CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • BEIJING, Sept 25- China's economic growth will not fluctuate much in the third quarter compared with previous quarters as the impact from the stock market volatility was not large, Sheng Laiyun, spokesman of the National Bureau of Statistics, said on Friday.

  • *Strong seasonal refinery demand from China supports market. *HSBC warns that economic weakness not confined to China. SINGAPORE, Sept 25- Oil markets rose on Friday as strong seasonal demand from China outweighed weak consumer data from Japan, although analysts said that the slowing global economic outlook meant that oil prices would likely remain low for...

  • LONDON, Sept 25- Britain's second most powerful man, George Osborne, will lead a trade delegation to Iran next year if the Islamic Republic honors a nuclear deal with world powers, the Financial Times reported. In a signal of how Western ties have thawed with Iran, Britain reopened its embassy in Tehran last month and British Foreign Secretary Philip Hammond said...

  • BEIJING, Sept 25- China's survey-based unemployment rate stood at around 5.1 percent in August, the National Bureau of Statistics said on Friday. China is confident it can meet this year's economic growth target, and the economy is operating within reasonable range, said Sheng Laiyun, the bureau's spokesman. Sheng added that the United States should not...

  • TOKYO, Sept 25- Japanese stocks bounced back from two-week low hit earlier in the day as investors bought real estate companies and financial shares on renewed hopes that the Bank of Japan might ease its policy as soon as next month. Bank of Japan Governor Haruhiko Kuroda met Japanese Prime Minister Shinzo Abe on Friday after data showed Japan's core consumer...

  • Eni's winning gas streak leaves competition chafing Friday, 25 Sep 2015 | 2:00 AM ET

    *Eni Zohr gas find biggest ever in Mediterranean. MILAN, Sept 25- Eni's giant Zohr gas find in Egypt this month, a gamble taken under the noses of competitors, marked the Italian major's rapid rise to preeminence in the hunt for big new fields. Its risk-taking new leadership went ahead with what rivals described as an opportunistic drilling plan, leaving peers BP, BG,...

  • India orders probe into Volkswagen cars - Mint Friday, 25 Sep 2015 | 1:52 AM ET

    MUMBAI, Sept 25- The Indian government has ordered a probe into Volkswagen emissions after the carmaker admitted cheating on U.S. pollution tests, the Mint newspaper reported on Friday citing officials familiar with the matter. The government has asked testing agency Automotive Research Association of India to evaluate Volkswagen cars, the newspaper said.

  • Sept 25- China's slowdown is an opportunity for a "real market economy" to flourish, and it will be entrepreneurs, not the government, spurring consumption that will drive growth, Alibaba Group Holding Ltd Executive Chairman Jack Ma said. Beijing is seeking to steer the economy toward a consumption-driven model and reduce its reliance on government investment...

  • NEW YORK, Sept 25- Early in August, a call came into Sysco Corp from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company. Trian, run by veteran investor Nelson Peltz, unveiled its 7.1 stake in Sysco on Aug. 14, and asked for board representation and for the Houston- based company to improve...

  • WASHINGTON, Sept 25- President Barack Obama will host Chinese President Xi Jinping for his first U.S. state visit on Friday, but the pomp and pageantry will not be enough to mask tensions over alleged Chinese cyber spying, Beijing's economic policies and territorial disputes with its neighbors. Despite such ceremonial honors, the Chinese Communist leader-...

  • TOKYO, Sept 25- The benchmark Japanese government bond yield touched a four-month low on Friday as purchases by the Bank of Japan continued to tighten the supply of debt available to investors. The 10- year JGB yield reached 0.325 percent, a trough not seen since late May. Strong investor demand for debt was revealed at Friday's 500 billion yen "...

  • *CSI300 -1.8 pct, SSEC -1.8 pct, HSI -0.5 pct. SHANGHAI, Sept 25- China stocks fell on Friday, led by a selloff in small caps, and were on track to end the week flat as volumes continued to slide. During the week, a preliminary reading of China industrial activity falling to its weakest level since 2009, but home prices rose for the fourth month, a reassuring sign.

  • BENGALURU/ SHANGHAI, Sept 24- Nike Inc's first-quarter profits outpaced expectations as surprisingly steep China growth boosted the world's largest sportswear maker, despite fears of a slowdown in the world's second-biggest economy. Nike described the China results as "amazing". Nike's strong China showing bucks a wider trend of slowing consumer sales that...

  • *Dollar up broadly, back above 120.00 yen. SYDNEY/ TOKYO, Sept 25- The greenback rose on Friday as dollar bulls took heart after Federal Reserve Chair Janet Yellen kept the door open to a hike in interest rates later this year, a week after the central bank delayed a long-anticipated move. The euro slid 0.6 percent to $1.1168, pulling away from levels closer to $1.1300.

  • SHANGHAI, Sept 25- China's yuan firmed on Friday as dollar demand dropped after officials repeatedly said that there was no basis for the Chinese currency to depreciate in the long run. The yuan is set to weaken 0.2 percent for the week if it closes at the midday level, as the People's Bank of China has eased off from intervening in trading, they said.

  • *HSBC warns that economic weakness not confined to China. *But strong seasonal refinery demand from China supports market. SINGAPORE, Sept 25- Oil markets remained subdued in early trading in Asia on Friday after weak data from Japan reinforced concerns over global economic growth, while strong seasonal demand from China helped support prices in the...

  • GRAINS-Soybeans rise for third day on bargain buying Thursday, 24 Sep 2015 | 11:22 PM ET

    *Wheat ticks up after falling 2 pct on Thursday, corn up. Among other grains, wheat edged up after a 2 percent drop on Thursday as concerns over adverse weather in Australia and the Black Sea region eased amid a forecast of ample world supplies. Wheat prices had initially rallied to a one-month high in the previous session, but later came under pressure after the...

  • Nikkei edges down after weak inflation data, China woes Thursday, 24 Sep 2015 | 11:13 PM ET

    TOKYO, Sept 25- Japanese stocks slipped on Friday morning after weak inflation data and lingering worries over slowing growth in China soured the mood. Firms exposed to China took a hit, with faltering global demand highlighted by the Japanese government cutting its economic assessment, citing external risks posed by China and an upcoming U.S. interest rate...

  • TOKYO, Sept 25- Japan's core consumer prices marked the first annual drop since the central bank deployed its massive stimulus programme more than two years ago, casting further doubt on whether heavy money printing alone can accelerate inflation to its 2 percent target. It was the first decline since April 2013, when BOJ Governor Haruhiko Kuroda launched his...

  • *Slow pace of reform to blame for China market vulnerability. *China still attractive to international capital. SHANGHAI, Sept 25- China should continue with financial reform now, a senior Chinese central banker said on Friday, warning that costs will increase if reforms are delayed.