CNBC Utilities Page Wires

  • The company now expects 2019 sales of $36.5 billion and $37.2 billion, up from $36.0 billion to $36.9 billion. Profit forecast was raised to a range of $7.90 to $8.15 from a range of $7.80 to $8.10 per share. Honeywell earned $1.92 per share in the first quarter, beating analysts' average estimate of $1.83 per share, according to IBES data from Refinitv.

  • LONDON, April 18- Indian Oil Corp is seeking a spot liquefied natural gas cargo for delivery in June, two industry sources said on Thursday.

  • *Jakarta shares surge to near 14- month high, then cool. Early in the day, Jakarta shares were up as much as 2.4 percent to their highest level since February 2018. In Jakarta, the rupiah ended the day 0.3 percent stronger at 14,040 to the dollar, its firmest closing in seven weeks.

  • LONDON, April 18- Nigeria's current policy of multiple exchange rates for its currency, the naira, is working well, and the central bank is unlikely to change it anytime soon, the government's information minister said. Nigeria has maintained multiple exchange rates since currency controls were introduced in 2015 to counter the impact of falling prices for...

  • LONDON, April 18- Britain has long been a favored playground for sovereign wealth funds from around the world to snap up glitzy skyscrapers, banking stakes and posh department stores. "A lot of funds are simply not pursuing deals, while they wait for certainty," said Tihir Sarkar, London- based partner at Cleary Gottlieb, which counts several prominent sovereign...

  • Losses in bank-heavy Milan and Madrid indexes led declines, while Germany's DAX edged higher. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "We... have confirmation that we are in a bit of a weak spot in Europe, if you look at...

  • *Q2 revenue forecast range $7.55 bln to $7.65 bln. TAIPEI, April 18- Taiwan's TSMC struck an upbeat note about the outlook for the depressed global chip market, betting that a rollout of faster 5 G mobile network would buoy demand, even as it posted its steepest quarterly profit drop in more than seven years. "The settlement will bring forward 5 G adoption; this will...

  • PARIS, April 18- Samsung Electronics could become one of Orange's providers for a possible 5 G telecoms frequency in France, said Orange's head Stephane Richard on Thursday. France's 5 G telecoms frequencies auction should start later this year. France's four main telecoms operators- leader Orange, Bouygues Telecom, Altice Europe's SFR and Iliad- regularly...

  • MILAN, April 18- Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's chief executive said on Thursday. Chief Executive Stefano Cao said in present market conditions there was no value to extract from a trade sale of Saipem's onshore and offshore drilling businesses.

  • LONDON, April 18- Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses. Brent crude futures were at $71.49 a barrel at 0943 GMT, down 13 cents from their last close and further away from Wednesday's five-month high of $72.27 a barrel.

  • *Q3 sales 2.003 bln euros, up 2.5 pct like-for-like. PARIS, April 18- French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, raised its profit outlook on bets cost savings and Chinese demand will offset a slowdown in quarterly sales growth. Pernod, the world's second-largest spirits group after Diageo, is hoping cost cuts,...

  • STOCKHOLM, April 18- Swedish engineering group Sandvik reported first-quarter operating earnings just below market expectations on Thursday, but beat forecasts for order intake and said demand had remained solid in the quarter. Sandvik's shares were up 1.8 percent at 1025 GMT, after falling nearly 3 percent in earlier trade. Demand remained generally...

  • PARIS, April 18- Kering shares retreated sharply on Thursday after signs of slowing growth at the French luxury group's Gucci brand, particularly in the United States. Gucci, with annual sales surpassing 8 billion euros, has outperformed most of its peers in the past two years thanks to a flamboyant revamp under designer Alessandro Michele.

  • LISBON, April 18- Portuguese fuel-tanker drivers have ended a national strike after agreeing to return to negotiations over demands for better pay and conditions, the government said on Thursday, ending the country's worst outbreak of industrial unrest in years. "Drivers made their voices heard and they managed to start a negotiation process with the...

  • Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers' Index suggest a contraction among manufacturers in Europe's largest economy will continue for a few more months at least. Activity in France, the bloc's second-biggest economy, only stabilized this month after contracting in March. Germany and France are the only two...

  • *Indonesia's rupiah, shares rise on election optimism. *Turkey's lira slips on FX reserves worry. Indonesia's rupiah and stocks bucked the gloom after early election results indicated incumbent leader Joko Widodo is set to be re-elected, giving him another five years to deliver on a reform agenda and revive economic growth.

  • LONDON, April 18- Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend. Germany's DAX more than doubled losses on the day to trade 0.3 percent lower after the release of the German survey, while the pan-European...

  • LONDON, April 18- Euro zone government bond yields fell on Thursday after a business survey painted a bleak picture for German manufacturing, fuelling worries about the euro zone economy. Activity in Germany's services rose to a seven-month high in April, a survey showed on Thursday, but investors focused on the 44.5 reading for manufacturing, below the 50.0...

  • SHANGHAI, April 18- Hong Kong stocks fell on Thursday to end below the 30,000- mark, a psychologically key resistance level, as investors booked profits while awaiting fresh catalysts following a spate of economic data this week that offered tentative signs of an economic rebound on the mainland. **China's economy grew at a steady 6.4 percent pace in the first...

  • Recent data out of Europe have indicated an economy struggling to grow, prompting policymakers to push into 2020 the timing for their first interest rate increase and investors to shed their euro holdings. Data this week from China, a big source of demand for European factories, has indicated growing signs of strength in the world's second-biggest economy.