CNBC Utilities Page Wires

  • Stocks are opening higher on Wall Street as the market builds on a solid gain from the day before, which came despite the latest ramp-up in trade tensions between the U.S. and China. JPMorgan Chase rose 1 percent, and Halliburton rose 1.9 percent. AutoNation rose 2.5 percent after announcing that its CEO was stepping down.

  • NEW DELHI, Sept 19- India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee. However, earlier on Wednesday it posted its strongest intraday gain since May 25 on hopes that oil companies, which are among the largest...

  • Sept 19- U.S. stocks opened higher on Wednesday, as investors brushed aside the latest blows in Washington and Beijing's trade war. The Dow Jones Industrial Average rose 40.88 points, or 0.16 percent, at the open to 26,287.84. The S&P 500 opened 2.29 points higher, or 0.08 percent, at 2,906.60.

  • LONDON— The Latest on Britain's looming exit from the European Union:. A top European Union official says key parts of Britain's offer to conclude Brexit talks fall short of expectations and need to be improved, just six months before the country leaves the bloc. Britain leaves in late March but both sides are keen to seal an agreement in coming weeks to leave...

  • ISTANBUL, Sept 19- Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, in a move expected to double annual property investment by foreigners to around $10 billion, according to sector officials. According to new regulations, foreigners can become citizens if they own property worth $250,000 for three years,...

  • BERLIN, Sept 19- The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the creation of a billion-euro fund that could rescue such firms in financial trouble, a government source told Reuters. Berlin was galvanized into action by the surprise takeover of robotics firm Kuka by China's Midea...

  • SALZBURG, Austria— EU President Tusk says British proposals on Irish border, economy "need to be reworked."

  • BEIRUT, Sept 19- Lebanon's currency is not in danger and rumours about the economy are causing harm, President Michel Aoun said on Wednesday, amid concern that a political deadlock has blocked urgent reforms and left the heavily indebted country vulnerable. Lebanon has been without a government for four months since a national election. Lebanon had the world's...

  • BEIRUT, Sept 19- Lebanon's currency is not in danger and rumors about the economy are causing harm, President Michel Aoun said on Wednesday, amid concern that a political deadlock has blocked urgent reforms and left the heavily indebted country vulnerable. Lebanon has been without a government for four months since a national election. Lebanon had the world's...

  • *Three month target for gold at $1,275- Julius Baer. "It appears that investors are beginning to view tariffs- while likely negative for China's exports- could also prove detrimental to the United States as well, given the disruptive impact on global supply chains," National Australia Bank economist John Sharma said. China said on Wednesday it will not stoop to...

  • Sept 19- U.S. stock markets were on course to dip at opening on Wednesday, as the focus shifted away from a trade spat with China to rising Treasury yields. "Given the relatively quiet morning, investors will likely begin to look at bonds to find direction in equity markets," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

  • LONDON, Sept 19- Copper jumped to its highest in three weeks on Wednesday, boosted by a weaker dollar after a new round of U.S.- China trade tariffs were not as high as previously expected. China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for U.S. tariffs on $200 billion worth of Chinese goods. Base metals prices have slid this year,...

  • JOHANNESBURG, Sept 19- South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services. This leaves Multichoice free to fend for itself in an increasingly competitive market where Netflix is...

  • WASHINGTON— U.S. home construction rebounded in August at the fastest pace in seven months but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs. Housing starts increased 9.2 percent in August to a seasonally adjusted annual rate of 1.28 million units, the Commerce...

  • WASHINGTON— US housing construction up 9.2 percent in August, fastest gain in 7 months.

  • *October raw sugar was up 0.21 cent, or 2 percent, at 10.72 cents per lb by 1157 GMT. *Prices were regaining ground on Wednesday after a string of sharp losses on the back of worries over a possible surge in exports from India, as the country mulls additional subsidies for its sugar sector. * "The market is expecting India's government to move on subsidies to enable...

  • CHATTERIS, England, Sept 19- British supermarket group Tesco laid down the gauntlet to German discounters Aldi and Lidl by launching what it said would be the cheapest store in town. Together Aldi and Lidl now have a combined 13.1 percent market share in Britain, chipping away at market leader Tesco and its three biggest rivals Sainsbury's, Asda and Morrisons.

  • *Biggest drop in London house prices since 2009. LONDON, Sept 19- British inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and briefly sending sterling above $1.32 for the first time since July. The ONS also said British house prices rose at the weakest annual rate in nearly five...

  • *Barnier ready to address UK concerns on Northern Ireland. Before a two-day European Union summit starts on Wednesday evening, May showed no sign of backing away from her Brexit plan, shrugging off criticism at home and in Brussels over her proposals for future trade relations, the biggest policy shift for Britain in almost half a century. She may arrive in...

  • LONDON, Sept 19- Emerging-market debt issuance is on hold after a summer of volatility, with the market effectively closed for borrowers like Turkey and Russia, although Asian and Middle East issuers can still get their bonds to market. Bond sales usually rebound in September after a quiet August, but this year currency crises in Turkey and Argentina and worries...