CNBC Utilities Page Wires

  • Production for these trucks is expected to rise 5 percent to 335,000 units in 2019, according to ACT Research, the industry body tracking the commercial vehicle market. While the overall truck market has remained strong, Navistar's stock is down 45 percent this year, taking a hit from broader declines in industrial stocks on the back of the ongoing trade war...

  • LISBON, Dec 18- Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay. "Portugal does not want to be a country that just drills holes in the ground and exports the ores," Galamba said,...

  • RABAT, Dec 18- Morocco's central bank left its benchmark interest rate at 2.25 percent at a meeting on Tuesday, saying borrowing costs were in line with medium-term inflation and growth prospects. The bank forecast Morocco's economic growth would slow to 3.3 percent in 2018, from 4.1 percent in 2017, and to 3.1 percent in 2019 before picking up to 3.6 percent in...

  • *Saipem deal seen worth 2.5 billion euros- source. By Katya Golubkova and Stephen Jewkes. MOSCOW/ MILAN, Dec 18- Italian energy contractor Saipem plans to sign a deal this week with Novatek to build offshore platforms for the Russian firm's liquefied natural gas project, Arctic LNG 2, two sources close to talks told Reuters.

  • ITALY'S EXPORT CREDIT AGENCY SACE EXPECTED TO PROVIDE GUARANTEES UNDER ARCTIC LNG 2 PROJECT- SOURCE.

  • ITALY'S SAIPEM PLANS TO SIGN DEAL THIS WEEK TO BUILD OFFSHORE PLATFORMS FOR RUSSIAN FIRM NOVATEK'S ARCTIC LNG 2 PROJECT- SOURCES.

  • LISBON, Dec 18- Portugal expects to launch a tender of lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay. In September, Joao Galamba's predecessor Jorge Seguro Sanches said he wanted to launch the tender before the end...

  • Dec 18- U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes. Wall Street's three major indexes slid more than 2 percent on Monday, with the S&P 500 closing at a 14- month...

  • LONDON, Dec 18- Copper prices fell to a five-week low on Tuesday as fears that weak global growth will reduce demand combined with news that a large smelter in India could restart, lifting supply. COPPER: Benchmark copper on the London Metal Exchange was down 1.1 percent at $6,057 a tonne at 1208 GMT after touching $6,032, the lowest since Nov. 14.

  • In June, Rent-A-Center agreed to be taken private by Vintage Capital in a $1.37 billion deal, including debt, following pressure from activist investors.

  • TOKYO/ PARIS, Dec 18- The head of Nissan and acting CEO of Renault will hold talks during a two day meeting of their carmaking partnership starting on Tuesday, sources said, amid a crisis in relations sparked by the arrest of long-time alliance supremo Carlos Ghosn. The meeting between Nissan CEO Hiroto Saikawa and Renault deputy CEO Thierry Bollore is their first...

  • Dec 18- U.S. supermarket chain Kroger Co said on Tuesday it has started using unmanned autonomous vehicles to deliver groceries Scottsdale, Arizona in partnership with Silicon Valley startup Nuro. The delivery service follows a pilot program started by the companies in Scottsdale in August and involved Nuro's R1, a custom unmanned vehicle.

  • BERLIN, Dec 18- Volkswagen will have to review its plans for a shift toward mass production of electric vehicles to meet new European Union CO2 targets in 2030, CEO Herbert Diess said in a statement on Tuesday. The new European rules require carmakers to reduce carbon emissions from cars across their fleets by 37.5 percent between 2021 and 2030..

  • LONDON, Dec 18- Oil prices fell 4 percent on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. U.S. crude oil dropped $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering to around $48.55...

  • The company also raised its fiscal 2019 delivery forecast of Class 6-8 trucks and buses in the United States and Canada to between 395,000 units and 425,000 units, from the 385,000 units to 415,000 units range it forecast earlier. Lisle, Illinois- based Navistar said it expects 2019 revenue to be between $10.75 billion and $11.25 billion. Earnings per share rose...

  • TRIPOLI, Dec 18- Libya's National Oil Company has declared force majeure on operations at the country's largest oilfield, El Sharara, a week after the firm announced a contractual waiver on exports from the field following its seizure by militants. Exports from the smaller El Feel oilfield were continuing, field engineers said, as workers had maintained its...

  • RIYADH, Dec 18- Saudi Arabia plans to increase state spending by more than 7 percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry on Tuesday.

  • HELSINKI, Dec 18- The European Central Bank should review its policy tools, such as bond purchases and negative interest rates, so they reflect the changed economic environment since the financial crisis, ECB rate setter Olli Rehn said on Tuesday. The ECB has credited its 2.6 trillion euro money-printing scheme, sub-zero rates and policy guidance for staving...

  • Net income attributable to the company rose to $188 million in the fourth quarter ended Oct. 31, from $135 million a year earlier. Earnings per share rose to $1.89 from $1.36 cents per share. Revenue rose 28 percent to $3.32 billion from $2.6 billion.

  • U.S. crude oil dropped $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering to around $48.40 by 1115 GMT. North Sea Brent crude lost $2.41, or 4.0 percent, to a low of $57.20, a 14- month low, and last traded around $58.06, down $1.55. "A large part of the move is due to a broader market sell-off, with both U.S. and Asian equity markets...