GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • UPDATE 1-Deposit outflows from Greek banks slow in March Wednesday, 29 Apr 2015 | 5:48 AM ET

    Banks' deposits fell to 145 billion euros from 147.5 bln euros in February, data from the European Central Bank showed on Wednesday. Those with a higher propensity to channel funds out of bank deposit accounts had already done so in the previous months, "said analyst Nick Koskoletos at Athens- based Eurobank. The ceiling was raised to 76.9 billion euros on...

  • *Gazprom's forex loss at 1.1 trillion roubles in 2014. MOSCOW, April 29- Russian natural gas and oil producer Gazprom suffered an 86 percent fall in net income in 2014 because of the rouble's weakness, the fall in global oil prices and a dispute with Ukraine. Gazprom, the world's largest gas producer, has also reduced sales of gas to Ukraine, which had been one of its...

  • *CEO Mike Coupe found guilty of embezzlement by Egypt court. Chief Executive Mike Coupe attended a court hearing in Giza last Sunday to try to overturn the conviction which related to the collapse of an Egyptian business which Sainsbury's had invested in over a decade ago. "We are aware of media coverage today outlining a legal case in Egypt brought against our...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • LONDON, April 29- Emerging stocks retreated from 7-1/ 2 month highs on Wednesday with investors looking to the U.S. MSCI emerging stocks fell 0.6 percent, taking a breather after six straight days of gains that took the index to its highest level since last September. GDP data and the FOMC, there has been a lot of reshuffling of positions, "said Luis Costa, a senior...

  • LONDON, April 29- British consumer confidence fell this month for the first time since December, according to a survey that will disappoint Prime Minister David Cameron ahead of next week's national election. But his Conservative Party remains deadlocked in opinion polls with the main opposition Labor Party which says Britain remains in the grip of a cost of...

  • *BBVA profit up 146 pct y/y to 1.54 bln eur. MADRID, April 29- Net profit more than doubled at Spanish lender BBVA in the first quarter from a year ago, as growth in Mexico and one-off gains offset a hit from currency devaluation in Venezuela. BBVA devalued the exchange rate it applies to Venezuela by 93 percent, a move welcomed by analysts as an attempt to draw a line...

  • BEIJING, April 29- Growth in China's vast factory sector likely stalled in April, a Reuters poll showed, reinforcing persistent sluggishness in the economy and arguing the case for more policy easing. "The government's policies to keep the economy growing at a steady rate have not passed on to the real economy yet," said Hwabao Trust analyst Nie Wen.

  • LONDON, April 29- Torrential downpours in a desert region of northern Chile and environmental protests cut Chilean copper miner Antofagasta' s first-quarter output and forced it to revise downwards its annual production forecast. Antofagasta, controlled by Chile's Luksic family, said on Wednesday that production for the year would be around 15,000 tonnes...

  • GREECE EXPECTED TO PRESENT DRAFT REFORM LEGISLATION TO INTERNATIONAL LENDERS ON WEDNESDAY- GVT OFFICIALS.

  • *Swedish crown rises 1 pct vs USD after Riksbank announcement. *Dollar index hits lowest level in 2 months. LONDON, April 29- The Swedish crown soared to a one-month peak against the dollar and hit its highest in nearly two weeks against the euro on Wednesday after Sweden's central bank surprised the market by leaving interest rates unchanged.

  • *Europe shares dip on earnings, follow Asia down. LONDON, April 29- Stocks fell in Europe on Wednesday, following Asian stocks lower, while the dollar held near two-month lows before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates. The euro was up 0.1 percent at $1.0994, having hit a three-week high on...

  • UPDATE 2-Japan keeps Hermes sales growth on target Wednesday, 29 Apr 2015 | 4:16 AM ET

    *Strongest growth in Japan with revenue up 15.2 pct. PARIS, April 29- French luxury goods maker Hermes posted an 8 percent rise in first-quarter sales on Wednesday, helped by strong growth in Japan. Revenue in Japan, one of Hermes' biggest markets, rose by 15.2 percent at constant currencies but was up only 7.7 percent in the Asia-Pacific region mainly consisting of...

  • BANGKOK, April 29- Thailand's central bank surprised markets by cutting its key interest rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy. The Bank of Thailand's monetary policy committee voted 5-2 to cut the one-day repurchase rate by 25 basis points to 1.50 percent, confounding expectations...

  • Hong Kong shares fall on weak China bank results Wednesday, 29 Apr 2015 | 4:09 AM ET

    April 29- Hong Kong stocks fell on Wednesday, weighed down by financial shares after two major Chinese banks reported weak first-quarter earnings, highlighting the drag from the slowing mainland economy. But in the long term, the Hong Kong market may benefit from further opening in China's capital markets. One other notable mover on Wednesday was Hong Kong-...

  • UPDATE 2-Euro zone QE helps Standard Life Q1 funds boost Wednesday, 29 Apr 2015 | 4:06 AM ET

    LONDON, April 29- Money-printing in the euro zone helped drive flows into Standard Life's funds in the first quarter as investors searched for higher-yielding assets, the British insurer and asset manager said on Wednesday. SLI's assets under management rose 5 percent in the first quarter, to 258.4 billion pounds, Standard Life said in a trading statement.

  • *China seeking foreign access for its high-speed trains-sources. BEIJING, April 29- China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd, now in the process of...

  • MOSCOW, April 29- The Russian rouble was little changed early on Wednesday as the market awaited monetary policy decisions by the U.S. Brent crude oil, a key driver for all Russian assets, was 0.4 percent lower on the day at around $64.4 a barrel, while the dollar index fell almost 0.2 percent. Russia's end-of-month tax period ended on Tuesday, removing a key pillar of...

  • European shares extend fall amid mixed earnings Wednesday, 29 Apr 2015 | 3:55 AM ET

    *Weak numbers hit BBVA, BAT, Delhaize. LONDON, April 29- European shares gave away early gains to trade slightly lower on Wednesday as investors digested a batch of mixed corporate results from bank BBVA and UK retailer Next, among others. Yet the early rise quickly fizzled out, with BBVA, British American Tobacco and Belgian supermarket group Delhaize among the...

  • LONDON, April 29- Barclays set aside another 800 million pounds on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it. Barclays said it had now set aside 2.05 billion pounds to cover any settlement, after the extra provision to reflect "developments...