CNBC Utilities Page Wires

  • JOHANNESBURG, Oct 17- South Africa's retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa. The expansion was much more than the 0.3 growth forecast by a Reuters poll, and was the...

  • *Sept TSF 2.21 trln yuan, vs 1.52 trillion yuan in Aug. BEIJING, Oct 17- China's new bank loans rebounded in September after dipping in the two previous months, central bank data showed, but overall credit conditions stayed tight in an economy chilled by an ongoing tariff war with the United States. "We think that officials will soon need to turn to other measures, such...

  • BEIJING, Oct 17- China's economy faces increasing downward pressure, and the government will take targeted measures to prevent large fluctuations in growth, Premier Li Keqiang said while on a trip to Europe. "With the international environment being complicated and volatile, downward pressure on China's economy has increased, but we are determined, and we are...

  • Net interest income rose 2.4 percent to $3.25 billion in the third quarter, while the bank's income tax expense fell 23 percent to $490 million. Net income attributable to the bank's common shareholders rose 17 percent to $1.73 billion, or $1.06 per share, in the quarter ended Sept. 30. Total net revenue rose to $5.7 billion from $5.57 billion.

  • Denmark's biggest lender released a report last month showing its branch in Estonia handled 200 billion euros in transactions- 10 times Estonia's GDP- between 2007 and 2015.. It said of the approximately 6,200 accounts it had so far examined most were linked to clients registered in Russia, Britain and the British Virgin Islands and "the vast majority of these...

  • LONDON, Oct 16- It sounds counterintuitive, but the recent slide on Wall Street will be met with some relief at the Fed as long as it remains a' correction' and doesn't morph into a panic-fueled rout. U.S. financial conditions had become surprisingly loose as the surge in stocks to new highs more than offset the parallel rise in bond yields and the dollar.

  • *Break above $1,230- $1,235/ oz will confirm inversion- analyst. "We are now approaching another key resistance area around $1,230 and a break above the $1,230- $1,235 will confirm an appropriate inversion for gold and it would no longer be a rebound." Prices have eroded both the 55- day moving average around $1,200, and a 6- month downtrend, and closed above the Aug. 28...

  • *ESET has investigated numerous cyber attacks in Ukraine. *In new report, it says companies hit in Ukraine and Poland. BRATISLAVA, Oct 17- Hackers have infected three energy and transport companies in Ukraine and Poland with sophisticated new malware and may be planning destructive cyber attacks, a software security firm said on Wednesday.

  • At least eight brokerages raised price targets on the stock, with three of them, Morgan Stanley, Goldman Sachs and Raymond James, raising them just two days after trimming. Analysts pointed to the streaming giant's' solid trends' in India, and said homegrown shows there like Sacred Games and Ghoul bode well for future growth as it ramps up across some of the...

  • Oct 17- Regional lender U.S. Net income attributable to the bank's common shareholders rose to $1.73 billion, or $1.06 per share, in the third quarter ended Sept. 30 from $1.49 billion, or 88 cents per share, a year earlier. Total net revenue rose to $5.7 billion from $5.57 billion.

  • DUBAI/ SINGAPORE, Oct 17- Kuwait Petroleum Corp set the price for Kuwait Super Light Crude at $2.30 a barrel above Oman- Dubai quotes for October and at a premium of $3.05 a barrel for November, a source with knowledge of the matter said on Wednesday. KSLC's OSPs are more than $2 a barrel below that of Saudi's Arab Super Light crude and 50 cents a barrel higher than...

  • LONDON, Oct 17- Better-than-forecast Chinese lending data which signaled solid economic growth helped to lift copper prices on Wednesday, but gains were limited by signs that a supply squeeze in China was receding. China is the world's biggest copper consumer. Fears that a U.S.- China trade dispute would weaken demand helped push prices to a 14- month low of...

  • JAKARTA, Oct 17- Indonesia's state-owned miner Inalum is looking to finalize a $3.85 deal for majority control of the local unit of global mining giant Freeport McMoRan Inc in December, a company official said on Wednesday. "is continuing to lead discussions with the Environment and Forestry Ministry," Sadikin said. A 2017 report by Indonesia's Supreme Audit...

  • Sprint's sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer. The research firm estimates the gap will widen even more by 2022, with mobile spending at $141 billion compared to $68 billion on TV. Former Pinsight Chief Executive Kevin McGinnis...

  • BRUSSELS, Oct 17- Failure to secure a trade deal for Britain when it exits the European Union next year could set the UK auto sector back two decades, leading parts suppliers said on Wednesday as they urged leaders to reach agreement at a summit in Brussels. The "just-in-time" industry model relied on frictionless trade between Britain and mainland Europe, they...

  • BEIJING, Oct 17- Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. Tesla signed a long-anticipated deal with Shanghai authorities in July to build its first factory outside the United States,...

  • HANOI, Oct 17- Vietnam could recall an order that goes into effect on Nov. 1 that requires companies to re-export wheat cargoes containing cirsium arvense seeds, known as Canada thistle, the government said on Wednesday. Vietnam, whose main wheat suppliers include Russia, Australia and Canada, has been battling with imports contaminated with thistle seed since...

  • LONDON, Oct 17- Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors' sentiment towards European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday. Europe's autos sector is already down 6 percent this month and is on track for its worst year...

  • KREMLIN SAYS THERE IS NO EVIDENCE TO SUPPORT ALLEGATIONS AGAINST RUSSIAN MILITARY INTELLIGENCE.

  • *ESET has investigated numerous cyber attacks in Ukraine. *In new report, it says companies hit in Ukraine and Poland. BRATISLAVA, Oct 17- Hackers have infected three energy and transport companies in Ukraine and Poland with sophisticated new malware and may be planning destructive cyber attacks, a software security firm said on Wednesday.