CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Instead, the euro has been bolstered by an unwinding of risky carry trades, in which investors sell low-yielding currencies such as the euro in search of higher returns elsewhere, on the back of worries related to China. The broad-based euro trade-weighted index has risen 1.3 percent since China devalued the yuan on Aug. 11, a move that injected volatility into...

  • FDA delays decision on key Alexion drug by 3 months Friday, 4 Sep 2015 | 8:49 AM ET

    Sept 4- Alexion Pharmaceuticals Inc said the U.S. Food and Drug Administration would delay by three months its decision on approving a key drug the company got through the acquisition of Synageva BioPharma Corp.. The FDA, which has granted the drug "breakthrough therapy" status for LAL deficiency in infants, was expected to make its decision by Sept. 8.

  • OTTAWA, Sept 4- The labor productivity of Canadian businesses fell 0.6 percent in the second quarter, while the previous quarter's decline was revised lower, data from Statistics Canada showed on Friday. The decline in the second quarter was in line with economists' expectations. The first quarter was revised to a decline of 0.5 percent from the initially...

  • OTTAWA, Sept 4- Canada's economy unexpectedly added jobs in August, though the unemployment rate rose to its highest level in a year as more people were looking for work, data from Statistics Canada showed on Friday. Canada added 12,000 jobs last month, surpassing economists' expectations for a decline of 4,500 jobs. Canada fell into a modest recession in the first...

  • *Average hourly earnings increase eight cents. WASHINGTON, Sept 4- U.S. job growth rose less than expected in August, which could dim prospects of a Federal Reserve interest rate hike later this month, even as the unemployment rate dropped to a near 7-1/ 2- year low of 5.1 percent and wages accelerated. Nonfarm payrolls increased 173,000 last month as the...

  • *Delegates seeking more from China on market turmoil. Federal Reserve is coming under pressure from emerging markets not to raise rates too soon as turmoil in China threatens global growth, but the G20 will not publicly call for any delay, delegates meeting in Turkey said on Friday. Slower growth in China and rising market volatility have boosted the risks to the...

  • MADRID, Sept 4- Spain is sending a high-level government and business delegation to Iran next week, joining other countries drawn to Tehran by the possibility of lucrative opportunities that could be unlocked by a nuclear deal. Business delegations from around the world have hurried to Tehran since Iran and six major world powers reached a nuclear deal on July...

  • *Corn under pressure from near-record U.S. harvest. PARIS/ SINGAPORE, Sept 4- Chicago wheat steadied after touching a five-year low on Friday but remained on course for a fourth straight weekly loss in the face of stiff export competition from northern hemisphere harvests. Corn edged higher after nudging a three-week low earlier in the session and soybeans also...

  • BlackBerry to acquire Good Technology for $425 mln Friday, 4 Sep 2015 | 8:10 AM ET

    Sept 4- Canadian smartphone maker BlackBerry Ltd said it would acquire software security provider Good Technology for $425 million in cash.

  • LONDON, Sept 4- Investors continued to pull billions of dollars out of emerging market stocks in the week to Sept. 2, but the cumulative outflow recently is now so large it is flashing a "buy" signal to investors, Bank of America Merrill Lynch said on Friday. The $5.2 billion outflow brought redemptions over the last four weeks to $24 billion, or 2.94 percent of assets...

  • FRANKFURT, Sept 4- A day after Mario Draghi presented a sobering economic outlook for the euro zone, the nervousness coursing through his European Central Bank was underscored by a fellow policy maker. "There is serious uncertainty at the moment because you don't know exactly whether this is a pothole on the road or a landslide," said Ewald Nowotny, the head of...

  • "We are positive that we will comfortably achieve our adjusted EBIT target of more than 1.5 billion euros this year," Carsten Spohr said in an interview at the group's main base in Frankfurt. Lufthansa is changing Germanwings, bringing it under the banner of its new budget unit, Eurowings, where it hopes to lower costs further in order to better compete with the...

  • ANKARA, Sept 4- A push by emerging market countries to characterize possible rate hikes in developed nations as a serious risk for the global economy was rejected by drafters of the G20 communique, a source from the Russian delegation told reporters on Friday. "Some emerging market countries wanted to fix a position," the source said, when asked whether an expected...

  • Sept 4- U.S. stock index futures fell on Friday ahead of the August jobs report that is expected to feature in the Federal Reserve's decision to raise interest rates for the first time since 2006.. *A strong report would not only underscore the economy's vibrancy in the face of volatile global financial markets and China's slowing growth, but also keep alive the...

  • Orix Corp and the leasing units of Sumitomo Mitsui Financial Group Inc, Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Trust Holdings Inc are among the bidders, the sources said. A spokesman for Sumitomo Mitsui Financial Group declined to comment. Officials at Orix, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings were not available...

  • LONDON, Sept 4- The dollar fell on Friday while demand for the safe-haven yen picked up as stocks weakened, with traders increasingly certain that a key U.S. jobs report due later is unlikely to push the Federal Reserve to raise rates. Expectations of a rate hike by the Fed in September have waned as a slowdown in China has brought increased market volatility across...

  • ATHENS, Sept 4- So divided has Syriza's youth wing become over the direction of Greece's leftist party, that when its council planned to convene at the end of August, the meeting was abandoned. In just seven months as premier, Tsipras, under pressure from Greece's creditors, has backtracked on his pre-election promises to end austerity. Tsipras has called an...

  • DRAFT G20 COMMUNIQUE WILL WELCOME MEASURES COUNTRIES TAKE TO STABILISE ECONOMIES AND REDUCE VOLATILITY- RUSSIAN SOURCE.

  • DRAFT G20 COMMUNIQUE TO BROADLY MENTION CHANGES IN MONETARY POLICY BY DEVELOPED COUNTRIES- SOURCE IN RUSSIAN DELEGATION.

  • G20 COMMUNIQUE DRAFTERS REJECTED PUSH BY EMERGING MARKETS TO CHARACTERISE POSSIBLE DEVELOPED COUNTRY RATE HIKES AS SERIOUS RISK FOR GLOBAL ECONOMY- RUSSIAN SOURCE.