CNBC Utilities Page Wires

  • VIENNA, Nov 15- Shares in Austria's AMS were set to fall 10 percent at market open on Thurday after the sensor specialist became the latest Apple chip supplier to trim its outlook. The Swiss-listed company said it now expects revenue to come in between $480 million and $520 million in the three months to Dec. 31, compared with the $570- $610 million it forecast last...

  • SHANGHAI, Nov 15- China's central bank is planning to develop an over-the-counter business for local government bonds in the interbank market, in what it said was a move to encourage the market's development and meet investor demand.

  • BEIJING, Nov 15- Foreign direct investment into China rose 3.3 percent in the first ten months of this year to 701.16 billion yuan from a year earlier, China's Ministry of Commerce said on Thursday. In October, the FDI into China increased 7.2 percent year-on-year to 64.46 billion yuan, the commerce ministry said. In the first ten months of the year, foreign direct...

  • *WEKO probes a suspected boycott of Apple Pay, Samsung Pay. ZURICH, Nov 15- Switzerland's competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse and UBS as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay. The probe targets Aduno Holding, Postfinance, Swisscard AECS...

  • *SMFG, Mizuho sold on disappointing FY forecasts, U.S. bank sector decline. TOKYO, Nov 15- Japan's Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares. SMFG posted a 37 percent rise in its second-quarter net profit, but it kept its profit forecast at 700 billion yen for the year ending March,...

  • REFILE- LONDON ZINC FUTURES JUMP 2 PCT TO $2,552 A TONNE.

  • TOKYO, Nov 15- Japanese government bond prices were mostly steady on Thursday as an auction of 5- year debt proceeded smoothly and attracted decent investor demand. The 5- year notes were sold at the lowest price of 100.91, marginally higher than market expectations of about 100.89-90, and the auction drew bids of 3.89 times the amount offered.

  • EXCLUSIVE- CHINA'S JD GROUP HAS PUT FTLIFE INSURANCE CO LTD UP FOR SALE, DEAL COULD FETCH $2- $2.5 BLN- SOURCES.

  • *JD Group working with Citigroup to find buyer for FTLife-sources. HONG KONG, Nov 15- Chinese financial firm JD Group has put its Hong Kong insurance business, FTLife Insurance Co Ltd, up for sale and a deal could fetch between $2 billion and $2.5 billion, three people with knowledge of the matter said. JD Group acquired FTLife for HK $10.7 billion in 2016 from Belgian...

  • *Los Pelambres expansion to lift output for 1st time in 14 years. SHANGHAI, Nov 15- The board of directors of Chilean miner Antofagasta has approved a $1.3 billion expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada said on Thursday. Construction will start in January, Arriagada told Reuters in an interview at...

  • MEXICO CITY, Nov 15- Mexico's central bank is seen hiking its benchmark interest rate to a nearly 10- year high of 8.0 percent on Thursday as the peso currency has taken a beating in recent weeks and analysts shift their forecasts for a weaker currency. The Bank of Mexico is expected to raise the overnight interbank rate by 25 basis points, according to 22 of 25...

  • *Angola plans to tender oil blocks in 2019. It's not clear when he, or his peers, will be cracking open the bubbly in Angola again. Sonangol, the state oil company, is negotiating contracts for new blocks with oil majors and Angola plans to hold an auction next year, the first tender for exploration rights since 2011..

  • NEW YORK, Nov 15- A week after his Republican Party lost majority control in the U.S. House of Representatives to Democrats, President Donald Trump is getting advice from economists and investors to sharpen his focus on a possible winning issue for him as the 2020 White House campaign gets under way: the economy. "If I were his campaign manager, I would stress how well...

  • Low unemployment, the continued benefits of the Republican-led corporate tax cuts, and concerns of a protracted economic slowdown in Europe should result in U.S. equities remaining the best-performing world market, investors said at the Reuters Global Investment 2019 Outlook Summit in New York this week. By comparison, the economy of the euro zone is...

  • *Boeing, FAA issued guidance on anti-stall system last week. *Lion Air jet crashed on Oct. 29 killing all 189 on board. Boeing and the U.S. Federal Aviation Administration issued guidance on the system last week after a Lion Air jet crashed in Indonesia on Oct. 29, killing all 189 people on board.

  • *Spot gold may extend bounce to $1,223/ oz- technicals. Spot gold was little changed at $1,211.12 per ounce. "There's going to be a bid to gold provided the dollar continues to slide," said Stephen Innes, APAC trading head at OANDA in Singapore.

  • SHANGHAI, Nov 15- China's yuan edged higher against the dollar on Thursday, as the greenback slipped while signs of easing trade tensions between Beijing and Washington boosted market sentiment. Prior to market opening on Thursday, the People's Bank of China set the midpoint rate at 6.9392 per dollar, 10 pips firmer than the previous fix of 6.9402.

  • BEIJING, Nov 15- China's new home prices picked up slightly in October, led by sustained gains in smaller cities and suggesting a key driver of economic growth remained resilient, although investor caution points to moderation heading into 2019.. Average new home prices in China's 70 major cities rose 1.0 percent in October from a month earlier, a touch higher...

  • SHANGHAI, Nov 15- Shares in China rebounded on Thursday morning after China delivered a written response to U.S. trade demands, lifting hopes for a resumption of negotiations, and as property firms gained after data showed new home prices rose in October. **China's blue-chip CSI300 index was up 0.49 percent, with its financial sector sub-index higher by 0.83...

  • *Outlook darkens as Japan, Germany report GDP contraction in Q3. "Asian refiners and consumers we speak with are mentioning initial concerns of slowing demand," said Mike Corley, president of Mercatus Energy Advisors. U.S. bank Morgan Stanley said in a note on Wednesday that China's economic "conditions deteriorated materially" in the third quarter of 2018, while...