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Wires

  • March 28- Carnival Corp, the world's largest cruise operator, reported a 3.8 percent rise in quarterly revenue, helped by higher ticket prices and on-board spending. The company's net income rose to $352 million or 48 cents per share in the first quarter ended Feb. 28, from $142 million or 18 cents per share a year ealier. Revenue rose to $3.79 billion from $3.65...

  • KUALA LUMPUR, Malaysia— French President Francois Hollande has lobbied for the sale of Rafale fighter aircraft to Malaysia during a visit but Prime Minister Najib Razak says his government is not yet ready to make a decision. He said Tuesday after talks with Najib that France will provide all the support needed for Malaysia to make a decision.

  • WASHINGTON, March 28- The U.S. goods trade deficit narrowed sharply in February, and inventories increased, which could prompt economists to raise their estimates for first-quarter gross domestic product. The Commerce Department said in its advance economic indicators report on Tuesday that the goods deficit fell 5.9 percent to $64.8 billion last month as a...

  • STOCKHOLM, March 28- An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts. Chief Executive Borje Ekholm, who took charge only in January, announced up to $1.7 billion in provisions, writedowns and restructuring costs to be...

  • NEW YORK, March 28- U.S. single-family home prices accelerated at a faster pace than expected in January supported by a low inventory of housing stock, a survey showed on Tuesday. January's result topped the estimate of a 5.6 percent increase from a Reuters poll of economists and was the biggest year-on-year increase since July 2014. David M. Blitzer, managing...

  • *To consult regulators, carriers on refurbished Note 7 s. SEOUL, March 28- Tech giant Samsung Electronics plans to sell refurbished versions of the Galaxy Note 7 smartphones, the company said late on Monday, signaling the return of the model pulled from markets last year because of fire-prone batteries. Samsung's announcement that revamped Note 7 s will go back on...

  • *LME Clear hoped to introduce cuts to initial margins last autumn. *Average Jan copper volumes down 12 pct on LME, up 22 pct on CME. LONDON, March 28- Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange has dealt another blow to the exchange's ability to fend off competition from U.S. rival CME Group, whose margins are sharply...

  • *White House says to lead efforts on tax reforms. March 28- U.S. stocks looked set to open slightly lower on Tuesday as investors assessed President Donald Trump's first major policy stumble, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen. The White House said late Monday it would take a lead role in crafting...

  • March 28- Twitter Inc, trying to boost its sagging advertising revenue, will allow brands to buy commercials on its video streams for Periscope, signaling a major push to make money off the live-streaming platform, the company announced on Tuesday morning. With sponsors growing more wary of exactly what kind of online videos their ads are being placed against,...

  • WASHINGTON— U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 ½ years, as a tight supply of houses for sale spurred bidding wars in many cities. The Federal Reserve implemented its third rate hike in two years March 15, but economists at S&P Dow Jones Indices say higher rates won't slow sales until later this year.

  • LONDON, March 28- Major oil traders gathered in Switzerland this week said they expected OPEC and non- OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. An unexpectedly quick return of U.S. shale production since OPEC and non- OPEC producers agreed in December to limit oil production has put the brakes on a...

  • LONDON, March 28- Major oil traders gathered in Switzerland this week said they expected OPEC and non- OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. An unexpectedly quick return of U.S. shale production since OPEC and non- OPEC producers agreed in December to limit oil production has put the brakes on a...

  • LONDON, March 28- The dollar steadied on Tuesday after its worst week since U.S. The yen, which has gained 4 percent in nine days as faith erodes in the Trump White House's ability to deliver tax reform and a promised public spending boost, was flat at 110.74 yen per dollar. Analysts pointed to support from appearances by Dallas Federal Reserve Bank President Robert...

  • VANCOUVER, March 28- Goldcorp Inc will team up with larger peer Barrick Gold Corp to work on developing gold mines in northern Chile, it said on Tuesday, as the industry starts to invest in new projects again. As part of a complex series of transactions costing Goldcorp about $445 million upfront, the Vancouver- based company has agreed to buy fellow Canadian miner...

  • March 28- Rent-A-Center Inc said on Tuesday it adopted a stockholder rights plan, or a so-called "poison pill," a month after activist investor Engaged Capital LLC stepped up efforts to push the furniture retailer to sell itself. Engaged Capital, which owns a 12.9 percent stake in Rent-A-Center, last month nominated five candidates for election to the retailer's...

  • March 28- Tesla Inc said Chinese tech giant Tencent Holdings Ltd has bought a 5 percent stake in the U.S. company for $1.78 billion, as Chinese firms aggressively invest in electric vehicles amid tighter emission rules in the country. Elon Musk- led Tesla has been raising capital as it readies for the launch of its mass-market Model 3 sedan. Tencent partnered with...

  • President Donald Trump on Tuesday touted an expected announcement from Ford Motor Co about investments and jobs at U.S. plants, saying the automaker would make a major investment in three Michigan facilities. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps criticism.

  • NEW YORK, March 28- Tech giant Samsung Electronics Co Ltd will not be offering any refurbished Galaxy Note 7 smartphones for sale or rent in the United States, the company told Reuters. Samsung said on Monday it would sell refurbished versions of the Note 7, which were permanently pulled from markets globally last year roughly two months after their launch due to...

  • WASHINGTON— President Donald Trump says that Ford Motor Co. is planning to invest in three Michigan auto plants. Major investment to be made in three Michigan plants. Trump has held several meetings at the White House with auto executives since taking office that often included Ford chief executive Mark Fields.

  • DUBAI, March 28- At least some of the proceeds from the sale of Souq.com to Amazon.com will be invested back in the business, the co-founder of the Middle East online retailer said on Tuesday. Amazon and Souq.com announced earlier on Tuesday they had agreed to the takeover deal. Souq.com' s current shareholders include South Africa's Naspers Ltd and Tiger Global...