CNBC Utilities Page Wires

  • LONDON, Dec 14- British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, for the fourth time since October following a minor seismic event, it said on Friday. The company has had to repeatedly stop operations at the site since they began two months ago under Britain's traffic light regulation system,...

  • BERLIN, Dec 14- German Finance Minister Olaf Scholz on Friday lauded positive developments in the German banking sector in recent months, and said his ministry was not overly concerned about the future of Deutsche Bank, Germany's largest bank. Scholz said Germany needed strong and successful banks to work with the many German firms active around the world.

  • FRANKFURT/ PARIS, Dec 14- Huawei faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France. The shift by the national market leaders, both partly state owned, follows Huawei's exclusion on national security...

  • LONDON, Dec 14- British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, after tremor of magnitude 0.9 was detected, the company said. "Cuadrilla has paused and will continue to monitor micro seismicity for at least 18 hours after the event was recorded... Well integrity has been checked and verified, "...

  • PARIS, Dec 14- Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality. The Belmond deal is LVMH's largest since it spent 4.3 billion euros in 2011 to buy Bvlgari and 6.5 billion euros in 2017 to gain full control of Christian Dior.

  • Dec 14- Shares of Johnson& Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. The decline in shares wiped off about $24 billion from the company's market capitalization and made the stock...

  • *Ontario- Quebec 10- year spread hits widest since June. TORONTO, Dec 14- The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and after the debt rating of Canada's most populous province was downgraded by Moody's. Stocks and the price of oil, one of Canada's major exports,...

  • Dec 14- Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos. Facebook said some third-party apps may have gained access to broader set of photos than usual for 12 days between Sept. 13 to Sept. 25. Facebook shares were down 1.3 percent at...

  • The upbeat data from the Commerce Department on Friday bolstered expectations that the Federal Reserve will raise interest rates for a fourth time this year at its Dec. 18-19 policy meeting, despite moderating inflation and tighter financial market conditions. It also stood in stark contrast to reports from China showing a dramatic fall off in retail sales...

  • *Europe, China cast pall on global growth, weigh on yields. NEW YORK, Dec 14- U.S. Treasury yields retreated on Friday, in line with falls in U.S. equities, weighed down by worries about global growth after poor economic numbers out of Europe and China.

  • *China to suspend additional 25 pct tariffs on U.S.-made cars for three months. The Ministry of Finance, in a statement on its website, also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other's goods. "This is a good signal that China and the United States are on track to solve the trade war," said Wang Cun,...

  • Dec 12- As many as 333 people have been infected with salmonella strain linked to beef products of JBS Tolleson Inc, part of the U.S. arm of Brazil's JBS SA, the Centers for Disease Control and Prevention said on Wednesday. JBS Tolleson Inc, an Arizona- based meat producer, has recalled about 12.1 million pounds of beef products that were sold at more than 100 retailers,...

  • Dec 14- U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.- China trade talks. Weak monthly retail sales growth and industrial output numbers from China, combined with sluggish Euro zone business expansion as well as disappointing economic data from France and...

  • WASHINGTON, Dec 14- Chinese hackers have breached U.S. Navy contractors to steal a raft of information, including missile plans, through what some officials describe as some of the most debilitating cyber campaigns linked to Beijing, the Wall Street Journal reported on Friday. The Journal's report was based on information from experts and officials, who said...

  • SEOUL, Dec 15- South Korea did not import crude oil from Iran in November, compared with 1.3 million tonnes imported a year ago, preliminary data from Korea Customs Service showed on Saturday. Final data for South Korea's crude oil imports last month will be published by state-run Korea National Oil Corp later the month. The KNOC data is considered the industry...

  • SOUTH KOREA IMPORTS 12.7 MLN T OF CRUDE IN NOVEMBER VS 12.6 MLN T YR AGO- CUSTOMS.

  • SOUTH KOREA IMPORTS 0 T OF IRAN CRUDE IN NOVEMBER VS 1.3 MLN T YR AGO- CUSTOMS.

  • *DISCOVERED BUG THAT MAY HAVE AFFECTED PEOPLE WHO USED FACEBOOK LOGIN AND GRANTED PERMISSION TO THIRD-PARTY APPS TO ACCESS THEIR PHOTOS- FACEBOOK BLOG. *LATEST INCIDENT MAY HAVE AFFECTED UP TO 6.8 MILLION USERS AND UP TO 1,500 APPS BUILT BY 876 DEVELOPERS- FACEBOOK BLOG. *BECAUSE OF BUG, SOME THIRD-PARTY APPS MAY HAVE HAD ACCESS TO BROADER SET OF PHOTOS THAN USUAL...

  • MEXICO CITY, Dec 14- Mexican President Andres Manuel Lopez Obrador said on Friday that his Maya Train project in southern Mexico will begin construction on Sunday on a stretch of existing rail in Chiapas state. The dual tourist and freight rail project is planned to cover some 1,525 km from the archaeological ruins of Palenque, a major Maya site, to the country's...

  • ONLY APPS AFFECTED WERE ONES THAT FACEBOOK APPROVED TO ACCESS PHOTOS API AND THAT INDIVIDUALS HAD AUTHORIZED TO ACCESS THEIR PHOTOS- FACEBOOK BLOG.