CNBC Utilities Page Wires

  • AIR TRAFFIC CONTROL DISTURBANCE PREVENTING FLIGHTS FROM ARRIVING, DEPARTING AMSTERDAM SCHIPHOL AIRPORT- ANP.

  • *Platinum hits lowest since November 2008. LONDON, Aug 15- Gold fell to a more than 18- month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira. Spot gold was down 0.7 percent at $1,185.46 an ounce by 1106 GMT, after hitting its lowest since late January...

  • *London house prices fall by most since 2009. LONDON, Aug 15- Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that the pick-up was a blip and inflation might fall faster than the Bank of England thinks. "These figures show that the cost of living squeeze is not yet a thing of the past,"...

  • *Impact of tariffs yet to be seen in China trade data. "China growth has been slowing down for a while and we haven't seen the whole impact of U.S. tariffs on Chinese imports. President Donald Trump has rattled the world trade order by seeking to renegotiate the terms of some of the United States' trading relationships to combat what he calls unfair trade practices by...

  • *Dollar strengthened by euro's fall on Turkey fears. LONDON, Aug 15- The dollar rose on Wednesday to its highest levels in over a year as the Turkish lira crisis continued to trouble emerging markets feeding demand for the greenback as a safe-haven asset. So has a plunge in the lira which has hurt the euro because of European banks' exposure to Turkey and driven...

  • CASABLANCA/ RABAT, Morocco, Aug 15- Morocco has managed to keep its currency stable since introducing a more flexible foreign exchange system, but broader reforms are necessary to boost investment before taking the next step in liberalization, bankers say. In January, the kingdom widened the band in which the dirham trades against hard currencies to 2.5 percent...

  • CASABLANCA/ RABAT, Morocco, Aug 15- Morocco has managed to keep its currency stable since introducing a more flexible foreign exchange system, but broader reforms are necessary to boost investment before taking the next step in liberalisation, bankers say. In January, the kingdom widened the band in which the dirham trades against hard currencies to 2.5 percent...

  • *Company is listed arm of China's top state aluminum producer. BEIJING, Aug 15- Aluminum Corp of China Ltd, known as Chalco, on Wednesday said its first-half net profit rose by 15.1 percent from a year earlier as lower costs offset a more than 10 percent drop in revenues. Chalco, the listed arm of China's biggest state-owned aluminum producer, Chinalco, posted net...

  • LONDON, Aug 15- The Benchmark European carbon price hit a 10- year high on Wednesday, marking a near 130 percent rise this year, with prices set to continue climbing over the next few years. The European Union's Emissions Trading System charges power plants and factories for every tonne of carbon dioxide they emit. Carbon analysts at Thomson Reuters forecast the...

  • JAKARTA, Aug 15- Indonesia's central bank stepped up its battle to defend a beleaguered currency on Wednesday, raising interest rates for the fourth time since mid-May on top of government import curbs as Turkey's financial crisis ripples across emerging markets. Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.50 percent, as...

  • Aug 15- Constellation Brands Inc said on Wednesday it would invest $4 billion more in Canopy Growth Corp, raising its stake in the Canadian marijuana producer to 38 percent. The U.S.-based maker of Corona beer said it would buy 104.5 million Canopy shares at C $48.60 per share, a 51.2 percent premium to the stock's Tuesday close. The company, which also makes Svedka...

  • Benchmark Brent crude oil was down 60 cents a barrel at $71.86 by 1040 GMT, while U.S. light crude fell $1.02 a barrel to a low of $66.02, before recovering slightly to around $66.30, down 74 cents. "Oil bears are taking their turn in the driving seat," said Stephen Brennock, analyst at London broker PVM Oil Associates. "Adding to the weakening price backdrop are signs that...

  • *Turkey recovery boosts demand for low-rated European debt. LONDON, Aug 15- Demand for southern European government bonds picked up on Wednesday as a global market selloff prompted by Turkey's currency crisis eased, encouraging investors to pick up the extra yield on offer from Spain, Portugal and even Italian BTPs. "It's still volatile, but traders are watching...

  • GABORONE, Aug 15- Sales at Botswana's state-owned Okavango Diamond Company fell 16 percent in the first half of 2018 to $260 million, its managing director said, citing a high comparison base against last year's record growth. Ter Haar said customers from the United States and Far East largely drove demand in the six months through June. Debswana, a joint venture...

  • Q2 net profit 17.87 bln yuan vs 19.67 bln yuan estimate. HONG KONG, Aug 15- Chinese technology giant Tencent Holdings Ltd on Wednesday reported a surprise 2 percent fall in second-quarter net profit, its first decline in nearly 13 years, due to slower growth in mobile games and a drop in PC gaming. China's largest social media and gaming firm said April-June profit...

  • Aug 15- Constellation Brands Inc said on Wednesday it would invest $4 billion more in Canopy Growth Corp, raising its ownership stake in the Canadian marijuana producer to 38 percent.

  • WEST CHESTER, Pa., Aug 15- The Home Shopping Network is getting an image makeover. A division of Qurate Retail Group, the network is facing growing competition from Amazon Inc. and Evine Live Inc for consumers like 24- year old Erin Bounds, who regard buying products through TV shows a relic of the past. Second-quarter revenue at HSN declined 12 percent to $473...

  • BUDAPEST/ SOFIA, Aug 15- Central European currencies traded near multi-week lows against the euro on Wednesday as investors waited to see whether the Turkish lira could recover from its collapse. The exposure of some euro zone banks to Turkey is also a contagion channel, analysts said. Liquid currencies and record low interest rates in Poland and Hungary, and...

  • *Italy starts audit of bridges, tunnels. GENOA, Italy, Aug 15- Rescuers searched for survivors amid the debris of Italy's bridge collapse on Wednesday as the death toll climbed to 37 and the government blamed the bridge's operator, demanding resignations and moving to strip its toll concession. The 50- year-old bridge, part of a toll motorway linking the port city...

  • HAMBURG, Aug 15- Chicago soybeans, wheat and corn fell on Wednesday on the back of a stronger dollar and worries about U.S. export prospects as bumper crops in the United States loom. "The U.S. Department of Agriculture on Friday made bold forecasts of large U.S. soybean and corn yields so the dollar strength is unwelcome against the expectation that big U.S. harvests...