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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...

  • TOKYO, April 30- Japanese consumer electronics maker Sony Corp said it expects operating profit to more than quadruple this fiscal year, boosted by strong sales of camera sensors and cost cuts in its ailing mobile phone business. Sony said on Thursday it estimates operating profit will grow in the year ending March 2016 to 320 billion yen from 68.5 billion in the...

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • LONDON, April 30- Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion, as refining and trading profits offset a decline in earnings from oil and gas output. Shell maintained a dividend of 47 cents per share and said it would use its planned $70 billion acquisition of smaller British rival BG Group...

  • PARIS/ BERLIN, April 30- Airbus Group said its main commercial jet programmes were on track and confirmed its full-year guidance on Thursday despite a dip in underlying first-quarter profit. After a boom in jet demand that accounts for the bulk of a roughly $1 trillion stockpile of orders on the European company's books, Airbus and U.S. rival Boeing are...

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31.

  • *Honda, NTT Docomo, Oriental Land hit by earning disappointment. TOKYO, April 30- Japanese shares suffered their biggest loss in four months on Thursday on weak U.S. growth figures and lacklustre earnings from Japanese companies including Honda Motor. Their selling should be considered in this context, "said Norihiro Fujito, senior investment strategist at...

  • Dollar briefly touches one-month low vs yen Thursday, 30 Apr 2015 | 2:22 AM ET

    SINGAPORE, April 30- The dollar touched a one-month low versus the yen on Thursday, after the Bank of Japan held off from further easing and pushed back the deadline to hit its 2 percent inflation target to around the first half of fiscal 2016.. The dollar briefly slipped to 118.50 yen, its lowest level since late March. It later trimmed some losses, and last traded at...

  • COPENHAGEN, April 30- The chief operating officer of Novo Nordisk, who had been widely expected to take over as CEO, quit on Thursday, after the board decided that the current chief should serve towards the end of his contract. Chief Executive Lars Rebien Sorensen was expected to step down well before the end of his contract in 2019 and with the appointment of Kaare...

  • Tattoo snafu irks inked Apple Watch wearers Thursday, 30 Apr 2015 | 2:08 AM ET

    SYDNEY, April 30- Early adopters of the Apple Watch, Apple Inc's first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos. Owners of Apple Watch- including this reporter, who bought a 42 mm version with stainless steel case and black classic buckle for A $1,029- have found that their inked skin confuses the...

  • BANGKOK, April 30- Thailand's central bank on Thursday relaxed curbs on capital outflows, a move aimed at weakening a strong baht that has hurt exports, a key driver of the economy the military government has been struggling to revive after a coup last May. Thailand will allow Thais to freely purchase foreign currencies for deposit up to a limit of $5 million,...

  • SINGAPORE, April 30- The yen clawed higher on Thursday after the Bank of Japan held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing. The dollar extended its losses and slipped to a low of 118.54 yen after the BOJ decision, and last traded at 118.64 yen, down 0.3 percent on the day.

  • Sanofi keeps 2015 guidance with steady Q1 profits Thursday, 30 Apr 2015 | 1:42 AM ET

    PARIS, April 30- Drugs firm Sanofi maintained its guidance for stable to slightly growing 2015 profit on Thursday as first-quarter earnings grew modestly and beat expectations despite declining sales of its main drug Lantus. But this impact was offset by strong operating profit growth in its Genzyme, Generics, Consumer Healthcare and Animal Health...

  • SHANGHAI, April 30- China stocks were mixed on Thursday morning, with weak banks countering sharp gains in small-cap plays ahead of a planned cross-border investment scheme between Shenzhen and Hong Kong. But the Shenzhen market, home to China's listed start-up companies and small- and medium-sized enterprises was very strong, on expectation that China will...

  • Thai central bank relaxes curbs on capital flows Thursday, 30 Apr 2015 | 12:51 AM ET

    BANGKOK, April 30- Thailand's central bank on Thursday relaxed curbs on capital outflows, a move aimed at weakening a strong baht that has hurt the country's exports. Thailand will allow Thais to freely purchase foreign currencies for deposit up to a limit of $5 million, the Bank of Thailand said in a statement. It will also allow Thais to purchase properties...

  • SINGAPORE, April 30- The yen pushed higher on Thursday after the Bank of Japan kept policy unchanged and held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing. The dollar slipped to as low as 118.54 yen after the BOJ decision and last traded near 118.61 yen, down 0.4 percent on the day.

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...

  • KATHMANDU, April 30- Rescue teams toiled in pouring rain on Thursday in the debris left by last week's devastating earthquake in Nepal, but officials said the chances of finding any more survivors was bleak as the death toll neared 5,500.. While rescue teams were out in the capital Kathmandu despite the rain, helicopters could not fly to the worst-hit areas in the...

  • *BOJ's semi-annual report due 0600 GMT. TOKYO, April 30- The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and eventually nudge inflation towards its 2 percent target. Markets are now focusing on the central bank's semi-annual report on the economic and...

  • SHANGHAI, April 30- China's yuan weakened versus the dollar on Thursday as corporate dollar demand ahead of the coming long weekend offset a stronger central bank midpoint, traders said. The People's Bank of China set the midpoint rate at 6.1137 per dollar prior to market open, firmer than the previous fix 6.1169 and equalling the multi-month high it fixed on Dec....