Port Louis News
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Mauritian central bank Governor Rundheersing Bheenick said he has been given a third term by the Indian Ocean island nation’s president until May 2016.
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Mauritius Telecom , in which France Telecom SA holds 40 percent, plans to start trading its shares on the Indian Ocean island nation’s bourse, pending approval from the government, Chairman Appalsamy Thomas said.
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Air Mauritius Ltd., sub-Saharan Africa’s fourth-biggest airline, declined for a seventh day, its longest losing streak in more than eight years.
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Ciel Textile Ltd., a Mauritian apparels company with operations in Madagascar and Asia, rose the most in more than eight months.
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Sun Resorts Ltd., Mauritius’s second- biggest hotel operator by market value, is confident of growing earnings by at least 22 percent as it focuses on Asia to offset a decline in visitors from Europe.
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Mauritius’s inflation rate fell for the first time in three months in November to the lowest in more than two years, the country’s data agency said.
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Mauritius’s central bank has made “significant progress” rebuilding its reserves, Bank of Mauritius Governor Rundheersing Bheenick said.
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Omnicane Ltd., a Mauritian sugar producer with interests in energy, advanced to the highest in a month after saying its loss narrowed in the second quarter.
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Mauritian consumer inflation slowed to ta 2 1/2-year low in January as transport and communications costs held steady.
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Mauritian stocks rose to a two-week high amid signs the global economy is recovering, boosting demand for riskier, frontier-market assets.
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