CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • The report did not refer to warming relations with the United States, instead mentioning that growth came despite continued sanctions. The United States maintains a trade embargo on Cuba despite President Barack Obama's policy change toward normalizing relations a year ago. The report also failed to mention Cuba's most important foreign currency earner,...

  • Dec 21- "Star Wars: The Force Awakens" may rake in $528 million in worldwide ticket sales over the weekend, Walt Disney Co Chief Executive Bob Iger said on Bloomberg TV. That would beat the record opening weekend sales of $525 million that dinosaur film " Jurassic World" garnered earlier this year in its worldwide release, including in China. The first "Star Wars" film in a...

  • LONDON, Dec 21- Copper hit a one-week high on Monday on signs that market supplies could tighten, although worries that Chinese economic growth will remain muted next year kept gains firmly in check. Nine large copper smelters in China have agreed that they could deepen planned production cuts next year beyond 350,000 tonnes proposed earlier if prices and...

  • *Upstart parties transform Spain's political landscape. *Spain faces complex negotiations on new government. MADRID, Dec 21- Spain entered the political unknown on Monday after the most fragmented national election in its history, as old and new parties fired the first salvos in coalition talks that are likely to be long and complex.

  • *Muddy Waters says transparency "long overdue". PARIS, Dec 21- Casino sought on Monday to rebut accusations by research firm Muddy Waters that the French retailer is overvalued and highly leveraged, defending the way it accounts for its subsidiaries and real estate. Its founder, Carson Block, is a short-seller who has targeted a number of Chinese companies, as well...

  • WALT DISNEY CEO ROBERT IGER ON BLOOMBERG- "STAR WARS WEEKEND GLOBAL SALES MAY REACH $528 MLN".

  • *800 new permanent warehouse jobs in Germany in 2016. BERLIN, Dec 21- Workers at German warehouses of U.S. online retailer Amazon.com Inc were called out on a new strike by labor union Verdi on Monday as part of a long-running dispute over pay and conditions. Germany is Amazon's second-biggest market after the United States with 10,000 warehouse staff plus more...

  • LISBON, Dec 21- Portugal is to pay more than 2.2 billion euros to rescue Banif in a deal which involves a sale of the Madeira-based bank's healthy assets to Spain's Santander for 150 million euros. Banif had been unable to repay 700 million euros provided by the government during Portugal's economic crisis. "This resolution is not a major systemic issue, but it does...

  • *Azerbaijan ushers in second steep devaluation this year. BAKU, Dec 21- Azerbaijan withdrew support for its currency, the manat, on Monday, triggering a plunge of 32 percent against the dollar, after burning through over half its foreign currency reserves to defend it against the effect of falling oil prices. Baku's decision followed similar moves by crude...

  • *Shares rise as much as 8.1 pct on Apple patent deal. STOCKHOLM, Dec 21- Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8 percent. An Apple spokesman in Europe had no immediate comment, referring to a January...

  • LONDON, Dec 21- Copper hit a one week high on Monday on signs that market supplies could tighten, although worries that Chinese economic growth will remain muted next year kept gains firmly in check. Nine large copper smelters in China have agreed that they could deepen planned production cuts next year beyond 350,000 tonnes proposed earlier if prices and...

  • *China to expand aggregate demand, push reform- source. Says China will expand budget deficit, cut tax in 2016. BEIJING, Dec 21- China will make its monetary policy more flexible and expand its budget deficit in 2016 to support a slowing economy, state media said on Monday, citing top leaders who wrapped up an important meeting and vowed to push forward "supply-side...

  • Dec 21- U.S. stock index futures were sharply higher on Monday, ahead of a holiday-shortened week, while Brent crude hit an 11- year low. *China will keep its monetary and fiscal policies "accommodative" in 2016 to help support the slowing economy, according to a Reuters report, citing a source with direct knowledge of the annual Central Economic Work Conference.

  • TOKYO, Dec 21- Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy. The change in fortune at Toshiba, whose former executives have led Japan's business lobby and advised governments, comes as...

  • BRUSSELS, Dec 21- Implementing the biggest shake-up to Europe's fragmented data protection laws in two decades may fail to provide companies with the consistency and simplicity that had been promised across the 28- nation bloc. A patchwork of privacy laws in the European Union, dating back to 1995 when the internet was in its infancy, was criticised for lacking...

  • *Russia, OPEC pump at near-record rates. OPEC, led by Saudi Arabia, will stick with its year-old policy of compensating for lower prices with higher production, and shows no signs of wavering, even though every dollar lower in the oil price brings fresh pain to its poorer members. Brent futures fell by about 2 percent to as low as $36.05 per barrel on Monday, their...

  • InterGlobe Aviation Ltd, IndiGo's parent company, said in a statement at the weekend that it had received notification from Airbus about the delay on Dec. 17. Airbus said earlier this month Germany's Lufthansa would take the first delivery of the jet after another buyer Qatar Airlines expressed concern over technical restrictions on the aircraft's Pratt&...

  • *China to expand aggregate demand, push reform- source. BEIJING, Dec 21- China will make its monetary policy more flexible next year to create conditions for structural reforms, while expanding its budget deficit, Xinhua news agency said on Monday, citing decisions made at a top-level meeting. China's proactive fiscal policy needs to be more forceful, Xinhua said,...

  • JAKARTA, Dec 21- Indonesia will let private investors build oil refineries in a regulation to be issued "in days", its chief economics minister said on Monday. "In the future, we will open it for private investors, although the refined products must be sold to Pertamina to be distributed to the whole of Indonesia." Nasution said as part of the measures to take effect in...

  • LONDON, Dec 21- Oil's retreat to 11- year lows inflicted more pain on energy exporting emerging markets on Monday, driving down currencies and stocks and forcing Azerbaijan to abandon efforts to support its manat currency. That has boosted markets in swathes of the developing world, especially Asia, taking MSCI's emerging equity index 0.3 percent higher.