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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • LONDON, Feb 23- European shares rose on Monday, with Germany's share index hitting a new all-time high and Britain's FTSE trading just below a record peak after euro zone negotiators agreed to extend Greece's financial rescue package. Britain's FTSE 100 index rose 0.2 percent to 6,931.21 points by 0807 GMT after, not far from its record peak of 6,950.60 scaled in...

  • TOKYO, Feb 23- The Bank of Japan could halve its 2 percent inflation target as the sharp fall in oil prices drags down the country's consumer prices even as it benefits the economy overall, a key economic adviser to Prime Minister Shinzo Abe said on Monday. Koichi Hamada, a professor emeritus of economics at Yale University and a reflationist member of Abe's brain...

  • The company said the centers, to be located in Ireland and Denmark, will power Apple's online services, including the iTunes Store, App Store, iMessage, Maps and Siri for customers across Europe.

  • PARIS, Feb 23- Gemalto said on Monday its initial investigations into a report that U.S. and British spies had hacked it systems showed its products were secure and it thus did not expect a significant financial prejudice. Gemalto's shares fell sharply on Friday after news website Intercept reported a hack by the U.S. National Security Agency and Britain's...

  • *Ito has pushed reforms to Honda's supply chain. Such self-inflicted setbacks had been compounded by multi-million-vehicle recalls to replace air bag inflators made by top supplier Takata Corp that have so far been linked to six deaths, all in Honda cars. "I think this move is an attempt by Honda to tread a different course, with someone who upholds harmony," said...

  • PARIS, Feb 23- French state-controlled nuclear group Areva said it expects a 2014 net loss of about 4.9 billion euros ( $5.6 billion, mostly due to asset writedowns and provisions, notably connected with its much-delayed Olkiluoto 3 reactor in Finland. In a statement following a series of press reports saying the company would release heavy losses for 2014,...

  • The world's biggest miner is expected to report a 34 percent slide in half-year underlying attributable profit to $5.1 billion, but within that, Deutsche Bank sees earnings from aluminium nearly tripling while manganese earnings are seen improving by around 45 percent. "These divisions will get a bit more attention than usual given their importance in...

  • LONDON, Feb 23- Associated British Foods reiterated its annual earnings expectations on Monday, helped by strong demand and increased store space at its Primark discount fashion chain where half-year sales are set to rise by 16 percent. Ahead of the publication of first half to Feb. 28 results on April 21 it said underlying trading remained in line with...

  • *Morgan Stanley, Barclays, ANZ expect lower prices. SINGAPORE, Feb 23- Oil prices dipped on Monday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and U.S. contracts hovering around $50.70. WTI crude futures were trading down 9 cents at $50.72 a barrel by 0745 GMT.

  • AB Foods maintains year earnings guidance Monday, 23 Feb 2015 | 2:13 AM ET

    LONDON, Feb 23- Associated British Foods maintained full year earnings expectations, with growth at its Primark discount fashion chain and progress at its grocery, ingredients and agriculture businesses offsetting continued weakness in its sugar operation. The firm said on Monday it still expected a marginal decline in adjusted earnings per share for its...

  • Shanghai-HK stock connect to allow short-selling Monday, 23 Feb 2015 | 2:12 AM ET
    Hong Kong Stock Exchange

    Foreign investors will from next week be able to short sell select mainland Chinese shares via the Hong Kong-Shanghai trading link.

  • The ensuing years were no easier, as a disappointing launch of the Civic model caused many to question whether Honda had lost its edge. For the past three years, Ito has shaken up Honda's decades-old, tightly-knit supply chain as the automaker sought to trim costs and find more cutting-edge technologies. That has predictably rankled local suppliers, and some...

  • 'Birdman' leap makes Fox Searchlight shine at Oscars Monday, 23 Feb 2015 | 2:02 AM ET

    LOS ANGELES, Feb 22- Fox Searchlight, the arthouse film division of Rupert Murdoch's 21st Century Fox, dominated the Academy Awards on Sunday with eight awards including the coveted best picture prize for its absurd comedy-drama "Birdman." The studio also scored with offbeat winner " The Grand Budapest Hotel," which took home four trophies in technical categories.

  • *Debt deal a relief but Greece not seen out of woods yet. TOKYO, Feb 23- Asian shares were flat on Monday as many countries in the region returned from Lunar New Year holidays, with sentiment supported by relief that Greece reached a deal to avert an immediate fiscal crisis. "Friday's agreement between Greece and the EU left both sides claiming victory, as well as...

  • *Record U.S. stocks to put pressure on prices- Morgan Stanley. SINGAPORE, Feb 23- Oil prices dipped on Monday on worries about oversupply in North America, with Brent futures testing support around $60 a barrel and U.S. contracts hovering around $50.50. Similar to last year, growing U.S. and Canadian production combined with refinery maintenance and an only...

  • TOKYO, Feb 23- Japan's Nikkei share average hit a near 15- year high on Monday after Greece clinched a deal with its euro zone partners to extend its bailout, but recent gainers such as banks and insurers succumbed to profit-taking. The Nikkei rose 0.7 percent to 18,466.92 points, its highest close since April 2000. But gains in the broader market were smaller, with...

  • Honda, in unexpected move, says CEO Ito to step down Monday, 23 Feb 2015 | 1:16 AM ET

    TOKYO, Feb 23- Honda Motor Co, in an unexpected move, said on Monday that Chief Executive Officer Takanobu Ito would step down in late June, making way for Managing Officer Takahiro Hachigo after six years in the top post. Hachigo, 55, an engineer, joined Honda in 1982 with a career spanning several countries including the United States, China, and Britain.

  • HONG KONG/ SHANGHAI, Feb 23- Foreign investors will from next week be able to short sell select mainland Chinese shares via the Hong Kong- Shanghai trading link, the latest in a series of regulatory moves to open China's markets to overseas capital. Despite the limits, traders said the new rules are likely to encourage hedge funds and other investors to use Stock...

  • JGBs shrug off share gains, edge higher Monday, 23 Feb 2015 | 1:03 AM ET

    TOKYO, Feb 23- Japanese government bonds edged up on Monday, supported by the Bank of Japan's bond-buying operations, and shrugging off any impact from a fresh 15- year high for the Nikkei stock average. The BOJ offered to buy 400 billion yen of JGBs maturing in 5 to 10 years, and 140 billion of floating-rate JGBs. The Nikkei share average hit a new 15- year high on...

  • The bank is making it harder for brokers to take some of their clients with them when they leave Merrill Lynch- specifically, clients that were referred to the broker by a Bank of America branch. The original 2004 signers were Merrill Lynch, UBS AG and Smith Barney, then part of Citigroup Inc, and more than 1,200 brokerages have since signed onto the pact known among...