CNBC Utilities Page Wires

  • FRANKFURT, Nov 14- The European Central Bank's 2.6 trillion euro bond purchase scheme may have weakened the euro by 12 percent against the dollar, research published by the ECB argued on Wednesday, calling the impact of such buying "large and persistent." Facing criticism from the U.S. administration that Europe and in particular Germany were gaining an unfair...

  • TORONTO, Nov 14- The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Wednesday, extending its recovery from a nearly four-month low the day before as oil prices rebounded. The price of oil, one of Canada's major exports, recouped some of the previous session's slide on the growing prospect of OPEC and allied producers cutting output at...

  • Nov 14- Shares of utility PG&E Corp fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment was found responsible for starting the Camp wildfire currently raging in California. NBC said in a report https://nbcnews.to/2K4tvNZ on Tuesday that a day before the fire started, PG&E emailed a local landowner about "problems with...

  • *Oil prices rebound after plunge, energy stocks rise. Nov 14- U.S. stocks were set to open higher on Wednesday, after consumer prices in October rose as expected, keeping the Federal Reserve on track for gradual interest rate hikes, while a rebound in oil prices lifted energy stocks. The Labor Department said U.S. consumer prices rose 0.3 percent last month, after...

  • ZURICH, Nov 14- Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead. "Traceable sourcing of the precious metal is essential because it is the only way to prevent gold mined in breach of human rights from being imported into...

  • *Israel's debt-to-GDP ratio has fallen to 60 percent. The Bank of Israel has expressed concern that the Finance Ministry has set budget deficit targets of 2.9 percent of gross domestic product for the past two years and for 2019, arguing that level makes it hard to reduce public debt. "A deficit of 2.9 percent is too high given the economy is too close to full...

  • MEXICO CITY, Nov 14- Mexico's securities regulator has fined top banks, traders and brokers for simulating bond trades to pump up volumes, according to a government document and source, in one of the country's widest probes into the industry since the financial crisis. Citigroup-unit Citibanamex, Spain's BBVA Bancomer, Britain's Barclays, Switzerland's...

  • FRANKFURT, Nov 14- Volkswagen has provided job guarantees until 2028 for employees at its Emden and Hanover factories, and will spend 1.2 billion euros training workers at its Zwickau plant as it prepares to mass produce electric cars in Germany. Volkswagen said on Wednesday it would start building electric cars for three of its in-house brands in Zwickau,...

  • LONDON, Nov 14- With markets braced for a lengthy standoff between Rome and Brussels over Italy's 2019 spending plans, investors see little that could change their gloomy view of Italian bonds other than a snap election that alters the makeup of the government. With neither the European Union nor Rome minded to change tack, the stability of Italy's ruling...

  • LONDON, Nov 14- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied towards $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels...

  • Nov 14- Netflix Inc is testing a mobile-only subscription plan in Malaysia priced at roughly half its current basic plan in the country, the global leader in video streaming said on Wednesday. Netflix's mobile only plan costs just 17 Malaysian ringgit a month, compared to its Basic plan which costs 33 ringgit. Chief Executive Reed Hastings on Friday quashed...

  • GROUP OF THREE LAW FIRMS FILES LAWSUIT ON BEHALF OF VICTIMS OF CALIFORNIA'S "CAMP FIRE" AGAINST PG&E CORP.

  • NEW DELHI/ MUMBAI, Nov 14- India's government and its central bank are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to unnerve investors. While the rift is far from healed, the sources said enough progress had been made to avoid acrimony...

  • Nov 14- Vodafone Idea Ltd reported a second-quarter loss on Wednesday, in its first quarterly result since Vodafone Plc merged its Indian operations with Idea Cellular in August. Loss after tax was 49.74 billion rupees in the quarter ended Sept. 30, the company said in a statement...

  • *Consumer price index increases 0.3 percent in October. WASHINGTON, Nov 14- U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. The Labor Department said on Wednesday its...

  • AMSTERDAM, Nov 14- Dutch-Belgian supermarket group Ahold Delhaize, the owner of the Stop& Shop and Giant Food stores, is looking for acquisitions in the United States, its chief executive said in a Dutch newspaper report. The comments in Dutch newspaper Financieele Dagblad signal a potential strategy shift for Ahold under chief executive Frans Muller, who took...

  • *China retail sales growth slows, industrial output rises. LONDON, Nov 14- Base metals held steady on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. "It has a bit to do with the negative reaction to retail sales in China and that stock markets there had been down and also...

  • BRUSSELS, Nov 14- European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more powers to the European...

  • Nov 14- The Mexican and Chilean pesos rose against a steady dollar on Wednesday, while Brazil's real firmed slightly, recovering from earlier losses. Disappointment that pension reforms in Brazil may not be passed this year has kept the real under pressure since the beginning of the week, when President-elect Jair Bolsonaro broke the news.

  • U.S. stock index futures gained on Wednesday after U.S. consumer prices in October rose in line with expectations and added little pressure on the Federal Reserve for further interest rate hikes. At 8:36 a.m. ET, Dow e-minis were up 93 points, or 0.37 percent. S&P 500 e-minis were up 11 points, or 0.4 percent and Nasdaq 100 e-minis were up 30 points, or 0.44 percent.