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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper jumped to a two month high on Friday after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from a fall in the dollar and supply concerns as a blockade of the Grasberg...

  • NEW YORK, March 20- U.S. Treasuries yields dipped on Friday, but remained off recent multi-week lows, as traders reverted to buying U.S. government bonds on accommodative central bank policies in the United States and Europe. "People are adding to positions," said Ian Lyngen, senior government bond strategist at CRT in Stamford, Connecticut.

  • *Efforts on OPEC, Iran deal weigh on supply outlook. The leaders of Greece and Germany struck a conciliatory note over efforts to keep Greece in the euro zone, boosting the region's currency and making oil more attractive. Brent for May delivery was up 75 cents at $55.18 a barrel by 1407 GMT, after earlier hitting a session low of $53.55.

  • BUENOS AIRES, March 20- Argentine farmers have stockpiled more than twice as much soy this year than last, defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election. Growers say the increase in soybean reserves, to 7.4 million tonnes from 3.4 million, comes from a 12- percent...

  • ATHENS, Ga., March 20- U.S. regulators need to step up monitoring of shadow banks as part of their effort to build a more stable financial system, Atlanta Federal Reserve President Dennis Lockhart said on Friday. Shadow banks, the massive network of financial firms that falls outside of formal banking regulations, may not need to come under the same rules as...

  • ACCRA, March 20- Ghana will seek a bridge finance of between $300 million and $1 billion in the first half of this year to redeem maturing domestic debt, according to a memo to parliament signed by Finance Minister Seth Terkper and seen by Reuters on Friday. The government has started talks with a consortium including Bank of America Merrill Lynch as...

  • U.S. to set fracking standards on federal land Friday, 20 Mar 2015 | 10:19 AM ET

    WASHINGTON, March 20- The Obama administration on Friday is due to unveil rules for oil companies that frack on federal land, included beefed-up safety measures, but won't likely require strict oversight as environmental groups want, according to sources. Interior Secretary Sally Jewell said on Tuesday the long-awaited rules will be unveiled by the Bureau of...

  • PARIS, March 20- Talks between Airbus Group and the French government over the financing for a new helicopter have hit an impasse, raising questions about where thousands of assembly and supplier jobs will be located, two people familiar with the matter said. Airbus Group has been in negotiations for months with the French government for a development loan...

  • March 20- Bank of America Corp said it changed a rule in its bylaws to make it easier for shareholders to nominate directors.

  • UPDATE 3-Simon says: Macerich offer "best and final" Friday, 20 Mar 2015 | 10:03 AM ET

    *Offer values Macerich at $15.10 bln. *Simon Property will not nominate directors to Macerich board. Simon Property raised its cash-and-stock offer for Macerich on Friday to $95.50 per share from $91.00, and said it would withdraw the offer, valued at $23.2 billion, if Macerich did not meet with the company by April 1.

  • OTTAWA, March 20- Canadian retail sales dropped more than expected in January due to lower prices at the gasoline pump, suggesting the economy may have had a weaker start to 2015 than anticipated. Statistics Canada also said on Friday that the annual inflation rate in February was pressured by cheap gasoline as well, holding steady at 1 percent, matching...

  • DUBAI/ KHOBAR, Saudi Arabia, March 20- As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude. Industry sources and analysts say the OPEC kingpin is looking beyond the halving of global oil prices since June 2014 to a time...

  • NEW YORK, March 20- Ukrainian Finance Minister Natalie Jaresko said on Friday she has starting meeting with the embattled nation's main creditors and expects to issue $1 billion in U.S. government-backed debt by the end of April as part of a larger IMF-backed loan package. "People are taking U.S. government risk in this case. That is why they give a credit guarantee,...

  • NEW YORK, March 20- U.S. stocks rose at the open on Friday, with the S&P 500 on track to snap a three-week losing streak, lifted by strong earnings at Nike and by another strong showing from the biotech sector.

  • *ICE Benchmark Administration operating new process. LONDON, March 20- The new London Bullion Market Association Gold Price went live for the first time on Friday, with Goldman Sachs and UBS joining the four members of the now defunct gold "fix" in setting its electronic replacement. Goldman and UBS joined Barclays, HSBC, Bank of Nova Scotia and Societe Generale to...

  • By Alexander Winning and Bernardo Vizcaino. MOSCOW/ MANAMA, March 20- Russian lawmakers have introduced to parliament a draft bill to support Islamic finance, aiming to attract capital inflows at a time when an economic slowdown is intensifying and Western sanctions show no sign of being lifted. While many other obstacles remain, the bill is seen a first step to...

  • GHANA OPENS TALKS WITH CONSORTIUM INCLUDING BANK OF AMERICA MERRILL LYNCH AS ADVISORS OVER BRIDGE FINANCE- MEMO.

  • GHANA TO SEEK EUROBOND OF UP TO $1.5 BLN IN H2 2015 TO RETIRE BRIDGE FINANCE, REFINANCE DEBT AND FUND 2015 CAPEX- MEMO.

  • GHANA SEEKS BRIDGE FINANCE OF $300 MLN- $1 BLN IN H1 2015 TO REDEEM MATURING DOMESTIC DEBT- FIN MIN IN MEMO TO PARLIAMENT SEEN BY REUTERS.

  • March 20- Upscale jeweler Tiffany& Co's quarterly sales fell for the first time in five years and are expected to decline further in the current quarter, hurt by the strong dollar. The company expects profit to drop 30 percent in the current quarter, fall more modestly in the second, before recovering in the next two quarters to end up with "minimal growth" in...