Lotte to shelve $500mn Malaysian chemical IPO

  Seoul / Bloomberg Lotte Group, South Korea’s fifth-largest family-run conglomerate, has shelved plans to list its Malaysian petrochemicals business amid widening investigations at the parent, people familiar with the matter said. The group will postpone the planned share sale of Lotte Chemical Titan Holding Sdn. until after the probes are resolved, according to the people, who asked not to ...

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Air Mauritius plans expansion with new planes and hubs

  Port Louis / Bloomberg National carrier Air Mauritius will take delivery of a new plane this month and another next year, additions that will boost the reach of its fleet of 12 jets, Chairman Arjoon Suddhoo said. Founded in 1967, Air Mauritius currently operates a fleet of four Airbus Group SE A340-300C, two A340-300E, a pair of A330-200, two ...

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Zara’s Inditex’s profits beat expectations

  MADRID / AP Spanish clothes retailer Inditex, owner of the Zara store chain, posted Wednesday a 6.0-percent rise in its first-quarter net profit due to higher sales around the globe. The world’s largest fashion retailer by sales said profit for the quarter ending April 30 rose to 554 million euros ($621 million) from 521 million euros a year earlier. ...

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