×

CNBC Utilities Page Wires

  • May 21- Australia's BWX Ltd, a marketer of branded skin and hair care products, on Monday said it received an unsolicited takeover proposal from two senior company officers in partnership with Bain Capital Private Equity, valuing the company at A $803.4 million. A $6.60 per share in cash represents a 50 percent premium over BWX's last close of A $4.41.

  • LONDON, May 21- Roche's new hemophilia drug Hemlibra dramatically reduced bleeding in a broad population of hemophilia patients, results from two clinical trials showed on Monday, setting it up to take a dominant market position. Hemlibra cut by 96 percent the incidence of treated bleeds in hemophilia A patients who did not get preventive treatment, and...

  • LONDON, May 21- Roche's new haemophilia drug Hemlibra dramatically reduced bleeding in a broad population of haemophilia patients, results from two clinical trials showed on Monday, setting it up to take a dominant market position. Hemlibra cut by 96 percent the incidence of treated bleeds in haemophilia A patients who did not get preventive treatment, and...

  • BEIJING, May 21- China does not want trade tensions with the United States, the Chinese Foreign Ministry said on Monday after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement.

  • DUBAI, May 21- Property stocks in Dubai and Abu Dhabi rose in early Monday trading after the United Arab Emirates approved a system to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 4 percent and DAMAC Properties climbed 1.3 percent, lifting the Dubai index by 1.3 percent. The UAE cabinet also approved steps on Sunday...

  • MELBOURNE, May 21- Copper edged higher on Monday after China and the United States put their trade row "on hold," easing concerns that the dispute could escalate, although headwinds from a stronger dollar capped further gains. *Shanghai Futures Exchange copper also edged up by 0.3 percent to 51,370 yuan a tonne. Treasury Secretary Steven Mnuchin said on Sunday.

  • CAPE TOWN, May 21- The South African government has agreed a three-year wage deal with public sector unions, granting modest salary increases only slightly above inflation in an attempt to tame its large budget deficit. The salary increases are well below the 12 percent initially demanded by unions and will be seen as a victory for the President Cyril Ramaphosa,...

  • *Shanghai stocks close higher, blue-chip CSI300 index up. *Gains in Shanghai stocks led by Inner Mongolia Lantai Industrial Co Ltd and losses by Shandong Tyan Home Co Ltd. SHANGHAI, May 21- China stocks extended gains to end higher on Monday, as trade tensions eased after U.S.

  • May 21- Australia's BWX Ltd on Monday said it received an unsolicited takeover proposal from its Chief Executive Officer John Humble and Finance Director Aaron Finlay in partnership with Bain Capital Private Equity and its affiliates, valuing the company at A $803.4 million.

  • *China, U.S. have great potential for cooperation- Chinese state media. Treasury Secretary Steven Mnuchin said a trade war between China and the United States was "on hold". at 0658 GMT, after earlier hitting $1,281.76, its lowest since Dec. 27.

  • LONDON, May 21- Britain's Marks& Spencer said on Monday it had appointed Katie Bickerstaffe, the former Dixons Carphone executive, as a non-executive director, adding more retail experience to its board. Until April she was CEO of Dixons Carphone's UK and Ireland business. M&S said it had also appointed Pip McCrostie, a former Ernst& Young executive, as a...

  • PARIS, May 21- Shares in EuropaCorp, the film and TV studio group chaired by well-known French film director Luc Besson, slumped on Monday following the emergence of a rape allegation against Besson, which Besson denies. EuropaCorp shares were down 13.3 percent in early session trading. Over the weekend, Besson's lawyer Thierry Marembert told Reuters that...

  • TOKYO, May 21- Strong global demand has helped cushion the impact on Nippon Steel& Sumitomo Metal Corp of new U.S. import duties, but Japan's top steelmaker remains worried Washington's trade barriers could lead to a glut in Asia, a much bigger market for the company. Japan is among the top 10 steel exporters to the United States which in March began imposing a 25-...

  • *U.S., China drop tariff threats amid work on wider agreement. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold".

  • CAPE TOWN, May 21- The South African government has agreed a three-year wage deal with public sector unions, a spokesman for the NEHAWU union, which represents workers in healthcare, education and other professions, said. "All of us, everyone in the bargaining council, is signing the agreement today," NEHAWU's Khaya Xaba said. Xaba said the government had offered a...

  • DETROIT— Prosecutors are seeking a 14- year prison sentence for a Detroit- area man convicted of dealing diseased body parts for medical training. Arthur Rathburn is returning to Detroit federal court on Monday, four months after he was convicted of fraud and shipping hazardous material. The sale of human remains is unusual but mostly legal, especially when...

  • NEW DELHI, May 21- India is looking at ways to keep rising fuel prices in check, its oil minister said on Monday, with retail rates for diesel and petrol touching record highs in capital city New Delhi and financial hub Mumbai. India is particularly at risk from stronger global prices for crude oil as it is the No.3 importer of the commodity, buying about 80 percent of...

  • TOKYO, May 21- Japan's Nikkei share average rose on Monday as the dollars' rise against the yen supported some exporters after news of easing U.S.- China trade tensions, but weakness in financial stocks kept wider gains limited. U.S. stock futures gained after Treasury Secretary Steven Mnuchin said on Sunday that the United States and China had agreed put their...

  • TOKYO, May 21- The price of 20- year Japanese government bonds firmed on Monday as some traders bought the maturities in expectations of healthy demand at an auction the following day. The move came after data from brokerage industry group Japan Securities Dealers Association showed big Japanese banks sold 1.356 trillion yen of super-long bonds in April,...

  • TOKYO, May 21- The question of when the Bank of Japan should wind back crisis-era stimulus has dogged policymakers for some time, but its less aggressive support for the stock market in recent weeks has some investors speculating it's already taking its foot off the gas. But since April 9, when Haruhiko Kuroda entered his second term as BOJ governor, it refrained...