CNBC Utilities Page Wires

  • BEIJING/ MELBOURNE, March 26- London copper prices drifted in Asian trade on Monday as fears of a recession in the United States were offset by a supply disruption at a key copper mine in Peru. The most traded May copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 48,250 yuan a tonne. *PERU: Chinese copper miner MMG will declare force majeure...

  • NUR-SULTAN, March 26- Kazakhstan's central bank will aim to keep its policy rate at 3.0 percent to 3.5 percent above inflation, central bank Chairman Yerbolat Dosayev said on Tuesday.

  • *Winters says U.S.- China trade tensions are "receding a bit". "China has taken modest actions to re-stimulate the economy," Winters said at the Credit Suisse Asian Investment Conference in Hong Kong on Tuesday. China has hit back with tariffs on about $110 billion worth of U.S. goods, including soybeans and other commodities.

  • *Snow in Dakota threatens to cause planting delays. SYDNEY, March 26- U.S. wheat futures rose more than 0.5 percent on Tuesday to hit a one-month high as adverse weather in a major producing region stoked fears about potential planting delays. The most active wheat futures on the Chicago Board Of Trade were up 0.6 percent at $4.72-1/ 2 a bushel by 0254 GMT, just off the...

  • China is committed to providing foreign investors and companies with a more open and transparent business environment, along with guarantees of intellectual property rights protection and no forced technology transfers, Li told the executives the sidelines of the China Development Forum. The premier also answered questions on U.S.- China trade...

  • TOKYO, March 26- Japan's Nikkei bounced from five-week lows on Tuesday morning as cyclical stocks rose on short-covering following a sell-off the previous day driven by fears of a sharp global economic slowdown. Analysts said that risk aversion eased somewhat after a slide in Wall Street had paused overnight, but concerns about a U.S. recession lingered.

  • HONG KONG, March 26- Standard Chartered PLC Chief Executive Bill Winters said on Tuesday fears over a growth slowdown in China's economy and the impact of the U.S.- China trade tensions are "receding a bit". Winters was speaking at the Credit Suisse Asian Investment Conference in Hong Kong. The trade dispute, which began some eight months ago, has affected the flow...

  • *Co cites slowing demand for chips, display panels. SEOUL, March 26- Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance. The firm was forecast to post a 7.2 trillion won operating...

  • SEC, Says Musk Is Not Seeking An Evidentiary Hearing@. *LAW FIRM HUESTON HENNIGAN, WHICH REPRESENTS ELON MUSK IN CASE BROUGHT BY U.S. SEC, SAYS MUSK IS NOT SEEKING AN EVIDENTIARY HEARING- COURT FILING Further company coverage:.

  • *Spot gold was unchanged at $1,321.74 per ounce as of 0123 GMT, after touching its highest since Feb. 28 at $1,324.33 in the previous session. *Germany's benchmark 10- year bond yield slid back into negative territory on Monday as worries over Brexit saw investors rushing for safe haven assets, tempering the impact of a surprise rise in business sentiment which...

  • TOKYO, March 26- Asian shares were shaky on Tuesday after U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade after two days of losses. Japan's Nikkei rebounded 1.1 percent after a 3.0 percent fall on Monday.

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. SINGAPORE, March 26- Oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela, but analysts warned that signs of a sharp economic slowdown could soon drag on crude markets. Prices have also been driven up by U.S. sanctions on oil exporters...

  • SYDNEY, March 26- U.S. wheat futures rose on Tuesday to hit a one-month high as adverse weather across a major North American producing region stoked fears about potential planting delays. *The most active wheat futures on the Chicago Board Of Trade were up 0.5 percent at $4.71-3/ 4 a bushel by 0031 GMT, just off the session high of $4.74-1/ 2 a bushel- the highest since...

  • LONDON, March 25- Hedge funds bought another 65 million barrels of petroleum futures and options in the week to March 19, taking total purchases over the last 10 weeks to 384 million barrels, according to reports published on Friday. Hedge funds and other money managers have boosted their overall bullish position in the six most important derivative contracts...

  • RIO DE JANEIRO, March 25- Brazilian state prosecutors and public defenders in the state of Minas Gerais have won a bid to freeze assets worth 2.95 billion reais belonging to Vale, which has been struggling since a lethal dam rupture at one of its mines, the company said in a filing on Monday. According to the filing, the decision was based on ensuring compensation for...

  • TOKYO, March 26- Bank of Japan policymakers debated the feasibility of ramping up monetary stimulus at their rate review this month as heightening overseas risks weighed on the country's fragile economy, a summary of opinions of the meeting showed on Tuesday. "In the current situation where downside risks are materializing, the BOJ should be prepared to make...

  • 26- Mar United States Sale of 2- year notes. 26- Mar Italy CTZ/BTPi auction 26- Mar Japan Auction of 40- year government bonds 26- Mar Germany Auction of 2- year Treasury notes 27- Mar United States Sale of 2- year floating rate notes 27- Mar United States Sale of 5- year notes 27- Mar Italy Bills auction 27- Mar Sweden Auction of government bonds 27- Mar Norway...

  • *Global energy demand grows, coal use in Asia up. LONDON, March 26- Global energy-related carbon emissions rose to a record high last year as energy demand and coal use increased, mainly in Asia, the International Energy Agency said on Tuesday. The United States' CO2 emissions grew by 3.1 percent in 2018, reversing a decline a year earlier, while China's emissions...

  • "It's a good value," said Merrill Brown, a media consultant and founder of The News Project, which is building technology for news providers. Conde Nast- publisher of the New Yorker, Vogue and Wired magazines- will include the full load of stories from each print issue of its titles, plus other curated content on Apple News+. Conde Nast said it believes its current...