CNBC Utilities Page Wires

  • Russia has suspended gas purchases from Turkmenistan for many years while Ashgabat supplied China with its fuel. Iran and four ex-Soviet nations, including Russia, Kazakhstan, Turkmenistan and Azerbaijan, agreed in principle on Sunday how to divide up the potentially huge oil and gas resources of the Caspian Sea, paving the way for more energy exploration and...

  • Russia has suspended gas purchases from Turkmenistan for many years while Ashgabat supplied China with its fuel. Iran and four ex-Soviet nations, including Russia, Kazakhstan, Turkmenistan and Azerbaijan, agreed in principle on Sunday how to divide up the potentially huge oil and gas resources of the Caspian Sea, paving the way for more energy exploration and...

  • LONDON, Aug 15- European shares edged up on Wednesday, ignoring heavy losses overnight on emerging markets as, amidst the gloom, the Turkish currency crisis seemed to ease at least temporarily with the lira recovering from record lows. Also in Denmark, audio maker William Demant fell 8 percent after it published a trading update which Bernstein analysts said...

  • COPENHAGEN, Aug 15- Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after the company said a strong order intake helped it beat second-quarter profit expectations and it launched a 200 million euro share buy-back scheme. The results and news of the share buy-back to run over the next four months overshadowed Vestas' warning that tariffs...

  • JAKARTA, Aug 15- Indonesia's central bank on Wednesday raised its benchmark interest rate for the fourth time since mid-May to defend the rupiah, which has again come under pressure, partly due to Turkey's financial crisis. Bank Indonesia raised its 7- day reverse repurchase rate by 25 basis points to 5.50 percent, as expected by 6 of 19 economists in a Reuters...

  • BEIRUT, Aug 15- Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/ non- OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students' News Agency reported on Wednesday. Last week, Zanganeh sent a "letter of complaint" to his United Arab Emirates counterpart after noticing that some OPEC members...

  • TEL AVIV, Aug 15- Partner Communications, Israel's second-largest mobile phone operator, reported on Wednesday a 96 percent drop in quarterly profit as it continues to invest heavily in the deployment of a fiber optics network and its TV service. According to a Reuters poll of analysts, Partner was forecast to record net profit of 10.25 million shekels on...

  • Front-month Brent crude oil futures were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. crude stocks rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels, private industry group the American Petroleum Institute said on Tuesday. "Oil prices... fell after the API inventory data showed an unexpected crude...

  • Not a single tanker has loaded crude oil from the United States bound for China since the start of August, Thomson Reuters Eikon ship tracking data showed, compared with about 300,000 barrels per day in June and July. The United States and China have been locked in a tit-for-tat trade spat over the last few months, but crude was dropped from China's final list of...

  • *Gaming sector hit after China halts game license approvals. TOKYO, Aug 15- Japan's Nikkei dropped on Wednesday morning as profit-taking hit after the previous day's sharp gains, though the drops were limited as the yen's weakness against the dollar aided investor sentiment. Gaming sector stocks fell due to concerns over delays in new games releases in China, as...

  • ITALY TRANSPORT MINISTER SAYS AUTOSTRADE PER L'ITALIA TOP MANAGEMENT MUST RESIGN- FACEBOOK.

  • LONDON, Aug 15- Car dealership firm Lookers posted on Wednesday a 14 percent decline in first-half adjusted pre-tax profit to 43.1 million pounds as British new vehicle sales fell compared to a record period last year. "Although profits... are down on last year, as expected, this was due to a very strong comparative period, driven by record new car sales ahead of the...

  • BEIJING, Aug 15- China's second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient. Jiangsu province, which accounted for 12.5 percent of China's total crude steel output last year,...

  • MILAN, Aug 15- At least 35 people were killed when a bridge collapsed in the Italian port city of Genoa, police said on Wednesday after firemen worked through the night looking for any survivors buried under the rubble. "The latest official number is 35 but we can't rule out it could rise further," a spokeswoman for the police in Genoa said. A 50- metre high section of the...

  • SANTIAGO, Aug 15- The union for Chile's Escondida, the world's largest copper mine, said on Wednesday it will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP. "We have received a new offer that will be presented to members," Patricio Tapia, union's president, told Reuters without providing further...

  • *Erdogan says Turkey is target of economic war. ISTANBUL, Aug 15- Turkey has doubled tariffs on some U.S. imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate U.S. attacks on the Turkish economy. President Donald Trump said he had authorized higher tariffs on aluminium and steel imports from Turkey.

  • AT LEAST 35 PEOPLE DEAD IN GENOA BRIDGE COLLAPSE - POLICE.

  • *Central bank to announce interest rate decision after 0700 GMT. JAKARTA, Aug 15- Indonesia's central bank intervened again in the currency market to support the rupiah, as analysts predicted a close call on whether interest rates will be raised at a policy meeting later on Wednesday amid a deepening emerging market sell-off. And at a time of concern about the...

  • TOKYO, Aug 15- Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey's financial crisis. Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE seen rising 0.2 percent, Germany's DAX adding 0.1 percent and France's CAC gaining 0.15 percent.

  • BEIJING, Aug 15- U.S. startup incubator Y Combinator said it is establishing a China unit, its first dedicated overseas office, which will be headed by Baidu Inc's former chief operating officer Qi Lu. Qi will be able to take what makes YC work and adapt it for China, " Sam Altman, president of YC Group said in a blog post. In his new role, Lu will also become the head of YC...