CNBC Utilities Page Wires

  • LONDON, Oct 15- Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. Governor Mark Carney, who has put climate change issues on the BoEs regulatory radar, said last month that lenders had failed to grasp the scale of the...

  • TORONTO, Oct 12- Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation. The stock has dropped 11.5 percent since Muddy Waters Capital LLC said last week that it had taken a short position, compared...

  • ORLANDO, Fla., Oct 15- The latest trends in corporate jets, from high-end technology to hot showers at 40,000 feet, are on display at a flagship industry show in Orlando this week, where planemakers expect booming demand, helped by U.S. The world's largest market for executive aircraft is the United States, where Democrats have criticized Republican Trump's recent...

  • NEW YORK, Oct 12- Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again. Golden, who says wagers on market calm earned him millions in the past six years, is among the investors who have kept trading complex financial products linked to the...

  • NEW YORK, Oct 15- A sharp pullback in stocks last. If you still think the corporate profit story is intact, you should be owning stocks here, said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. "When you dont have a recession, typically pullbacks can be sharp, but they tend to be short, said Brad McMillan, chief investment...

  • NEW YORK, Oct 15- In March, noted short-seller Andrew Left took a swipe at Netflix Inc's stock, calling the online video company's aggressive spending on content acquisition "unsustainable." Bearish bets against the company's $8.4 billion of junk-rated bonds have more than tripled this year to an all-time high of $347 million, according to data from Samuel...

  • ROME, Oct 15- The approval of Italy's 2019 budget will slip by one day to Tuesday, Deputy Prime Minister Matteo Salvini said on Monday. The cabinet was initially due to approve the measure, which envisages a jump in the country's deficit, on Monday, but government sources said there were tensions between the ruling coalition parties over plans for a partial tax...

  • Spot gold was up 1.1 percent at $1,231.45 an ounce by 0958 GMT, having touched their highest since July 26 at $1,233.26. "Gold has now got a stronger tailwind from a flight to safety from risky assets," said Quantitative Commodity Research analyst Peter Fertig. Global stocks were under pressure, with European shares falling to a 22- month low, weighed down by factors...

  • BLACKROCK SAYS CEO LARRY FINK WILL NOT ATTEND SAUDI ARABIA INVESTOR CONFERENCE AMID CONCERNS OVER MISSING JOURNALIST- SOURCE.

  • JOHANNESBURG, Oct 15- South Africa's rand firmed against the dollar on Monday while stocks fell, tracking weaker Asian stocks amid worries that trade war tensions were starting to take a toll on economic growth in China. Moody's delay in giving decision on our sovereign debt staved off risk-off sentiment and rather prompted risk sentiment, "said Afrifocus...

  • Oct 15- Saudi Arabia's King Salman has ordered an investigation into the disappearance of journalist Jamal Khashoggi, Bloomberg reported on Monday, citing a kingdom official.

  • BUDAPEST, Oct 15- The zloty firmed and Polish government bonds outperformed Central European peers on Monday after Standard& Poor's upgraded the country's rating to' A- "late on Friday. The last time Poland held that rating before a shock downgrade was in January 2016, months after the current government led by the conservative PiS party took power.

  • DUBAI, Oct 15- Saudi Arabia's currency fell to its lowest level in two years and its international bond prices slipped on Monday over fears that foreign investment inflows could shrink as Riyadh faces pressure over the disappearance of journalist Jamal Khashoggi. Trade in the forward currency market, used by banks to hedge investments, suggested some...

  • SAUDIS BEGIN INTERNAL INVESTIGATION INTO KHASHOGGI DISAPPEARANCE- BLOOMBERG.

  • NEW YORK, Oct 15- When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. While most of the tax law changes that were signed at the end of 2017 are in effect for the current tax year, the divorce disruption does not kick in until Jan. 1, 2019. Divorce attorney Malcolm Taub, of Davidoff Hutcher&...

  • WASHINGTON, Oct 15- The economic divide between affluent U.S. cities and suburbs and the ailing, often rural, areas where blue collar and middle-tier service jobs are the norm grew wider after the onset of the Great Recession, a Washington- based think tank said on Monday. The crisis and ensuing rebound saw a "reshuffling" of jobs, entrepreneurial energy, and human...

  • NAIROBI, Oct 15- Google, said on Monday it would offer Motorbike Mode on Google Maps in Kenya, offering the voice navigation service for bike riders in Africa for the first time. "With Google Maps' new Motorbike Mode, users across Kenya will now be able to get directions and turn-by-turn navigation, to suggest routes that are more efficient," it said.

  • *IMF expected to push Pakistan to make some hard choices. ISLAMABAD, Oct 12- From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund pose a major headache for populist new Prime Minister Imran Khan. Talks with the IMF have been launched and...

  • LONDON, Oct 15- Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. Governor Mark Carney, who has put climate change issues on the BoEs regulatory radar, said last month that lenders had failed to grasp the scale of the...

  • *European stocks sink after China, Japan again weaken. LONDON, Oct 15- World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Asia had seen Japan's Nikkei and China's main bourses take fresh tumbles on trade and...