GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • BERLIN— Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman— filling the position that longtime company patriarch Ferdinand Piech vacated in April. Berthold Huber, the acting chairman and previously Piech's deputy, praised Poetsch's "strategic vision, comprehensive knowledge of the automotive industry and...

  • PARIS— French investigators have formally identified a washed-up piece of airplane debris found in July on a remote island in the Indian Ocean as part of Malaysia Airlines Flight 370, a Boeing 777 that disappeared more than a year ago with 239 people aboard. Investigators have been examining the wing part, called a flaperon, since it was flown to a French...

  • WASHINGTON— The Obama administration says it wants to end discrimination against transgender people throughout the health care system. The new protections are part of a much broader proposed regulation released Thursday by the Department of Health and Human Services. Hospitals that accept Medicare would have to comply with the rule, as well as most doctors.

  • Sept 3- Chicago Mayor Rahm Emanuel has proposed to raise property taxes by $500 million, tax smokeless tobacco and impose a garbage collection fee, Chicago Sun-Times reported, citing City Hall sources. The mayor's 2016 budget also will include a $1 a ride surcharge on Uber and other ride-hailing services as part of a broader package of reforms to level the...

  • NEW YORK, Sept 3- In calmer times the U.S. employment report due to be published on Friday would be the Federal Reserve's best and last economic signal before it decides whether to raise interest rates later this month for the first time in nearly a decade. "Because of the volatility, you'll need an even stronger report to get them to hike," said Thomas Costerg, senior...

  • LONDON, Sept 3- Copper surged to the highest level in over three weeks on Thursday as bearish investors closed out positions amid a stock market recovery, strong U.S. economic data and signals that European monetary stimulus could be extended. Copper led broad gains on the London Metal Exchange but some investors were preparing a renewed attack on the downside.

  • NEW YORK, Sept 3- The euro fell on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the ECB cut its inflation and growth forecasts for the euro zone,...

  • BERLIN, Sept 3- Volkswagen's finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him. The company has been looking for a permanent successor to Piech, who was turfed out in April after clashing with...

  • WASHINGTON, Sept 3- The International Monetary Fund does not see China's recent market volatility by itself as a reason to voice concern about including the yuan in its benchmark currency basket, an IMF spokesman said on Thursday. "Some of the recent volatility that we have seen in markets has been... some market reaction to the move to adopt a more flexible exchange...

  • FRANKFURT, Sept 3- Greece has to pass a review of its bailout programme and show a commitment to reforms before the European Central Bank can start buying its bonds as part of the bank's asset purchase programme, ECB President Mario Draghi said on Thursday. Greece has so far been excluded from the quantitative easing programme due to its low credit rating but it...

  • JPMorgan's Global All-Industry Output Index, produced with Markit, held steady at July's 53.7 last month. "Scratching beneath the headline numbers, however, reveals an ongoing disparity between the relatively strong performance of the developed nations whereas growth in the emerging markets is quite weak," said David Hensley, a director at JPMorgan.

  • Sept 3- Sam's Club, the membership warehouse club division of Wal-Mart Stores Inc, said on Thursday it has tied up with online car-shopping site TrueCar Inc in an effort to boost its auto business. Sam's Club said in a statement that the tie-up would give its members access to more than 10,000 TrueCar dealers and guaranteed savings off the manufacturer's...

  • *Turkey keen to shake off perception G20 is' talking shop'. ANKARA, Sept 3- When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China's market turmoil is likely to be the biggest problem they don't do anything about. Slower growth in China and rising market volatility have boosted the risks to the global economy, staff of the...

  • BERLIN, Sept 3- German business groups have hit out at Berlin's plan to reform how it taxes investment funds, warning on Thursday that the proposed changes would hurt pension provisions and reduce the attractiveness of Europe's largest economy as a place to invest. "The finance ministry's draft for the investment tax act would lead to an additional tax burden,...

  • LONDON, Sept 3- On the London Metal Exchange benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. Nickel hit a low of $9,100 during its "flash crash" of Aug. 12, within spitting distance of the low of $8,850 recorded in October 2009, the month after the fateful "Lehman Moment". When nickel recorded that historic low back in October...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday, surrendering most of the solid gains put up against the dollar since China devalued the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The European Central Bank lowered its forecasts for inflation and economic growth, citing a slowdown in...

  • IMF SPOKESMAN SAYS RECENT MARKET VOLATILITY IN CHINA NO REASON TO VOICE CONCERN ABOUT INCLUDING YUAN IN SDR BASKET.

  • FEDERAL RESERVE HAS FLEXIBILITY TO HOLD OFF WITH RATE HIKES, HAS NO COMMENT ON SPECIFIC TIMING.

  • IMF SPOKESMAN SAYS LOOKS FORWARD TO UKRAINE DEBT DEAL BEING FINALIZED SOON.

  • IMF SPOKESMAN SAYS FOR IMF TO JOIN PROGRAM FOR GREECE, NEED TO SEE DEBT RELIEF; READY TO WORK WITH NEW GOVERNMENT WHEN READY.