CNBC Utilities Page Wires

  • Spot gold edged 0.1 percent higher to $1,223.02 an ounce by 1004 GMT. U.S. gold futures eased by 0.1 percent to $1,226.10. "Overall, we have been technically breaking above the previous highs, so it will be difficult for gold prices to move below that," said ABN AMRO analyst Georgette Boele.

  • *TSMC expects Q4 revenue of $9.35- $9.45 bln. TAIPEI, Oct 18- Taiwan Semiconductor Manufacturing Co offered a modest fourth-quarter revenue growth outlook, predicting weaker sales of high-performance computers for cryptocurrency mining will partially offset solid demand for chips from smartphones. TSMC forecast its fourth-quarter revenue at $9.35...

  • GENEVA, Oct 18- Nigeria's state oil firm NNPC has extended its crude-for-product swap contracts, the country's main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said. Despite having a refining capacity of about 445,000 barrels per day, its plants have been underperforming for years, making Africa's biggest oil...

  • *BOJ cuts view for two of Japan's nine regions. *Kuroda sticks to upbeat view on Japan's economy. Companies were worried that higher U.S. tariffs imposed on China could trigger an inflow of cheap Chinese goods to Japan, disrupt supply chains or hurt their profits, the quarterly report said.

  • ZHOUSHAN, China, Oct 18- Exxon Mobil Corp has signed a framework agreement to supply liquefied natural gas to Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy's first long-term supply deal. Peter Clarke, president of Exxon Mobil gas and power marketing, was speaking at the International Petroleum and Natural Gas...

  • *U.S. refrains from naming China currency manipulator. Oct 18- Emerging-market shares resumed this year's declines on Thursday as Chinese stocks tumbled to four-year lows, but the Turkish lira hit two-month highs as the dollar weakened and ties with the United States showed signs of improving. Stock markets in South Korea, Taiwan, Russia and Turkey all fell.

  • *FTSE 100 up 0.2 pct. The FTSE 100 was up 0.2 percent by 0954 GMT. Education publisher Pearson was the second-largest gainer on the FTSE, rising 3.7 percent and extending the previous day's rally.

  • BUDAPEST, Oct 18- Hungarian government bond yields continued to ease on Thursday, but levels remained relatively elevated, attracting investors despite a rise in yields in Europe and the United States. Ten-year yields in Germany and Poland were 2 basis points higher at 0.48 and 3.21 percent respectively on Thursday. Earlier this month the yield on Hungary's...

  • Oct 17- Uber Technologies Inc said on Wednesday it is entering the trailer leasing business. Powerloop, which would rent trailers to carriers, is currently available in Texas, Uber said, adding that it expects to expand the new business to other U.S. regions. San Francisco- based Uber plans to go public next year and could be valued at $120 billion, according to a media...

  • BRUSSELS, Oct 18- British Prime Minister Theresa May signalled on Thursday she would consider extending a so-called transition period "for a matter of months" after Britain leaves the European Union, a move her critics say is a betrayal of Brexit. Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, Brexit talks have...

  • *UK retail sales drop 0.8 pct in Sept, largest fall since March Food purchases fall by most since October 2015. LONDON, Oct 18- A free-spending summer by British consumers came to an abrupt end last month with the biggest fall in sales in six months, raising questions about one of the main drivers of the economy ahead of Brexit, official figures showed.

  • PARIS, Oct 18- Demand in China and India powered a 10.4 percent rise in quarterly sales for France's Pernod Ricard, helping the maker of Absolut vodka and Martell cognac offset slower progress in its main U.S. market. Pernod, the world's second-biggest spirits group behind Britain's Diageo, however cautioned sales growth would moderate in the full 2018-19...

  • *Heidelberg Cement falls on update. "European markets have opened mixed this morning, shrugging off a disappointing session in Asia, where the reaction to last nights Fed minutes was anything but positive," said Michael Hewson, chief market analyst at CMC Markets. French supermarket operator Carrefour was the top gainer in early trading, up 7.5 percent as sales...

  • *U.S. report doesn't label China as currency manipulator. China's premier warned of risks to the economy from an escalating tariff war with the United States. London's FTSE traded 0.1 percent higher and Frankfurt's DAX and Paris's CAC both rose 0.3 percent.

  • HONG KONG, Oct 18- Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. Li Zheming, an analyst at Datong Securities in Xi'an, said the market was dragged down by a confluence of factors, and that overall...

  • BERLIN, Oct 18- Germany's Chambers of Industry and Commerce DIHK on Thursday cut its 2018 growth forecast to 1.8 percent from 2.2 percent and predicted a slowdown to 1.7 percent next year as Europe's largest economy faces mounting risks at home and abroad. The forecasts are based on the assumption that global trade disputes do not escalate and Britain does not...

  • LONDON, Oct 18- The British pound recovered to trade flat on Thursday after Prime Minister Theresa May confirmed she was open to discussing an extension of the transition period after Brexit. Sterling was steady at $1.3114, after earlier dipping to $1.3076, although it briefly took a hit after data showed UK retail sales fell by the most in six months in September.

  • *Iran oil exports decline may wane soon as price support-analyst. LONDON, Oct 18- Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. Brent crude, the global benchmark, was down 50 cents at $79.55 a barrel at 0840 GMT.

  • FRANKFURT, Oct 18- Industrial gases group Praxair and Linde are set to win U.S. antitrust approval for their planned $86 billion merger, clearing the last major hurdle for the deal, German monthly Manager Magazin reported. The Praxair board has been given verbal assurance by the U.S. Federal Trade Commission that the conditional go-ahead was imminent, and the...

  • *Company veteran Johnson to replace her as Asia- Africa boss. ZURICH, Oct 18- Nestle's highly regarded Asia chief Wan Ling Martello is leaving the world's largest packaged food company, taking the shine off the faster sales growth over the last three months. The former Walmart executive has taken a keen interest in e-commerce, an area where Nestle was weak...