CNBC Utilities Page Wires

  • *Spot gold may hover below $1,235/ oz- technicals. On Oct. 15, the bullion touched its highest since July 26 at $1,233.26. At the same time, there is a risk-off sentiment, "said Argonaut Securities analyst Helen Lau.

  • SINGAPORE, Oct 22- The euro and the British pound managed to hold steady against the dollar on Monday as investors cautiously awaited developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European Union. Tensions with Saudi Arabia and the West, trade frictions and uncertainly about the global growth outlook kept most...

  • *Sanctions against Iran oil exports to start Nov. 4. *Other producers will struggle to replace Iran shortfall- IEA. The U.S. sanctions on the oil sector in Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, are set to start on Nov. 4.

  • BEIJING, Oct 22- China's tax cuts next year could exceed the equivalent of 1 percent of gross domestic product, a central bank adviser said in remarks published on Monday, in a sign policymakers might be considering another round of tax reductions. Beijing has pledged a more proactive fiscal policy to shore up the world's second-largest economy, which is...

  • Oct 22- PNC Financial Services Group's PNC Bank will use technology from digital lender OnDeck Capital to extend loans to small businesses online, the companies said on Monday. From 2019, businesses in the United States will be able to apply for lines of credit of up to $100,000 through their mobile devices or computers on PNC's website and receive an answer...

  • NEW YORK/ MEXICO CITY, Oct 22- The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico's court system. Mexico is the third-largest U.S. trading partner. The previous trade agreement, NAFTA, included provisions that...

  • *Leland to become Asia Pacific ex Japan investment banking head. HONG KONG, Oct 22- Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.

  • TAIPEI, Oct 22- Taiwan's Mega International Commercial Bank will immediately terminate its payment clearing mechanism between Taiwan and Iran in a response to the United States' sanctions on Iran, a senior bank official told Reuters on Monday. The official declined to be identified as he was not authorised to speak to the media. In August, three people familiar...

  • *Sanctions against Iran oil exports to start Nov. 4. *Other producers will struggle to replace Iran shortfall- IEA. *But U.S.- China trade war clouds 2019 outlook.

  • *Saudi Arabia, Italy, Brexit keeps geopolitics in focus. SYDNEY, Oct 22- Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. Blue chips in Shanghai climbed 3.5 percent in early trade there, extending Friday's bounce on Beijing's pledge of...

  • *Sanctions against Iran oil exports to start Nov. 4. *Other producers will struggle to replace Iran shortfall- IEA. While the Organization of the Petroleum Exporting Countries agreed in June to boost supply to make up for expected Iran disruptions, an internal document reviewed by Reuters suggested that OPEC is struggling to add barrels to the market as an...

  • BEIJING, Oct 22- London copper prices rose for a second session in early Asian trade on Monday, extending a rally fueled by a pledge from China's central bank that it would support firms with liquidity problems. *OTHER METALS: Nickel was the biggest gainer, tracking gains in China's ferrous complex to rise 1.7 percent in London and 1.9 percent in Shanghai.

  • SYDNEY, Oct 22- U.S. soybean futures fell for a third session in a row to hit a near two-week low on Monday as a trade war between Washington and China depressed demand for North American supplies. *The most active soybean futures on the Chicago Board Of Trade were down 0.1 percent at $8.56 a bushel by 0119 GMT, near the session low of $8.55-1/ 2 a bushel- the lowest since...

  • *Saudi Arabia on Sunday called the killing of journalist Jamal Khashoggi at its Istanbul consulate a "huge and grave mistake," but sought to shield its powerful crown prince from the widening crisis, saying Mohammed bin Salman had not been aware. *President Donald Trump said Washington would withdraw from a landmark Cold War-era treaty that eliminated nuclear...

  • SINGAPORE, Oct 22- Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. While the Organization of the Petroleum Exporting Countries agreed in June to boost supply to make up for expected Iran disruptions, an internal...

  • YOKOSUKA, Japan, Oct 19- Unclaimed urns containing ashes of the dead are piling up by the thousands across Japan, creating storage headaches and reflecting fraying family ties and economic pressures in a rapidly ageing nation. The abandoned remains highlight social, economic and demographic changes in Japan, where more elderly live on welfare and families are...

  • NEW YORK, Oct 21- CBS Corp interim chairman Richard Parsons has resigned from the board for reasons of ill health about a month after joining, the company said in a statement on Sunday. Also last month, CBS Chief Executive Officer Leslie Moonves resigned amid allegations of sexual assault and harassment. At that time, CBS also announced a deal to end litigation...

  • On Monday, ICE will list 36 months of flat-price Permian WTI contracts and calendar spreads, as well as inter-commodity spreads for the Houston contract versus Brent and the Houston contract versus WTI. "Houston has become the pricing center for U.S. crude oil production and exports, and the new Permian WTI futures contract is designed to serve hedging and...

  • SANTIAGO, Oct 21- Canada's Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China's Tianqi has been stalled by a row about competitive risks, vowed to "protect its interests" in an interview with a Chilean newspaper published on Sunday. Michael Webb, the executive vicepresident of fertilizer company Nutrien, accused Julio Ponce, SQM's...

  • BERLIN, Oct 21- German Chancellor Angela Merkel, campaigning for her Christian Democrats to retain control of the crucial state of Hesse in next Sunday's election, promised legislation to ward off the threat of air pollution leading to driving bans. Speaking at a news conference on Sunday evening, Merkel said it would be disproportionate to ban dirty diesel...