CNBC Utilities Page Wires

  • March 21- Biogen and partner Eisai Co Ltd are ending two late-stage trials for the experimental Alzheimer's drug aducanumab, in a setback to efforts to find treatments for the disease and for Biogen's stock, which lost more than $17 billion of its value on Thursday. "We view this as a transformative failure for Biogen's pipeline," RBC Capital Markets analyst Brian...

  • LONDON, March 21- U.S. trade policies caused significant shifts in the composition of the country's aluminum imports last year. The stand-out in terms of primary metal was the sharp drop in imports from Russia, reflecting the imposition of sanctions on Oleg Deripaska and his Rusal companies. China was hardest hit in the semi-manufactured products segment of...

  • LONDON, March 21- U.S. trade policies caused significant shifts in the composition of the country's aluminium imports last year. The stand-out in terms of primary metal was the sharp drop in imports from Russia, reflecting the imposition of sanctions on Oleg Deripaska and his Rusal companies. China was hardest hit in the semi-manufactured products segment of...

  • BOEING TO INSTALL EXTRA SAFETY ALARM IN 737 MAX JETS - FT.

  • *FCE leader Haddad under pressure to quit. ALGIERS, March 21- One of President Abdelaziz Bouteflika's few remaining allies in the face of mass protests, tycoon Ali Haddad, is facing pressure to quit as head of Algeria's main business association, a move that would further weaken the embattled head of state. The 82- year-old president also relied on influential...

  • LONDON, March 21- Copper prices jumped to their highest in eight months on Thursday, propelled by a softer U.S. dollar after dovish comments from the Federal Reserve and a fall in LME stocks. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade...

  • OSLO, March 21- Norsk Hydro, one of the world's largest aluminium producers, said a key unit is operating at only 50 percent of capacity following a cyber attack on the company this week. "Extruded Solutions is working hard to enable further restarts during the coming days, which would allow for continued deliveries to customers," Hydro said of the business, which...

  • *Scale, national dominance speak in favor of merger- source. *Improved funding costs would result in merger- source. FRANKFURT, March 21- Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.

  • HONG KONG, March 21- Tencent Holdings signaled it will reduce its reliance on gaming in China, where a regulatory review and one-off investment costs led to its sharpest-ever quarterly profit drop and slowest annual profit growth in 13 years. "Our revenue mix is getting increasingly diversified, with fast growth from performance-based advertising and' other'...

  • -Canada's main stock index edged down on Thursday, as investors remained on the sidelines after the U.S. Federal Reserve abandoned any interest rate hikes this year amid signs of an economic slowdown. *At 9:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 13.47 points, or 0.08 percent, at 16,154.09.

  • The London interbank offered rate to borrow dollars for three months fell to 2.60150 percent, down 0.55 basis point. Uncertainty about trade talks between China and the United States and negotiations between Britain and the European Union to leave the economic bloc have also worried central bank officials. On Wednesday, Fed Chairman Jerome Powell said in a...

  • *Fed sees no rate hikes in 2019. March 21- Wall Street's main indexes were set to open lower on Thursday, after the Federal Reserve abandoned any interest rate hikes this year and flagged an expected slowdown in the economy. "The fear factor here is how weak exactly is the economy, how afraid is the Fed at this point, because to make a 180 degree turn like they did is...

  • FRANKFURT/ HEIDELBERG, Germany, March 21- H eidelbergCement said it would pay a lower-than-expected dividend as it delivered a muted outlook on Thursday, pulling shares in the world's second-largest cement maker back from a five-month high. The group expects sales and profits to grow moderately in 2019, it said, reflecting energy cost inflation and higher...

  • FRANKFURT/ HEIDELBERG, Germany, March 21- H eidelbergCement said it would pay a lower-than-expected dividend as it delivered a muted outlook on Thursday, pulling shares in the world's second-largest cement maker back from a five-month high. The group expects sales and profits to grow moderately in 2019, it said, reflecting energy cost inflation and higher...

  • DONALD H. LAYTON TO RETIRE AS CEO OF FREDDIE MAC; DAVID M. BRICKMAN NAMED AS SUCCESSOR.

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- EU leaders will tell Theresa May on Thursday she can have two months to organize an orderly Brexit but Britain could face a hugely disruptive ejection from the bloc next Friday if the prime minister fails to win backing from parliament. EU diplomats said her request for a delay until June 30...

  • LONDON, March 21- Copper prices jumped to their highest in eight months on Thursday, propelled by a softer U.S. dollar after dovish comments from the Federal Reserve and a fall in LME stocks. Benchmark copper on the London Metal Exchange rose 0.7 percent to $6,507 tonnes by 1222 GMT, after touching a session high of $6,555,50, its highest since July.

  • CPC SEES PROBABILITIES EXCEED 50 PCT FOR ALASKA, AREAS IN PACIFIC NORTHWEST, MID-ATLANTIC AND NORTHEAST; BELOW NORMAL TEMPERATURES FAVORED FOR NORTHERN AND CENTRAL GREAT PLAINS.

  • March 21- Residents of a Houston- area community were told to remain indoors and schools were closed on Thursday after a petrochemical plant fire that burned for days released high levels of volatile organic compounds into the air. The City of Deer Park, 20 miles east of Houston, issued a shelter-in-place advisory to its 34,000 residents after reports of "action...

  • *China blue-chips, Australian shares erase losses. LONDON, March 21- European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Banks suffered their usual worries about low borrowing rates to drag the pan-European STOXX 600 down and though a rise in metals prices and a weaker pound helped London's FTSE edge up, Wall Street futures were...