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CNBC Utilities Page Wires


  • By Greg Roumeliotis and Josephine Mason. NEW YORK, Oct 2- Carlyle Group LP said on Tuesday it had bought a majority stake in a commodities-trading hedge fund manager, its biggest leap yet in an expansion that has seen it diversify from private equity into other alternative asset classes.

  • UPDATE 1-Australia trade deficit blows out in August Tuesday, 2 Oct 2012 | 10:23 PM ET

    SYDNEY, Oct 3- Australia's trade deficit blew out to its widest in three-and-a-half years in August as falling prices for iron ore and coal ate into export earnings, just the latest sign of how China's slowdown is hurting the resource-rich country.

  • PRESS DIGEST - Vietnam newspapers - Oct 3 Tuesday, 2 Oct 2012 | 10:23 PM ET

    -Vietnam will receive $10- 11 billion of overseas remittances this year, a 20 percent rise from a year earlier, versus an average 10-15 percent increase in recent years, the State Commission of Overseas Vietnamese said.

  • Brent slips towards $111 as growth worries persist Tuesday, 2 Oct 2012 | 10:22 PM ET

    SINGAPORE, Oct 3- Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns on global growth and oil demand, while Europe's festering debt crisis added to uncertainty.

  • HONG KONG, Oct 3- Lenovo Group Ltd, the world's No.2 PC maker, will open its first PC production plant in the United States with operations expected to begin in 2013..

  • Indonesia - Market factors to watch on Oct 3 Tuesday, 2 Oct 2012 | 10:14 PM ET

    GLOBAL MARKETS-Dollar firms on uncertainty over Spain bailout timing. revised down its 2012 capital expenditure to around $165 million- $190 million from $300 million earlier, on concern over sluggish global coal industry, said finance director John Joseph Ramos, adding that the firm has delayed working on some infrastructure projects until the next year.

  • Oct 2- American Airlines pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.

  • Maybank Kim Eng initiated coverage of Yeo Hiap Seng Ltd.

  • *London, Dubai, Singapore and Houston under consideration. Oct 2- Seadrill Ltd, the world's biggest driller by market capitalisation, said it plans to replace CEO Alf Thorkildsen with the head of its Archer Ltd affiliate, and is looking to relocate management outside Norway.

  • MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.

  • *Los Angeles has more dispensaries that any other city. LOS ANGELES, Oct 2- The Los Angeles City Council voted to rescind a newly enacted ban on storefront medical marijuana shops on Tuesday, allowing the city to avoid a referendum next year that some officials said would likely succeed in reversing the prohibition.

  • Oct 2- New York's Metropolitan Transportation Authority will need at least $20 billion from 2015 to 2019 to keep its system in good repair, but the mass transit operator has yet to figure out how to pay for these upgrades, a report said on Tuesday.

  • PRESS DIGEST - Hong Kong - Oct 3 Tuesday, 2 Oct 2012 | 9:52 PM ET

    HONG KONG, Oct 3- These are some of the leading stories in Hong Kong newspapers on Wednesday. --Sun Hung Kai Properties Ltd has sold about 700 units at its new residential project, Century Gateway, in Tuen Mun for HK $5 billion, said deputy managing director Victor Lui.

  • Amerigroup delays WellPoint deal vote by two weeks Tuesday, 2 Oct 2012 | 9:51 PM ET

    Oct 2- Amerigroup Corp said it has delayed a stockholder approval vote on the $4.5 billion sale of the health insurer to WellPoint Inc by two weeks after shareholders sued Amerigroup's board. Amerigroup has now scheduled the vote for Oct. 23, it said in a regulatory filing.

  • RHB Research initiated coverage of IHH Healthcare Bhd. with' outperform' rating and fair value of 3.53 ringgit per share, citing strong earnings growth prospects for the world's second largest private healthcare service provider through 2014..

  • LONDON, Oct 3- Suggested structural reforms to banks should be a cause for concern for investors because they do not go far enough, a top Bank of England official said on Wednesday, following recommendations by an EU advisory group for banks' to separate retail from trading activities.

  • Thailand - Market factors to watch on Oct 3 Tuesday, 2 Oct 2012 | 9:44 PM ET

    GLOBAL MARKETS-US stocks flat, euro up as Spain bailout in focus. >Wall St slips on Spain, earnings worries. >Euro hampered by Spain; AUD bruised by rate cut.

  • BEIJING, Oct 3- China's normally robust services sector weakened sharply in September, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.

  • Singapore- listed Golden Agri-Resources dropped as much as 3.8 percent after Malaysian palm oil futures plunged to their lowest in more than three years on Tuesday. Smaller rival Indofood Agri Resources Ltd also lost 3.4 percent at S $1.30, with 2.8 million shares traded, equivalent to its full-day average volume over the last five sessions.

  • ADB slashes growth forecasts for developing Asia Tuesday, 2 Oct 2012 | 9:34 PM ET

    The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.