CNBC Utilities Page Wires

  • *MSCI ex- Japan off 1.7 pct, Nikkei plunges 3.1 pct. SYDNEY, Nov 13- Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16- month highs as investors dumped riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.7...

  • *Saudi Arabia says there is need to cut 1 mln bpd of supply. *Trump says OPEC should not cut supply. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.

  • Pence, in Japan on Tuesday during a visit to Asia, will meet Japanese Prime Minister Shinzo Abe for talks that are expected to touch on economic ties between the two security allies as well as North Korea's nuclear and missile programmes. Trump has criticized Japan over trade, asserting that Tokyo treats the United States unfairly by shipping millions of cars to...

  • Pence, in Japan on Tuesday during a visit to Asia, will meet Japanese Prime Minister Shinzo Abe for talks that are expected to touch on economic ties between the two security allies as well as North Korea's nuclear and missile programs. Trump has criticized Japan over trade, asserting that Tokyo treats the United States unfairly by shipping millions of cars to...

  • LONDON, Nov 13- The likelihood of a hard Brexit, where the UK economy crashes out of the European Union without securing a trade deal, is rising once again. The latest Commodity Futures Trading Commission figures for the week ending Nov. 6 show funds increased their net short sterling position by 4,317 contracts to 56,799 contracts. And if the UK political backdrop...

  • LONDON, Nov 12- Hedge funds have sold the equivalent of almost half a billion barrels of crude oil and refined products in the last six weeks, as worries about slowing demand replaced earlier concern over sanctions on Iran. Hedge funds and other money managers cut their combined net long position in the six major petroleum futures and options contracts by...

  • TOKYO, Nov 13- Japanese Finance Minister Taro Aso said he was scheduled to meet with U.S. Vice President Mike Pence on Tuesday but that their meeting would not be part of the economic dialogue between the two countries. Pence is in Japan on Tuesday during a visit to Asia.

  • TOKYO, Nov 13- Japanese Finance Minister Taro Aso said he was scheduled to meet with U.S. Vice President Mike Pence on Tuesday but that their meeting would not be part of the economic dialog between the two countries. Pence is in Japan on Tuesday during a visit to Asia.

  • *Trump says OPEC should not cut supply. President Donald Trump put pressure on Saudi Arabia and OPEC not to cut supply in order to prop up the market. "Hopefully, Saudi Arabia and OPEC will not be cutting oil production.

  • SYDNEY, Nov 13- Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16- month peak on safe haven bets amid political risks in Europe and acrimonious Sino-U.S. trade relations. The Asia ex- Japan index is down 15.5 percent so far this year, after a solid 33.5 percent gain in 2017, with October the...

  • Federal Reserve Today in Washington. 13- Nov Germany Auction of 2- year Treasury notes 13- Nov Italy Medium-long term auction 13- Nov Japan Auction of 30- year government bonds 13- Nov Netherlands DSL Auction 13- Nov Spain Auction of 6- and 12- month Treasury bills 14- Nov Sweden Auction of government bonds 14- Nov Norway Auction Treasuries 14- Nov Germany...

  • TUESDAY, NOVEMBER 13 JOHANNESBURG- World Bank officials to meet Zambia finance ministers and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. MELBOURNE- Panel Participation by Guy Debelle, RBA Deputy...

  • NEW YORK, Nov 12- General Electric Co will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. Last month, GE posted a quarterly loss of $22.8 billion, cut its annual dividend to just 4 cents a share and told investors it was...

  • LONDON, Nov 13- A report from the European Bank for Reconstruction and Development on Tuesday warned that perceived transparency in government policymaking in its 38 economy bloc had not improved since the start of the decade. Poland, where the ruling PIS government has been criticised by the European Commission for forcing top judges to retire, saw its annual...

  • LONDON, Nov 13- Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas use, the International Energy Agency said on Tuesday,. The Paris- based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017...

  • LONDON, Nov 13- Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency said on Tuesday. Oil demand is not expected to peak before 2040, the Paris- based IEA said in...

  • NEW YORK, Nov 12- Investors will not see the results of a turnaround in Brazil's BRF SA, the world's largest poultry exporter, in the short term, the company's chief executive officer Pedro Parente told Reuters on Monday. "Realistically, it will not happen in less than two years," Parente said in an interview in New York, adding that one of his biggest challenges as CEO is...

  • TREASURY SECRETARY STEVEN MNUCHIN HAS RESUMED DISCUSSIONS WITH HIS CHINESE COUNTERPART, VICE PREMIER LIU HE; THE TWO SPOKE BY TELEPHONE ON FRIDAY- WSJ.

  • WASHINGTON, Nov 12- The U.S. Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, two administration officials said. The White House has pledged not to move forward with imposing tariffs on the European Union or...

  • The 30- year old game developer is a child of the county's tech boom: she studied at one of China's top universities and her company hit it big with an award-winning game that was published on Nintendo's Switch console and the PC gaming platform Steam, with plans for roll-out on other game platforms. Now her ambitions- and those of many others across China's giant...