CNBC Utilities Page Wires

  • The iconic MTV reality series, which ran for 32 seasons between 1992 and 2017, will return as three interactive series on Facebook in the United States, Mexico and Thailand early next year, MTV will announce on Wednesday at Mipcom, the annual television industry trade show in Cannes, France. It will be co-produced by MTV and owned by Viacom Inc and Bunim/Murray...

  • PARIS, Oct 17- Slacker demand for baby food in China and a consumer boycott in Morocco slowed third-quarter sales growth at Danone, although the French food group said it was sticking to its earnings growth targets. Danone said it was banking on cost savings and a push into lucrative, healthy eating trends to meet those goals, despite lower sales of infant formula...

  • *Cites slower growth of dialysis services in North America. FRANKFURT, Oct 17- Shares in Germany's Fresenius Medical Care were poised to mark their biggest ever one-day drop after the group cut its earnings target for the year, citing slower growth in dialysis services in North America, its largest market. "While we were able to improve profitability in North...

  • BEIJING, Oct 17- China's non-financial outbound direct investment in January-September rose 5.1 percent from a year earlier to $82.02 billion, the commerce ministry said on Wednesday.

  • BEIJING, Oct 17- China's outstanding total social financing was 197.3 trillion yuan at the end of September, up 10.6 percent from a year earlier, the central bank said on Wednesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond...

  • BEIJING, Oct 17- China's total social financing, a broad measure of credit and liquidity in the economy, rose to 2.21 trillion yuan in September from 1.52 trillion yuan in August, data from the central bank showed on Wednesday. The People's Bank of China has revised the way it calculates TSF by adding financial institutions' asset-backed securities and loan...

  • LONDON, Oct 17- Demand for online courses and virtual schools helped British education publisher Pearson to overcome weaker textbook sales in the United States and remain on track for a return to profit growth in 2018.. The British company has been through a tumultuous few years, with Chief Executive John Fallon forced to cut thousands of jobs and sell assets...

  • LONDON, Oct 17- The British pound edged lower on Wednesday before a monthly inflation report, which traders will be scanning for evidence of further price pressures, after data this week showed the strongest wage growth for workers in a decade. The better-than-expected UK wage data on Tuesday pushed the pound higher and briefly redirected attention away from...

  • BEIJING, Oct 17- Chinese banks extended 1.38 trillion yuan in net new yuan loans in September, more than analysts had expected and up from the previous month. Analysts polled by Reuters had predicted new yuan loans of 1.35 trillion yuan, up from 1.28 trillion yuan in August. The People's Bank of China has cut reserve requirements for lenders four time this year, with...

  • LONDON, Oct 17- The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day. Still, moves were muted in currency markets, contrary to the big gains in global stocks and drops in government bond yields in markets such as Italy. "The dollar has been strongly correlated...

  • CHINA END-SEPT YUAN LENDING +13.2 PCT FROM YEAR AGO.

  • CHINA SEPT TOTAL SOCIAL FINANCING AT 2.21 TRLN YUAN.

  • CHINA SEPT NEW YUAN LOANS 1.38 TRLN YUAN.

  • CHINA SEPT M2 MONEY SUPPLY +8.3 PCT FROM YEAR AGO.

  • *Spot gold targeting $1,208- $1,217/ oz range- technicals. Spot gold was down 0.2 percent at $1,222.74 per ounce at 0748 GMT, but still near a 2-1/ 2- month high of $1,233.26 per ounce hit on Monday. They were in pretty much at the top and we see those guys exiting the market, "said Stephen Innes, APAC trading head at OANDA in Singapore.

  • ZURICH, Oct 17- Roche's third-quarter revenue beat analysts' forecasts as new drugs such as Ocrevus for multiple sclerosis picked up pace and as China bought more of older medicines whose sales are dropping elsewhere following patent expiries. The company is also getting increasing support from its expansion in China, where sales of Avastin, Rituxan and...

  • Brent crude was up 15 cents at $81.56 a barrel by 0735 GMT, after gaining $1.15 in the previous three sessions. The global benchmark, which hit a two-week low late last week as equity markets dropped, is trading around $5 below a four-year high of $86.74 reached on Oct. 3. "Numbers from the American Petroleum Institute surprised the market yesterday, with U.S. crude oil...

  • BERLIN, Oct 17- Germany's BGA trade association has lowered its forecast for export growth this year to 3.5 percent from 5 percent previously, citing weaker demand from abroad in light of rising trade tensions and Britain's departure from the European Union. The United States is Germany's most important single export destination after the bloc of European...

  • *India's 2018/ 19 sugar output seen at 32.4 mln T vs pvs estimate of 35.5 mln T- trade body. *India's 2019/ 20 sugar output seen at 29.2 mln T-trade body. WADWAL, India, Oct 17- India may have found a fix to its sugar problem but the answer will not make its cane farmers happy.

  • INDIA'S MAHARASHTRA FORECAST TO PRODUCE 9.7 MLN T SUGAR IN 2018/ 19 VS EARLIER ESTIMATE OF 11.5 MLN T-TRADE BODY OFFICIAL.