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Motor racing-Lotus Group CEO Bahar suspended

MONACO, May 25 - Dany Bahar, the chief executive with ambitious plans for British-based sportscar maker Lotus in Formula One and U.S.-based IndyCars, has been suspended by the new Malaysian owners of Group Lotus.

4:30am IST

UPDATE 5-Chinese WTO suit strikes back at U.S. duties

GENEVA, May 25 - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidised, including solar panels and steel products.

4:07am IST

REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes

May 25 - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management.

UPDATE 1-Russian arms shipment en route to Syria-report

* UN chief Ban urges states not to arm government, rebels (Adds Ban Ki-moon, Western officials, details)

3:43am IST

UPDATE 1-Chilean retailer Cencosud files for $718 mln U.S. IPO

May 25 - Chilean multi-brand retailer Cencosud S.A. filed with U.S. regulators to raise up to $718 million in an initial public offering of its American Depository Shares.

IPOs, Regulatory News 3:31am IST
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Under pressure, govt to review steep petrol hike

NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.