GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Wires

More

  • The Thomson Reuters/ PayNet Small Business Lending Index edged down to 145.2 from an upwardly revised June reading of 146.4, but the readings marked the index's two highest points since it was launched in 2005.. The July reading, up 13 percent from the same month a year ago, was driven by robust activity in key sectors like transportation and construction, said...

  • HONG KONG/ SHANGHAI, Sept 2- China's central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on more depreciation of the yuan. According to the People's Bank of China document seen on Wednesday, reserve ratios will be set at 20...

  • GENEVA— Swiss drug maker Novartis says it will cooperate with California- based biotech giant Amgen to develop and sell neuroscience treatments for illnesses and ailments like Alzheimer's disease and migraine headaches. A Novartis statement released late Tuesday said that as part of the deal, Amgen will make initial payments and cover some research and...

  • HELSINKI— Lego says its popular multi-colored toy blocks were in strong demand in the first half of the year, resulting in good growth in profits and revenue and an upbeat outlook for the full year. Net profit in the first six months of 2015 was up 30 percent at 3.6 billion kroner while sales grew to 14.1 billion kroner from 11.6 billion kroner a year earlier.

  • The CIPS/ Markit construction Purchasing Managers' Index rose to 57.3 in August from 57.1 in July, indicating solid growth but below the 57.5 forecast in a Reuters poll and the levels of more than 60 regularly reached in 2014.. "UK construction companies remained on a reasonably strong growth footing in August, helped by a sustained recovery in both residential...

  • Sept 2- Hong Kong's benchmark stock index fell 1.2 percent on Wednesday to close at its lowest level in two years as China's markets continued to wobble. The Hang Seng index fell 250 points to 20,934.94, its lowest close since July, 2013. The China Enterprises Index lost 1.6 percent, to 9,301.32 points. Air China jumped as much as 7 percent before giving up much of its...

  • *China intervention helping calm mkt jitters- traders. *ECB meeting, China holiday seen also soothing. LONDON, Sept 2- European stock markets recovered from a rough start to the week on Wednesday, rising almost 1 percent as traders pointed to intervention in China that helped calm wobbly markets and hopes for more central bank action.

  • LONDON, Sept 2- The dollar rose on Wednesday as fragile global stock markets stabilised, taking the heat out of a rush to unwind carry trades that boosted the safe-haven yen and the low-yielding euro in recent weeks. The dollar was up 0.6 percent at 120.10 yen, rising from a low of 119.225 yen as European stock markets rose and U.S. stock futures were almost 1 percent...

  • BERLIN— Top directors at German carmaker Volkswagen plan to give a two-year contract extension to CEO Martin Winterkorn, who emerged on top of a power struggle this year with company patriarch Ferdinand Piech. But the company has struggled to reduce costs and improve market share in the United States. It now faces slackening demand in China, which is a key source...

  • Eurostar told passengers that one France- Britain train had to stop at Calais and return to Paris because of a power failure, after reports of migrants trespassing on the tracks. Eurostar also reported technical difficulties on a London- Paris train, and said at least two other trains suffered disruptions overnight. Eurostar operates passenger trains between...

  • SHANGHAI, Sept 2- Chinese stocks managed to bounce off from steep losses and ended Wednesday almost flat as fresh supportive measures from brokerages eased investor fears that Beijing may be intensifying a crackdown on illegal margin financing. The market was previously weighed down by news that China's securities regulators have urged brokerages to...

  • ANN ARBOR, Mich.— India's largest SUV maker is ready to make its debut on U.S. roads. Mahindra hopes to win over city and campus dwellers with a $2,999, Vespa-like electric scooter called the GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales could soon expand to other states and Europe.

  • The stock market's sharp downturn in recent weeks has pulled the three major stocks indexes into what is known as a "correction." A correction is a Wall Street term for when an index like the Standard& Poor's 500 index, the Dow Jones industrial average, or even an individual stock, falls 10 percent or more from a recent high. The Dow fell 469.68 points Tuesday to...

  • SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, two people with direct knowledge of the process said, in what is set to be the largest ever private equity deal in Asia. Seoul- based MBK, one of the largest Asia- based private equity firms, is backed in its bid for Tesco's South...

  • *Indonesia is' racing against time'- president. JAKARTA, Sept 2- Indonesia's president on Wednesday promised quick and "massive deregulation" to attract much needed investment in Southeast Asia's largest economy. This is the latest move by President Joko Widodo to try to improve investor sentiment about Indonesia, which has soured recently due to slowing...

  • LAUNCESTON, Australia, Sept 2- Conventional wisdom is that falling oil prices provide significant economic stimulus, but many Asian countries appear to be missing out on much of the benefit. China, the world's largest crude importer, dropped the retail ceiling price of gasoline by 125 yuan a tonne from Wednesday, taking it to 6,830 yuan a tonne.

  • *Gold steady after four-day advance. MANILA, Sept 2- Gold steadied on Wednesday with appetite for the metal soured by a firmer dollar despite weaker Asian equities, and failure to breach a key resistance and a looming U.S. rate hike suggest more downside risk. Gold has failed to convincingly breach the $1,145 resistance even in the face of a 3 percent slide in U.S....

  • TOKYO, Sept 2- Japanese stocks fell on Wednesday as concerns about China's cooling economy and further losses in Chinese stock markets demoralized investors, wiping out early gains. Daio Paper Corp. lost 17.9 percent, dragging down the Topix paper subindex after announcing it will issue 30 billion yen worth of euro-yen denominated convertible bond shares,...

  • LONDON, Sept 2- Nick Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the internet minnow into a retail powerhouse with fans around the world. ASOS, popular with Internet savvy twentysomethings and high-profile fans such as British singer Rita Ora and U.S.

  • JAKARTA, Sept 2- China's slowing economic growth is denting demand for goods and natural resources from Southeast Asia which, in turn, is hitting demand for Chinese exports in the ASEAN region, the biggest market for China outside the United States and Europe. The 10 economies in the Association of South East Asian Nations took nearly $160 billion of China's...