CNBC Utilities Page Wires

  • VANCOUVER, Dec 11- A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies is set to return to a Vancouver courtroom for a bail hearing that has angered Beijing. It was not immediately clear if the cases were related, but Canadian analysts had already...

  • Modi's Hindu nationalist Bharatiya Janata Party lost power to the opposition Congress in three big heartland states, where agriculture is still a mainstay, according to vote counting on Tuesday. To claw back support among India's 263 million farmers and their many millions of dependents, Modi's administration would soon start working out the details of a...

  • *Libya's National Oil Company declares force majeure. *Russia outlines gradual cut as part of OPEC+ deal. LONDON, Dec 11- Oil rose almost $1 on Tuesday, recovering some of the previous session's losses with the help of gains in global stocks, a slightly weaker dollar and an outage hurting Libyan production.

  • LONDON, Dec 11- Coffee futures on ICE fell on Tuesday to their lowest in nearly 2-1/ 2 months as ample supplies and lackluster buying weighed on prices, while London cocoa eased as the British pound steadied. *March arabica coffee was down 1.55 cents, or 1.5 percent, at $1.0360 per lb at 1425 GMT, its weakest since late September. *March robusta coffee fell $13, or 0.8...

  • Dec 11- U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China. The Dow Jones Industrial Average rose 296.65 points, or 1.21 percent, at the open to 24,719.91. The S&P 500 opened higher by 26.72 points, or 1.01 percent, at 2,664.44.

  • WASHINGTON, Dec 11- U.S. lawmakers have reached an agreement on a farm bill that drops a proposal to tighten food stamp restrictions backed by President Donald Trump and offers some financial certainty to farmers suffering from the U.S. trade war with China. The final text shows Republicans in the lame duck Congress had to walk back from some demands, the biggest...

  • *U.S.- China discuss road map for trade talks. *Trump says China trade talks' very productive'. Dec 11- Wall Street was set to open sharply higher on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the world's two biggest economies that have roiled the markets for months.

  • HAVANA, Dec 11- U.S. travel to Cuba is bouncing back a year after Hurricane Irma and the Trump administration delivered a one-two punch to visits by Americans to the once-forbidden island, according to data from the Cuban Tourism Ministry. The number of Americans traveling to Cuba through September totaled 460,646, according to ministry figures seen by...

  • Dec 11- Verizon Communications Inc will take a charge of $1.8 billion to $2.1 billion in the current quarter as nearly half of the layoffs announced on Monday will come into effect in December, the U.S. wireless carried said https://www.sec.gov/Archives/edgar/data/732712/000073271218000060/a12-118xk. htm. The New York based-company, which had 152,300...

  • Dec 11- Latin American currencies strengthened against a broadly weaker U.S. dollar on Tuesday, while Brazil's main equity index jumped after three days of losses as risk sentiment improved on news of continued trade talks between the United States and China. Beijing and Washington discussed a road map for the next stage of their trade talks, during a telephone...

  • *China, U.S. discuss road map for next stage talks. BEIJING, Dec 11- China and the United States discussed a road map for the next stage of their trade talks on Tuesday during a telephone call between Vice Premier Liu He, U.S. China's commerce ministry said in a statement Liu had spoken to Mnuchin and Lighthizer early on Tuesday, Beijing time, on a prearranged telephone...

  • *Producer price index rises 0.1 percent in November. WASHINGTON, Dec 11- U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. The Labor Department said on Tuesday its producer price index for final demand edged...

  • However, China's exports of aluminum products are still accelerating, with outbound flows on track to set a new record this year. Indeed, the tariffs wall may itself be leaking, with the Aluminum Association concerned about how the Department of Commerce is dealing with the multiple requests for exclusions. Graphic on China's exports of semi-manufactured...

  • However, China's exports of aluminium products are still accelerating, with outbound flows on track to set a new record this year. Indeed, the tariffs wall may itself be leaking, with the Aluminum Association concerned about how the Department of Commerce is dealing with the multiple requests for exclusions. Graphic on China's exports of semi-manufactured...

  • Dec 11- Verizon Communications Inc expects to take charges of $1.8 billion to $2.1 billion in the current quarter for job cuts announced on Monday, the U.S. wireless carrier said.

  • *European stocks jump on hopes of U.S.- China detente. A report China is moving to cut import tariffs on American-made cars drove European stocks to extend gains strongly as auto stocks jumped and the market interpreted this as a sign China is ready to make concessions on trade. The report came after China's Vice Premier Liu He exchanged views on the next stage of...

  • Dec 11- Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter. European auto stocks also rallied 2.8...

  • ROME, Dec 11- Italy's coalition parties are resisting any major reduction to next year's deficit target, complicating efforts to avoid EU disciplinary action over the 2019 budget, a government source said on Tuesday. The European Commission has rejected Rome's budget, which predicts the deficit will rise to 2.4 percent of gross domestic product in 2019 from...

  • 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...

  • PARIS, Dec 11- French sugar group Tereos plunged to a first-half loss of almost 100 million euros, hit by a steep fall in sugar prices, and said it expected to be in the red across its full financial year for the second year running. World sugar prices have dropped to their lowest in a decade this year amid a surge in supplies, partly driven by more output from the...