CNBC Utilities Page Wires

  • LONDON, Dec 17- The euro recovered nearly half a percent from recent lows on Monday as the dollar slipped, with traders reluctant to push the U.S. currency much higher before the Federal Reserve's policy meeting this week. In quiet London trading, most currencies were little changed before key policy events in the United States and China. The euro weakened after...

  • EU TRADE ENVOY TELLS WTO IN SPEECH: "THE MULTILATERAL TRADING SYSTEM IS IN DEEP CRISIS AND THE UNITED STATES IS AT ITS EPICENTRE".

  • *Andreas Goss to lead Thyssenkrupp Tata Steel. FRANKFURT/ MUMBAI, Dec 17- Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership. Andreas Goss, the head of Thyssenkrupp's steel division, will become the chief executive of...

  • *Soybeans firm as U.S.- China trade tensions ease. PARIS/ SYDNEY, Dec 17- U.S. wheat futures rebounded more than 1 percent on Monday after a sharp fall in the previous session, as a jump in prices in top exporter Russia improved U.S. wheat's competitiveness on world markets. The most-active wheat futures on the Chicago Board of Trade were up 1.2 percent at $5.36-1/ 4 a...

  • *Slowing economic growth in China, Europe drags on oil markets. "Oil prices are regaining some ground on the back of bullish rhetoric from OPEC officials," said Stephen Brennock, analyst at London brokerage PVM Oil. OPEC and its allies have agreed to reduce output by 1.2 million barrels per day from January, in a move to be reviewed at a meeting in April.

  • *France/ Germany yield gap close to wide levels. In France, Prime Minister Edouard Philippe told the newspaper Les Echos the deficit was likely to overshoot the EU limit of 3 percent of GDP next year to around 3.2 percent. "The focus is a bit more on France now- investors are waiting for the revision of the French deficit after the spending measures announced by Macron,"...

  • SAO PAULO, Dec 17- Brazil's Embraer said on Monday it had finalized the terms of a proposed deal to sell 80 percent of its commercial aviation business to Boeing, now valuing the division at $5.26 billion. As originally announced in July, the deal valued Embraer's commercial division at $4.75 billion. Embraer now expects it will receive $3 billion from the deal,...

  • BRUSSELS, Dec 17- European Union antitrust regulators fined U.S clothing company Guess 40 million euros on Monday for illegally blocking cross-border sales in Europe, part of a crackdown against illegal practices blocking e-commerce in the EU. The European Commission said Guess' distribution deals with retailers restricted them from using the Guess brand...

  • LONDON, Dec 17- The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won't be long before rate cuts are on the table. That's the message being sent out by the latest twists to hedge fund positioning at the short end of the U.S. President Donald Trump has publicly slated Fed...

  • *Malaysia files charges against two former Goldman bankers. KUALA LUMPUR, Dec 17- Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank's former employees in connection with an investigation into suspected corruption and money laundering at state fund 1 MDB. Malaysia will seek jail terms as well as billions in fines from...

  • MILAN, Dec 17- An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials. Italy's Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that spawned one of the industry's largest...

  • "It is much healthier and we do a better job if we're not working crazy hours," said Jan Schulz-Hofen, founder of Berlin- based project management software company Planio, who introduced a four-day week to the company's 10- member staff earlier this year. Britain's Trades Union Congress is pushing for the whole country to move to a four-day week by the end of the...

  • LONDON, Dec 17- Copper and most other base metals slipped on Monday on worries that weaker global growth will curb demand, but many investors were on the sidelines ahead of key economic meetings in China and the United States. There's also no sign of any China stimulus and U.S. growth seems to have now peaked, "said Robin Bhar, head of metals research at Societe...

  • Dec 17- Alphabet Inc's Google is investing over $1 billion to establish a new campus in New York, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs. The move to invest in prime real estate in the westside of Manhattan also underscores the growing importance of New York as a hub for...

  • U.S. envoy says China's practices harming foreign companies. *U.S. has brought back "the ghost of unilateralism"- China. GENEVA, Dec 17- The United States said on Monday that China's "unfair competitive practices" were harming foreign companies and workers in a way that violates World Trade Organization rules, but vowed to lead reform efforts.

  • *Brussels wants new treaty on Swiss relations by mid-2019. BRUSSELS, Dec 17- The European Commission said on Monday it would allow Swiss stock exchanges to retain access to the EU market until the end of June, when it expects a new treaty with Switzerland to have been endorsed by Bern. Switzerland has been integrated into the EU market for decades but is not a member...

  • MILAN, Dec 17- Italian oil company Eni said on Monday it would analyse a Milan judge's comments in which she concluded that it was fully aware that its 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

  • MILAN, Dec 17- Italian oil company Eni said on Monday it would analyze a Milan judge's comments in which she concluded that it was fully aware that its 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

  • Dec 17- Evofem Biosciences Inc said on Monday its hormone-free birth control gel met the main goal in a late-stage study.

  • TO WORK ON WTO REFORMS, "THROUGH CONSULTATIONS ON EQUAL GROUNDS".