CNBC Utilities Page Wires

  • *Key approval paves way for console to enter China. It remains unknown when the console may go on sale in China, with games needing to clear a separate approval process. Gaming industry leader Tencent is trying to recover from a lengthy game approval freeze in China last year.

  • BEIJING, April 19- Shanghai copper prices drifter lower in morning session as the Good Friday holiday saw traders in Europe and parts of Asia sit out of the market, while the London Metal Exchange is closed until Tuesday. The metal nonetheless remains on course to end the week up 0.4 percent in Shanghai after positive macro data from top metals consumer China,...

  • April 19- Nissan Motor Co Ltd will cut global production by about 15 percent for the current fiscal year ending March 2020, as it shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday. That would be the steepest production cut in more than a decade by the Japanese automaker, as it...

  • *Markets are quiet due to Good Friday Easter holiday. TOKYO, April 19- The dollar steadied against a basket of currencies on Friday after hitting a 2-1/ 2- week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. Many financial markets were closed for the Good Friday Easter holiday.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies...

  • *Munoz appointment latest reshuffle at Hyundai's U.S. ops. *Munoz to assume two newly created positions at Hyundai. The appointment marks the latest management shake-up at Hyundai's U.S. operations as the South Korean automaker pushes to rejuvenate sales in the world's second-biggest auto market and grapples with a widening probe into its vehicle recalls.

  • April 19- Nissan Motor Co Ltd will cut global production by about 15 percent for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday. The Japanese automaker aims to produce about 4.6 million units in fiscal 2019, according to plans...

  • LONDON, April 18- Is the London Metal Exchange's physical storage function in danger of slipping into the shadows? London tin traders have learnt to navigate the contract's liquidity gaps in terms of physical settlement, although it's getting harder judging by this week's events. Global usage in 2017 was 362,500 tonnes, most of it going into semi-conductor...

  • LONDON, April 18- The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down. Containerised rail freight was up by just 1.2 percent in December-February, down from more than 6 percent growth in July-September, according to the...

  • TOKYO, April 19- Nintendo shares jumped 13 percent in early Tokyo trade on Friday, a day after China's Tencent won a key approval to begin selling Nintendo's Switch console in China, the world's largest games market. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to distribute the Switch...

  • Attorney General decided that President Donald Trump did not obstruct a probe into whether his campaign colluded with Russia, but some legal experts said prosecutors laid out a wealth of evidence to the contrary and that they intended to leave that determination to Congress. Jens Ohlin, a law professor at Cornell University, said the evidence laid out by the...

  • SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp...

  • TOKYO, April 19- Nintendo shares were untraded with a glut of buy orders in early Tokyo trade on Friday, a day after China's Tencent won a key approval to begin selling Nintendo's Switch console in China, the world's largest games market. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to...

  • *March nationwide core CPI up +0.8 pct yr/yr vs f'cast +0.7 pct. *Core-core CPI rises 0.4 pct yr/yr in March. TOKYO, April 19- Japan's core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan's ambitious 2 percent target in a sign of rising pressure on the central bank.

  • April 19- There will be no precious market report on Friday, April 19, as most markets are closed for the Good Friday holiday.

  • TOKYO, April 19- Japan's core consumer prices rose 0.8 percent in March from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.7 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.4...

  • TOKYO, April 19- Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found. Tokyo warned last year that Japanese companies would have to leave Britain if trade barriers from Brexit made business unprofitable.

  • TOKYO, April 19- More than 60 percent of Japanese companies want authorities to go ahead with a sales tax hike in October, but feel that additional government spending is needed to cushion the blow on the economy, a Reuters monthly poll showed. Speculation lingers that Japan will once again delay raising the tax to 10 percent from 8 percent, even though Prime...

  • TOKYO, April 19- Japanese firms with links to Britain say they have no immediate plan to leave the country as British government tries to hammer out terms of its exit from the European Union, a Reuters poll found. 1) Does your business on goods and services have any relation with Britain? If you' pull out of Britain' or' downsize' U.K. business, which area is the most...