CNBC Utilities Page Wires

  • BEIJING, Feb 18- Shanghai base metals rose across the board in early trade on Monday, buoyed by optimism over the outlook for demand after China's banks made the most new loans on record in January. Copper hit a near two-month high in Shanghai despite a big boost in Chinese inventories of the metal over the past two weeks. *SHFE COPPER: The most-traded April copper...

  • *Rising U.S. output could undermine OPEC efforts. SINGAPORE, Feb 18- Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC- led supply cuts and U.S. sanctions on Iran and Venezuela. Further pushing up crude prices have been U.S. sanctions against oil exporters and OPEC- members Iran and Venezuela.

  • Feb 18- Gold prices stood firm at two-week highs on Monday as the dollar inched lower, while equities rose on increased expectations of a U.S.- China trade deal, capping bullion's gains. *The United States and China will resume trade talks this week in Washington with time running short to ease their bruising trade war, but U.S. *California will "imminently"...

  • SINGAPORE, Feb 18- Oil prices rose to their highest levels in 2019 on Monday, lifted by OPEC- led supply cuts and by U.S. sanctions on Iran and Venezuela. West Texas Intermediate crude oil futures hit $56 per barrel for the first time this year, before edging back to $55.89 per barrel by 0051 GMT. Further pushing up crude prices have been U.S. sanctions against oil...

  • Both the United States and China reported progress in five days of negotiations in Beijing last week, although the White House said much work remains to be done to force changes in Chinese trade behaviour. "Trade is the big focus for the markets... with talks shifting from Beijing to Washington, we could get more news flow," said Michael McCarthy, chief markets...

  • *Investors wager on progress at Sino-U.S. talks in Washington. SYDNEY, Feb 18- Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent, partially recovering...

  • Feb 18- For other diaries, please see:. Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington.

  • LONDON, Feb 18- Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal...

  • MONTREAL/ SEOUL, Feb 18- The United States has blocked efforts by a U.N. agency to improve civil aviation in North Korea at a time when Pyongyang is trying to reopen part of its airspace to foreign flights, three sources familiar with the matter told Reuters. The U.S. move is part of a negotiating tactic to maintain sanctions pressure on North Korea, one of the sources...

  • TOKYO, Feb 18- Japan's core machinery orders fell 0.1 percent in December from the previous month, government data showed on Monday. The fall in core orders, a highly volatile data series regarded as a good indicator of capital spending in the coming six to nine months, was less than the median estimate for a 1.1 percent decline expected by economists in a Reuters...

  • MUMBAI, Feb 15- Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African crops in 2017, have slashed India's corn output and boosted prices, increasing the chances the government will grant duty-free corn imports for the first time since 2016.. It also demonstrates the potential harm that the armyworm may wreak on India's...

  • *Amid big Samsung push in Europe, France's Orange shows interest. SEOUL, Feb 15- Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalise on the security fears hobbling China's Huawei, according to company officials and other industry executives. "Samsung is doing a big push in Europe at the moment," one industry...

  • CULLINAN, South Africa, Feb 14- The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. The London- listed miner, which acquired Cullinan from industry leader De Beers, borrowed heavily to...

  • Feb 17- The British government has decided it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5 G networks, the Financial Times reported on Sunday, citing two sources familiar with the conclusion of Britain's National Cyber Security Centre. Earlier this month, the chief of Britain's foreign intelligence service said Britain should...

  • CAIRO, Feb 17- Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs, Saudi Energy Minister Khalid al-Falih said on Sunday on Twitter.

  • GERMANY WILL STOP EXTRADITION OF ITS CITIZENS TO BRITAIN IMMEDIATELY AFTER BREXIT, EVEN IF UK LEAVES EU WITH A DEAL- FT.

  • MANAGUA, Feb 17- The Nicaraguan government said it has initiated talks with the country's private sector in what observers see as a bid to repair the relationship between embattled President Daniel Ortega and business leaders and ease a political crisis that has engulfed the country since last spring. José Adán Aguerri, the president of the Superior...

  • BRITISH GOVT HAS CONCLUDED IT CAN MITIGATE RISK FROM USING HUAWEI EQUIPMENT IN 5 G NETWORKS- FT, CITING SOURCES.

  • LOS ANGELES, Feb 17- Fox's sci-fi adventure "Alita: Battle Angel" dominated in North America, but its opening weekend win isn't leaving the box office with much to celebrate. Directed by Robert Rodriguez and produced by James Cameron, the Japanese manga adaptation cost over $170 million to produce-- and that's not including the tens of millions spent in marketing.

  • SAUDI CROWN PRINCE SAYS SIGNED JOINT AGREEMENTS WITH PAKISTAN WORTH 20 BILLION DOLLARS- ARABIYA TV.