CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • TOKYO, Jan 29- Toyota Motor Corp, the world's largest automaker, said it would buy out the rest of minivehicle unit Daihatsu Motor Co- an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets. Daihatsu specialises in 660 cc vehicles and produces models including the Mira and the Cast, while also...

  • BEIJING, Jan 29- China had a wider budget deficit in 2015 than a year earlier as it jacked up spending to cushion an economic slowdown and government revenue grew by the smallest percentage in 27 years, Finance Ministry data showed on Friday. For 2014, China reported a deficit of 1.131 trillion yuan, less than half of last year's size. The ministry- which did not...

  • LONDON, Jan 29- World shares jumped and the yen slumped on Friday after the Bank of Japan stunned markets by taking one of its main interest rates into negative territory, its boldest step yet to reinflate the economy. The yield on Japanese benchmark government bonds plunged to record lows after the central said it would charge 0.1 percent for excess reserves...

  • MAGALUF, Spain, Jan 29- Set back from the white sand beach which first attracted tourists to Magaluf in the 1960 s, a smart new development is rising- part of the Mallorcan resort's plan to transform itself from an alchohol-fuelled fleshpot awash with young Britons to a high-end holiday destination for families and couples. Magaluf's vision shows how Spain's...

  • ATHENS, Jan 29- Greece's central bank chief told the Financial Times on Friday he expects the country's economy to return to growth in the second half of this year and that the risk of Grexit, or leaving the euro zone, is no longer in question. He also said the migrant crisis could prove costly to Greece. More than 800,000 refugees and migrants fleeing Syria,...

  • SHANGHAI, Jan 29- Chinese companies may be forced to sell at least $12 billion in shares in coming weeks to meet margin calls, dealing a further blow to stock markets which have already seen some $2 trillion in value wiped out so far this year. "Over half of all listed companies in China have their shares pledged, so if the market falls further, this issue could become a...

  • LONDON, Jan 29- European equities bounced back on Friday, tracking a rally in Asia after the Bank of Japan stunned the markets by voting narrowly to introduce negative interest rates in a bid to revive inflation. Japan's central bank said it would charge 0.1 percent for excess reserves parked with the institution, an aggressive deflation-fighting policy...

  • *Q3 op profit 202 bln yen vs market consensus 175 bln yen. TOKYO, Jan 29- Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter. "Demand for image sensors from a specific customer has slowed since November due...

  • MADRID/ BARCELONA, Jan 29- Spanish lenders Caixabank and Popular on Friday missed 2015 profit forecasts, hit by one-off charges, but their underlying businesses improved slightly in the last quarter, sending their shares higher. Like European peers, Spanish lenders are struggling to increase earnings from loans as interest rates hover at historic lows, while...

  • *China's main indexes have lost $1.8 trillion this month. *Beijing reassures on yuan, market suspects fall over time. Beijing orchestrated a "National Team" response to the previous crash, taking regulatory action to arrest the selling and urging state-linked buyers to support the market, but there has been little sign of that in January.

  • MADRID, Jan 29- Spain's economy grew at a steady pace in the fourth quarter, adding to hopes the country's recovery has enough momentum to withstand a period of political instability after an inconclusive election result. Spain exited recession in mid-2013, and the economy, fuelled by a consumer spending recovery, has since rebounded to grow at one of the fastest...

  • *Japan move turns focus back on ECB, Fed. LONDON, Jan 29- Germany's 10- year bond yield hit a nine-month low on Friday after a surprise move by the Bank of Japan to adopt negative interest rates cemented expectations that the ECB may also need to take further steps to boost inflation. Germany's 10- year Bund yield fell 4 basis points to 0.29 percent, its lowest level...

  • Brent futures have jumped 28 percent since hitting an intra-day low of $27.10 a barrel on Jan. 20 and up to its Jan. 28 high of $35.84. Brent had risen 82 cents to $34.71 a barrel by 0808 GMT, after ending up 79 cents, or 2.4 percent, at $33.89 on Thursday, and is heading for its fourth straight session of gains. U.S. crude climbed 84 cents to $34.06 a barrel, having settled up 92...

  • PARIS, Jan 29- French growth slowed only slightly in the final quarter of 2015 despite the November attacks by Islamist militants in Paris, as a rebound in business investment to levels not seen before the financial crisis of 2008 offset a consumer spending slump. Despite the economy's resilience shown after the attacks that left 130 dead, France is struggling...

  • *Takata met automakers on Friday. *Japan media: German report into air bag failures due soon. TOKYO, Jan 29- Japanese air bag maker Takata Corp, mired in a long-running safety recall crisis, said on Friday its Chairman and CEO Shigehisa Takada had no intention as of now to resign.

  • *CEO aiming to cut cost base by 150- 200 mln stg by 2017. LONDON, Jan 29- British engineering company Rolls-Royce is cutting a few dozen senior management jobs, the latest move by its chief executive to revive a company reeling from low oil prices and a slowdown in aero-engine servicing. CEO Warren East, who took the helm in July, wants to cut the company's cost base by...

  • MOSCOW, Jan 29- Russian Deputy Prime Minister Arkady Dvorkovich said on Friday that low oil prices will lead to cuts in investments and may result in a lower oil output, but the state will not intervene to balance the market.

  • LONDON, Jan 29- European equities bounced back on Friday, tracking a strong rally in Asian shares after the Bank of Japan stunned markets by announcing negative interest rates in a bid to boost the economy. Japan's central bank said it would charge 0.1 percent for excess reserves parked with the institution, an aggressive policy pioneered by the European...

  • BEIJING, Jan 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program fell to $80.80 billion as of Jan. 29, the country's foreign exchange regulator said in a statement on Friday. China reported its end-December QFII quota, which stood at $81.1 billion as of Dec.25. The QFII scheme was created to allow...

  • MOSCOW, Jan 29- Russia is constantly in contact with other oil producers, Deputy Prime Minister Arkady Dvorkovich told reporters on Friday.