GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *Copper demand not as bad as China headlines suggest- analyst. This is because you have weak data, but there could be supportive policies coming out, "said Xiao Fu, head of commodity market strategy at Bank of China International in London. Data showed China's quarterly growth dropped to its slowest in six years and weakness in key sectors fuelled expectations that...

  • LONDON, April 15- European shares hit a 14- year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too. Firmer commodity prices and merger news also helped hoist European stocks, and U.S. stock index futures pointed to a firmer start...

  • MOSCOW, April 15- Russian Energy Minister Alexander Novak said on Wednesday Russia was not discussing with Iran the possibility of supplying Iranian oil to global markets.

  • SHANGHAI, April 15- Singapore's Flextronics International Ltd is in advanced talks to buy part of the Chinese business of Alcatel-Lucent SA, the French telecoms firm currently being taken over by Nokia Oyj, two people told Reuters. Telecoms equipment makers like Alcatel-Lucent and Finland's Nokia have been grappling with a sector suffering slow growth...

  • *Alcatel shares fall back as Nokia unveils bid details. PARIS, April 15- European stocks rallied on Wednesday, with one regional benchmark hitting a level not seen since late 2000, ahead of a European Central Bank meeting at which the bank is expected to affirm its loose monetary stance. Shares in France's Alcatel-Lucent dropped 13 percent, slipping back from its...

  • MOSCOW, April 15- Russian Energy Minister Alexander Novak said on Wednesday companies were discussing terms for a barter deal with Iran and that no oil deliveries to Russia were planned. Novak told reporters: "There are negotiations between companies, they are working on the terms. Russia announced earlier this week that a long-discussed oil-for-assets deal...

  • BEIJING, April 15- Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000 s but whose hype then faded. Financial details of the deal were not disclosed, but Ninebot Chief Executive Gao Lufeng said...

  • BEIJING, April 15- The Chinese government has hired seven accounting firms to carry out an audit of the overseas assets of China's state-owned enterprises, the sector's regulator said on Wednesday, as it tries to improve transparency and combat corruption. The State-owned Assets Supervision and Administration Commission said that it will spend 11.39...

  • MOSCOW, April 15- Russia's third-largest oil producer, Surgutneftegaz, will deliver 8.4 million tonnes of oil via the East Siberia-Pacific Ocean pipeline in 2015, Vladimir Bogdanov, the company's head, said on Wednesday. Surgut shipped 2 million tonnes via the ESPO pipeline in the first quarter of this year. According to its loading schedule, it plans to deliver...

  • BERLIN/ STUTTGART, April 15- Volkswagen's first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn-- but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said,...

  • Germany declines comment on Greek bankruptcy plan report Wednesday, 15 Apr 2015 | 6:12 AM ET

    BERLIN, April 15- The German government declined comment on Wednesday on a story in German weekly Die Zeit which said Berlin was working on a plan that would allow Greece to receive financing from the European Central Bank even if it missed payments to creditors. "The plan under discussion is aimed at allowing he ECB to continue financing of Greece in the event of...

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."

  • *China's economy grew 7 pct in Q1, slowest in six years. LONDON, April 15- Gold edged lower on Wednesday as European shares advanced and the dollar recouped losses made after weaker than expected U.S. economic data. "Gold is having to really compete with other financial assets that offer yields," Societe Generale analyst Robin Bhar said.

  • MOSCOW, April 15- Russia's top lender, Sberbank, plans to file a bankruptcy lawsuit against Mechel after talks on restructuring the steel producer's debt failed, RIA news agency quoted Sberbank's head, German Gref, as saying on Wednesday.

  • This pressured Asian stocks, taking the MSCI emerging equities index further off recent six-month highs. But crude prices approached $60 a barrel on signs of falling U.S. production, benefiting Gulf markets such as Dubai and Saudi Arabia that rose as much as 1.9 percent. "The Chinese slowdown is real and permanent and that's a fundamental headwind for countries...

  • China says 57 countries to be founding members of AIIB Wednesday, 15 Apr 2015 | 5:35 AM ET

    BEIJING, April 15- A total of 57 countries will be founding members of the new Beijing-backed Asian Infrastructure Investment Bank, China's finance ministry said on Wednesday, throwing together countries as diverse as Iran, Israel, Britain and Laos. Washington had cautioned nations about joining the bank, seen as a rival to the U.S.-dominated World Bank, citing...

  • Nokia, miners help European shares reach new 14-year high Wednesday, 15 Apr 2015 | 5:27 AM ET

    *Nokia gains after deal, Alcatel-Lucent slips. LONDON, April 15- European shares touched a new 14- year high on Wednesday, with Nokia gaining after agreeing to buy rival telecom equipment maker Alcatel-Lucent, and firmer oil and metals prices boosting energy and mining stocks. Shares in Royal Dutch Shell, Tullow Oil and BP rose 0.8 to 2.4 percent.

  • BERLIN/ STUTTGART, April 15- The family that controls Volkswagen will meet over the coming days to discuss a leadership crisis at Europe's biggest carmaker sparked by Chairman Ferdinand Piech's criticism of CEO Martin Winterkorn, company sources told Reuters. Piech, 77, will meet cousin Wolfgang Porsche and other family members, the sources said, to discuss...

  • BERLIN/ STUTTGART, April 15- The family that controls Volkswagen will meet over the coming days to discuss a leadership crisis at Europe's biggest carmaker sparked by Chairman Ferdinand Piech's criticism of CEO Martin Winterkorn, company sources told Reuters. Piech, 77, will meet cousin Wolfgang Porsche and other family members, the sources said, to discuss...

  • LONDON, April 15- Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency indicating that supplies would take longer to tighten than previously expected. Front-month Brent crude futures were up 68 cents at $59.11 per...