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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *Market seen in global surplus of around 65,000 T in 2015- Natixis. Nickel has almost halved in value since hitting two-year highs above $21,000 last May, as an expected supply crunch in China failed to materialise while LME stocks hit record highs. While the market has concentrated heavily on the supply scenario, Nic Brown, head of commodities research at...

  • March 31- Medical tests maker Quest Diagnostics Inc and contract research company Quintiles Transnational Holdings Inc said they were combining their clinical trial laboratory operations in a joint venture. The combined revenue of the joint venture would have been about $575 million in 2014, the companies said. Quest Diagnostics shares closed at $77.69...

  • PARIS, March 31- Euro zone shares are enjoying their best first-quarter performance in 17 years as global investors pour money back into the region on expectations the European Central Bank's asset-buying scheme will spark a corporate profit renaissance. The Euro STOXX index, including euro zone shares such as brewer Anheuser-Busch InBev and planemaker...

  • Argentina's MSCI country index has soared by almost 30 percent, making it the star performer of the MSCI Frontier Market country indexes. Eastern Europe produced the best performers across emerging markets' MSCI country indexes, with Russia rising more than 18 percent and Hungary up more than 17 percent, as this graphic shows:. "Central Europe has benefited from...

  • LONDON, March 31- The dollar is on track for its best quarterly performance since 2008 while the euro is set for its worst ever three months, reflecting a divergence in monetary policies between the United States and the euro zone. "First-quarter expectations were focused on cyclical divergence between the U.S. and rest of the world, and especially Europe," said...

  • LONDON, March 31- Italian government bonds delivered the best returns of euro zone investment grade debt in the first quarter, as the European Central Bank's bond-buying programme pushed yield-starved investors towards riskier credits. "The indirect effect the ECB programme has is that investors are searching for higher yields," said ING senior rate...

  • *Tally of central bank support for Greece mounts. As political wrangling with Athens freezes the country's access to loans from euro zone states, Greece has been drawing heavily on the ECB, running up an ever larger tab. Any such losses would come on top of a default on some or all of Greece's more than 320 billion euro national debt and provide another reason for...

  • KUWAIT, March 31- Iran wants all parties in Yemen to return to calm and dialogue, Tehran's deputy foreign minister Hossein Amir Abdollahian said on Tuesday, adding the Islamic Republic and Saudi Arabia could work together to solve the conflict there. "Iran and Saudi Arabia can cooperate to solve the Yemeni crisis," Abdollahian told reporters in Kuwait, speaking...

  • *Yoox makes all-share offer to buy Net-a-Porter. *Yoox share up 9 pct after 10 pct rise on Monday. PARIS/ MILAN, March 31- Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros.

  • BEIJING, March 31- China will punish Internet companies including Tencent Holdings Ltd, Youku Tudou Inc and Baidu Inc's iQiyi for hosting videos suspected of containing violence and pornography, which it said causes juvenile delinquency. The offending material is primarily Japanese animation on the video streaming websites of Tencent, Youku Tudou, iQiyi,...

  • IRAN DEPUTY FOREIGN MINISTER CALLS FOR ALL SIDES IN YEMEN TO "RETURN TO CALM AND DIALOGUE".

  • LIMA, March 31- Peru's prime minister was ousted by Congress in a vote of no confidence late on Monday following allegations of spying on her opponents, delivering a blow to President Ollanta Humala who will now have to form a new government. Seventy-two lawmakers voted to remove Prime Minister Ana Jara from office after less than a year in the job, while 42 opposed...

  • YEMEN FOREIGN MINISTER CALLS FOR ARAB GROUND INTERVENTION "AS SOON AS POSSIBLE"- TV INTERVIEW.

  • *Some investors bet Indonesia will relax ore export ban- analyst. LONDON, March 31- Nickel plunged to near a six-year low on Tuesday on worries over record stockpiles, weak demand for stainless steel and growing doubts over the fate of Indonesia's ore export ban that many believed would tighten the market. Nickel prices have nearly halved since hitting two-year...

  • ISTANBUL, March 31- A major power outage hit cities and provinces across Turkey on Tuesday, including the capital of Ankara and the biggest city, Istanbul, where parts of the subway system were shut down and shopping malls were plunged into darkness. This is not an incident that we see frequently, "Energy Minister Taner Yildiz said during a trip to Bratislava, in...

  • *Yoox makes all-share offer to buy Net-a-Porter. *Yoox share up 9 pct after 10 pct rise on Monday. PARIS/ MILAN, March 31- Italian online fashion retailer Yoox has bought Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros.

  • Credit bureau TransUnion files for IPO Tuesday, 31 Mar 2015 | 6:23 AM ET

    The company, which sells credit reports and services to business, listed Goldman Sachs, J.P. Morgan Securities, Deutsche Bank Securities Inc and Merrill Lynch, Pierce, Fenner& Smith among underwriters to the IPO.

  • March 31- Medical tests maker Quest Diagnostics Inc and contract research company Quintiles said they were combining their clinical trial laboratory operations in a joint venture. Quintiles will own 60 percent of the joint venture, with Quest owning the rest, the companies said on Tuesday. The companies did not disclose the financial terms of the deal.

  • BEIJING, March 31- China will introduce an insurance scheme for bank deposits from May 1, the cabinet said on Tuesday, bringing in a reform seen as crucial for the liberalisation of the banking sector. The roll-out of the scheme, which has been talked about in China for around 20 years, comes at a time of heightened financial stress in the country as a slowing economy...

  • SEOUL, March 31- Hyundai Motor Co Chairman Chung Mong- koo received a 2 percent pay rise to 5.72 billion won in 2014, a year that saw weakness in the rouble and yen contributing to sluggish earnings at the South Korean automaker. Earlier this month, Chief Executive Kim Choong- ho said Hyundai- the world's fifth-biggest automaker when coupled with affiliate Kia...