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  • SHANGHAI, March 30- China's weakening yuan cut $1.6 billion from profits earned by the country's three largest airlines last year, denting a sector whose fortunes have risen on the back of the country's travel boom. Air China, China Eastern Airlines and China Southern Airlines all missed analyst expectations on Thursday, with their foreign exchange losses...

  • March 30- U.S. stock futures pared losses, setting up Wall Street to open little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy. Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said. Investors have been assessing...

  • *German annual inflation 1.5 pct in March. BERLIN/ MADRID, March 30- German and Spanish consumer inflation slowed more sharply than expected in March as oil prices slumped, data showed on Thursday, offering some respite to the European Central Bank as it faces pressure to wind down its monetary stimulus. The ECB has slashed interest rates into negative territory...

  • LONDON, March 30- The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10- year government bond, the benchmark...

  • NEW YORK— Coming soon to McDonald's: Fresh beef. McDonald's Corp. had been testing fresh beef at more than 400 restaurants in Dallas and Tulsa, Oklahoma, for about a year. The company, based in Oak Brook, Illinois, has about 14,000 locations in the U.S.

  • DETROIT, March 30- Toyota Motor Corp will use artificial intelligence in new research to speed up the discovery of advanced battery materials and fuel-cell catalysts to power electric and other emission-free vehicles, the company said on Thursday. Toyota will invest around $35 million in its North American research arm, the Toyota Research Institute and...

  • *Analyst highlights 30 percent inventory build-up. STOCKHOLM, March 30- Cost controls helped H&M to limit a drop in quarterly pretax profit but the fashion chain said it was increasing investments this year as it tries to keep pace with its larger rival, Zara owner Inditex. H&M, the world's second-biggest fashion company, said conditions remained very tough in...

  • SEOUL, March 30- Tech giant Samsung Electronics Co Ltd expects sales of its new flagship Galaxy S8 smartphone to beat those of its 2016 predecessor Galaxy S7, the company's head of mobile business said. A Samsung spokesman confirmed the remarks attributed to Koh Dong- jin in a report by South Korea's Yonhap News Agency on Thursday. The executive did not offer a...

  • LONDON, March 30- Copper and other base metals drifted lower on Thursday as speculators took profits ahead of fresh economic data from top metals consumer China. *LME COPPER: London Metal Exchange copper fell 0.4 percent in official trading to $5,882 a tonne, paring a 0.6 percent gain in the previous session, when it hit its highest since March 20 at $5,927.50.

  • NEW YORK— A highly praised and proudly off-beat literary magazine, where contributors have ranged from Nick Hornby and Anne Carson to Daniel Handler and Leslie Jamison, is changing ownership. The Believer, a San Francisco- based publication founded in 2003, has been purchased by the Black Mountain Institute at The University of Nevada, Las Vegas.

  • The chains are famous for advertisements featuring models and celebrities like Paris Hilton, Kate Upton and Emily Ratajkowski munching on burgers while scantily clad. The company's racy advertising campaign had a defender in Andrew Puzder, who is stepping down as CEO of the chains' parent company, Carpinteria, California- based CKE Restaurant Holdings.

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, has won approval for its AP1000 reactor design, Britain's nuclear regulator said on Thursday. The Office for Nuclear Regulation approval is needed before the design can be used at NuGeneration Ltd's Moorside new nuclear project in north west England, which consists of three...

  • *2016 net income at 29.6 mln euros, up from 14.3 mln. FRANKFURT/ DUESSELDORF, March 30- SMA Solar, Germany's biggest solar company, plans to expand its energy management business, hoping the market will have higher entry barriers for Chinese competitors than its core business of making invertors to feed solar power into the grid. But that market has got a lot tougher...

  • *Only 214 people in Nigeria pay tax over $65,000. ABUJA, March 30- Nigeria's parliament resolved to pass the 2017 budget more swiftly than last year and avoid a repeated delay of the spending plan being signed into law, the Senate said on Thursday, as the OPEC member struggled with its balance sheet. Buhari presented his record 7.298 trillion naira 2017 budget to...

  • WASHINGTON— The U.S. economy grew at a slightly faster rate in the fourth quarter than earlier estimates, as consumers powered economic momentum heading into 2017.. The gross domestic product, the economy's total output of goods and services, expanded at an annual rate of 2.1 percent in the October-December period, the Commerce Department reported Thursday.

  • WASHINGTON— Fewer Americans sought unemployment benefits last week, evidence that the U.S. job market remains healthy. THE NUMBERS: Weekly applications for unemployment aid dropped 3,000 to a seasonally adjusted 258,000, the Labor Department said Thursday. The four-week average, a less volatile measure, rose to 254,250..

  • *Spain, German inflation data push most yields down. LONDON, March 30- Borrowing costs in benchmark euro zone bond issuer Germany fell to three-week lows on Thursday, as softer-than-expected German inflation numbers helped dampen speculation that an unwinding of ECB stimulus could come sooner rather than later. "The German inflation data is a reminder that...

  • ABU DHABI, March 30- Abu Dhabi's state-owned Mubadala Development Co, which is merging with fellow Abu Dhabi- owned International Petroleum Investment Company, said on Thursday its net profit nearly tripled in 2016.. The company reported a net profit of 3.3 billion dirhams for 2016, compared to a net profit of 1.2 billion dirhams in 2015, while its total...

  • LONDON, March 30- The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10- year government bond, the benchmark...

  • WASHINGTON— Applications for US unemployment benefits slipped 3,000 to a low 258,000 last week.