CNBC Utilities Page Wires

  • *Yang Woong- chul, Kwon Moon- sik offer to leave. The move, first reported by Reuters on Tuesday and confirmed by the Hyundai Motor Group on Wednesday, is part of preparations for generational change in the executive ranks at South Korea's second-largest family-owned business empire. It follows the promotion of Euisun Chung in September to Hyundai Motor's...

  • MANILA, Dec 12- The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism. The 2019 growth outlook for Central Asia was raised to 4.3 percent, from the September projection of 4.2...

  • *Spot gold inched up 0.1 percent to $1,244.40 per ounce, as of 0115 GMT. President Donald trump sounded upbeat about a trade deal with China. *China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for new talks aimed at easing the bitter trade war...

  • WASHINGTON, Dec 11- President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials. Trump told Reuters in an interview that the Chinese government was "back in the market" to buy soybeans after a Dec. 1...

  • SINGAPORE, Dec 12- U.S. oil prices climbed on Wednesday, supported by expectations that an OPEC- led supply cut announced last week for 2019 would stabilize markets. Analysts said a decision by the Organisation of the Petroleum Exporting Countries and some non- OPEC producers including Russia to cut supply by 1.2 million barrels per day would likely stabilize...

  • *Protectionism poses long-term risk to Japan capex. TOKYO, Dec 12- Japan's core machinery orders rose less than expected in October following an earthquake in the previous month, pointing to more subdued capital expenditure as trade protectionism poses risks for the economy. The rebound in machinery orders could be short-lived as the U.S.- China trade war,...

  • TOKYO, Dec 12- The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. yields and weakness of the pound as its battering from uncertainty about Brexit continued. "In addition to higher Treasury yields, the weakening pound is providing a key boost to the dollar," said Yukio Ishizuki, senior forex strategist at Daiwa...

  • EXCLUSIVE-TRUMP SAYS IT WOULD BE FOOLISH FOR FEDERAL RESERVE TO RAISE RATES NEXT WEEK.

  • JAKARTA, Dec 11- Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare test of global norms on the probe's independence. Indonesian investigators told Reuters budgetary constraints and the need for approvals had...

  • CHICAGO, Dec 11- Chicago will not immediately pursue the issuance of up to $10 billion of pension bonds to buoy its underfunded retirement system, under steps Mayor Rahm Emanuel will outline to the city council on Wednesday, a city hall source said on Tuesday. Chicago's unfunded pension liability was $27.6 billion in 2017 with a funded ratio of only 26.5 percent...

  • TOKYO, Dec 11- The Bank of Japan has purchased just over a record 6 trillion yen worth of exchange-traded funds this year, central bank data showed on Tuesday, reaching its target still with three weeks to go before the end of the year. It also bought 1.2 billion yen in ETFs comprising stocks issued by firms that are proactively investing in physical and human...

  • MEXICO CITY, Dec 11- The Mexico City Airport Trust on Tuesday said it would offer investors a better deal to repurchase bonds issued to finance a new airport which the recently-inaugurated president has said he would scrap. On Tuesday, the airport trust that issued the bonds said in a statement it was now offering to buy up the notes at a fixed price of $1,000 per...

  • McDonald's becomes the biggest beef buyer to tackle the issue in cattle, potentially creating a new standard for livestock producers and threatening sales by drug companies such as Merck& Co and Elanco Animal Health. "McDonald's iconic position and the fact that they're the largest single global purchaser of beef make it hugely important," said David Wallinga,...

  • TOKYO, Dec 12- Japan's core machinery orders rose a less-than-expected 7.6 percent in October, government data showed on Wednesday, in a sign of a slow rebound from an earthquake and flooding the previous month. The median estimate was for a 10.5 percent increase. Compared with the year earlier, core orders, a highly volatile data series regarded as an indicator of...

  • SAO PAULO, Dec 11- Brazil's fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, which could prevent the carrier from continuing to operate. Latin American airlines, which have to pay a large part of their routine expenses- including fuel- in dollars...

  • WASHINGTON, Dec 11- President Donald Trump on Tuesday announced two nominees for top posts at a U.S. financial markets regulator and the federal housing agency. Trump will nominate Heath Tarbert, a senior Treasury Department official, to be the next chairman of the Commodity Futures Trading Commission, the White House said in a statement. Mark Calabria,...

  • *EXEC- ACCELERATING AERIE STORE GROWTH TO 60 TO 70 OPENINGS NEXT YEAR- CONF CALL. *Q3 GROSS MARGIN SLIGHTLY OFFSET BY HIGHER DELIVERY COST DUE IN PART TO INCREASED DIGITAL TRANSACTIONS- CONF CALL. *WE ARE ON TRACK TO OPEN ROUGHLY 40 AERIE STORES THIS YEAR AND 5 AE STORES NET OF CLOSURES- CONF CALL.

  • Dell said its Class C shares are expected to begin trading on the New York Stock Exchange on Dec. 28. The company sweetened the offer for the VMware tracking stockholders to $23.9 billion from $21.7 billion in November, helping it win backing from shareholders, including Carl Icahn, who had opposed the initial offer. The deal, announced in July, allows Dell to become...

  • VANCOUVER/ BEIJING, Dec 11- A Canadian court on Tuesday granted bail to a top executive of Chinese telecoms giant Huawei Technologies Co Ltd while she awaits a hearing for extradition to the United States, a move that could help placate Chinese officials angered by her arrest. She must remain in Canada and be subject to electronic monitoring and security when she...

  • WASHINGTON, Dec 11- Google has "no plans" to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday amid increased scrutiny of big tech firms. Google's main search platform has been blocked in China since 2010, but the Alphabet Inc unit has been attempting to make new...