CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • LONDON, Dec 16- Copper edged up on Wednesday from a one-week low hit in the previous session as a dollar rally petered out and metals investors covered short positions ahead of a widely anticipated U.S. interest rate rise. She added, however: "I think prices could lift from here, there are some supply constraints... the China data is not major a disaster, there are a few...

  • MUMBAI, Dec 16- U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders. No details were provided on the size of the stake but Amit Dixit, senior managing director and co-head of private equity at Blackstone, India, told Reuters the stake was "significant".

  • BERLIN, Dec 16- Germany is ready to be "extremely helpful" to British Prime Minister David Cameron in his renegotiation of Britain's membership of the European Union, a senior German official said on Wednesday, in a strong signal of support from Berlin. Cameron has promised to renegotiate Britain's EU ties ahead of a membership referendum by the end of 2017. While...

  • Dec 16- Canadian drugmaker Valeant Pharmaceuticals International Inc cut its revenue and profit forecasts for 2015..

  • Dec 16- BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator's second attempt at going public. The company told the U. S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Citigroup, BofA Merrill Lynch and J.P. Morgan were among those underwriting...

  • Dec 16- Canadian drugmaker Valeant Pharmaceuticals International Inc cut its revenue and profit forecasts for 2015.. Valeant said it now expects 2015 profit of $10.23- $10.33 per share, below its earlier forecast of $11.67- $11.87. Valeant said it now expected 2015 total revenue of $10.4 billion- $10.5 billion, down from $11.0 billion- $11.2 billion forecast...

  • MOSCOW, Dec 16- Indebted Russian steel and coal producer Mechel posted a net loss of $773 million in the third quarter of 2015 due to a weaker rouble, it said on Wednesday. Mechel, controlled by businessman Igor Zyuzin, had to delay its debt repayments after a decline in coal and steel prices put an end to its strategy of borrowing heavily to finance investments.

  • Dec 16- BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator's second attempt at going public. The Kansas City, Missouri- based company told the U. S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Citigroup, BofA Merrill Lynch and J.P. Morgan were...

  • *PMI points to Q4 GDP growth of 0.4 pct- Markit. The data, compiled by Markit, leave open the debate over whether the European Central Bank's loose monetary policy will have to be made even looser still in the coming year to meet its inflation goal of close to, but just below, 2 percent. Businesses in the euro zone's smaller economies made up for what the core members lost,...

  • Dec 16- Canadian drugmaker Valeant Pharmaceuticals International Inc cut its revenue and profit forecast for 2015 and 2016..

  • LONDON, Dec 16- Bristol-Myers Squibb's closely watched new drug Opdivo, one of the first of a new wave of cancer medicines that boost the immune system, has been rejected as too expensive for treating lung cancer by Britain's cost watchdog. However, the head of Britain's leading cancer research center said companies needed to do more to bring down the cost of such...

  • LONDON, Dec 16- Black Friday is firmly entrenched in Britain, consumer electricals and mobile phone retailer Dixons Carphone said, though many opted to shop online this year rather than head to the shops for the United States imported discount event. Despite lower shopper numbers in stores overall, Black Friday this year, which fell on Nov. 27, still delivered...

  • DUBAI/ LONDON, Dec 16- OPEC producers see little chance of significantly higher oil prices in 2016 as extra Iranian production could add to surplus supplies and the prospect of voluntary output restraint remains remote. OPEC delegates, including those from Gulf OPEC members, say higher oil prices are not around the corner yet, despite further growth in global...

  • JOHANNESBURG, Dec 16- South Africa's Treasury said on Wednesday it was addressing concerns about the rising risk of fiscal slippage raised by ratings agency Moody's, pledging to focus on debt stabilisation in the medium term. Moody's Investors Service cut its outlook on South Africa to "negative" from "stable" late on Tuesday, citing structural challenges in the...

  • BRUSSELS/ PARIS, Dec 16- The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The move is the first change in core legislation by a major regulator since last year's unresolved disappearance of Flight...

  • *Bank of England awaits stronger earnings growth. LONDON, Dec 16- Workers' pay in Britain grew at a slower than expected pace in the three months to October, suggesting the Bank of England will take even longer to raise interest rates from the record low in place for nearly seven years. The slowdown contrasted with strong job creation and a surprise fall in Britain's...

  • *China economy still faces downward perssure- c.bank report. BEIJING, Dec 16- China's annual economic growth is likely to slow to 6.8 percent next year from an expected 6.9 percent this year, the People's Bank of China said in a working paper published on Wednesday. Recent appreciation in the yuan's real effective exchange rate has put pressure on China's exports,...

  • HONG KONG, Dec 16- Private equity firm TPG Capital Management has sold Chinese company HCP Packaging to Baring Asia, returning $1.55 billion in total to investors in 2015, an annual letter to its limited partners reviewed by Reuters showed. But exiting some of these businesses has proven tough given extreme market volatility in Asia this year.

  • BEIJING, Dec 16- China's cabinet approved major clean energy projects including hydropower and nuclear installations, according to a statement issued on Wednesday. The State Council, China's cabinet, gave approval to construction of a nuclear power plant in Fangchenggang in the southern province of Guangxi, and approved the expansion of a nculear power...

  • TPG RETURNED $1.55 BLN TO INVESTORS IN ASIA IN 2015- LETTER TO INVESTORS.