CNBC Utilities Page Wires

  • BERLIN, March 25- The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 180- km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday. Nord Stream 2 spokesman Jens Mueller said there was "good reason" to believe Danish authorities...

  • HONG KONG, March 25- China Vanke Co, the country's No. 2 property developer by sales, reported a 22.8 percent rise in 2018 core profit on Monday helped by higher margins. Its results highlight overall strength in earnings for the sector, with most of China's major developers such as Country Garden reporting record profits recently, although analysts expect profit...

  • The most active corn futures on the Chicago Board of Trade were up 0.1 percent at $3.78-3/ 4 a bushel at 1201 GMT, having gained 0.5 percent in the previous session when prices marked their highest since Feb. 8 at $3.80-3/ 4 a bushel. The U.S. Department of Agriculture announced corn sales totalling 300,000 tonnes to China on Friday- the largest purchase by Beijing in...

  • MADRID/ SAN FRANCISCO, March 25- An independent study lead by an academic group in Spain has shown that what personal information can be collected by pre-installed programs on new Android mobile devices is expansive and faces little oversight. The investigation by the public Universidad Carlos III de Madrid, IMDEA Networks Institute and Stony Brook...

  • LONDON, March 25- World stocks hit a 12- day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The Ifo report cushioned some of the falls for European stocks with indexes in Frankfurt and Paris easing 0.2 percent. London's FTSE fell 0.5...

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. LONDON, March 25- Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC's production cuts and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were down 36 cents, or 0.54 percent, at $66.67 per barrel at 1200 GMT, while U.S.

  • LONDON, March 25- Germany's benchmark 10- year bond yield moved back towards zero percent on Monday after a surprise rise in business sentiment took the edge off market fears about a dire economic outlook. Poor manufacturing activity data on Friday from Europe's powerhouse economy had pushed long-dated German bond yields below zero percent in the biggest...

  • OSLO, March 25- Norwegian Air will lease planes and postpone the sale of older models in its fleet following the grounding of Boeing 737 MAX aircraft, the airline said on Monday. The budget carrier will also use some of its bigger Boeing 787 Dreamliners to offset the effects of the grounding of its 18 MAX jets- about 11 percent of its fleet. The 737 MAX was grounded...

  • March 25- Tradeweb Markets Inc, an electronic trading platform for bonds and derivative instruments, said on Monday it is planning to raise up to $709 million in an initial public offering. The New York- based company, which has 222.2 million shares outstanding, said it expects to offer 27.3 million shares at a price of $24- $26 per share, the company said in a...

  • LONDON, March 25- Goldman Sachs's British business on average paid women 51 percent less than men per hour in 2018, the U.S. investment bank said on Monday, down from 56 percent the year before. The gap does not reflect the bank paying women at the same level differently from men, the bank said, but rather the fact that fewer women hold the more senior roles that have...

  • JAKARTA, March 25- Indonesia's government said on Monday it will encourage the country's palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world's biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that...

  • March 25- Gold rose on Monday as investors flocked towards safe-haven assets on concerns over a possible recession in the United States that dented the dollar and added to an increasingly bleak picture on global growth. Spot gold gained 0.3 percent to $1,316.58 an ounce at 1115 GMT. "The market has continued to rise in response to the continued worries that we...

  • OSLO, March 25- Norwegian Air will lease planes and postpone the sale of older models in its fleet following the grounding of its Boeing 737 MAX aircraft, the company said on Monday.

  • March 25- U.S. stock index futures dipped on Monday, struggling to shrug off global economic slowdown worries triggered by weak factory numbers, despite a report that President Donald Trump's campaign did not collude with Russia and positive data from Germany. Wall Street's main indexes on Friday posted their biggest one-day percentage declines since Jan. 3,...

  • HELSINKI, March 25- Finnish utility Fortum will start recycling lithium-ion batteries, it said on Monday, joining a global market it estimates could be worth at least 20 billion euros a year by 2025 as demand for electric cars takes off. Fortum said it would become the first company in Europe to offer an industrial scale hydrometallurgical process for...

  • LONDON, March 25- Germany's benchmark 10- year bond yield moved back to zero percent on Monday after a surprise rise in business sentiment took the edge off market fears about a dire economic outlook. Poor manufacturing activity data on Friday from Europe's powerhouse economy had pushed long-dated German bond yields below zero percent in the biggest one-day...

  • *Says trade war shifts helped soybean activity in Brazil. PARIS, March 25- Agricultural commodity merchant Louis Dreyfus Company said on Monday trading opportunities created by the U.S.-Chinese trade dispute boosted its soybean business last year, contributing to a sharp rise in group profit. LDC posted record soybean export volumes from Brazil as the South...

  • Only a fraction of expense reports are closely examined, so it is no wonder that companies experience more than $7 billion in annual losses from fraud, according to the Association of Certified Fraud Examiners. By using robots, instead of relying on random spot checks, companies are catching fraud more than twice as fast and fraud losses are halved, said Andi...

  • CHICAGO, March 25- A blanket of heavy, wet snow covering most of North Dakota, the top U.S. wheat state, threatens to delay planting of spring wheat in another blow to a U.S. farm belt already facing billions of dollars in damage from flooding. Farmers from Missouri to South Dakota have seen their corn and soybean fields flooded by swollen rivers as winter snow melts, a...

  • NEW DELHI, March 25- Jet Airways Chairman Naresh Goyal will step down from the board and reduce his stake in the cash-strapped Indian carrier, the company said on Monday as it closes in on a rescue deal led by state-run banks. The banks, led by State Bank of India, will convert their debt into equity and take a controlling stake in the airline for a token sum of 1 rupee, Jet...