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CNBC Utilities Page Wires

  • LONDON, April 24- Anglo American on Tuesday said it expected iron ore operations at Minas-Rio in Brazil, closed because of pipeline leaks, to ramp up only in the fourth quarter of 2018, causing a $300- 400 million hit to group earnings for the year. Anglo American shares had risen nearly 15 percent so far this year, outstripping its peers, despite the issues at...

  • April 24- Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan's Nidec Corp for $1.08 billion in cash. Whirlpool also said it expects to buy back about $1 billion of shares in the form of a modified Dutch Auction tender offer. The deal, which does not include its Italy facily, is not expected to have a material impact on...

  • BEIJING, April 24- China kept fuel exports to North Korea to a trickle in March and exported no corn for a third straight month to its isolated neighbour, data showed on Tuesday, as sanctions over Pyongyang's nuclear weapons and missile programme continued to bite. It was also the sixth month that China imported no iron ore, coal or lead from North Korea, in line with...

  • SEOUL, April 24- South Korean steelmaker POSCO said on Tuesday its consolidated operating profit in the first quarter rose 9 percent from a year earlier to 1.49 trillion won, backed by solid steel demand, beating the 1.37 trillion won average estimate of 16 analysts polled by Reuters. POSCO, the world's fifth-biggest steelmaker, said its revenue rose 5 percent to...

  • PARIS, April 24- French industrial morale weakened slightly in April compared to the previous month, data from state statistics body INSEE showed on Tuesday. Morale in the industrial sector fell to 109 points in April, down from a revised figure of 110 points for March, although INSEE said it remained above its long-term average level of 100 points.

  • TOKYO, April 24- Japanese shares hit a two-month closing high on Tuesday with financials leading gains after U.S. bond yields spiked to four-year highs and as investors remained optimistic about upcoming earnings. With Japanese financial institutions stepping up investment and lending in the United States in recent years as negative interest rates at home...

  • PARIS, April 24- French automaker PSA Group posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall. Following a 2014 bailout, PSA has recovered to record profitability and is applying its turnaround lessons to Opel, acquired from General Motors last year. The sales number fell short of the 18.35 billion euros expected...

  • TOKYO/ SYDNEY, April 24- Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar's rally was sustainable. Spreadbetters pointed to a firm opening in Europe with FTSE futures up 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside...

  • LONDON, April 24- Less than two weeks after the latest round of U.S. sanctions plunged Russia's rouble to 16- month lows, some global funds have already stepped back in to buy rouble-denominated sovereign bonds and take advantage of the weaker currency. Early this month, Washington imposed new sanctions on 24 Russians, striking at allies of President Vladimir...

  • PSA GROUP STILL SEEKING DEROGATION ON GERMAN PAY INCREASE FROM IG METALL UNION- CFO.

  • PSA GROUP RETURN TO SIGNIFICANT CHINA EARNINGS CONTRIBUTION' WILL TAKE SOME TIME'- CFO.

  • EXCLUSIVE-OFFSHORE FUNDRAISING STARTED IN APRIL AND OFFERS 8-10 PCT GUARANTEED RETURN TO INVESTORS-DOCUMENT.

  • EXCLUSIVE-HNA GROUP UNIT SEEKS AS MUCH AS $1.5 BLN IN GLOBAL FUND-DOCUMENT.

  • TOKYO, April 24- Japan's Economy Minister Toshimitsu Motegi said on Tuesday that bilateral talks on trade under a new framework led by him and U.S. The move could put Japan under direct U.S. pressure to enter talks for a bilateral free trade agreement. Japan is wary of entering such talks and wants to convince Washington to rejoin the multilateral Trans-Pacific...

  • April 24- A unit of debt-laden Chinese conglomerate HNA Group is seeking to raise as much as $1.5 billion by the end of this year in an investment fund that will serve as the group's primary vehicle for global acquisitions, a document reviewed by Reuters showed. The Overseas Aviation and Tourism Industry Fund will target travel, aviation and real estate assets...

  • *Russia's Deripaska took steps to prepare for sanctions- sources. MOSCOW/ LONDON, April 23- In December, as news reports emerged about potential new U.S. sanctions against Russia, aluminium magnate Oleg Deripaska instructed advisers to draw up contingency plans, according to people close to the businessman and his firms. It was this scenario that Washington...

  • ROZZANO, Italy, April 24- Telecom Italia shareholders will vote on Tuesday to confirm Amos Genish as CEO, while a widely-anticipated showdown between the top two investors in Italy's biggest phone group over board seats is delayed by 10 days. Paul Singer's fund has built a 9 percent stake in TIM to try shake up the way Vivendi- which owns 24 percent- runs it.

  • BEIJING, April 24- Top Chinese tech firms and some government departments have been singled out in a report that says discriminatory hiring practices based on gender are widespread in China and are linked to a shrinking proportion of women in the labor force. Job ads posted by Alibaba Group Holding Ltd, Baidu Inc and Tencent Holdings Ltd were among those that...

  • *GRAPHIC: China gasoline exports vs Singapore gasoline profit margin: https://reut.rs/2KaruiW. LAUNCESTON, Australia, April 24- China's surging imports of crude oil this year are the major driver of higher prices on the demand side, but the flip side to this is soaring Chinese fuel exports that are hurting profit margins at regional refiners.

  • SYDNEY, April 24- National Australia Bank said on Tuesday it is considering selling its financial advice business, as a major inquiry into the country's financial sector continued to reveal widespread misconduct by advisers with the big banks. Facing mounting regulatory pressure and public disgust at their abuse of market power, Australia's major banks are...