CNBC Utilities Page Wires

  • *Early start comes as Tesla battles sales slump in China. BEIJING/ SHANGHAI, Feb 22- Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions. The California- based firm has already adjusted prices and added a cheaper Model 3 variant to its line-up to make its...

  • TOKYO, Feb 22- Japan's Nikkei snapped four straight days of gains on Friday morning as weak U.S. economic data dampened sentiment, though the selling was contained by more signs of progress in U.S.- China trade talks. The U.S. Commerce Department said new orders for key U.S.-made capital goods unexpectedly fell in December. "Weak U.S. economic indicators are...

  • PARIS, Feb 21- Utility Engie is poised to cut back its geographical spread of businesses and focus on grids and renewables in a 1 billion euro cost-cutting drive to bolster revenues, sources familiar with the matter said. Engie has been criticized for being too complex and conglomerate-like and CEO Isabelle Kocher is expected to address this in a 2019-2021...

  • NGAPALI BEACH, Myanmar, Feb 22- Myanmar leader Aung San Suu Kyi called for investment in the crisis-hit western state of Rakhine on Friday, saying the world had "focused narrowly on negative aspects" in the state from which some 730,000 Rohingya Muslims have fled since 2017.. On a rare visit to Rakhine, Suu Kyi emphasised responsible business practices as she...

  • SINGAPORE, Feb 22- It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne buyer China putting restrictions on some imports, and an Australian court saying mines must factor in climate change. Glencore is the world's fourth-biggest coal mining company but also the largest supplier to the...

  • SHANGHAI, Feb 22- China's yuan inched lower against the U.S. dollar on Friday but looked set for its biggest weekly gain since early January, supported by optimism that Washington and Beijing may be nearing a deal that could end their trade war. Sources said the two sides remain far apart on some U.S. demands, but investors hope that a framework deal would at least...

  • *Early start comes as Tesla battles sales slump in China. BEIJING, Feb 22- Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as the U.S. luxury electric vehicle maker looks to revive sales in the world's biggest auto market. It has adjusted prices of its U.S.-made cars in China to make them affordable.

  • SINGAPORE, Feb 22- Facebook's new effort to bring outside experts into its content review process promises to be complicated and possibly contentious, if discussions this week at a meeting in Singapore are any indication. In Myanmar, for example, Facebook for years took little action while the platform was used to encourage violence against the Rohingya...

  • Feb 22- Gold prices edged higher on Friday as optimism over U.S.- China trade talks pressured the dollar, but signs of the U.S. Spot gold inched 0.1 percent higher to $1,324.59 per ounce at 0408 GMT. U.S. gold futures were subdued at $1,327.7 per ounce.

  • *China's January home price growth slips to 9- month low. SHANGHAI, Feb 22- Shanghai stocks recouped earlier losses to be roughly flat on Friday morning, as investors watched the development of Sino-U.S. trade talks. **Property stocks slid, with the CSI China mainland real estate index easing 0.5 percent by midday, after data showed China's January home price growth...

  • *Q4 revenue 27.2 bln yuan vs estimate of 26.3 bln yuan. *Q4 adjusted EPS 13.18 yuan/ ADS vs estimate of 11.83 yuan/ ADS. BEIJING, Feb 22- Chinese search engine operator Baidu Inc beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service...

  • KUALA LUMPUR, Feb 22- Sime Darby Plantation, the world's biggest oil palm planter by land holdings, is considering exiting its palm and rubber operations in the West African nation of Liberia, industry sources said. The potential move comes as the Malaysian company's return on investment in Liberia has been lower than expected due to disappointing planting...

  • SHANGHAI, Feb 22- Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States. After inching higher in early trade, MSCI's broadest index of Asia-Pacific shares outside Japan fell into the red as more markets opened across the region, dipping 0.1 percent.

  • BUCHAREST, Feb 22- European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. Germany is keen to start as soon as possible, while France is reluctant to engage with Trump. Germany, whose exports of cars and car parts to the United States are worth more than half of the EU total, is keen to press ahead,...

  • *Jet lessors holding new planes in Seattle pending pay- Boeing. SINGAPORE/ BENGALURU, Feb 21- International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as skepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. The troubles at India's Jet,...

  • TOKYO, Feb 22- Japanese government bond prices edged higher on Friday after the Bank of Japan conducted a regular debt-buying operation. The BOJ on Friday offered to buy 660 billion yen of five- to 40- year JGBs. The bond market showed little reaction to data showing Japan's core consumer inflation rising 0.8 percent in January from the previous year, with the...

  • SINGAPORE, Feb 22- Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day, undermining efforts by Middle East- dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last...

  • *Hopes for Washington- Beijing trade agreement underpin prices. Feb 22- Chicago soybean futures edged higher on Friday, with the market set to gain for the first time in four weeks on expectations of a trade agreement between Washington and Beijing. "There is going to be competition between Brazil and the United States to export soybeans to China," said one...

  • Feb 21- Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. Heinz Co bought Kraft Foods Group Inc in 2015, to create the world's fifth largest food...

  • SYDNEY, Feb 22- U.S. wheat futures were set to finish the week down more than 2 percent despite inching up on Friday, pressured by tepid interest in North American supplies from some major importers. Grain markets were also keeping a close eye on talks to end trade conflict between the United States and Washington. *Egypt's state grains buyer, the General Authority...