CNBC Utilities Page Wires

  • WASHINGTON, March 20- South Korean oil refiners S-Oil Corp and Hyundai Oilbank Co have agreed to settle criminal and civil charges of rigging bids to supply fuel to the U.S. military, the Justice Department said on Wednesday. Hyundai will pay $83.1 million in criminal and civil fines while S-Oil will pay $43.58 million to settle the allegations, the Justice...

  • VALLEY, Neb., March 20- A string of small Missouri towns prepared for the next deluge along the raging Missouri River on Wednesday after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and melting snow has already inundated a large...

  • SPOT PALLADIUM RISES TO RECORD HIGH OF $1,608.76 PER OUNCE.

  • SEOUL, March 21- The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty special dividend and a board shake-up. While it looks likely to fail on most counts on Friday, even if it manages to gain a single seat at Hyundai it would be a major...

  • 21- Mar Sweden Auction of inflation-linked government bonds 21- Mar France Index-linked Securities auction 21- Mar Spain Bond Auction 22- Mar Japan 3- month discount bill auction 26- Mar United States Sale of 2- year notes. 26- Mar Italy CTZ/BTPi auction 26- Mar Japan Auction of 40- year government bonds 26- Mar Germany Auction of 2- year Treasury notes 27-...

  • FRANKFURT- General Council meeting of the ECB in Frankfurt. FRANKFURT- Opening remarks by ECB Board Member Luis de Guindos at the ECB colloquium, marking the end of the tenure of Ignazio Angeloni as a member of the supervisory board of the European Central Bank in Frankfurt, Germany 0815 GMT. FRANKFURT- Speech by ECB Board Member Ignazio Angeloni at the ECB...

  • TOKYO, March 20- The Japan Times, an English-language newspaper that amended its description of "comfort women" and wartime forced labourers last year, apologised to its staff last month, but threatened legal action against anyone found leaking confidential information. In an email sent to the paper's staff on Feb 28, Japan Times president Takeharu Tsutsumi...

  • TOKYO, March 20- The Japan Times, an English-language newspaper that amended its description of "comfort women" and wartime forced laborers last year, apologized to its staff last month, but threatened legal action against anyone found leaking confidential information. In an email sent to the paper's staff on Feb 28, Japan Times president Takeharu Tsutsumi...

  • WASHINGTON, March 20- The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September. So just what is inside this vast holding of assets?

  • LONDON/ GENEVA, March 20- Iranian leaders vowed on Thursday to control soaring prices, bring stability to the national currency and create jobs as the nation marked the end of a year of economic crisis fueled by renewed U.S. sanctions. Iran's Supreme Leader Ayatollah Ali Khamenei said in a new year speech that the Islamic Republic successfully resisted the U.S....

  • BUENOS AIRES/ SAO PAULO, March 20- Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro's agreement to import 750,000 tonnes of wheat from the United States and other countries outside the Mercosur trade bloc without applying the 10 percent tariff that is usually levied on such purchases. Wheat growers in Argentina's...

  • SYDNEY, March 21- The dollar nursed heavy losses in Asia on Thursday after the Federal Reserve stunned markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be at an end. The euro flew to a seven-week peak and was last trading at $1.1424, a world away from its recent low of $1.1177. "Markets were...

  • BUENOS AIRES, March 20- Argentina's energy secretariat said on Wednesday it authorized oil companies YPF and Total to make new gas exports to neighboring Chile. In October of last year, Argentina began exporting natural gas to Chile after a 12- year interlude. Argentina, which sits atop the world's No. 2 shale gas reserves, was once a major supplier of natural gas to...

  • VALLEY, Neb., March 20- A string of small Missouri towns on Wednesday prepared for the next deluge along the snow-melt-swollen Missouri River after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and swiftly melting snow this week has...

  • OTTAWA/ TORONTO, March 20- Canadian Prime Minister Justin Trudeau remained under pressure over a corruption scandal on Wednesday as a legislator quit his party's caucus and a pre-election budget aimed at swaying key voters appeared to offer too little to stem the tide of negative news. Trudeau has been on the defensive since Feb. 7 over allegations top...

  • TOKYO, March 21- Japan's 24- hour convenience stores are struggling to stay open around the clock as an industry that has continually expanded now finds itself at the sharp end of a labor shortage. Although the debate has focused on their plight, it has also raised doubts over the future of a $100 billion industry that faces an aging population, slow economic...

  • SEOUL, March 21- The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty special dividend and a board shake-up. While it looks likely to fail on most counts on Friday, even if it manages to gain a single seat at Hyundai it would be a major...

  • BRUSSELS, March 21- European Union leaders meet in Brussels on Thursday to give Prime Minister Theresa May an offer to delay Brexit beyond March 29, on condition that she can finally win over her many opponents in parliament next week. "We could consider a short extension conditional on a positive vote on the Withdrawal Agreement in the House of Commons," summit...

  • March 20- Levi Strauss& Co fetched a higher price than expected in its initial public offering on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. With the stock market hovering near all-time highs, Levi said it priced its IPO at $17 share, just above its target range of $14...

  • SAO PAULO, March 20- The Brazilian government wants trade to represent 30 percent of the country's gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro's liberalization plans. Marcos Troyjo, the government's foreign trade secretary, said at a seminar in Sao Paulo that...