CNBC Utilities Page Wires

  • *China Enterprises index HSCE falls 0.07 percent. Dec 17- Shares in Hong Kong finished flat on Monday amid low trading volumes, as investors await the outcome of key policy meetings this week in China and the United States. **Many investors are awaiting a speech from President Xi Jinping on Tuesday to mark the 40th anniversary of China's reform and opening.

  • LONDON, Dec 17- European shares tumbled again on Monday as a profit warning from online fashion retailer ASOS sent retail stocks spiraling down as investors fretted that consumers are failing to deliver the traditional pre-Christmas spending boost to markets. Euro zone stocks were down 0.5 percent while Germany's DAX fell 0.2 percent and Britain's FTSE 100...

  • *Malaysia also files charges against two former Goldman bankers. *Malaysia says Goldman has "fallen short of any standard". KUALA LUMPUR, Dec 17- Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank's former employees in connection with a corruption and money laundering probe at state fund 1 MDB.

  • BEIJING, Dec 17- China's central bank sold a net 57.1 billion yuan worth of foreign exchange in November, according to Reuters calculations based on central bank data released on Monday. The following are historical data for central bank foreign exchange sales/purchases since Nov 2017, based on Reuters calculations. Month Net change Nov 2018 -571.30 Oct 2018...

  • CHINA C.BANKS NET FOREX SALE 57.1 BLN YUAN IN NOV-REUTERS CALCULATIONS.

  • *Japan, South Korea could be among hardest hit- IMF official. TOKYO, Dec 17- Trade frictions between China and the United States are already affecting business confidence and investment in Asia, a senior International Monetary Fund official said, warning that the fund could further cut its global growth forecasts in January. Changyong Rhee, director of the IMF's...

  • LONDON, Dec 17- Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday. The year has been a tough one, with big drops in European and Asian stocks and even U.S. equities recently...

  • *China says ensuring rights protected of both men. *China has given few details of charges against them. OTTAWA/ BEIJING, Dec 17- Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were...

  • *Benefits of easing outweigh side-effects- Japan mission chief. TOKYO, Dec 17- Japan should ensure that spending measures to ease the pain on the economy from next year's scheduled sales tax hike are temporary and well-communicated, a senior International Monetary Fund official said on Monday. Paul Cashin, the IMF's mission chief for Japan, also said the...

  • MELBOURNE/ BEIJING, Dec 17- Most base metals rose on Monday, starting the week with cautious optimism that China and the United States will be able to resolve a trade row that has weighed on prices for most of this year, although weak economic indicators capped gains. Investors are now focusing on a speech by Chinese President Xi Jinping to mark the 40th anniversary...

  • Crown Prince of Saudi Arabia Mohammad bin Salman speaks in Riyadh.

    The kingdom issued a statement on Monday condemning the Senate's conclusions on the murder of journalist Jamal Khashoggi.

  • LONDON, Dec 17- The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report. Global investment in oil and gas production, known as upstream, is expected to reach around $425 billion next year, according to WoodMac analyst...

  • *GRAPHIC: World and China steel output, forecast: https://tmsnrt.rs/2OrIoPG. Dec 17- China's steel and iron ore prices have started to climb in response to winter production curbs, but recent gains are far from suggestive of a rosy outlook for the sector. Benchmark steel rebar in Shanghai closed on Dec. 14 at 3,427 yuan a tonne, up 3.7 percent from the close of Dec. 11,...

  • *ABB to return $7.6- 7.8 billion to shareholders. TOKYO/ ZURICH, Dec 17- ABB will sell 80.1 percent of its Power Grids division to Japan's Hitachi, the Swiss engineering group said on Monday, adding it would return net cash proceeds of $7.6- 7.8 billion from the deal to shareholders. That reshuffle will result in roughly $500 million annual run-rate cost reductions...

  • TOKYO, Dec 17- Japan's Nikkei rose on Monday, recouping some of the sharp losses seen at the end of last week as investors picked up battered shares, but the upside was curbed by rising concerns over global growth. The Nikkei share average rose 0.6 percent to 21,506.88, after it slumped 2 percent on Friday on the back of grim Chinese data which also knocked Wall Street.

  • SHENZHEN, China, Dec 17- Ma Chunyan's hands appear to hold Vincent Van Gogh's swirling dreamscape vision of the night sky, the painter's iconic work "The Starry Night". Ma is one of 8,000 painters creating copies of Western art in Dafen, a tiny but densely populated district in the southern Chinese boomtown of Shenzhen, next to Hong Kong. Once an obscure village of 300...

  • "It is much healthier and we do a better job if we're not working crazy hours," said Jan Schulz-Hofen, founder of Berlin- based project management software company Planio, who introduced a four-day week to the company's 10- member staff earlier this year. Britain's Trades Union Congress is pushing for the whole country to move to a four-day week by the end of the...

  • WASHINGTON, Dec 17- The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. China has also cut tariffs on imports of cars from the United States, dialed...

  • *2- day meeting ends Dec 20, decision expected 0230-0400 GMT. *Governor Kuroda to brief media 0630 GMT. TOKYO, Dec 17- As the risks to the global economy rises, the Bank of Japan is expected to join a chorus of warnings from other policy-makers of the threat to growth from protectionism and signal its resolve to keep the money spigot open.

  • Dec 17- The percentage of high school seniors who used e-cigarettes in the last 30 days nearly doubled to 20.9 percent from last year, results of a survey released by the National Institute on Drug Abuse showed on Monday. Last month, the U.S. Food and Drug Administration, facing mounting pressure to act on the rising popularity of vaping devices, announced sweeping...