GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • President Dilma Rousseff's austerity measures to bring government finances under control have also gained traction in Brazil's divided Congress. Five-year local rates have dropped 64 basis points to 12.57 percent over the same period, part of a broad rally in Brazil's local currency-denominated debt. "Some things should do better now, particularly if you...

  • *Britain's Osborne says Greece casts gloom over finance meetings. WASHINGTON, April 17- The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery. While Greece was not mentioned by name in the...

  • SAN FRANCISCO, April 17- Microsoft Corp on Friday unveiled a long-awaited suite of touch-friendly Office apps that allow Windows phone users to work on Word, PowerPoint and Excel documents on their phones with touch commands and to transfer them easily between devices. Test versions of what Microsoft is calling its Office Universal apps are available to...

  • Google's EU showdown offers openings to competitors Friday, 17 Apr 2015 | 11:58 AM ET

    That appears to be the European Union's strategy to pursue Google in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google's Android mobile phone software. In accusing Google of anti-competitive practices against rival shopping sites, the EU competition authority said...

  • DETROIT, April 17- Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first U.S. plant, people with knowledge of the matter said on Friday. "Soter is the spirit of safety in Greek mythology and Volvo's cars have a long-standing reputation for safety. The Georgia Department of Economic...

  • *Wall Street, European shares also hit by corporate earnings. NEW YORK, April 17- Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise interest rates this year. Stocks in Europe and on Wall Street...

  • Apple in talks to launch Apple Pay in Canada - WSJ Friday, 17 Apr 2015 | 11:41 AM ET

    April 17- Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter. The iPhone maker is in talks with Canada's six biggest banks, Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal,...

  • LONDON, April 17- A months-long Russian Eurobond rally that drove some sovereign debt prices to multi-year highs is spilling into rouble bonds, with double-digit yields and the promise of interest rate cuts luring foreigners. Russia's most-traded dollar bond, due 2030, has risen 18 cents since end-January to its highest since November 2013.

  • April 17- The union trying to organize Boeing Co's South Carolina plant withdrew its petition for an April 22 election, citing "a toxic environment and gross violations of workers' lawful organizing rights." The decision, which delays the date for an election by at least six months, was made after organizers for the International Association of Machinists&...

  • *This could take at least two years- MSCI researcher. *Benchmark inclusion could attract up to $24 billion- HSBC. The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as $24 billion in foreign capital, according to one estimate.

  • WASHINGTON, April 17- Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system. He also sought to explain Britain's surprise decision last month to join the Beijing- dominated...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department is expected to announce on Friday. But most of that production is on private land in energy patches like North Dakota's Bakken or the Eagle Ford fields of Texas. Specifically, the Interior Department is considering...

  • April 17- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a smaller-than-expected fall in first-quarter margins as it continued to execute tight cost controls to combat a decline in drilling activity. Schlumberger shares rose as much as 3.3 percent to a near-five-month high of $94.89 on Friday, a day after the company reported a...

  • TO PROPOSE HIGHER ROYALTY RATE FOR DRILLING ON FEDERAL LAND- OFFICIAL.

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department was due to announce on Friday. The federal government is entitled to a 12.5 percent share of oil and gas sold from federal land, chiefly in Western states. The stake for offshore drilling is usually set at 18.75 percent.

  • PLAN WOULD BRING ROYALTY RATE CLOSER TO OFFSHORE 18.75 PERCENT FROM CURRENT 12.5 PERCENT.

  • April 17- The International Association of Machinists& Aerospace Workers withdrew its petition for an April 22 election at Boeing Co's South Carolina plant, citing "a toxic environment and gross violations of workers' lawful organizing rights." The decision, which delays the date for an election by at least six months, was made after IAM organizers conducted...

  • UK car dealerships shine on stock market Friday, 17 Apr 2015 | 10:55 AM ET

    LONDON, April 17- With many of Britain's classic car brands now foreign-owned, fund managers and brokers are turning to domestic-listed dealerships to cash in on resurgent car sales and wage growth in the UK without investing abroad. Data this month showed that UK new car registrations rose 6 percent in March, setting a record for the month this century, while...

  • LONDON, April 17- The Group of 20 leading economies is set to back action by regulators to ensure that clearing houses for securities can withstand market shocks. "We will identify and address gaps related to the resilience, recovery and resolution of central counterparties," G20 finance ministers and central bankers said in a draft communique prepared for a...

  • ATHENS, April 17- Greece will need to tap all the remaining cash reserves across its public sector-- a total of 2 billion euros-- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he...