CNBC Utilities Page Wires

  • LNG shipments to China at least 9 pct cheaper. *U.S. volumes to China drops in August- Eikon data. SINGAPORE, Sept 19- Shipments of liquefied natural gas from the United States to China remain cheaper than other sources despite a 10 percent tariff that was imposed on the cargoes this week in the trade war between the two nations, industry sources said on Wednesday.

  • NAIROBI, Sept 19- Kenya's Finance Minister Henry Rotich has cut the government's spending budget by 55.1 billion shillings, or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday. The government is facing a tough balancing act after a public outcry over a new 16 percent value added tax on all petroleum products forced...

  • MOSCOW, Sept 19- The start of aluminum production at Russia's Taishet aluminum smelter, a project of sanctions-hit Rusal, has been postponed until after 2020, Russia's economy ministry said in materials prepared for a government meeting. Rusal, the world's No.2 aluminum producer after China's Hongqiao, declined comment. The United States imposed sanctions...

  • CAIRO, Sept 19- Egypt's finance minister said on Wednesday the government would evaluate the method of remaining state company sales in January after five share offerings planned before the end of this year.

  • NEW YORK, Sept 19- The dollar was steady against the euro and the Japanese yen and slipped against the risk-sensitive Aussie, as investors appeared little shaken by the latest round of tariffs announced by China and the United States. The Australian dollar, seen as a proxy for China- related trades as well as a barometer of broader risk sentiment, was 0.48 percent...

  • HONG KONG, Sept 19- Chinese police said on Wednesday they had arrested a 30- year-old man in connection with the theft of client information from Shanghai- based hotel operator Huazhu Group. Shanghai police said on Aug. 29 that they were investigating a possible data breach at Huazhu Group after state media said nearly 500 million pieces of customer-related...

  • WASHINGTON, Sept 19- U.S. Chamber of Commerce President Tom Donohue said on Wednesday that the Trump administration could still avoid a full-blown global trade war that erodes business confidence if it seals a trilateral NAFTA trade deal and makes progress on European trade issues in the coming weeks. "The single biggest threat facing the economy right now is...

  • BERLIN, Sept 19- German Finance Minister Olaf Scholz said on Wednesday that euro zone governments should agree this year on next steps for completing their banking union in order to make the single currency bloc resilient for the next crisis. "It would be a big pity if we wouldn't have established all the instruments necessary when it happens," Scholz said during a...

  • *Albayrak to roll out new economic program. ANKARA, Sept 19- Turkey will on Thursday cut its growth forecasts for this year and next amid a deep currency crisis, although the extent of next year's revision is still being debated by top government officials, sources said. Finance Minister Berat Albayrak is due to announce the forecasts in a new medium-term program...

  • NEW YORK— CNN's Chris Cuomo is adding a radio show to his television work. Cuomo is the brother of New York Gov. Andrew Cuomo and son of the late New York Gov.

  • Sept 19- Canada's main stock index gained ground on Wednesday as the materials group got a boost from higher gold prices and as the healthcare sector rose, led by cannabis producers. *At 10:07 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 29.42 points, or 0.18 percent, at 16,225.46. Trade Representative Robert Lighthizer in Washington on...

  • *Saudi Arabia outperforms in Gulf. DUBAI, Sept 19- Egypt's stock market plunged to its lowest close this year on Wednesday as liquidity tightened, while most Gulf markets were little changed and Saudi Arabia continued to rebound from six-month lows. Fund managers said Egypt's slide was at least partly due to jitters in emerging markets globally, although MSCI's...

  • The Register-Herald reports Summers and Monroe counties Circuit Court Judge Robert Irons issued the stay Tuesday over construction in Summers County. Ashby Berkley, the Greenbrier River Watershed Association and other petitioners brought the motion after neighbors told Berkley workers started removing trees on his land last week.

  • CHAMBER'S DONOHUE SAYS THERE CANNOT BE A NAFTA DEAL WITHOUT CANADA JOINING PACT.

  • U.S. CHAMBER'S DONOHUE SAYS UNITED STATES NOT IN A TRADE WAR YET.

  • The World Bank said Wednesday that 10 percent of the world's population lived on less than $1.90 a day in 2015— the last year for which numbers were available— down from 11.2 percent in 2013. Poverty dropped everywhere but the Middle East and North Africa, where conflicts in Syria and Yemen ratcheted the poverty rate to 5 percent in 2015 from 2.6 percent in 2013,...

  • SOUTHWEST HARBOR, Maine— These lobsters are going to pot in more ways than one. A Maine lobster pound is banking on using marijuana to try to make cooking the crustaceans a little more humane. The owner, Charlotte Gill, tells WMTW-TV she put a test lobster in a box with a few inches of water before marijuana smoke was blown into the box.

  • Sept 19- John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156- year-old insurer, owned by Canada's Manulife Financial...

  • NEW YORK, Sept 19- A division of PNC Financial Services Group Inc will use technology built by startup Ripple to process international payments, the companies said on Wednesday, a possible precursor to the use of blockchain in mainstream finance. Several banks have tested or deployed xCurrent, which uses "bi-directional messaging" that can eventually plug them...