CNBC Utilities Page Wires

  • SHANGHAI, Jan 17- China's yuan eased against the U.S. dollar on Thursday morning as the greenback held steady in global markets and support from seasonal corporate demand for the Chinese currency faded. Prior to market opening, the People's Bank of China set the midpoint rate at 6.7592 per dollar, 23 pips firmer than the previous fix of 6.7615.

  • *Shanghai index rises 0.5 pct, Hang Seng 0.4 pct higher. HONG KONG, Jan 17- Chinese and Hong Kong stocks climbed on Thursday after China's Premier Li Keqiang committed to increase government investment this year, amid mounting signs of slowing economic growth. **Chinese H-shares listed in Hong Kong rose 0.5 percent, while the city's main Hang Seng Index climbed 0.4...

  • *Japan is biggest HNB market, Philip Morris' IQOS most popular. Philip Morris in 2014 started selling its IQOS HNB device in Japan, which has emerged as a fertile test ground for vaping products since e-cigarettes using nicotine-laced liquid are not allowed under the country's pharmaceutical regulation. It is now planning to start selling Ploom TECH+ and Ploom S...

  • LOS ANGELES, Jan 16- Los Angeles Mayor Eric Garcetti has offered to mediate in renewed contract talks proposed for Friday between negotiators for 30,000 striking teachers and the nation's second-largest school district, union leaders said late on Thursday. There was no immediate word from the Los Angeles Unified School District to the overture from the...

  • *Wuhan plant will make Lotus cars and other vehicles. BEIJING/ SHANGHAI, Jan 17- The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan factory in Wuhan city, company job advertisements and government documents showed. "For Geely, going high-end can help it take more market...

  • *Gold facing strong technical resistance at $1,300- analysts. Spot palladium was up 0.1 percent at $1,360, as of 0350 GMT, after earlier hitting a record high of $1,366.50. Spot gold was steady at $1,292.76 per ounce, while U.S. gold futures dipped 0.1 percent to $1,292.30 per ounce.

  • UNION FOR 30,000 STRIKING LOS ANGELES TEACHERS CALLS FOR RESUMING CONTRACT TALKS WITH SCHOOL DISTRICT ON THURSDAY, WITH MAYOR AS MEDIATOR.

  • NO IMMEDIATE WORD FROM LOS ANGELES UNIFIED SCHOOL DISTRICT ON PROPOSED RENEWAL OF TALKS WITH STRIKING TEACHERS ON THURSDAY.

  • TEACHERS UNION PRESIDENT EXPECTS BARGAINING AIMED AT ENDING STRIKE WILL RESUME ON THURSDAY AND RUN THROUGH WEEKEND.

  • *Capital spending seen at $1.6- $1.7 bln for 2019. MELBOURNE, Jan 17- Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade. Australia's largest independent gas and oil producer plans to spend...

  • TOKYO, Jan 17- The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May's government won a no-confidence vote in parliament. Data this week showed Germany barely avoided slipping into recession in 2018' s second half, and European Central Bank chief Mario...

  • TAIPEI, Jan 17- Taiwan will not bow to Chinese pressure and called for international support against Beijing's "out-of-control actions," a presidential spokesman said on Thursday, after Beijing urged companies to change the way they refer to the self-ruled island. Companies including Apple and Amazon have "wrongly labeled" Taiwan and should take immediate...

  • WASHINGTON, Jan 16- In a victory for President Donald Trump, the U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal. That result fell short of the 60 votes necessary to advance to a final passage vote in the 100- member Senate, where Republicans have a 53-47 seat...

  • TOKYO, Jan 17- Japan's Nikkei share average started higher on Thursday but quickly reversed course as investors remained cautious about the outlook for riskier assets. Lifted by an overnight bounce on Wall Street, the index initially rose as much as 0.7 percent to 20,571.75. "The Nikkei is now back in the premises of the 20,500 threshold, and this appears to have...

  • WASHINGTON, Jan 16- A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd, ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. At that time, Washington had announced an indictment against Chinese chipmaker...

  • BEIJING, Jan 17- Some defaults in China's bond market may not be a bad thing, a central bank vice governor said on Thursday, adding that the country's bond market default ratio is still relatively low. The default ratio of the bond market was at 0.8 pct at end-2018, lower than commercial banks' non-performing loan ratio of 1.89 pct, Pan Gongsheng, vice governor at the...

  • Growth momentum has been easing for some time in Britain, Canada, France and Italy and there were tentative signs of slackening momentum in the United States and Germany in November. In the last 50 years, whenever the index has fallen below 99.3, there has almost always been a recession in the United States. The one exception was the weakening of the index in 1998,...

  • SINGAPORE, Jan 17- London copper prices rose for a third straight session on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. *Three-month copper on the London Metal Exchange rose 0.3 percent to $5,987 a tonne by 0130 GMT while the most-traded contract...

  • *U.S. to become net fuel exporter in 2020- Julius Baer. *OPEC leads efforts to cut supply to rein in glut. West Texas Intermediate crude futures were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement.

  • WASHINGTON, Jan 16- In a victory for President Donald Trump, the U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal. That result fell short of the 60 votes necessary to advance to a final passage vote in the 100- member Senate, where Republicans have a 53-47 seat...