CNBC Utilities Page Wires

  • PARIS, Jan 24- French President Emmanuel Macron on Thursday saluted the courage of Venezuelans marching for freedom but stopped short of backing the country's opposition leader Juan Guaido who declared himself interim president. "After the illegal election of Nicolas Maduro in 2018, Europe supports the restoration of democracy. Guaido proclaimed himself...

  • *STMicro margins impress, shares jump 8.8 pct. LONDON, Jan 24- European shares climbed on Thursday as better-than-expected results from chipmaker STMicro delivered a boost to the tech sector, shaking the market out of a subdued mood caused by slowing global growth. The pan-European STOXX 600 gained 0.4 percent by 0930 GMT, in line with Germany's DAX while Italy's...

  • *FTSE 100 down 0.1 pct; FTSE 250 up 0.1 pct. The FTSE 100 was 0.1 percent lower at 0939 GMT, on track for its third straight session of losses and its worst weekly performance since early December. The FTSE 250, more domestically focussed, edged higher by 0.1 percent, buoyed by financial stocks that were led by a bounce in Metro Bank after its shares crashed in the...

  • *ECB meeting eyed by emerging Europe investors. MSCI's index of developing world stocks rose half a percent, aided by gains of at least 0.4 percent in Asian heavyweights such as China and South Korea. South Africa's rand firmed 0.2 percent, to build on Wednesday's 1.1 percent gain which came on a day when data showed inflation in Africa's most industrialised...

  • BEIJING, Jan 24- Chinese regulators approved two mobile games of Tencent Holding Ltd for the first time in almost a year on Tuesday, but are yet to okay its closely awaited blockbuster title PlayerUnknown's Battlegrounds. The State Administration of Press, Publication, Radio, Film and Television approved 95 games in its fourth list since December, with two...

  • DAVOS, Switzerland, Jan 24- European Trade Commissioner Cecilia Malmstrom said on Thursday she was confident that the United States would not follow through on its threat to slap tariffs on European cars, but added that the EU was ready to respond if it did. President Donald Trump has threatened to impose tariffs on cars from around the world, as he did with...

  • DAVOS, Switzerland, Jan 24- European Trade Commissioner Cecilia Malmstrom said on Thursday she was confident that the United States would not follow through on its threat to slap tariffs on European cars, but added that the EU was ready to respond if it did. President Donald Trump has threatened to impose tariffs on cars from around the world, as he did with...

  • LONDON, Jan 24- British finance minister Philip Hammond has pulled out of an event at the World Economic Forum in Davos, Switzerland, the Financial Times reported on Thursday. Hammond had been due to appear along side the prime ministers of Ireland, the Netherlands and Poland at a discussion over the future of Europe. The finance ministry had no immediate comment...

  • DAVOS, Switzerland, Jan 24- Microsoft Chief Executive Satya Nadella said on Thursday that with the growth of facial recognition technology, he would "welcome regulation that will help the marketplace not be a race to the bottom." Nadella said there is no discrimination now between right and wrong use of the technology, which has drawn concern from civil liberties...

  • OSLO, Jan 24- Norway's central bank left its main interest rate unchanged at 0.75 percent on Thursday, as expected, and reiterated plans to raise them in March, in line with its previous forecast. "The outlook and the balance of risks imply a gradual increase in the policy rate," Norges Bank said, echoing a report last month where it laid out plans to raise rates twice in...

  • MOSCOW, Jan 24- Russia on Thursday warned the United States not to intervene militarily in Venezuela, a close ally of Moscow's, saying such a move would trigger a catastrophe. In an interview with Russian journal International Affairs published on Thursday, Sergei Ryabkov, Russia's Deputy Foreign Minister, said Moscow would stand with Venezuela to protect its...

  • LONDON, Jan 24- European finance ministers have rejected a proposal to ease new liquidity rules for banks trading gold, the London Bullion Market Association said. Due to take effect in the European Union around 2022, they form part of regulations known as Basel III designed to make banks more stable and prevent a repeat of the financial crisis a decade ago.

  • LONDON, Jan 24- Sterling consolidated gains on Thursday after rocketing to a 11- week high overnight on growing optimism that British lawmakers would be able to avoid a no-deal Brexit. On Thursday, the British currency edged a fifth of a percent lower at $1.3038 after briefly scaling a 2-1/ 2 month high of $1.3094 in the Asian session. It was trading just below a key...

  • *Analysts skeptical of strong Hyundai earnings recovery this yr. SEOUL, Jan 24- South Korea's Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market. Hyundai has been grappling with the lack of attractive models and strong branding in China, its biggest...

  • ZURICH, Jan 24- Kuehne und Nagel International AG is not seeking a mega-merger with Panalpina, the target of a $4 billion- plus approach from Denmark's DSV, majority shareholder Klaus-Michael Kuehne told the Handelszeitung paper. Panalpina stock had risen more than a third since DSV's tentative bid last week, which at that point was worth 170 francs per share, or 4...

  • Imposition of the tariffs would imply that the European Union was a national security threat to the United States, which the 28- nation bloc could not accept, Malmstrom said during a panel event at the World Economic Forum in Davos.

  • Imposition of the tariffs would imply that the European Union was a national security threat to the United States, which the 28- nation bloc could not accept, Malmstrom said during a panel event at the World Economic Forum in Davos.

  • BERLIN, Jan 24- Germany's finance ministry holds talks with Commerzbank in connection with its holding in the lender, the ministry said, when asked to comment on a report that the finance minister had met with representatives of the bank to discuss a potential merger with Deutsche Bank. "Apart from that, the finance minister and state secretaries, as part of their...

  • *FTSE 100 down 0.3 pct; FTSE 250 up 0.1 pct. Jan 24- Britain's FTSE 100 was lower in early trade on Thursday, underperforming its European peers, as weaker crude prices dragged oil majors lower and telecom Vodafone and pest control company Rentokil were hurt by weak sector earnings. On track for its third straight session of losses, the FTSE 100 was 0.3 percent lower...