CNBC Utilities Page Wires

  • *Since Aug. 1 Vietnam launch, captures 15 pct of Ho Chi Minh mkt. JAKARTA, Aug 17- Go-Jek, Indonesia's first billion-dollar startup, is "extremely close" to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters. Already a market leader in Indonesia, where it processes more than 100 million transactions for...

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist governments petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country. The worst of all worlds, said Venezuelan economist Asdrubal Oliveros of consultancy...

  • SHANGHAI, Aug 18- China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate supervision. In a posting on its website, the State Administration for Market Regulation said that among officials...

  • Aug 17- Please be advised that VENEZUELA- CURRENCY has been changed to VENEZUELA- ECONOMY.

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate and pegged it to his socialist governments petro cryptocurrency, effectively devaluating by 96 percent. Maduro said he would overhaul Venezuela's disparate exchange rates and peg salaries, pensions, and prices to the petro, a cryptocurrency launched by the...

  • Aug 17- A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family's Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday. The verdict by the jury in Dallas County District Court includes more than $143.6 million in punitive damages...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement in a televised address Friday night ahead of a previously...

  • SANTIAGO, Aug 17- The union representing workers of Chilean copper mine Escondida signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world's biggest copper mine. Mine operator BHP had said earlier in the week that terms had been reached but the union needed to vote on the new pact. "We have managed to defend all...

  • Federal Reserve Today in Washington. 20- Aug Norway Auction of Treasury bills 20- Aug Netherlands DTC Auction 21- Aug Germany Auction of 2- year Treasury notes 21- Aug Japan Auction of 20- year government bonds 21- Aug Spain Auction of 3- and 9- month Treasury bills 22- Aug Germany Auction of 10- year Federal bonds 24- Aug Japan 3- month discount bill auction...

  • **FRANKFURT- Bundesbank president Weidmann speaks in Frankfrut 1600 GMT. KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in...

  • BUENOS AIRES- Central Bank of Argentina releases monetary policy statement WARSAW- National Bank of Poland holds monetary policy council meeting. BUDAPEST- Hungarian Central Bank holds its rate-setting meeting- 1200 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of August monetary policy meeting 0130 GMT.

  • CARACAS, Aug 17- Venezuelan President Nicolas Maduro said on Friday night the country would establish a single exchange rate that would be pegged to his leftist administration's Petro cryptocurrency.

  • MEXICO CITY, Aug 17- Mexican conglomerate Grupo Industrial Saltillo SAB de CV is considering more acquisitions in Europe to expand its auto parts division, its top executive told Reuters. GIS acquired auto parts companies Automotive Components Europe in 2015 for $80 million and Spain- based Grupo Infun a year later for 280 million euros. In China, the company...

  • SAO PAULO, Aug 17- Holding company Litel Participações SA, which holds the stakes Brazilian pension funds have in miner Vale SA, has issued 2.5 billion reais in commercial paper, the company said in a securities filing on Friday.

  • DALLAS— A Texas jury has awarded more than $242 million to a Dallas- area family who sued Toyota over what they said were defective front seats in their Lexus sedan. Benjamin and Kristi Reavis alleged defects caused their front seat backs in a September 2016 rear-end collision to collapse on their two young children seated in child safety seats in the back.

  • SAN JUAN, Aug 17- A U.S. federal judge on Friday ruled against a group of bondholders that bought debt issued by Puerto Rico's largest public pension, the Employees Retirement System, denying their ability to hold claim on property used as collateral. With roughly $120 billion in debt and pension liabilities, Puerto Rico filed for bankruptcy protection under a...

  • Aug 17- Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration. In an email sent to some beauty suppliers on Aug. 7, seen by Reuters, the retailer asks if they have facilities outside China, and if not,...

  • NEW YORK, Aug 17- A New York lawyer was sentenced to 18 months prison on Friday for helping Martin Shkreli, currently serving a seven year prison sentence after being convicted of related charges, defraud a drug company that Shkreli had founded. District Judge Kiyo Matsumoto in Brooklyn. "I will regret, every day of my life, the day I met Martin Shkreli," Greebel said.

  • GREENBELT, Md.— News outlets filed a lawsuit on Friday challenging a Maryland law meant to fight foreign meddling in online political advertising because they say it creates unfair burdens on media sites that publish such ads. The Maryland- Delaware- D.C. Press Association and several newspapers, including The Washington Post and The Baltimore Sun, filed the...

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...