CNBC Utilities Page Wires

  • *Saudi Arabia says there is need to cut 1 mln bpd of supply. *Trump says OPEC should not cut supply. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.

  • KUALA LUMPUR, Nov 13- Malaysia wants to reclaim from Goldman Sachs Group Inc the fees the U.S. bank received for helping state fund 1 Malaysia Development Bhd raise money as well as consequential losses, Minister of Finance Lim Guan Eng said on Tuesday. He said the rate Malaysia received was about 100 basis points higher than the market rate. Goldman Sachs earned...

  • *American Airlines pilots were also unaware of issue- union. JAKARTA/ DALLAS Nov 13- Indonesian investigators said on Monday more training was needed for Boeing 737 MAX pilots after discovering the situation believed to have faced the crew of a doomed Lion Air jet was not contained in the aircraft's flight manual. Dennis Tajer, a 737 captain and spokesman for...

  • *MSCI ex- Japan off 1.4 pct, Nikkei plunges over 3 pct. SYDNEY, Nov 13- Asian shares pared losses on Tuesday as hopes for a de-escalation of the Sino-U.S. tariff war drew support from reports that China's top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries' leaders. The South China Morning Post reported, citing...

  • SHANGHAI, Nov 13- China's yuan inched up against the U.S. dollar on Tuesday morning as major state-owned Chinese banks stepped in to pluck the currency from near-decade lows, offsetting pressure from the stronger greenback. Prior to the market opening on Tuesday, the People's Bank of China lowered the midpoint rate for a fourth straight day to 6.9629 per dollar,...

  • *Yen weakens from intraday high to trade near 114/ dollar. SINGAPORE, Nov 13- The dollar traded slightly below a 16- month high versus a basket of peers on Tuesday, benefiting from save-haven flows sparked by political uncertainties in Europe and fears of a global economic slowdown. Investor confidence has been eroded by bitter trade tensions between the United...

  • SINGAPORE, Nov 13- London copper edged higher on Tuesday after slipping to a 1-1/ 2- week low earlier in the session, but aluminum and nickel stayed close to multi-month lows as investors worried over slower global demand. A stronger U.S. dollar- which makes dollar-denominated assets such as commodities costlier for holders of other currencies- and worries over...

  • SHANGHAI, Nov 13- Shares in China staged a late-morning rally to move slightly higher at the midday break, with consumer firms overcoming a drag from financial firms, while in Hong Kong tech firms reversed an early slump to trim losses in the broader index. **China's blue-chip CSI300 index was up 0.13 percent, with its financial sector sub-index higher by 0.02...

  • Vice President Mike Pence, keeping up pressure on Japan to cut its trade surplus with the United States, said on Tuesday American goods and services too often faced barriers in Japan and a bilateral trade agreement offered the best way forward. "The United States has had a trade imbalance with Japan for too long. President Donald Trump has criticized Japan over...

  • Nov 12- Amazon.com Inc plans to announce on Tuesday that it has selected New York and Northern Virginia as locations for its second headquarters, a source familiar with the matter told Reuters on Monday. The company was planning to split its second headquarters, dubbed "HQ2", evenly between two cities, and among the finalists that Amazon was holding advanced talks...

  • TOKYO, Nov 13- Japanese government bond prices edged up on Tuesday as the benchmark Nikkei share average hit a two-week low in intra-day trade, weighing on risk appetite and boosting the safe-haven appeal of debt. That, in turn, pushed yields on longer-dated JGBs lower, helping to flatten the yield curve. An auction of 700 billion yen 30- year JGBs drew solid demand...

  • AMAZON PLANS TO MAKE ANNOUNCEMENT ON TUESDAY MORNING, WILL ANNOUNCE SIGNIFICANT INVESTMENT IN ONE ADDITIONAL CITY SOURCE.

  • AMAZON HAS SELECTED NEW YORK AND NORTHERN VIRGINIA AS THE LOCATIONS FOR ITS NEW HEADQUARTERS SOURCE.

  • TOKYO, Nov 13- Japan's economy, which likely shrank in the third quarter, is set to grow more slowly in the coming year than previously thought, according to a Reuters poll of economists who cited the U.S.- China trade war as the biggest threat. Nearly all economists, 33 of 36, said downside risks to Japan's economy have increased compared with three months ago, the...

  • SYDNEY, Nov 13- U.S. wheat futures edged lower on Tuesday retreating from a three-week high touched in the previous session, but concerns over global production amid adverse weather in several major exporting countries capped the losses. The most active wheat futures on the Chicago Board Of Trade were down 0.4 percent at $5.17-3/ 4 a bushel, as of 0344 GMT.

  • AMAZON TO ANNOUNCE ON TUESDAY THE CITIES IT HAS SELECTED TO BUILD ITS "HQ2" IN- SOURCE.

  • Vice President Mike Pence told Japanese Prime Minister Shinzo Abe on Tuesday that he was looking forward to an "update" on talks about a bilateral trade agreement that President Donald Trump hopes will cut Tokyo's trade surplus with Washington. Pence, who is in Tokyo at the start of a broader Asian visit, also said he would discuss with Abe how Tokyo and Washington...

  • Nov 12- California utility PG&E Corp reported on Monday that it experienced an outage on a transmission line in the area of the raging Camp Fire early in the morning of last Thursday shortly before the fire stated. Shares of PG&E Corp, which operates in the northern part of California, dropped 16 percent on Monday, bringing its loss over two sessions to 29 percent,...

  • *American Airlines pilots were also unaware of issue- union. JAKARTA/ DALLAS Nov 13- Indonesian investigators said on Monday more training was needed for Boeing 737 MAX pilots after discovering the situation believed to have faced the crew of a doomed Lion Air jet was not contained in the aircraft's flight manual. Dennis Tajer, a 737 captain and spokesman for...

  • PG&E SAYS IT HAD TRANSMISSION LINE OUTAGE ON NOV. 8 IN AREA OF CALIFORNIA CAMP FIRE SHORTLY BEFORE FIRE STARTED.