Eastman Kodak Co. said Thursday it plans to sell its online photo service business to online photo publishing company Shutterfly Inc. for $23.8 million.

Eastman Kodak filed for bankruptcy protection in January and said it is narrowing its focus to its core printer businesses.

China's manufacturing gained momentum in February, helped by strength in new orders, export demand and production, a government survey showed, though inflation pressures remain a concern.

The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose 0.5 points to 51.0 from January's 50.5 and December's figure of 50.3 in a third straight month of steady improvement.

Dubai's state-run shipbuilding company says it soon plans to lay out the terms of its $2.2 billion debt restructuring plan and aims to complete the process by July.

DryDocks World and several lenders have been wrangling over the terms of the restructuring for months.

World stock markets edged lower Thursday as buying fervor cooled following a string of strong gains.

Benchmark oil slipped below $107 per barrel while the dollar fell against the yen but rose against the euro.

Oil prices fell to below $107 a barrel Thursday in Asia after U.S. crude supplies grew more than expected amid weak gasoline demand.

Benchmark oil for April delivery was down 39 cents to $106.68 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents to $107.07 per barrel in New York on Wednesday.

Hyundai Mipo Dockyard said Wednesday it had received an order worth $250 million to build four chemical tankers for Kuwait even as the world's shipbuilding industry suffers from a downturn.

Under the contract signed Tuesday in Kuwait, Hyundai Mipo -- a subsidiary of Hyundai Heavy Industries -- will deliver the four tankers to the state-run Kuwait Oil Tanker Company by August 2014.

Construction of the Tokyo Sky Tree, the world's tallest self-supporting communications tower, is set to finish Wednesday, two months late because of the quake and tsunami that struck Japan last March.

Tourist bosses in the country hope the tower will be a big draw for foreign visitors, whose numbers have plummeted in the aftermath of the disaster and the nuclear crisis it sparked.

Oil prices rebounded in Asian trade Wednesday as concerns over crude producer Iran's nuclear program crept back into the market, analysts said.

New York's main contract, light sweet crude for delivery in April, gained 28 cents to $106.83, while Brent North Sea crude for April delivery was up 60 cents to $122.15 in morning trade.

Saudi Arabia said on Wednesday that it would honor a pledge of $3.75 billion in aid to Egypt, after complaints by the Egyptian premier that donor countries were failing to respect their commitments.

"The kingdom pledged to support Egypt in meeting the challenges facing its economy through a series of financial commitments totaling $3.75 billion," Prince Saud al-Faisal was quoted as saying by the official SPA news agency.

A top Iraqi government official said Tuesday his country needed $500-700 billion dollars in investment to rebuild its infrastructure, comparing the war-shattered nation to post-war Germany.

Nine years since the U.S.-led invasion to oust former president Saddam Hussein, Iraq's reconstruction needs are still huge, Sami Araji, chairman of Iraq's National Investment Commission, told a business audience in New Delhi.