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CNBC Utilities Page Wires

  • LONDON, April 26- More than 40 companies, including Britain's biggest supermarkets, Coca Cola, Nestle and Procter& Gamble, have bowed to growing pressure to tackle pollution by committing to cut plastic use over the next seven years. Signing up to the UK Plastics Pact, launched on Thursday by sustainability campaign group WRAP, they have pledged that 100 percent of...

  • MOSCOW, April 26- Russia's Norilsk Nickel has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminum giant Rusal, said its 2018 output forecast from its main...

  • LONDON, April 25- World markets entered 2018 speculating that the most synchronized global economic expansion in a decade was about to overheat but growth has since proved underwhelming. While missile strikes and threats of a global trade war have hogged the headlines, it's an unexpected loss of economic momentum, particularly in Europe, that has frightened...

  • *Autos gain on report China to halve duty on car imports. LONDON, April 26- Encouraging results and a recovery among industrials helped European stock markets on Thursday, while earnings disappointments weighed heavily on some stocks including Germany's Lufthansa and Kion. As investors sifted through the heaviest week of earnings season, JP Morgan equity...

  • BERLIN, April 26- Germany expects U.S. tariffs on steel imports to take effect from May 1, when a temporary exemption expires, a senior German official said on Thursday before Chancellor Angela Merkel flies to Washington for talks with U.S. "May 1 is very close now. From today's point of view, they will probably come, "the official said, adding that Germany still aimed to...

  • PARIS, April 26- Engie CEO Isabelle Kocher said the utility had considered buying independent power retailer Direct Energie but decided against it. "We knew they were going to sell at some point... but we did not need to buy an entry ticket into the French power market, we are already there," she said. She also said that the company has no plans to split up in the manner of...

  • *British Airways owner IAG wants to buy Norwegian Air. OSLO, April 26- A number of groups have expressed interest in Norwegian Air after British Airways-owner IAG said it may want to buy the budget carrier, Norwegian chief executive and founder Bjoern Kjos told Reuters on Thursday. Shares in Norwegian Air were up 9.5 percent at 0830 GMT.

  • April 26- Hong Kong shares fell on Thursday as Chinese technology companies listed in the city tumbled after a U.S. probe of Huawei deepened fears that the sector could suffer from rising trade tensions between Beijing and Washington. **U.S. prosecutors in New York have been investigating whether Chinese technology company Huawei violated U.S. sanctions in...

  • BEIJING, April 26- Some of China's top refineries will shut in May and June for maintenance, cutting nationwide throughput by some 10 percent and dampening oil demand in the world's largest crude importer after record run levels in March, according to a Reuters survey. At least six state-owned and private refiners are planning a full annual maintenance...

  • BEIJING, April 26- Some of the China's largest refineries, including Sinopec's Zhenhua Refining and Chemical Company, will shut for maintenance starting in the second quarter. The table below shows maintenance plans for 11 refineries in the second and third quarter. Shanghai Gaoqiao 13 Starting March 20 for 69 days Full.

  • AT LEAST 6 OF CHINA'S TOP OIL REFINERIES WILL SHUT IN Q2 FOR 30 DAYS OR MORE- REUTERS SURVEY.

  • SIX REFINERIES TO BE FULLY SHUT ACCOUNT FOR 10 PCT OF CHINA'S MONTHLY CRUDE RUNS- REUTERS CALCULATION.

  • *Shell profit up 42 pct to $5.3 bln. LONDON, April 26- Royal Dutch Shell reported on Thursday a 42 percent rise in first-quarter profit to its highest in more than three years on stronger oil prices and production, but its shares fell as the oil major's cash flow missed forecasts. But Shell's shares were 1 percent lower at 0755 GMT as cash flow fell short of forecasts,...

  • CANBERRA, Australia— Ford Motor Co.' s Australian subsidiary has been fined 10 million Australian dollars for mishandling customer complaints about faulty automatic transmissions in thousands of cars. The Federal Court ordered the A $10 million penalty for "unconscionable conduct" after the consumer watchdog, the Australian Competition and Consumer...

  • BRUSSELS, April 26- The European Union has started monitoring imports of aluminum to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminum in March, although the European Union and six other...

  • BRUSSELS, April 26- The European Union has started monitoring imports of aluminium to determine whether U.S. tariffs have led to a surge in shipments of the metal into Europe, the EU official journal said on Thursday. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminium in March, although the European Union and six other...

  • *GM Korea woes benefit Hyundai, imported cars. *Hyundai shares drop almost 6 percent on disappointing results. The lacklustre results serve as a reminder of how Hyundai, which has been in the red for five years, continues to struggle due to its heavy reliance on sedan sales and slow response to rising demand for sport utility vehicles in China and the United States,...

  • LONDON, April 26- BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010.. Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell, will replace Carl-Henric Svanberg, chairman of BP for almost nine...

  • BERLIN, April 26- Volkswagen's first-quarter operating profit fell on Thursday, but optimism over its new chief executive and lower diesel emissions scandal provisions lifted its shares. Two weeks after elevating brand chief Herbert Diess to group CEO as part of the biggest management shake-up in more than a decade, the German carmaker is shifting the focus...

  • LONDON, April 26- British bookshop chain Waterstones is to be acquired by Elliott Advisers, the U.S. activist hedge fund which has made its presence felt in the UK's corporate world recently by helping force the demerger of Costa Coffee amongst other shake ups. "We enter new ownership looking forward with great optimism to the next chapter in the development of...