CNBC Utilities Page Wires

  • LISBON, Feb 21- The crew aboard a Venezuelan oil tanker that has been stuck in the middle of the river Tagus in Portugal's capital Lisbon for nearly two years due to unpaid debt is set to be dismissed, managers Bernhard Schulte Shipmanagement said on Thursday.

  • In reply to a question about the contracts, known in the industry as "farm-outs," Lopez Obrador said the country would not offer more for the time being. "Until they extract oil, those who received these contracts, that's the agreement, when they start to produce we will review the possibility of continuing these contracts," Lopez Obrador said in his morning news...

  • STOCKHOLM, Feb 21- Sweden's and Estonia's financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday. A television report on Sweden's public broadcaster SVT on Wednesday alleged that money laundering could have occurred in relation to at...

  • TANKER OPERATOR BERNHARD SCHULTE SHIPMANAGEMENT SAYS CREW ABOARD TWO VENEZUELAN TANKERS ANCHORED IN PORTUGAL TO ABANDON VESSELS OVER UNPAID FEES.

  • *UK MPs may get vote on new Brexit deal next week. LONDON, Feb 21- Euro zone government bond yields rose after surveys showed business activity was surprisingly firm in February, on hopes of a new Brexit deal and as the market continued to digest the latest FOMC minutes. Corresponding surveys for Germany and the euro zone as a whole showed more of a mixed picture,...

  • *Investors focus on U.S.- China trade talks. Spot gold fell 0.6 percent to $1,330.71 per ounce at 11:12 a.m. ET, having hit $1,346.73 in the previous session, its highest since April 19. "Most people had expected the Fed to remain dovish through the end of the year," said David Meger, director of metals trading at High Ridge Futures.

  • BUDAPEST/ WARSAW, Feb 21- The Polish zloty rebounded against Hungarian forint on Thursday as investors saw an earlier fall on a divergence in monetary policies between the two countries as overdone. The Czech crown had made mild gains against the euro by 1452 GMT from an earlier easing, but otherwise Central European currencies were little changed against the...

  • NEW YORK, Feb 21- The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc,...

  • Feb 21- Wendy's 2019 profit outlook fell short of Wall Street forecasts, as the burger chain steps up spending on digital initiatives in efforts to lure more customers in a crowded U.S. fast-food market. In the quarter ended December, it launched S'Awesome cheeseburgers and $5 junior bacon cheeseburgers, while last year it began offering "4 for $4" meal deals to...

  • LONDON, Feb 20- A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. The European Central Bank's banking supervisor has flagged troubled non-performing loans in 2019 as "a concern for a significant number of euro area...

  • JOHANNESBURG, Feb 21- South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients' lifestyle behaviours, could be applied to more traditional businesses. "We believe there is an opportunity there, it is being worked on," CFO Deon Viljeon told Reuters in an...

  • Feb 21- Global grains merchant Bunge Ltd reported a fourth-quarter loss on Thursday after a truce in the U.S.- China trade war ruined the company's bets on Brazilian soy, sending shares down to a three-year low. Shares of the White Plains, New York- based company dropped 4.2 percent to $50.41. Brazilian soy prices had swelled to a large premium to U.S. beans after...

  • SAO PAULO, Feb 21- The governor of Brazil's Sao Paulo state said on Thursday he would help Ford Motor Co find a buyer for its oldest plant in the country, which is slated to be closed this year as part of the automaker's global reorganization. The clear solution to keep the jobs is to sell the plant, said recently elected Governor Joao Doria. Brazil is South America's...

  • BREMEN, Germany, Feb 21- Ariane 6, Europe's next-generation space rocket, is expected to win its first two commercial launch orders in coming weeks, company officials said, a key milestone as the European launcher vies for orders against Elon Musk's U.S. competitor SpaceX. Japan and India also pose a growing challenge. Ariane 6 has three institutional orders in...

  • CARACAS, Feb 21- Venezuelan opposition leader Juan Guaido left Caracas with some 80 lawmakers on Thursday on a 800- km trip to the Colombian border where they hope to receive food and medicine to alleviate shortages in defiance of President Nicolas Maduro. "Through this call for humanitarian aid, the population will benefit from the arrival of these goods to the...

  • BRUSSELS, Feb 21- The European Union needs to issue joint bonds to strengthen its capital markets union project and to make the euro stronger, European Central Bank policymaker Ewald Nowotny said on Thursday. Nowotny, who is also governor of the Austrian central bank, said Europe would need "some kind of eurobonds" and would need to start with short-term eurobills...

  • *Zimbabwe needs influx of forex to stabilise economy. HARARE, Feb 21- Zimbabwe's decision to scrap a peg between its quasi-currency bond notes and the U.S. dollar brings a welcome end to a failing monetary policy, but it is not the solution to a deeper crisis, economists said on Thursday. The Reserve Bank of Zimbabwe on Wednesday said it would carry out a "managed float"...

  • *Nigeria signals willingness to limit output. Losses were capped by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran. West Texas Intermediate crude oil futures fell 17 cents to $56.99 a barrel by 10:26 a.m. EST after touching a 2019 high of $57.55 the previous day.

  • In reply to a question about the contracts, known in the industry as "farm-outs," Lopez Obrador said the country would not offer more until existing projects began producing oil. Lopez Obrador is betting on raising oil production through service contracts mainly with Mexican companies to squeeze more oil from existing shallow water and onshore fields.