CNBC Utilities Page Wires

  • JUJUY, Argentina, April 23- In an arid, lunar-like landscape in the sunny highlands of northern Argentina, South America's largest solar farm is rising, powered by funding and technology from China. Local officials said they had sought help at home, the United States and Europe without success. The Import-Export Bank of China saw it differently.

  • The decision by the Trump administration not to renew any of the waivers extended six months ago to eight importers of Iranian crude, including top buyers China and India, is a clear escalation of Washington's campaign against Tehran's nuclear program. It may be the case that Chinese refiners are stocking up on Iranian crude in anticipation of not getting any...

  • MADRID, April 23- As they prepare to vote in the most uncertain national election in decades, Spaniards can safely predict one thing regardless of political persuasion- that their next prime minister will be young, cosmopolitan, white and male. Conspicuously missing from the field are women, as well as anyone who identifies directly with the rapidly aging...

  • BAYER SHAREHOLDER BLACKROCK TO DENY MANAGEMENT ITS SUPPORT AT SHAREHOLDER VOTE AT FRIDAY AGM- SOURCES.

  • President Donald Trump, who has criticized Harley for its plans to shift some U.S. production overseas, weighed in after the results to say European Union tariffs on the manufacturer were "unfair" and vowed to reciprocate, without giving details. Harley, while again weighed down by a continuing decline in its popularity both in the United States and globally,...

  • April 23- Pentagon's No.1 weapons supplier Lockheed Martin Corp on Tuesday reported a 47 percent jump in quarterly profit and raised its 2019 profit forecast, sending shares up 4.5 percent before the bell. The company now expects full-year profit to range between $20.05 and $20.35 per share, compared with its previous forecast of $19.15 to $19.45.

  • April 23- Verizon Communications Inc on Tuesday reported a better-than-expected quarterly profit as the largest U.S. wireless carrier prepares for a wider 5 G rollout across the United States. The biggest U.S. wireless carrier by subscribers, however, said it lost a net 44,000 phone subscribers during the first quarter. On an adjusted basis, Verizon earned...

  • April 23- Procter& Gamble Co's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher prices and more demand for its premium fabric care and beauty products. The maker of Tide detergent and Pampers diapers said net income attributable to the company rose to $2.75 billion, or $1.04 per share, in the quarter ended March 31, from $2.51...

  • Revenue rose 5 percent to $8.02 billion, and the company earned 48 cents per share on an adjusted basis. Analysts had forecast earnings of 46 cents per share on revenue of $7.88 billion, according to Refinitiv IBES. Net income attributable to the company rose to $1.68 billion, or 39 cents per share, in the first quarter ended March 29 from $1.37 billion, or 32 cents per...

  • FRANKFURT, April 23- German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker's emissions cheating scandal. VW has argued the cheating was the work of a handful of engineers who acted without the consent or knowledge of members of the management board,...

  • MOSCOW, April 23- Private shareholders in Moscow's Sheremetyevo airport may sell a 30 percent stake to raise money for a potential purchase of Russia's 30.5 percent holding at a later date, the chairman of Sheremetyevo's board Alexander Ponomarenko told Reuters. Sheremetyevo is Russia's biggest airport and one of Europe's busiest with traffic of 46 million...

  • The company, whose stock has risen 10 percent since the fatal crash in Ethiopia in March, raised the low end of its 2019 forecast for adjusted earnings per share by 10 cents to $7.80, while keeping the upper end unchanged at $8.00. On an adjusted basis, the company earned $1.91 per share, beating analysts' average estimate of $1.71 per share, according to IBES data from...

  • PARIS, April 23- The' Instex' mechanism set up by France, Britain and Germany for Iran to skirt U.S. sanctions is making positive progress, said the French foreign ministry on Tuesday, as it responded to the latest moves by the U.S. government to put pressure on Iran. Iran must also, for its part, make progress on its equivalent counterparty, "said the French foreign...

  • President Donald Trump on Tuesday said European Union tariffs facing motorcycle manufacturer Harley Davidson Inc were "unfair" and vowed to reciprocate, but gave no other details.

  • *Shareholders have long complained about rights in Japan Inc. TOKYO, April 23- A simmering boardroom battle at toilet maker Lixil Group has emerged as a test case for whether minority shareholders can improve corporate governance in Japan, the man at the center of the tussle told Reuters. "In Japan even fairly big companies have these kingmakers who are in power...

  • 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,...

  • *Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. LONDON, April 23- The dollar held near three-week highs on Tuesday as a drop in market volatility ramped up demand for riskier assets, with higher U.S. bond yields also offering some support. "We are in a very range-bound market with the broader picture being more positive for the dollar relative to the euro...

  • KUALA LUMPUR, April 23- Malaysian palm oil futures fell to their lowest in a week on Tuesday, their second straight day of losses as concerns persisted over high inventory levels in the world's second largest producer. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange closed down 0.1 percent at 2,170 ringgit a tonne,...

  • NEW YORK, April 23- Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a surprise rise in the number of monthly active users, a sign that the social media platform may be on a sustainable path after a year of stagnant user growth. For the first quarter of 2019, Twitter's revenue rose 18 percent from a year ago to $787 million, surpassing...

  • April 23- Toymaker Hasbro Inc reported a surprise rise in quarterly revenue on Tuesday as the box-office success of the "BumbleBee" movie drove sales of its Transformers action toys, sending its shares up nearly 9 percent. Revenue from the company's franchise brands segment, which includes the company's legacy toys, rose 9 percent to $393.6 million, beating...