CNBC Utilities Page Wires

  • SINGAPORE, April 24- Indonesia's state-owned energy company Pertamina has bought its first ever cargo of U.S. crude oil, which is set to arrive at one of its refineries in June, a source with knowledge of the matter said on Wednesday. The shipment of close to 600,000 barrels of West Texas Intermediate Midland crude was loaded onto the Aframax tanker China Dawn on...

  • *MSCI Asia ex- Japan off 0.5 pct, S.Korea and China weigh. SHANGHAI, April 24- Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 percent lower, erasing early gains in...

  • BEIJING, April 24- China's Tencent Trusted Doctor, a venture backed by tech giant Tencent Holdings, said it has raised $250 million in a fundraising round, as investors pile into China's online private healthcare sector. Tencent Trusted Doctor is among a number of technology-driven firms looking to shake up China's overburdened public healthcare market, with...

  • The company, striving to improve margins and post a profit later this year, has laid off workers including about half of the team hired to deliver cars in the United States, and said it would close stores to lower costs. With the upgrades, the long-range version of Model S and X can now travel 370 miles and 325 miles, respectively, on the U.S. Environmental Protection...

  • SEOUL, April 24- South Korean steelmaker POSCO on Wednesday said its first-quarter operating profit slid 19 percent from a year earlier amid higher costs for raw materials, matching analyst forecasts. The world's fifth-biggest steelmaker said in a statement that it posted a consolidated operating profit of 1.2 trillion won in the first quarter, compared...

  • KUALA LUMPUR, April 23- Malaysia is hopeful of getting more "fair" investment from China, its foreign minister said on Tuesday, after both countries agreed to resume two multi-billion dollar projects just before a Belt and Road conference in Beijing this week. Last week, Mahathir announced the resumption of a multi-billion dollar property development linked to...

  • The letter from Democrats and Republicans on the U.S. House Energy and Commerce Committee to CEO Sundar Pichai seeks a briefing and answers on how this information is used and shared, citing a New York Times report that the database includes nearly every consumer with an Android mobile device, in some cases storing information dating back to 2009..

  • April 23- Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter. SoftBank has engaged financial advisers and is working on a deal to acquire bonds that can be converted into Wirecard shares, Bloomberg...

  • Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. It said Chinese Vice Premier Liu He, who will lead the Beijing talks for China, will also travel to Washington for more discussions starting on May 8. Earlier on Tuesday, Larry...

  • *Spot gold had fallen 0.1 percent to $1,270.40 per ounce by 0105 GMT, having hit its lowest since the end of last year at $1,265.90 in the last session. *Public debt in Greece and Italy, the two most indebted countries in the euro zone, grew last year while the bloc as a whole saw its liabilities decrease, the European Union statistics office said on Tuesday.

  • SYDNEY, April 24- U.S. soybean futures inched up on Wednesday to creep away from a near five-month low touched in the previous session, but gains were checked amid fears that an outbreak of African swine fever will hit Chinese demand. *The most active soybean futures on the Chicago Board of Trade were up 0.1 percent at $8.63 a bushel by 0050 GMT. *The most active corn...

  • HONG KONG, April 23- Chinese President Xi Jinping is refashioning his country's military into a potent fighting force that in some critical areas now surpasses the U.S. armed forces, making an American victory over China in a regional war far from assured, Reuters reports today. According to retired Admiral Gary Roughead, who held the top job in the U.S. Navy,...

  • *MSCI Asia ex- Japan +0.1 pct. SHANGHAI, April 24- Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia.

  • LONDON, April 23- " The United States, Saudi Arabia and the United Arab Emirates... are committed to ensuring that global oil markets remain adequately supplied," the White House said in a press statement issued on Monday. "We have commitments from oil-producing countries, including the kingdom of Saudi Arabia and the United Arab Emirates, to increase oil production...

  • TESLA-ALL EXISTING MODEL S, MODEL X OWNERS WHO PURCHASE NEW MODEL S OR MODEL X PERFORMANCE CAR WILL GET LUDICROUS MODE UPGRADE AT NO ADDITIONAL CHARGE.

  • TESLA SAYS MODEL S, MODEL X NOW COME WITH NEW DRIVETRAIN DESIGN THAT INCREASES EACH VEHICLES RANGE SUBSTANTIALLY.

  • TOKYO, April 24- Japan's Heisei era, which began when Emperor Akihito inherited the throne on Jan. 7, 1989, and ends when he abdicates on April 30, saw economic stagnation, disasters and technological change. But if they don't know about how Japan fought a war some 70 years ago, we may follow a mistaken path again, "Nihei told Reuters before speaking to students at the...

  • President Donald Trump met with Twitter Inc Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he had lost some Twitter followers, a person briefed on the matter said. The meeting, which was organized by the White House last week, came hours after Trump again attacked the social media company over his allegations it is...

  • Federal Reserve Today in Washington. 24- Apr United States Sale of 2- year floating rate notes 24- Apr United States Sale of 5- year notes 24- Apr Italy CTZ/BTPi auction 24- Apr Sweden Auction of government bonds 24- Apr Germany Auction of 10- year Federal bonds 25- Apr United States Sale of 7- year notes 26- Apr Italy Bills auction 29- Apr Belgium OLO Auction 30-...

  • SAN FRANCISCO, April 23- PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider's safety goals to prevent wildfires, a judge said on Tuesday. While the maximum cost of the plan is $350 million, PG&E has said it expects the likely cost will be around $235 million. Judge Dennis Montali of the...