CNBC Utilities Page Wires

  • *Groups have until April 1 to offer remedies to Commission. FRANKFURT, March 21- Tata Steel is likely to offer to sell parts of its European packaging activities to secure regulatory approval for a planned joint venture with Thyssenkrupp, three people familiar with the matter told Reuters. The two steelmakers on Wednesday agreed an eight-day extension to a...

  • MOSCOW, March 21- Demand for Russia's U.S. dollar-denominated Eurobond stands at over $3 billion, while demand for its euro-denominated Eurobond is more than 1.6 billion euros, RIA news agency cited a source as saying on Thursday.

  • LONDON, March 21- Asset managers and other financial firms from the European Union have only a week to register with UK regulators to continue operating in Britain in the event of a no-deal Brexit, a senior regulator said on Thursday. Nausicaa Delfas, executive director of international at the Financial Conduct Authority, said notifications from EU firms who...

  • *Scale, national dominance speak in favour of merger- source. *Improved funding costs would result in merger- source. FRANKFURT, March 21- Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.

  • *OPEC's crude output is falling: https://tmsnrt.rs/2Fksq3G. LONDON, March 21- Oil held near 2019 highs on Thursday, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela. Crude prices have been pushed up by almost a third since the start of 2019 by supply cuts led by the...

  • UK FCA'S DELFAS CANNOT RULE OUT SOME VOLATILITY AND DISRUPTION IN EVENT OF NO-DEAL BREXIT IN SOME PARTS OF MARKET.

  • UK FINANCIAL CONDUCT AUTHORITY'S NAUSICAA DELFAS URGES EU FIRMS IN BRITAIN TO APPLY FOR TEMPORARY NO-DEAL BREXIT AUTHORISATION.

  • FINLAND'S DATA PROTECTION AGENCY SAYS NOKIA-BRANDED MOBILE PHONES HAVE BEEN SENDING PERSONAL INFORMATION TO CHINA- STT NEWS AGENCY.

  • LONDON, March 21- The yield on 10- year British government bonds fell to its lowest since September 2017 after the U.S. British Prime Minister Theresa May urged lawmakers on Wednesday to back her Brexit plan after they rejected it twice previously. If she fails again next week, May faces the choice of requesting a longer Brexit delay or taking Britain out of the EU...

  • LONDON, March 21- Extending Britain's departure date from the European Union would only be a "sticking plaster" if deep-seated issues are left unresolved, City of London financial district chief Catherine McGuinness said on Thursday. It appeared that financial services have been "thrown under a bus" in terms of Britain's efforts to secure a divorce settlement...

  • Norwegian flag in front of the city hall building in Oslo.

    Norway's central bank raised its main interest rate on Thursday as expected.

  • OSLO, March 21- Norway's central bank raised its main interest rate on Thursday, as expected, and reiterated plans to hike rates later this year, while the outlook for the longer term had softened. Federal Reserve, the European Central Bank and others in Europe, which are keeping rates on hold. While the upturn in the Norwegian economy appears to be stronger than...

  • CITY OF LONDON'S MCGUINNESS SAYS LONDON'S STRENGTH AS FINANCIAL CENTRE REMAINS.

  • OSLO, March 21- Norway's central bank raised its main interest rate on Thursday, as expected, and reiterated plans to hike rates later this year, while the outlook for the longer term had softened. While the upturn in the Norwegian economy appears to be stronger than anticipated earlier, there are prospects for weaker growth and lower interest rates abroad, Norges...

  • FRANKFURT, March 21- India's Tata Steel will likely offer parts of its European packaging activities in a bid to seek regulatory approval for a planned joint venture with Germany's Thyssenkrupp, three people familiar with the matter told Reuters. Offering some packaging steel assets would address one of the areas that have been singled out by the European...

  • WUZHEN, China, March 21- China's 2019 pork imports are set to double from last year to 2 million tonnes, a Rabobank analyst said on Thursday, as African swine fever hits production of the meat in the world's top hog market. China has reported 113 outbreaks of the contagious disease since last August, though farmers and industry insiders say several outbreaks are...

  • ZURICH, March 21- The Swiss National Bank cut its outlook for Swiss inflation on Thursday as the central bank remained committed to its ultra- loose monetary path to guard against fallout from the "highly valued" Swiss franc. The SNB said it now expected a 2019 inflation rate of 0.3 percent and a 0.6 percent in 2020. "Since the monetary policy assessment of December...

  • BUDAPEST, March 21- The forint continued to retreat on Thursday as a dovish guidance from the U.S. Federal Reserve reduced the odds of monetary tightening at the National Bank of Hungary's meeting next week. Investors have scaled back forecasts in the past weeks that the Czech bank would continue to raise rates at its next meeting to be held just a day before...

  • *FTSE 100 up 0.5 pct. *FTSE 250 down 0.3 pct. The mid-cap FTSE 250 was down 0.4 percent by 0822 GMT, ahead of a Bank of England policy decision.

  • The pan-European STOXX 600 index dipped 0.3 percent, driven by falls in Paris, Madrid and Frankfurt that contrasted with a strong reaction on Asian markets to the Fed's statement and news conference. Germany's DAX led with a 0.5 percent fall, weakened by a 1 percent loss for bank stocks, which tend to suffer when expectations for future interest rates fall.