GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • *Exports hobbled by China, Korea's biggest market. Australia and New Zealand Banking Group cut its forecast for South Korea's 2015 economic growth by half a percentage point to 2.2 percent, which would be the slowest growth since 2009. ING cut its projection to 2.3 percent from the previous 2.5 percent. The Bank of Korea's monetary policy committee next reviews...

  • *Toshiba tumbles after delaying earnings release again. TOKYO, Sept 1- Japan's Nikkei share average fell on Tuesday as weak corporate activity soured sentiment, while data from China suggested its economy was losing further momentum. "This is depressing because we are talking about a period before worries about a China- led slowdown in the global economy hit,"...

  • MANILA, Sept 1- Gold edged higher on Tuesday as equities faltered on mounting expectations that the U.S. Fischer's comment sent Wall Street lower overnight and U.S. stock futures stretched losses on Tuesday, with Asian shares also falling, led by China. "We are seeing some general risk-off moves in the Asian timezone and some buying of gold would be consistent with...

  • HONG KONG— An official index of Chinese manufacturing contracted last month, falling to a three-year low and raising fears of slower-than expected growth in the world's No. 2 economy. The index released Tuesday and compiled by the Chinese Federation for Logistics and Purchasing is based on a 100 point scale on which numbers above 50 indicate an expansion.

  • SHANGHAI, Sept 1- Activity in China's vast factory sector shrank at its fastest pace in almost 6-1/ 2 years in August, a private survey showed on Tuesday, increasing investor fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which had been one of the few bright spots in the sputtering...

  • MUMBAI, Sept 1- The rescue of India's economy may come down to the spending power of people like 26- year-old Avni Rambhiya. From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy. "The headwinds of 2013 that pushed down consumer spending have turned positive now," said Siddhartha...

  • TAIPEI, Sept 1- Taiwan stocks fell on Tuesday, in line with other Asian markets as expectations of more weak data from China spooked investors. Economists polled by Reuters believe China's factory activity shrunk at its fastest pace in three years in August, further evidence of a slowdown in the world's second-biggest economy. The Taiwan dollar firmed T $0.332...

  • *China factory activity shrinks at fastest pace in 3 years. TOKYO, Sept 1- Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index fell to 49.7 in August from the...

  • WASHINGTON, Aug 31- The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. A move against Chinese entities or individuals before Xi's trip, the officials said, is possible but unlikely because of the strain it could put on the...

  • BEIJING, Sep 1- Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's second-largest economy despite a flurry of government support measures. China's factories continued to suffer from sluggish demand at home and abroad,...

  • CHICAGO, Aug 31- Chicago Mayor Rahm Emanuel held a rare public forum on Monday, seeking support for painful belt tightening to solve the city's fiscal crisis, at a meeting dominated by protests over the closing of a high school in an African-American neighborhood. Chants and boos greeted Emanuel, who was forced to agree to meet for the first time with 12 protesters...

  • "We're taking more time than we originally envisioned, but I don't think any one of our customers wants us to race to the cliff and fail again," SpaceX President Gwynne Shotwell said at a webcast panel discussion at the AIAA Space 2015 conference in Pasadena, California. The accident, along with the failed Oct. 28 launch of an Orbital ATK Antares rocket, has left NASA...

  • SHANGHAI, Sept 1- China's central bank will require banks trading currency forwards on behalf of clients to set aside 20 percent in foreign exchange reserves starting Oct. 15, sources with direct knowledge of the matter said on Tuesday. The forex forwards reserves will be denominated in U.S. dollars, with no interest to be paid, the sources said.

  • BEIJING, Sept 1- Activity in China's vast manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing concerns over the health of the world's second-largest economy despite a flurry of government support measures. Beijing has set an official economic growth target of 7 percent for this year,...

  • BEIJING, Sept 1- Growth in China's services industry cooled in August from the previous month, an official survey showed on Tuesday, adding to concerns that world's second-largest economy may be a risk of a sharper slowdown than earlier feared. The official non-manufacturing Purchasing Managers' Index fell to 53.4 from July's reading of 53.9, according to the...

  • *Focus on PMI manufacturing surveys from China, US. TOKYO, Sept 1- Low-yielding yen and euro held firm on Tuesday as nervous investors look to upcoming data from China and the United States to gauge whether they need to further wind back carry trades, bets in risk assets funded by these currencies. The euro bounced back to $1.1228, up 0.2 percent from late U.S. levels...

  • *The USDA pegged 63 percent of the soybean crop at good to excellent, unchanged from last week. *Spring wheat harvest pegged at 87 percent complete by the USDA. *USDA also said that private exporters reported a sale of 125,000 tonnes of soybeans to unknown destinations for delivery in the 2015/ 16 crop year, the fourth flash sale since Aug. 24.

  • MANILA, Sept 1- Gold edged higher on Tuesday as the dollar weakened, but expectations the Federal Reserve could go ahead with an interest rate increase this month kept gains in check. Bullion ended August 3.5- percent higher as worries over China's slowing economy sparked safe-haven bids that proved fleeting as the metal has come off a seven-week top.

  • MELBOURNE, Sept 1- London nickel sagged on Tuesday, tracking losses in China after demand jitters pummeled Shanghai's volatile nickel contract towards last week's record lows, while copper was subdued ahead of a slew of global factory gauges out later in the session. *The most active January Shanghai Futures Exchange nickel contract slipped 0.8 percent to...

  • The surge was fuelled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by the downward revision of U.S. output data by the U.S. Energy Information Administration. Brent crude for October delivery had dropped $1.85 to $52.30 a barrel, or 3.4 percent, as of 0030 GMT after climbing $4.10, or 8.2...