CNBC Utilities Page Wires

  • LONDON, Jan 17- Aluminum fell on Thursday after a vote by U.S. lawmakers cleared the way for sanctions to be lifted on major producer Rusal, potentially increasing supply. The U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal. "We've certainly started to see some...

  • *OPEC leads efforts to cut supply to rein in glut. LONDON, Jan 17- Oil prices fell by 2 percent on Thursday after U.S. crude production neared an unprecedented 12 million barrels per day and concern grew over weakening demand, particularly in light of the trade dispute between the United States and China. In response to the drop in price in the second half of last year,...

  • MORGAN STANLEY CFO JONATHAN PRUZAN SAYS FIRM SAW SHARP LOSSES IN INVESTMENTS RELATED TO EMPLOYEE'S DEFERRED COMPENSATION.

  • MORGAN STANLEY CEO SAYS BANK WILL PRIORITIZE REVENUE GROWTH OVER PRE-TAX MARGINS IN WEALTH BUSINESS.

  • Jan 17- Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks. Its shares had risen 2 percent ahead of its quarterly report following strong earnings from its peers Goldman Sachs and Bank of America on Tuesday. Investors worried that...

  • MORGAN STANLEY CEO SAYS A BANK OF ITS SCALE SHOULD BE IN CONTROL OF ITS OWN DESTINY REGARDING BUSINESS IN CHINA.

  • MORGAN STANLEY CEO SAYS BANK EXPECTS TO GROW ITS MAJORITY OWNERSHIP OF ITS CHINA BUSINESS' OVER TIME'.

  • BRENT CRUDE OIL FUTURES FALL 2 PERCENT ON THE DAY TO $60.08 A BARREL, IN LINE WITH SLIDE IN WTI.

  • VIENNA, Jan 17- Voestalpine blamed operating problems in the United States and provisions from a German cartel investigation for its second profit warning in four months, sending shares in the Austrian steelmaker 8 percent lower on Thursday. The group lowered its full-year guidance for earnings before interest and tax to 750 million euros, after having...

  • THE HAGUE, Jan 17- Angry Dutch citizens on Thursday asked their country's highest court to put an immediate end to natural gas production in the Groningen region due to the risk of earthquakes. Once Europe's largest gas field, decades of extraction have led to dozens of minor tremors every year, damaging thousands of homes and sparking unrest among locals and...

  • Jan 17- PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday said the U.S. power company's decision to file for bankruptcy was unnecessary, arguing that there was evidence the company was solvent. Earlier this week, the biggest U.S. power utility by customers said it was preparing for Chapter 11 bankruptcy protection as soon as this month amid...

  • Morgan Stanley's total sales and trading net revenue fell 7 percent to $2.49 billion, for the quarter ended Dec. 31. Net revenue fell 10 percent to $8.55 billion, falling well short of analysts' average expectation of $9.30 billion, according to IBES data from Refinitiv. Net income applicable to Morgan Stanley jumped to $1.53 billion, or 80 cents per share, in the...

  • LONDON, Jan 17- The outlook for Britain's housing market is darkening fast ahead of Brexit, with sales expectations falling to their lowest level in at least 20 years by one measure, surveys showed on Thursday. Britain is due to leave the European Union on March 29 and there is still no clarity over the terms of its departure, after lawmakers rejected Prime Minister...

  • WTI CRUDE OIL FUTURES EXTEND DECLINE AFTER BUILD IN INVENTORIES, DOWN $1 ON THE DAY TO $51.31 A BARREL.

  • Jan 17- Morgan Stanley's fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law. Net income applicable to Morgan Stanley jumped to $1.53 billion, or 80 cents per share, in the fourth quarter ended Dec. 31, from $643 million, or 26 cents per share, a year earlier. On an adjusted basis, the bank...

  • BEIJING, Jan 17- Germany and China are working on ways to improve market access for each other's banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade tensions through talks. Germany and China both want to signal that the world remains multilateral and that all countries are trying to...

  • Jan 17- Tesla Inc's customer referral incentive plan will end on Feb. 1, the electric carmaker's Chief Executive Officer Elon Musk tweeted on Thursday, citing costs. Musk tweet https://twitter.com/elonmusk/status/1085779971333705728ed that the referral program is ending because "it's adding too much cost to the cars, especially Model 3".

  • Jan 17- Morgan Stanley's fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law. Net income applicable to Morgan Stanley jumped to $1.53 billion, or 80 cents per share, in the fourth quarter ended Dec. 31, from $643 million, or 26 cents per share, a year earlier. On an adjusted basis, the bank...

  • LONDON, Jan 17- Chicago soybean futures rose for a second session on Thursday as adverse weather in South America supported prices, while wheat and corn also gained. The most-active soybean contract on the Chicago Board of Trade was up 0.4 percent at $8.98 a bushel by 1156 GMT. "Brazil's crop forecasts are being lowered, which is supporting prices but we don't...

  • NAIROBI, Jan 17- Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO's expectations, he said on Thursday. Safaricom, part-owned by South Africa's Vodacom and Britain's Vodafone, launched the new overdraft feature called Fuliza on Jan. 7 this year.