Port Louis News
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Madagascar mobile-phone companies increased call charges by about 40 percent, l’Express de Madagascar reported, without saying where it got the information.
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Mauritius’s Phoenix Beverages Ltd., the country’s largest brewer and soft drinks bottler, surged to its highest level in more than seven weeks.
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Sun Resorts Ltd., Mauritius’s second-biggest leisure company by market value, fell to the lowest level in almost three years as investors anticipate lower full-year earnings.
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Lux Island Resorts Ltd., Mauritius’s third biggest hotel operator by market value, declined for a third straight day, heading for its lowest level in 18 months.
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Mauritius said its 2012 trade gap will probably widen as exports slow.
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Mauritius cut its forecast for tourism arrivals this year, sending hotel and airline shares down, as the debt crisis in Europe curbs demand.
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Mauritius’s stock gauge fell for a sixth consecutive day to its lowest level in almost 17 months, led by State Bank of Mauritius Ltd. and hotels.
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Mauritius’s state-owned Central Electricity Board named a group led by Suzlon Energy Ltd. as the preferred bidder for a 29.4-megawatt wind farm, the Port Louis- based Le Mauricien reported, without saying where it got the information.
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Mauritius Leasing Co. Ltd, which provides leasing facilities for movable assets and equipment, fell to the lowest level since October.
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Mauritius’s stocks retreated for a fourth day, extending its weekly decline to the most in almost three months after Europe, its main trading partner, forecast a contraction this year in the euro region economy.
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