CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Prices were up in early trading after Beijing deactivated a circuit breaker mechanism that was blamed for aggravating equity market crashes earlier this week. Beijing then suspended equities trading as the sharp falls triggered the circuit-breaking mechanism for a second time since its introduction this week. Brent fell by 16 cents to $33.57 a barrel by...

  • WASHINGTON, Jan 8- U.S. wholesale inventories fell more than expected in November amid a push by businesses to reduce a stockpile of unsold goods, the latest indication that economic growth moderated sharply in the fourth quarter. The Commerce Department said on Friday wholesale inventories dropped 0.3 percent as inventories of both durable and nondurable...

  • MEDIA-VW REFUSES TO GIVE U.S.

  • The company, which also makes Pepperidge Farm cookies and Prego pasta sauces, said it would withdraw from all efforts by groups opposing such measures. Several big companies such as Monsanto Co, PepsiCo Inc and Kellogg Co have resisted such calls and have spent millions of dollars to defeat GMO-labeling ballot measures in states such as Oregon, Colorado,...

  • SAO PAULO, Jan 8- Most Latin American currencies recovered slightly on Friday as Chinese stocks rebounded and oil prices steadied, reviving the appetite for risky assets. Emerging market assets had suffered on Thursday as traders saw a drop in the yuan as evidence of wider economic weakness in China, the world's biggest consumer of commodities.

  • NEW DELHI, Jan 8- India's federal investigator on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion, in what local media is calling the country's biggest financial scandal. The arrest of Nirmal Singh Bhangoo comes 17 months after markets regulator the Securities and Exchange Board of India...

  • Jan 8- Apple Inc has lost about $50 billion of its market value in the first four days of the year, forcing some Wall Street analysts to adjust their view on the iPhone maker. The brokerage cut its price target on the stock to $133 from $142. JMP Securities analysts made the steepest cut, reducing its target by $15 to $150.

  • Jan 8- U.S. stocks opened higher on Friday as Chinese stocks recovered, oil prices rose slightly and data showed that hiring surged in December in the United States.

  • DUBLIN, Jan 8- Having rocked world markets at the start of 2016, China will remain in the spotlight in the coming week, with data that may help gauge how sharply growth is slowing in the world's second-largest economy. The tremors set off by the 1 percent slide in China's yuan, from a hammering of Shanghai stocks to oil's slide to a 12- year low and Wall Street's...

  • BRASILIA, Jan 8- Five years before his arrest in a political corruption scandal, billionaire financier André Esteves was nearly banned from banking in Brazil due to irregular trading, according to a central bank document reviewed by Reuters. The severe punishment under consideration was eventually reduced to fines for Esteves and the bank, but it showed...

  • CARACAS, Jan 8- Venezuela's new economic vice president on Friday urged an end to what he termed alarmism over the OPEC country's finances and said it had enough experience to emerge from its current crisis. President Nicolas Maduro, who blames the woes on an "economic war" he claims businessmen are waging against his socialist government, appointed Luis Salas,...

  • Jan 8- Breast implant maker Sientra Inc said its medical implants were found to be safe during a third-party testing, three months after it suspended sales of the devices to ensure technical compliance. In a letter to plastic surgeons dated Thursday, Chief Executive Jeffrey Nugent said the regulatory bodies had reviewed the device and found it to be safe and...

  • *Gold slides from peak of $1,112/ oz, highest since Nov. LONDON, Jan 8- Gold fell further from an earlier nine-week high on Friday as stronger-than-expected U.S. payrolls data boosted the dollar and stock markets, shoring up a recovery in equities from this week's rout. Spot gold touched a low of $1,093.53 in the wake of the data and was down 0.8 percent at $1,100.65 an...

  • *Markets boosted by China stabilisation, strong U.S. data. LONDON, Jan 8- European shares regained some ground on Friday, helped by a stabilisation in Chinese stocks and strong U.S. data, but persistent worries about China left the region's markets facing heavy losses for the week. A fall in the yuan also raised concerns about a slowdown in China, the world's...

  • OTTAWA, Jan 8- Canada added a greater-than-expected 22,800 jobs in December, in part making up for heavy losses in the previous month, while the unemployment rate stayed at 7.1 percent, welcome news for an economy hit hard by low oil prices. Statistics Canada said on Friday the economy created 29,200 part-time jobs and lost 6,400 full-time positions in December.

  • *Payrolls show 292,000 jobs added in Dec. *China shares rise strongly after circuit breaker drop. LONDON, Jan 8- Forecast-beating U.S. jobs numbers sent global stocks and the dollar higher on Friday, extending gains after Chinese markets stabilised and a tentative recovery in oil prices helped calm frazzled investors.

  • *December nonfarm payrolls 292,000 vs 200,000 est. *Unemployment rate holds steady at 5 pct. Jan 8- Wall Street was set to open higher on Friday as Chinese stocks recovered, oil prices clawed back and data showed robust job growth in the United States.

  • *Concerns over China have hit European stocks this week. LONDON, Jan 8- This week's rocky start for European stocks is driving equity traders to seek protection against any further sharp declines as concerns over China weigh on markets. Fears of a slowdown in China, the world's second-biggest economy and a major export market for European companies, intensified...

  • *India plans to double coal production by 2020. NEW DELHI, Jan 8- India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency. India has an ambitious plan to double its coal production to 1.5 billion tonnes a year by...

  • OTTAWA, Jan 8- Canada added a greater-than-expected 22,800 jobs in December, in part making up for heavy losses in the previous month, while the unemployment rate stayed at 7.1 percent, Statistics Canada data indicated on Friday. Analysts polled by Reuters forecast a gain of 10,000 jobs. The economy shed 35,700 positions in November.