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  • SANTIAGO, March 30- Chile's economy will be hurt by the heavy flooding last week that cut off roads, washed away houses and bridges and forced some mines in the top copper producer to halt operations, the head of its central bank said on Monday. The Atacama region, which was hardest hit by the flooding, is relatively unpopulated, and represents about 2.5 percent of...

  • DETROIT, March 30- Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock. On his Twitter feed around midday on Monday, Musk said that he was "very optimistic about Tesla's long-term future in...

  • March 30- Brazilian President Dilma Rousseff said on Monday that comments recently made by Finance Minister Joaquim Levy about the effectiveness of her policies were "misunderstood." In a closed-door event last Tuesday, Levy told former students of the University of Chicago that Rousseff does not always act in "the most effective way. "His remarks were made...

  • DUESSELDORF, Germany, March 30- The German pilot suspected of deliberately crashing a plane in the French Alps last week was treated for suicidal tendencies years ago before he received his pilot's license, German prosecutors said on Monday. Investigators believe Lubitz, serving as co-pilot on a Germanwings flight from Barcelona to Duesseldorf on March 24th,...

  • BERLIN, March 30- After an already troubled first year as CEO of Lufthansa, Carsten Spohr must now deal with the aftermath of the Germanwings disaster whilst making the airline group fit to compete for the future. Spohr, a qualified pilot, has been trying to follow the example of rival IAG, the parent company of British Airways, Iberia and Vueling, by cutting staff...

  • McDonald's starts table service in Germany Monday, 30 Mar 2015 | 12:56 PM ET

    FRANKFURT, March 30- McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook, it said on Monday. Diners at its Frankfurt Airport restaurant in Germany, one of the company's toughest markets, will now be able to be served at their table after placing an order...

  • *Yoox and Richemont's Net-a-Porter confirm merger talks. *Yoox shares up nearly 10 percent. PARIS/ MILAN, March 30- Italian online fashion retailers Yoox and Richemont's Net-a-Porter confirmed merger talks were under way to create a leader in the fast-growing online luxury market.

  • *Novartis commits $225 mln upfront to private biotech firm. *Novartis also picks top scientist to lead immuno-oncology. March 30- Swiss drugmaker Novartis is digging deeper into cancer immunotherapy, one of the hottest areas of drug research, through a tie-up with Aduro Biotech worth up to $750 million.

  • MILAN/ HONG KONG, March 30- Italian luxury goods group Prada SpA has set out measures to counter a sales drop particularly in greater China, promising more services to clients in stores, faster-changing ranges and lower-priced handbags to meet stiff competition. After concentrating on a rapid retail expansion since its 2011 listing in Hong Kong, the maker of Miu...

  • FACTBOX-Sanctions on Iran's oil sector Monday, 30 Mar 2015 | 12:32 PM ET

    March 30- World powers are trying to reach a framework deal with Iran that would restrict the most sensitive aspects of Tehran's atomic programme in return for an easing of international sanctions. The major oil-related sanctions have been imposed by the United States and European Union to pile pressure on Iran over its nuclear programme.

  • *NY AG test also confirms GNC's products meet FDA guidelines. *Probe into Walgreens, Wal-Mart, Target products ongoing. GNC also agreed to adopt testing standards for herbal supplements that exceed FDA requirements, a first in the United States, Attorney General Eric Schneiderman said in a statement.

  • A lawyer for the Securities and Exchange Commission told an administrative judge in New York that the trader, Joseph Ruggieri, made more than $117,000 in profits for Wells Fargo by trading healthcare company stocks ahead of ratings changes by one of the bank's analysts. Paul Ryan, Ruggieri's lawyer, called the SEC's case circumstantial, and said the regulator...

  • Best Buy warns of profit hit as it consolidates Monday, 30 Mar 2015 | 12:20 PM ET
    People walk by a Best Buy store in New York City.

    Best Buy plans to close some stores and consolidate its operations in Canada.

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as a demand crisis forces domestic carmakers to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate plant and...

  • LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina. Trading sources estimate Yemen's oil exports before...

  • That compares with USDA analysts' 2015 outlook last month that corn acres would fall by 1.6 million and soybeans would be down 200,000 acres. USDA also projected total plantings for the nation's eight major field crops- corn, soybeans, wheat, rice, cotton, sorghum, barley, oats- to be down 3.3 million acres from 2014.. USDA said farmers will plant fewer acres due to...

  • *China shares hit seven-year high on new Silk Road project. NEW YORK, March 30- The dollar rose and global equity markets surged on Monday on merger and acquisition activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on an ambitious government plan to create a modern Silk Road. Earlier, China unveiled details of an...

  • *Iran nuclear deal by Tuesday could bring more oil to market. NEW YORK, March 30- Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. "We're likely to stay jittery through the...

  • U.S. Treasury to sell $40 bln in 4-week bills Monday, 30 Mar 2015 | 11:06 AM ET

    WASHINGTON, March 30- For details of the U.S.

  • LONDON, March 30- India has bought the first oil for its strategic petroleum reserve, trade sources said on Monday, marking the start of a round of purchases by the world's fourth-biggest oil consumer to build up emergency stockpiles. The sources said state-refiner Indian Oil Corp bought a 2 million barrel cargo of Iraqi crude from Chinese trader Unipec, which...