CNBC Utilities Page Wires

  • TOKYO, March 25- The yen gained against its peers on Monday, touching a six-week peak versus the dollar, as fears in markets of a global economic slowdown fuelled demand for the Japanese currency. Stocks across Asia retreated, tracking global peers, after weaker-than-expected U.S. and European manufacturing data on Friday intensified fears of a global economic...

  • BEIJING, March 25- China will reduce the government's direct intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to soothe concerns about its industrial policy, core to Washington complaints in the Sino-U.S. trade war. In his speech, Miao did not touch on the so-called "Made in China 2025" plan, an initiative intended to...

  • *Ethiopian Airlines questions disclosure of "aggressive software". *FAA has not yet signed off on software fix. Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about "aggressive" software that pushes the plane's nose down, a focus of investigation into a deadly crash in Ethiopia this month that led to the...

  • The most active corn futures on the Chicago Board of Trade were up 0.3 percent at $3.79-1/ 4 a bushel by 0202 GMT, having gained 0.5 percent in the previous session when prices marked their highest since Feb. 8 at $3.80-3/ 4 a bushel. The U.S. Department of Agriculture announced corn sales totalling 300,000 tonnes to China on Friday- the largest purchase by Beijing in...

  • SYDNEY, March 25- Yields on benchmark U.S. 10- year treasury notes fell further below three-month rates in Asia on Monday, an inversion that has in the past signalled the risk of economic recession. U.S. 10- year treasury yields were last 1.9 basis points below three-month rates compared to 0.07 bps late on Friday in New York. Chicago Federal Reserve Bank President...

  • *Ethiopian Airlines questions disclosure of "aggressive software". *FAA has not yet signed off on software fix. Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about "aggressive" software that pushes the plane's nose down, a focus of investigation into a deadly crash in Ethiopia this month that led to the...

  • HONG KONG, March 25- Chicago Federal Reserve Bank President Charles Evans said on Monday that it's a good time for the U.S. central bank to pause and adopt a cautious stance even though the economy remains in a strong position. Evans was speaking at the Credit Suisse Investment conference in Hong Kong. The comments were among the first by policymakers following...

  • MELBOURNE, March 25- Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas project off northwestern Australia over the weekend. Shell had hoped to start generating cash flow from Prelude in 2018, but has yet to start shipping LNG from the project, which was to have been the world's first...

  • *Spot gold was up 0.1 percent at $1,314.21 per ounce as of 0128 GMT. *U.S. gold futures were up 0.2 percent at $1,314.40 an ounce. *British Prime Minister Theresa May held crisis talks with senior colleagues and hardline Brexiteers on Sunday trying to breathe life into her twice-defeated European divorce deal after reports her cabinet was plotting to topple her.

  • BEIJING, March 25- Most base metals moved lower in early Asian trade on Monday, as investors worried about the prospect of a recession in the United States, the world's biggest economy. *COPPER: The most traded May copper contract on the Shanghai Futures Exchange fell as much as 1.6 percent to 48,300 yuan a tonne, its lowest since Feb. 18, and stood at 48,390 yuan as of...

  • The session in Renton, Washington on Wednesday is part of a plan to reach all current and many future 737 MAX operators and their home regulators, Boeing said in a statement. Teams from the three U.S. airlines that own 737 MAX jets participated in a session in Renton reviewing a planned software upgrade on Saturday. U.S. regulators are preparing to receive and...

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. SINGAPORE, March 25- Oil prices dropped on Monday as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.52 per barrel at 0102 GMT, down 51 cents, or 0.8 percent, from their last close.

  • SINGAPORE, March 25- Oil prices kicked off the week's trading with losses as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela. ANZ bank said the darkening economic outlook "overshadowed the supply-side issues" the oil market was facing amid supply cuts led by producer...

  • 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- Mar United States Sale of 2- year floating rate notes 27- Mar United States Sale of 5- year notes 27- Mar Italy Bills auction 27- Mar Sweden Auction of government bonds 27- Mar Norway...

  • LONDON, March 25- Optimism about the business outlook among Britain's financial services firms has fallen at its fastest rate since the 2008 financial crisis amid concerns about Britain's exit from the European Union, a survey showed on Monday. Business volumes among the 84 top financial firms polled have also fallen at their fastest rate since September...

  • **SEELSCHEID, Germany- ECB board member Sabine Lautenschlager participates in the EU Project Day in German schools organised by the Bundeskanzleramt in Neunkirchen-Seelscheid, Germany- 0930 GMT. **LISBON, Portugal- ECB board member Benoit Coeure participates in a panel discussion at the conference " Portugal: reform and growth within the euro area" jointly...

  • SYDNEY, March 25- The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global bond yields plunging. In Asia, Nikkei futures pointed to a weak start for Japan. Investors also kept one eye on the details of a nearly two-year...

  • March 24- Boeing Co said it invited airline pilots, technical leaders and regulators for an informational session in Renton, Washington on Wednesday, as part of an effort to share details about the plan to support the return of the 737 MAX to commercial service.

  • *STATEMENT FROM BOEING ON TRAINING INFORMATIONAL SESSIONS. *BOEING SAYS CO HAS INVITED MORE THAN 200 AIRLINE PILOTS, TECHNICAL LEADERS AND REGULATORS FOR AN INFORMATIONAL SESSION IN RENTON THIS WEDNESDAY. *BOEING- INFORMATIONAL SESSION PART OF ONGOING EFFORT TO SHARE MORE DETAILS ABOUT PLAN FOR SUPPORTING SAFE RETURN OF THE 737 MAX TO COMMERCIAL SERVICE.

  • BOEING- CONTINUE TO WORK CLOSELY WITH CUSTOMERS AND REGULATORS ON SOFTWARE AND TRAINING UPDATES FOR THE 737 MAX.