GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Secretary of Commerce Penny Pritzker said on Tuesday, during a visit to China as part of a trade delegation. U.S. officials, including President Barack Obama, have raised concerns about cybersecurity regulations China is now considering that could limit opportunities for foreign technology companies, including a draft anti-terrorism law and so-called "...

  • FRANKFURT, April 14- Euro zone banks expect strong demand for loans from companies and home buyers in the coming months as the European Central Bank's money printing improves funding conditions, an ECB survey showed on Tuesday. The ECB's quarterly Bank Lending Survey, which polls more than 140 top banks, showed that lending standards were gradually being...

  • LONDON, April 14- European share markets touched a 14- year high on Tuesday, supported by takeover talks between telecoms equipment firms Nokia and Alcatel Lucent, while a shifting global monetary policy outlook weighed on the euro. The talks between Finland's Nokia and its French rival Alcatel, which could create a group worth over 40 billion euros, came as a...

  • China clings to strong yuan despite export slowdown Tuesday, 14 Apr 2015 | 5:16 AM ET

    *China exports unexpectedly tumbled 15 pct in March. According to Goldman Sachs, its yuan trade-weighted index has jumped 13 percent since June last year, and the currency's strength is a key reason for China's disappointing export sales. The reluctance to weaken the currency comes after China's capital and financial account recorded a deficit of $91.2...

  • UPDATE 2-Nokia in advanced talks to buy Alcatel-Lucent Tuesday, 14 Apr 2015 | 5:09 AM ET

    HELSINKI/ PARIS, April 14- Nokia Oyj is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal that would combine the industry's two weakest players but could pose challenges in cutting costs and overcoming political opposition. In a joint announcement, the Finnish and French companies said they were in "advanced discussions" on a "full...

  • *LME tin breaks below $16,000 T for first time since June 2010. LONDON, April 14- Copper hit a four week low on Tuesday as the dollar resumed its rally and investors grew concerned about demand in top copper consumer China a day before the country updates on economic growth. Copper has been consolidating since hitting near 6 year lows in January.

  • *FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating market expectations, as the authorities ramped up efforts to avert a sharper economic slowdown. Economists polled by Reuters had expected new local-currency loans at 1.03 trillion yuan in March, compared with 1.02 trillion yuan in...

  • STOCKHOLM, April 14- Swedish consumer prices rose less than expected in March, supporting expectations the central bank will cut interest rates further into negative territory when it meets later this month. Sweden's consumer price index rose 0.1 percent in March from the previous month, the statistics office said on Tuesday, versus a Reuters poll forecast...

  • UPDATE 1-Russian rouble steady on Tuesday after rally Tuesday, 14 Apr 2015 | 4:38 AM ET

    The rouble has been supported this week by firming oil prices, although the link with oil has weakened in recent weeks as investors take into account high Russian interest rates and the easing of the Ukraine conflict. In a note, VTB24 analyst Alexei Mikheev said the rally was the result of high demand for Russian bonds from foreign investors, drawn by high yields...

  • China c.bank aims for "reasonable" credit growth Tuesday, 14 Apr 2015 | 4:35 AM ET

    BEIJING, April 14- China central bank said on Tuesday that it will use a variety of policy tools to keep liquidity conditions appropriate and maintain "reasonable" growth in credit and social financing. The central bank, which made the comment after data showed March new loans beat market expectations but money supply growth slowed, also said borrowing costs for...

  • *Global production remains high, China's economy seen slowing. LONDON, April 14- Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tension in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. Brent crude for May was up 50 cents at $58.43 a barrel by 0815 GMT,...

  • China March new yuan loans beat expectations Tuesday, 14 Apr 2015 | 4:15 AM ET

    BEIJING, April 14- Chinese banks extended 1.18 trillion yuan worth of new loans in March, above market expectations, but growth in broad money supply slowed, central bank data showed on Tuesday. The central bank said that total social financing, a broader measure of overall liquidity in the economy, was 1.18 trillion yuan in March, versus 1.35 trillion yuan in...

  • Nokia-Alcatel talks lift European shares to new highs Tuesday, 14 Apr 2015 | 4:14 AM ET

    *Alcatel up 10.7 pct as Nokia enters takeover talks. LONDON, April 14- European shares edged higher on Tuesday, supported by mergers and acquisitions activity in the telecoms equipment sector after Nokia entered talks to buy Alcatel Lucent. Alcatel-Lucent was up 10.7 percent while Nokia fell 7.4 percent.

  • Hong Kong shares fall, led down by Tencent Holdings Tuesday, 14 Apr 2015 | 4:09 AM ET

    April 14- Hong Kong stocks retreated on Tuesday, breaking an eight-day winning streak, as Tencent Holdings Ltd slumped after its chief executive reduced his holdings in China's biggest social networking and online entertainment firm. Tencent, whose market capitalisation topped $200 billion for the first time on Monday on the back of Hong Kong's recent bull...

  • Philippines looks to broaden range of rice suppliers Tuesday, 14 Apr 2015 | 3:57 AM ET

    MANILA, April 14- The Philippines' state grains procurement agency said on Tuesday that it would look to import rice from a broader range of countries including Pakistan, India and Myanmar, as it tries to diversify its supplies of the staple food. One of the world's biggest rice importers, the Philippines usually buys from key producers Vietnam and Thailand.

  • FOREX-Yen hits 2-year high against a broadly weak euro Tuesday, 14 Apr 2015 | 3:54 AM ET

    LONDON, April 14- The yen rose to a two-year high against a broadly struggling euro on Tuesday, after an economic adviser to Japan's Prime Minister Shinzo Abe indicated that the yen might have fallen too far and needed to retrace some of its losses. The yen's rebound also came after the Bank of Japan signaled on Monday that the benefits of its stimulus program were...

  • UPDATE 1-Nokia says in talks to buy Alcatel-Lucent Tuesday, 14 Apr 2015 | 3:51 AM ET

    HELSINKI/ PARIS, April 14- Nokia Oyj is in talks to buy Alcatel-Lucent, a deal that could create a European telecoms equipment group worth over 40 billion euros, and cut costs at two of the industry's weaker players. Nevertheless shares in Alcatel, a group worth about 11 billion euros based on Monday's closing share price, rose 14 percent on Tuesday morning.

  • *LME tin breaks below $16,000 T for first time since June 2010. MELBOURNE, April 14- London copper prices snapped key support on Tuesday to fall to a four-week low as souring sentiment over China's economic growth sapped expectations for demand. People are now probably looking to see if Chinese authorities are going to take any more significant measures to...

  • LVMH spirits sales beat, but fashion disappoints Tuesday, 14 Apr 2015 | 3:35 AM ET
    A shopper looks at the window display of a Louis Vuitton store, operated by LVMH Moet Hennessy Louis Vuitton SA.

    French luxury group LVMH posted a 3 percent rise in like-for-like first-quarter sales, following an "excellent start to the year" at Louis Vuitton.

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. The talks, reported earlier by French daily Les Echos, are ongoing and a deal is expected to be signed soon, said the person, who asked not to be named because the discussions are...