CNBC Utilities Page Wires

  • *KKR has committed about $2 bln in Asian real estate transactions. HONG KONG, March 21- Global investment powerhouse KKR& Co Inc is raising its first Asia- focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York- headquartered private equity firm is moving...

  • BEIJING, March 21- A U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations, China's commerce ministry said on Thursday. In return, Vice Premier Liu He will travel to the Washington in early April for more talks, according to ministry...

  • BEIJING, March 21- The potential value of recyclable metals in discarded mobile phones, laptops and desktop computers in China will more than double to around $24 billion by 2030, environmental group Greenpeace forecast on Thursday. China, the world's largest mobile phone market, is trying to promote recycling of electronic waste, or e-waste, to improve its...

  • *Shanghai stocks higher, blue-chip CSI300 index flat. *China's A-shares are at 24.30 percent premium over H-shares. SHANGHAI, March 21- Shanghai stocks edged higher on Thursday, after the U.S.

  • *OPEC's crude output is falling: https://tmsnrt.rs/2Fksq3G. SINGAPORE, March 21- Oil eased away from 2019 highs reached earlier in the session on Thursday, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela. Crude prices have been pushed up by almost a third since the start of...

  • MUMBAI, March 21- A group of Indian state-run banks want Jet Airways' embattled founder and Chairman Naresh Goyal to reduce his stake in the carrier to 10 percent, news channel CNBC-TV18 reported on Thursday, quoting sources. The government has asked state-run banks, led by State Bank of India, to rescue Jet without pushing it into bankruptcy, two people within the...

  • *Sweden, UK, U.S. among exporters of electric cars to Norway. OSLO, March 21- On the outskirts of Oslo, a row of Fiat 500 es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world. Norway has the world's highest rate of electric...

  • PERTH, March 21- China's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish. It's not unusual for an industry to grapple with competing narratives, but for China, which produces half the world's steel...

  • *Palladium hit all-time high of $1,619.81/ oz. Spot gold gained 0.5 percent to $1,318.31 per ounce as of 0625 GMT, after touching its highest since Feb. 28 at $1,319.02 earlier in the session. "The Fed was even more dovish than expected and that added to concerns that U.S. growth, and therefore global growth, is hitting a patch of weakness," said Kyle Rodda, a market analyst...

  • PARIS, March 21- SMCP, the group behind fashion brands Sandro and Maje, posted higher annual profits on Thursday and expressed confidence of further growth in 2019 despite volatile macroeconomic conditions. SMCP's adjusted EBITDA rose 11.6 percent from a year ago to 171.5 million euros. SMCP, controlled by Chinese retail group Shandong Ruyi, said it was...

  • *Europe, Canada seek own certification for MAX jets. The same panel, the Senate Commerce subcommittee on aviation and space, will also question FAA officials on March 27, likely about why the regulator agreed to certify the MAX planes in March 2017 without requiring extensive additional training. Initial reports from investigators say there are clear...

  • UK LABOUR LEADER CORBYN TO TRAVEL TO BRUSSELS ON THURSDAY TO DISCUSS ALTERNATIVE BREXIT PLAN WITH EU LEADERS- LABOUR PARTY.

  • March 21- British Labour leader Jeremy Corbyn will travel to Brussels on Thursday to discuss an "alternative" Brexit plan with European Union leaders, including the bloc's chief negotiator Michel Barnier, his party said in a statement. Corbyn will express confidence that an alternative to Prime Minister Theresa May's Brexit deal can be agreed in the UK...

  • *Qatar calls on IAEA to create regional safety framework. PARIS/ ABU DHABI, March 20- Qatar has called on the International Atomic Energy Agency to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates is building. Relations between Qatar and its neighbour are already strained after the UAE, Saudi Arabia, Egypt and Bahrain...

  • *OPEC's crude output is falling: https://tmsnrt.rs/2Fksq3G. SINGAPORE, March 21- Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela. Crude prices have been pushed up by almost a third since the start of 2019 by supply cuts led...

  • *HK-> Shanghai Connect daily quota used -0.4 pct, Shanghai-> HK daily quota used 2.2 pct. SHANGHAI, March 21- China and Hong Kong stocks rose on Thursday morning, after the U.S. President Donald Trump on Wednesday warned that Washington may leave tariffs on Chinese goods for a "substantial period" to ensure Beijing's compliance with any trade deal.

  • March 20- U.S. officials started investigating the Federal Aviation Administration's approval of the Boeing 737 Max software linked to the Lion Air plane crash last year weeks after the accident, Bloomberg reported on Wednesday, citing people familiar with the matter. The officials also started probing why Boeing Co did not flag the feature in pilot manuals,...

  • SINGAPORE, March 21- Chicago wheat futures slid on Thursday as the market took a breather after climbing to a three-week high in the last session when prices were underpinned adverse weather. Soybeans rose for a second consecutive session on hopes for progress in U.S. trade talks with China, while corn edged higher after closing largely unchanged in the last...

  • PROBED BOEING 737 MAX SOFTWARE AND PILOT MANUALS LAST YEAR; AGENTS BEGAN INVESTIGATING MCAS WEEKS AFTER LION AIR CRASH- BLOOMBERG.