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CNBC Utilities Page Wires

  • *Spot gold was up 0.1 percent at $1,330.96 per ounce at 0058 GMT. President Donald Trump and French President Emmanuel Macron pledged on Tuesday to seek stronger measures to contain Iran but Trump refrained from committing to staying in a 2015 nuclear deal and threatened Tehran with retaliation if it restarted its nuclear programme. *Trump on Tuesday said the...

  • *Spot gold was up 0.1 percent at $1,330.96 per ounce at 0058 GMT. President Donald Trump and French President Emmanuel Macron pledged on Tuesday to seek stronger measures to contain Iran but Trump refrained from committing to staying in a 2015 nuclear deal and threatened Tehran with retaliation if it restarted its nuclear program. *Trump on Tuesday said the...

  • LONDON/ NEW YORK, April 25- London- listed drugmaker Shire Plc said it was willing to recommend a deal with Takeda Pharmaceutical Co to its shareholders, after the Japanese company sweetened its acquisition offer to 46 billion pounds. The development, first reported by Reuters, represents a major breakthrough for the companies in their negotiations, following a...

  • *Dollar index nudged off 4- mth highs after Wall St slide. TOKYO, April 25- The dollar was steady on Wednesday, just below a four-month high reached after the U.S. 10- year bond yield hit 3 percent for the first time since early 2014, as a slide in Wall Street stocks slowed the pace of the greenback rally. But the 10- year Treasury yield reached the 3 percent threshold for...

  • SINGAPORE, April 25- Chicago wheat futures rose for a second session on Wednesday as investors looked for bargains, although plentiful world supplies capped gains. *Chicago wheat futures were being underpinned by bargain-buying after prices dropped to a one-week low on Tuesday at $4.67-3/ 4 a bushel. *Concerns about slowing soybean exports continued to hang...

  • The pharmacy benefit manager plans to seek a refund if the drugs, also being developed by Eli Lilly and Teva Pharmaceutical Industries, do not work within a defined time frame. Shares of Amgen, which fell nearly 2 percent in earlier trading, were flat at $171.80 after hours. It allows us to set the baseline price, "said Anthony Hooper, the company's head of commercial...

  • SEOUL, April 25- S-Oil Corp, South Korea's third-biggest oil refiner, on Wednesday said that strong demand growth in the region would support refining margins in the second quarter of this year. "Refining margins will be held up at a healthy level given 0.6-0.8 million barrels per day of strong year-on-year demand growth in the region and spring maintenance," the...

  • TOKYO, April 25- Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3 percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent while Japan's Nikkei dropped 0.6...

  • NEW YORK, April 24- Ghana is seeking to issue up to $2.5 billion worth of Eurobonds in the coming weeks with a coupon in the 7 percent range, a rate well below previous sales, the West African nation's finance minister told Reuters in an interview on Tuesday. The debt offering, for a country that still struggles with a debt burden that last year was equivalent to...

  • *OPEC- led cuts, political risk, strong demand have lifted oil. Brent crude oil futures were at 74.02 per barrel at 0020 GMT, up 16 cents, or 0.2 percent, from their last close, but were some way below the November-2014 high of $75.47 a barrel reached the previous day. That's due to production cuts led by the Organization of the Petroleum Exporting Countries which were...

  • SHANGHAI, April 25- China is "days away" from revealing new rules governing its asset management industry, the China Daily newspaper reported on Wednesday, citing an unnamed source close to the country's central bank. Markets have been awaiting the release of the final version of new rules for China's $15 trillion asset management sector as part of a crackdown on...

  • Federal Reserve Today in Washington. 25- Apr United States Sale of 2- year floating rate notes 25- Apr United States Sale of 5- year notes 26- Apr Sweden Auction of inflation-linked government bonds 26- Apr Japan 3- month discount bill auction 26- Apr Italy Bills auction 26- Apr United States Sale of 7- year notes 27- Apr Italy Medium-long term auction.

  • WASHINGTON, April 24- U.S. senators are pressing many of the world's largest financial institutions to disclose any links between their companies and wealthy Russians allied with Russian President Vladimir Putin, according to a letter released on Tuesday. Treasury's so-called "oligarchs list," but also on financial institutions to closely consider those...

  • PARIS- ECB policymaker Klaas Knot speaks at a Bank of France conference entitled "Non-Bank Finance: Trends and Challenges" in France- 0830 GMT. PARIS- ECB policymaker Philip Lane speaks on a panel at a Bank of France conference titled "Non-Bank Finance: Trends and Challenges" 0730 GMT. STOCKHOLM- Riksbank monetary policy meeting 0700 GMT.

  • PARIS- ECB policymaker Klaas Knot speaks at a Bank of France conference entitled "Non-Bank Finance: Trends and Challenges" in France- 0830 GMT. PARIS- ECB policymaker Philip Lane speaks on a panel at a Bank of France conference titled "Non-Bank Finance: Trends and Challenges" 0730 GMT. STOCKHOLM- Riksbank monetary policy meeting 0700 GMT.

  • LONDON/ NEW YORK, April 24- London- listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds. The development, first reported by Reuters earlier on Tuesday, represents a major breakthrough for the companies in...

  • MEXICO CITY, April 24- Mexico's peso bounced back from a steep selloff on Tuesday, boosted by optimism the country would strike a new trade deal with the United States, while worries about elections drove Brazil's currency to a 16- month low. President Donald Trump said that a new North American Free Trade Agreement could be hatched quickly as officials from...

  • President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24- year-old accord. Ministers from the United States, Canada and Mexico responsible for NAFTA met in Washington to try to narrow differences on...

  • NEW YORK, April 24- Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Gundlach, who oversees more than $119 billion in assets and spoke at a New York event for DoubleLine clients, said the core Consumer Price Index and the New York Federal Reserve Underlying Inflation Gauge suggest U.S. inflation will go higher, which can...

  • MEXICO CITY, April 24- America Movil, Mexico's largest wireless carrier, said on Tuesday that its net profit fell nearly 50 percent in the first quarter, hurt by currency swings. America Movil saw its strongest growth in Mexico, where mobile revenues were up 12.8 percent from the previous year. The quarter marked the first time America Movil has been able to charge...