CNBC Utilities Page Wires

  • SYDNEY, Oct 17- U.S. soybean futures fell for a second session on Wednesday as forecasts of dry weather in parts of the United States indicated farmers there would be able to pick up the pace of harvesting. *The most active soybean futures on the Chicago Board of Trade were down 0.1 percent at $8.83-3/ 4 a bushel by 0042 GMT, having closed down 0.8 percent on Tuesday.

  • SHANGHAI/ HONGKONG, Oct 16- Investors are betting that the powerful forces of easier monetary policy at home and unrelenting gains in the U.S. dollar will push China's yuan down, even as Beijing categorically insists that it isn't pursuing currency depreciation. The yuan, or renminbi, is already down 10 percent against the dollar since March, when the first round...

  • LONDON, Oct 16- Saudi Arabia is unlikely to employ its so-called "oil weapon" in the diplomatic crisis over the disappearance of a journalist after visiting the countrys consulate in Istanbul. Experience from the last time Saudi Arabia tried to use oil sales as a diplomatic instrument in 1973/ 74 shows such action does not work and the kingdom itself would be the...

  • Oct 16- Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The leap in subscribers marked a sharp turnaround from three months ago, when investors sent Netflix shares tumbling 14 percent after...

  • SYDNEY, Oct 17- Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent and South Korea 1.5 percent. On Wall Street, the three major...

  • Oct 17- British trade minister Liam Fox said the UK will need a longer transition period to make a free-trade deal with the European Union, The Times newspaper reported on Wednesday. Fox suggested that Britain may stay in transition for a "few more months" beyond the end of December 2020, the newspaper reported...

  • BRUSSELS/ LUXEMBOURG, Oct 17- European Union leaders will give British Prime Minister Theresa May a tough reception in Brussels on Wednesday, warning her to rally support at home for the Brexit deal on offer or be cut loose without one in March. Officials said they expected the leaders to tell May they have little more to offer since talks stalled on Sunday and they...

  • BUENOS AIRES, Oct 16- Argentina's central bank issued a fresh batch of publicly-traded, short-term notes on Tuesday in an bid to chip away at its year-end repayment obligations, which have contributed to concerns over the country's ability to service its international debt obligations in 2019.. The central bank said it sold 105.810 billion pesos worth of...

  • LIAM FOX SUGGESTED TUESDAY THAT BRITAIN MAY END UP STAYING IN TRANSITION FOR A FEW MORE MONTHS BEYOND END OF DECEMBER 2020- THE TIMES.

  • BRITAIN'S LIAM FOX SAYS UK WILL NEED LONGER TRANSITION TO MAKE FREE-TRADE DEAL WITH EU- THE TIMES.

  • HANGZHOU, China, Oct 17- Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation. China is using preferential policies and brute manufacturing power to position itself at the forefront of...

  • Oct 16- Softbank Group Chief Operating Officer Marcelo Claure said it is "business at usual" at the companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital. Speaking at a technology conference for Arm Holdings, which was acquired by Softbank Group in 2016 in a $32 billion...

  • WASHINGTON, Oct 16- U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive October bills for people hardest hit by Hurricane Michael after some Florida residents expressed frustration in getting mobile phone service restored. At least 18 deaths in four states have been blamed on Michael, which crashed into...

  • Oct 16- CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents,...

  • *Wages to increase by 14 percent over four years. CHICAGO, Oct 16- United States Steel Corp workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. Wages were frozen in the last contract, which ended on Sept. 1, as the Pittsburgh- based company was suffering losses from a...

  • The body that governs the capital's historic "Square Mile" financial district said in a report that London secured 55 inbound foreign direct investment projects in financial services last year, compared with 26 each for Dublin and Paris, 24 in Frankfurt, and 20 in New York. Top investors came from the United States, Sweden and China, while investments from the...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? *China 2018, 2019 GDP growth seen at 6.6 pct, 6.3 pct, unchanged from July survey. BEIJING, Oct 16- China's central bank is increasingly expected to cut the amount of funds banks need to hold as reserves next year as the government looks to funnel cash into an economy hit by slowing domestic demand and a...

  • TORONTO, Oct 16- U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore sent a letter dated Oct. 16 to Detour in which Livermore Managing Director David Neuhauser said the board had failed its shareholders on "numerous...

  • MEXICO CITY, Oct 16- The new U.S.- Mexico- Canada trade agreement increases protectionism in the North American region but will most benefit Mexico, a senior trade negotiator for that country said, despite U.S. Jesus Seade, who led the negotiations for Mexico's incoming leftist government, told Reuters in an interview on Monday he believed the agreement,...

  • SAO PAULO, Oct 16- Brazilian iron ore miner Vale said on Tuesday that it plans to use its cash flow cautiously going forward, devoting about 30 percent of its earnings before interest, taxes, depreciation and amortization to regular dividends.