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Wires

  • *EDF will respond to South Africa nuclear RFI in April. *Sees possibilities in eastern Europe, China, Saudi. PARIS, March 30- French utility EDF is making progress with plans to export nuclear reactors to India and South Africa and says it is in talks with several other countries about nuclear projects.

  • *Nigeria in first recession in quarter of century. *IMF says Nigeria economy expected to grow 0.8 pct this year. ABUJA, March 30- The International Monetary Fund urged Nigeria on Thursday to lift its remaining foreign exchange restrictions and scrap its system of multiple exchange rates in order to revive its economy, which is in its first recession in 25 years.

  • LIMA, March 30- Workers at Peru's biggest copper mine, Freeport-McMoRan Inc's Cerro Verde, will resume work on Friday after voting to end a nearly three-week strike, the union said on Thursday.

  • *Germany's DAX 1.1 pct away from all-time high. The pan-European STOXX 600 rose 0.5 percent to 380.4 points, its highest level in nearly 16 months, while Germany's DAX added 0.4 percent to 12,256 points, just 1.1 percent below a record high hit almost two years ago. Traders said investors were growing confident about prospects for the region's stocks as the...

  • NEW YORK— Cable television's Spike network will be transformed into the Paramount network early next year, introducing new series with stars to include Alicia Silverstone and Michael Shannon. In its announcement Thursday, owner Viacom billed the rebranded network as "a prime destination for premium storytelling." Paramount's slate of new series will...

  • March 30- Canadian Imperial Bank of Commerce said on Thursday it has raised its offer for PrivateBancorp Inc by 20 percent to about $4.9 billion, after some of the Chicago- based lender's shareholders opposed an initial bid. The move came ahead of a June 29 deadline for the deal to be approved and about nine months after the Canadian bank made its initial $3.8...

  • WASHINGTON— The Trump administration has submitted a vague set of guidelines to Congress for renegotiating the North American Free Agreement with Mexico and Canada, disappointing those who wanted a major overhaul of a decades-old trade deal that Trump described as "disaster" during the presidential campaign. Stephen Vaughn wrote in an eight-page draft...

  • LONDON, March 30- Ukraine, in a legal case over a $3 billion debt to Russia, hopes to return to dollar bond markets by the end of the year, but it has no emergency funding needs and will not borrow "at any price", Deputy Finance Minister Yuriy Butsa said on Thursday. The country suffered a setback this week when a UK court ruled in a pre-trial hearing that it had no "...

  • CNBC's Jim Cramer suggested there could be a "pause" in the stock after Samsung's new Galaxy S8 flagship device received positive reviews. Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said. The market has been range bound in the past few days after hitting a series of record highs,...

  • NEW YORK, March 30- Financial advisers across Wall Street's biggest brokerages have fretted over their professional futures in recent years as their firms worked to develop "robo" services for millennial and tech-savvy clients. But a new study by consulting firm Accenture finds that clients across all ages and economic brackets want robots and humans...

  • WASHINGTON— The Senate on Thursday advanced President Donald Trump's nominees to lead the labor and agriculture departments and moved the new administration closer to filling the final pair of empty seats in his Cabinet. In back-to-back tallies just off the Senate floor, two committees sent the nominations of former Georgia Gov. Sonny Perdue and law school...

  • LITTLE ROCK, Ark.— A House committee endorsed a proposal forcing online retailers to collect Arkansas sales taxes, reviving the effort days after a lawmaker behind the bill declared it dead for this year's session. The House Revenue and Taxation Committee on Thursday advanced the proposal requiring companies that make more than $100,000 in annual sales in...

  • LONDON, March 30- Iranian sovereign fund IFIC is targeting investments in the healthcare and high-tech sectors in the hope of improving the lives of Iranians, Vahid Sharif, an investment manager at the fund, said on Thursday. The Iran Foreign Investment Company, set up in 1997 as a holding company to manage the state's assets and investments overseas, has around $5...

  • He also says Moscow will support the U.S. president in fighting terrorism and cooperate with the Pentagon and the CIA. The Trump administration is seeking mainly limited changes to the North American Free Trade Agreement with Mexico and Canada, the Wall Street Journal reports, citing an administrative draft proposal circulated in Congress by the Office of...

  • *Seeks to reduce CEO pay to below $500,000/ year. March 30- Hedge fund Sarissa Capital Management LP on Thursday sought a sharp cut in the compensation of Innoviva Inc's chief executive, the latest salvo by the activist investor in its proxy fight against the drug company. The compensation paid to the company's chief executive, Michael Aguiar, should be reduced to...

  • LONDON, March 30- Sterling rose on Thursday and was on track for its first quarterly gain against the dollar for almost two years as analysts bring forward their expectations of a UK interest rate rise. Still, traders and strategists said the main driver for sterling in the coming months would continue to be Britain's negotiations with the European Union as it...

  • WINSTON-SALEM, N.C., March 30- North Carolina's Senate on Thursday approved a bill to retool a law banning transgender people from using restrooms in accordance with their gender identities, a measure that had triggered boycotts by companies and sports leagues. Late on Wednesday, leaders of the Republican-dominated state Senate and House of Representatives...

  • The SEC on Thursday said Larry Holley, 59, the pastor at Abundant Life Ministries, told victims that because he "prayed for your children" he was more trustworthy than a banker, and told congregants that investors in his real estate business were "millionaires in the making." Eighty-three people from 14 U.S. states, including some who turned over their life savings,...

  • NEW YORK— Twitter has found more creative ways to ease its 140- character limit without officially raising it. Now, the company says that when you reply to someone— or to a group— usernames will no longer count toward those 140 characters. This will be especially helpful with group conversations, where replying to two, three or more users at a time could be especially...

  • The groups told a federal court in Montana that the U.S. State Department, which granted the permit needed for the pipeline to cross the Canadian border, relied on an "outdated and incomplete environmental impact statement" when making its decision earlier this month. Russ Girling, pipeline company TransCanada Corp's chief executive officer, and Sean McGarvey,...