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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • BEIJING, March 20- Business confidence among entrepreneurs in China fell in the year's first quarter from the final quarter of 2014, according to a survey by the People's Bank of China published on Friday. Fewer households rated consumer prices "unacceptably high" in the first quarter, versus the fourth quarter of last year, a separate survey showed, while the...

  • BEIJING, March 20- A glitch in the broadband infrastructure of China Unicom Hong Kong Ltd caused a brief but widespread Internet outage in mainland China on Friday, the company said. China Unicom, in a statement on its Weibo microblogging account, said Internet access was disrupted from 1:25 p.m. to 1:45 p.m. local time. In February, China Unicom said it had 69...

  • SHANGHAI, March 20- China's yuan at some point would be incorporated in the International Monetary Fund's Special Drawing Right currency basket, said Christine Lagarde, Managing Director of the IMF, said in Shanghai on Friday. "It's not a question of if, it's a question of when," she said during a question and answer session following a speech at Fudan University.

  • *Kuwait says OPEC must keep output steady. LONDON, March 20- Brent crude oil fell towards $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. "Oil has been under pressure following remarks by Kuwait's oil minister and the very slim chance of an...

  • *Orders from U.S. +9.1 pct y/y; China -8.1 pct. TAIPEI, March 20- Taiwan's export orders in February contracted from a year earlier, contrary to expectations, but strength in orders for the island's bellwether technology goods indicate last month's drop may be a one-off. Although the number of work-days last month was reduced by the Lunar New Year holiday, "orders for...

  • LONDON, March 20- The euro nudged towards its best week in 18 months while yields on low-rated bonds fell as investors welcomed the Fed's cautious approach to raising interest rates and a reform pledge from Athens that could avert a cash crunch. Illustrating the problems low inflation is causing for central banks looking to normalise monetary policy in the...

  • March 20- An experimental drug from Biogen Idec became the first Alzheimer's treatment to significantly slow cognitive decline and reduce what is believed to be brain-destroying plaque in patients with early and mild forms of the disease, according to a small study likely to reignite hopes of a treatment. Biogen is entering a field littered with expensive...

  • TOKYO/ SYDNEY, March 20,- Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank while Japan's foreign minister signalled cautious approval of the institution that the United States has warned against. Japan, Australia and the South Korea, all major U.S. allies, are the notable regional absentees from the AIIB.

  • MOSCOW, March 20- Russia described "sanctions rhetoric" as destructive on Friday and said it would do what is in its national interests after European Union leaders kept economic sanctions in place over the Ukraine crisis. In comments to reporters, Kremlin spokesman Dmitry Peskov also accused Kiev of violating the terms of a peace deal for eastern Ukraine that...

  • *BNP Paribas revises down euro/dollar forecasts. The euro was 0.2 percent higher against the dollar at $1.0683, well below Wednesday's high above $1.10 but still leaving the single currency on track for its best weekly performance since September 2013 with a 1.7 percent rise. So the weakness that we saw in the dollar in the aftermath of that translated into some...

  • *Holcim and Lafarge rise after agreeing new merger terms. LONDON, March 20- Construction companies Holcim and Lafarge outperformed flat pan-European equity indexes on Friday after salvaging their merger. Holcim rose 1.3 percent and Lafarge added 3.5 percent after the companies agreed new terms on a planned multi-billion-euro deal that would create the...

  • Some industry experts forecast home prices to fall by over a third by end-2016, clouding the prospects of major developers CK Hutchison Holdings Ltd, owned by Asia's richest man Li Ka- shing, and Sun Hung Kai Properties Ltd.. An increase in U.S. rates would also trigger a rise in Hong Kong because the local currency is pegged to the U.S. dollar, paving the way for...

  • TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co plans to offer financial support to Japan's struggling electronics maker Sharp Corp, the Toyo Keizai business magazine said on Friday. Sharp, which has warned of its third annual loss in four years, has been negotiating terms of a rescue plan with the Bank of Tokyo-Mitsubishi UFJ, part of Mitsubishi UFJ...

  • BANGKOK, March 20- Thailand's central bank cut its 2015 growth forecast on Friday and warned of "downside risks" as exports will barely rise and domestic demand is still weak. The Bank of Thailand trimmed its projection to 3.8 percent, from 4.0 percent seen three months ago. In 2014, Southeast Asia's second largest economy expanded 0.7 percent.

  • JGBs drop, with superlong zone underperforming Friday, 20 Mar 2015 | 4:44 AM ET

    TOKYO, March 20- Japanese government bonds fell on Friday, giving back some of the previous session's sharp gains made after the U.S. Underpinning bond market sentiment, the minutes of the Bank of Japan's February meeting released on Friday showed that government officials signalled to the central bank that it shouldn't rush in accelerating inflation.

  • LONDON/ MADRID, March 20- British bank TSB has agreed to a 1.7 billion pounds takeover by Spanish lender Banco Sabadell in one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a significant challenger to Britain's "Big Four" lenders: Barclays, HSBA.L, Royal Bank...

  • Belarus and oil producers Kazakhstan and Russia are joined by Armenia in the Eurasian Economic Union. Referring to relations with Russia and Belarus, Nazarbayev said: "Unfortunately, our union is now being tested by great challenges, because export prices have fallen, especially in Russia and Kazakhstan, for oil and other export commodities."

  • LONDON, March 20- Euro zone government bond yields fell on Friday, with the European Central Bank's bond buying splurge reducing Greece's cash crunch to a sideshow for the moment. Greek Prime Minister Alexis Tsipras assured European Union creditors at late-night crisis talks in Brussels that his leftist-led coalition would soon present a full set of...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- Camfin, a key shareholder in Pirelli, said on Friday it was in talks with an international industrial partner to sell its 26.2 percent stake in the Italian tyre company. The investment firm said the deal under discussion envisaged the transfer of the whole of its stake in Pirelli to a new...

  • *BOJ Tankan due March 31 at 2350 GMT. TOKYO, March 20- Japanese manufacturers' confidence likely picked up in the first quarter and is expected to improve further as a weak yen boosts exporters and falling oil prices reduce operating costs, data is expected to show in coming weeks. But core inflation is seen slowing for a seventh straight month in February due to weak...