GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • DETROIT, Sept 1- Fiat Chrysler Automobiles NV on Tuesday led off major automakers reporting U.S. August sales, posting a stronger-than-expected rise of 2 percent, boosted by SUV and pickup truck sales. FCA predicted that the auto industry in August will continue its recent trend of robust sales that are stronger than the overall U.S. economy, and will outstrip an...

  • CAPE TOWN, Sept 1- South Africa's energy minister pledged transparency in the country's efforts to seek a nuclear agreement on Tuesday, seeking to reassure opposition parties who have accused the government of favouring a deal with Russia. China, France, Russia, the United States and South Korea, as well as Japan and Canada, have all expressed interest and have...

  • *Africa vulnerable to falling commodity prices. *Rising Asian wages may give Africa competitive edge. The lack of reliable power grids is a major obstacle to industrialising the continent's economies at a time when Africa hopes to make a transition from commodities producer to a manufacturing hub and challenge Asia where labour costs are rising.

  • CHICAGO— Southwest Airlines says a Chicago- bound flight has been diverted to Texas after a group of passengers became disorderly. The airline says Flight No. 1522 from San Diego was diverted Monday night to Rick Husband Amarillo International Airport in Amarillo, Texas. Southwest says in a statement that several passengers traveling together "became...

  • AMSTERDAM, Sept 1- The Netherlands' Central Bank on Tuesday gave Dutch pension funds, which include some of the largest in the world, 12 years to rectify low funding ratios. In the past, funds had been required to repair their funding ratios- their current estimated assets compared with their estimated future obligations- within three years by cutting pension...

  • LISBON, Sept 1- The Bank of Portugal is to start negotiations with U.S. fund Apollo Global Management on the sale of state-rescued Novo Banco after exclusive talks with China's Anbang Insurance Group Co were unsuccessful, two sources familiar with the talks said. The Bank of Portugal said in a statement: "As no agreement has been reached, the Bank of Portugal...

  • LONDON, Sept 1- U.S. crude prices jumped more than 27 percent in three trading days between Thursday and Monday, which should convince even the most die-hard believers the oil futures market is neither efficient nor rational. Possible explanations range from a bounce in global stock markets, pipeline problems in Nigeria, new data showing U.S. oil production...

  • Sept 1- Dollar Tree Inc, the No. 1 U.S. discount retailer by store count, reported a 48.3 percent rise in quarterly sales, helped mainly by its acquisition of Family Dollar. Dollar Tree posted a net loss of $98 million, or 46 cents per share, for the second quarter ended Aug. 1, mainly due to costs related to the Family Dollar deal. The company posted a profit of $121.5 million,...

  • CHESAPEAKE, Va.— Dollar Tree Inc. on Tuesday reported a fiscal second-quarter loss of $98 million, after reporting a profit in the same period a year earlier. Seven analysts surveyed by Zacks expected $2.67 billion. For the current quarter ending in November, Dollar Tree said it expects revenue in the range of $4.78 billion to $4.87 billion.

  • LISBON, Portugal— Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo. The Bank of Portugal said Tuesday it had missed its own Aug. 31 deadline for the sale after failing to reach agreement with a potential buyer, which it didn't identify. Novo Banco received 4.9 billion...

  • LONDON, Sept 1- The safe-haven yen and the low-yielding euro rose on Tuesday on concerns about China's economy, as investors unwound bets against the two currencies widely used to fund positions in riskier assets. Surveys of China's manufacturing and services reinforced worries about a sharper economic slowdown with Japan's Nikkei ending nearly 4 percent...

  • BEIJING, Sept 1- Chinese President Xi Jinping told visiting Venezuelan President Nicolas Maduro on Tuesday that China was willing to look at new areas of financial cooperation, but state media made no mention of specifics. China was also willing to help Venezuela raise its manufacturing ability, Xi added. Venezuela has borrowed $50 billion from China through...

  • Sept 1- U.S. stock index futures fell sharply on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy. *Adding to the nervous sentiment, the head of the International Monetary Fund, Christine Lagarde, said that global economic growth was now likely to be weaker than had been expected just a few months ago.

  • *Corn also eases, wheat steadies after 3- month low. Corn gave up 0.7 percent to $3.72-1/ 2 a bushel and wheat added 0.4 percent at $4.86-3/ 4 a bushel. Share prices in Asia and Europe fell while commodity markets also slid as concerns about China were reignited by surveys showing its manufacturing sector shrinking at the fastest pace in three years and its services...

  • BEIJING, Sept 1- China's cabinet will relax requirements for fixed-asset investments, including lowering minimum capital requirements, a statement published on its website said on Tuesday. China would also establish a 60 billion yuan national small- and medium-enterprise development fund, it said. The move comes as China's economy sputters after decades of...

  • FRANKFURT, Sept 1- An explosion in the number of new Internet addresses has created a wealth of opportunities for criminals exploiting shady domains such as. zip,. kim or. party, according to an industry study published on Tuesday. Organisations who want to sell new TLDs have had to pay a $185,000 fee to ICANN and demonstrate that they are capable of running a...

  • MINNEAPOLIS _ Donaldson Co. on Tuesday reported fiscal fourth-quarter profit of $56.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Four analysts surveyed by Zacks expected $595.2 million.

  • WASHINGTON— The Institute for Supply Management releases its August survey on U.S. manufacturing production, orders, hiring and other activity Tuesday at 10 a.m. Eastern. MODEST INCREASE: Economists forecast that the manufacturing index from the trade group for purchasing managers will rise to 52.8 in August from 52.7 in July, according to a survey by the...

  • DUTCH CENTRAL BANK GIVES PENSION FUNDS 12 YEARS TO RECOVER@. AMSTERDAM, Sept 1- The Netherlands' Central Bank on Tuesday gave Dutch pension funds, which including some of the largest in the world, 12 years to rectify low funding ratios. In the past, funds had been required to repair their funding ratios- their current estimated assets compared with their estimated...

  • WASHINGTON— The Commerce Department reports on July U.S. construction spending at 10 a.m. Eastern on Tuesday. This would mark a strong acceleration from the 0.1 percent gain in June to a seasonally adjusted annual rate of $1.06 trillion, the strongest pace since 2007.. In July, housing starts rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million...