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Wires

  • *China sees first acceleration in growth in 7 years. *South Africa, Turkey both hold rates steady. LONDON, Jan 18- The first acceleration by China's giant economy in seven years kept stocks near record highs on Thursday, but added to growing pressure on bond markets as U.S.

  • *South Africa holds rates, as expected. PRETORIA, Jan 18- South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday, saying that risks to inflation were still on the upside despite a recent strengthening of the rand currency. But since then inflation slowed to close to the mid-point of the bank's target range of 3 percent to 6...

  • BASSETT, Va. _ Bassett Furniture Industries Inc. on Thursday reported fiscal fourth-quarter earnings of $5 million. The Bassett, Virginia- based company said it had profit of 46 cents per share. For the year, the company reported profit of $18.3 million, or $1.70 per share.

  • MORGAN STANLEY CFO SAYS CLIENTS ARE DEPLOYING MORE CASH INTO INVESTMENTS.

  • Jan 18- TransCanada Corp said it received strong commercial support for its Keystone XL pipeline and closed its window for shippers to sign up for committed capacity, taking it one step closer to starting construction on the project. The controversial pipeline overcame its final hurdle when Nebraska regulators approved a path for the project through the...

  • *Pilots at Stansted had rejected pay deal in October. *Says talks with Dublin holdouts progressing slowly. Pilots at Stansted had rejected the offer by a margin of 60 percent to 40 percent in October as Ryanair struggled to contain a revolt that followed its cancellation of 20,000 flights a month over the mishandling of staff holidays.

  • NANTES, France, Jan 18- Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16 billion at list prices, saving the world's biggest passenger jet from death row and securing its future for at least another decade. The agreement hands a lifeline to the slow-selling aircraft, in service for just 10 years, and rescues one of Europe's...

  • LONDON, Jan 18- Energy prices are booming, but the inflationary impact from high oil is not so clear-cut. This is important for the European Central Bank, as it allows it to tighten policy far more gradually than might otherwise be the case. Brent crude oil futures topped $70 a barrel last week for the first time in over three years, meaning the price has more than...

  • Jan 18- Amazon.com Inc said it has short-listed 20 metropolitan areas, including one in Canada, to build its second headquarters after reviewing 238 proposals. The largest e-commerce company said it would work with each of the candidate locations to get more information and evaluate the feasibility of a future partnership. Amazon said in September it would...

  • CHICAGO _ Gatx Corp. on Thursday reported fourth-quarter net income of $342.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Gatx expects full-year earnings to be $4.55 to $4.75 per share.

  • *Egypt's Cleopatra Hospital seeking to take over Nozha. DUBAI, Jan 18- Mergers and acquisition activity in the health sector lifted Egypt's stock market on Thursday, while Gulf markets mostly moved sideways but Qatar rose on the back of a jump by food processor and livestock trader Widam Food. Nozha International Hospital jumped 10 percent to 75.62 Egyptian...

  • AMAZON SHORTLISTS 20 METROPOLITAN AREAS FOR SECOND HQ.

  • NEW YORK— Amazon narrows list of cities for second HQ to 20, including New York, Chicago, Pittsburgh, Austin, Atlanta and Miami.

  • WASHINGTON, Jan 18- U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains. The decline in claims for jobless benefits, however, probably exaggerated the health of the labor market as data for seven states,...

  • *Morgan Stanley up after Q4 beat. Jan 18- Wall Street was set to open slightly lower on Thursday, a day after the Dow extended a new year rally to close above 26,000 for the first time. And with interest rates rising, the outlook for financials are pretty good, "said Art Hogan, chief market strategist at B. Riley FBR in Boston.

  • NEW YORK— Burger King is looking to start a beef with McDonald's by launching its own quarter-pound burger. Burger King says it uses frozen patties. Burger King, owned by Oakville, Ontario- based Restaurant Brands Inc., says its new burger uses more than half a pound of beef before it is cooked.

  • "Blow the dust off and see if its even needed anymore," said certified financial planner Leon LaBrecque, who is also a tax attorney, a certified public accountant and a chartered financial analyst in Troy, Michigan. Strategies that financial planners and trust attorneys have been using for years to help families avoid paying estate taxes may now fall by the...

  • "Blow the dust off and see if its even needed anymore," said certified financial planner Leon LaBrecque, who is also a tax attorney, a certified public accountant and a chartered financial analyst in Troy, Michigan. Strategies that financial planners and trust attorneys have been using for years to help families avoid paying estate taxes may now fall by the...

  • "Blow the dust off and see if its even needed anymore," said certified financial planner Leon LaBrecque, who is also a tax attorney, a certified public accountant and a chartered financial analyst in Troy, Michigan. Strategies that financial planners and trust attorneys have been using for years to help families avoid paying estate taxes may now fall by the...

  • MORGAN STANLEY CFO JONATHAN PRUZAN SAYS BANK HAS' NAVIGATED MIFID II AS EXPECTED' THROUGH START OF 2018.