CNBC Utilities Page Wires

  • SINGAPORE, Dec 17- The dollar held near a 19- month high on Monday, bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetite for riskier assets such as stocks and Asian currencies. Weaker-than-expected economic data out of China and Europe and fears of a possible U.S. government shut down spooked investors away from...

  • "Despite OPEC and Russia agreeing to reduce oil production by a further 1.2 million barrels per day at the recent OPEC meeting, prices have fallen as the market awaits evidence that the cuts will balance the market," ANZ Bank said on Monday. The Organisation of the Petroleum Exporting Countries and its Russia- led allies have agreed to curb output from January by...

  • OTTAWA, Dec 16- Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request. Secretary of State Mike Pompeo said on...

  • ROME, Dec 17- Italy's coalition government has agreed on the "numbers and contents" of the budget it will propose to Brussels in a bid to avoid disciplinary action over its plans to hike deficit spending next year, a League party spokeswoman said on Monday. But a final deal with Brussels had yet to be reached, and the government sat down on Sunday evening to a marathon...

  • LONDON, Dec 17- British transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. Britain is due to leave the European Union in March next year, but uncertainty over how, or even if, Brexit will happen has increased the possibility of the country exiting...

  • SHENZHEN, China, Dec 14- For four years at the turn of the century, Wang Zhaohong worked on a demolition crew in Shenzhen, clearing the way for the once-tiny border village to become a bustling metropolis. Without proper safety equipment, he and his colleagues from a remote county in Hunan province inhaled so much construction dust during Shenzhen's development...

  • Dec 16- EQT Corp's board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge. The Rice family sold its company Rice Energy Inc to EQT for $6.7 billion in cash and stock last year.

  • OTTAWA, Dec 16- Canadian Prime Minister Justin Trudeau, speaking in an interview that aired on Sunday, said for the first time that his Liberal government was looking for a way out of a multibillion-dollar arms deal with Saudi Arabia. Political opponents, citing the killing of journalist Jamal Khashoggi and Saudi Arabia's involvement in the Yemen war, insist...

  • RUCHENG COUNTY, China, Dec 16- In the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked by a diorama of Red Army soldiers and traditional brick-and-tile homes with curved roofs. Officials have spent a small fortune on the project that has transformed the village of...

  • BEIJING, Dec 15- Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity. Average new home prices in China's 70 major cities rose 0.9 percent in November from a month earlier, slower than the previous month's 1 percent...

  • *China economists, govt advisers beat drum for faster reforms. *U.S. demands China shift away from state-led model. BEIJING, Dec 14- China's trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world's second-largest economy and the freeing of a private sector stifled by...

  • *Payments made via Netherlands unit under scrutiny- sources. YOKOHAMA, Japan, Dec 15- Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal' CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry...

  • OTTAWA, Dec 16- Canadian diplomats were granted consular access on Sunday to the second of two men detained by China over the past week, the foreign ministry announced in a statement that gave few details. Canadian Ambassador John McCallum met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese...

  • PARIS, Dec 16- Renault requested a full Nissan shareholder meeting, a source close to the company said- appearing to escalate the carmaker's standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn. Thierry Bollore, the French group's deputy CEO, issued the demand in a Dec. 14 letter to Nissan, the source said...

  • MEXICO CITY, Dec 16- Mexico's new government aims by mid-February to put out tenders for the first four sections of a planned railway connecting the southeast of the country to Caribbean resorts, President Andres Manuel Lopez Obrador said on Sunday. At a ceremony in southern Mexico to mark the start of work on the so-called Mayan Train project, Lopez Obrador said...

  • NEW YORK, Dec 16- A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions. The call, led by the New York State Common Retirement Fund and the Church Commissioners of England, comes in the wake of shareholder...

  • PARIS, Dec 16- France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP next year and stand at around 3.2 percent, Prime Minister Edouard Philippe told Les Echos newspaper in an interview. France is expected to breach the deficit ceiling after President Emmanuel Macron made concessions to anti-government protesters...

  • FRENCH PRIME MINISTER PHILIPPE SAYS BUDGET DEFICIT OF FRANCE LIKELY TO STAND AT AROUND 3.2 PCT IN 2019- LES ECHOS.

  • Dec 16- Renault SA has sent a letter to its alliance partner Nissan Motor Co Ltd, urging the Japanese carmaker to call a meeting of its shareholders "as promptly as practicable", the Wall Street Journal reported on Sunday. Renault deputy Chief Executive Officer Thierry Bollore sent a letter dated Dec. 14 to Nissan CEO Hiroto Saikawa, saying the indictment of Nissan...

  • LOS ANGELES, Dec 16- "Spider-Man: Into the Spider-Verse" is the new box office king, collecting a solid $35.4 million during its first three days of release. Another weekend release, Warner Bros.' "The Mule," snagged second place with $17 million. In addition to Eastwood, "The Mule" cast includes Bradley Cooper, Laurence Fishburne, Michael Pena, and Dianne Wiest.