CNBC Utilities Page Wires

  • SAO PAULO, Jan 22- Brazil's new government is convinced of the need for state-run utility Centrais Eletricas Brasileiras SA to raise fresh capital but has not raised the matter with President Jair Bolsonaro, Chief Executive Wilson Ferreira said on Tuesday. Ferreira told Reuters he has begun to discuss how to capitalize Eletrobras, as the company is known, with...

  • NEW YORK, Jan 22- BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for "socially responsible" investments, a filing with U.S. market regulators showed on Tuesday. The world's largest fund manager told the U.S. Securities and Exchange Commission that it wants to launch a...

  • The Justice Department said Walgreens will pay $209.2 million to resolve claims it improperly billed Medicare, Medicaid and other federal programs for unnecessarily dispensing hundreds of thousands of insulin pens, and $60 million to resolve claims it overbilled Medicaid by concealing lower drug prices it offered the public through a discount program.

  • Pittsburgh- based EQT became one of the largest gas-focused U.S. producers when it completed its tie-up with Rice Energy in November 2017. Despite its new scale, EQT's share price has lagged since the merger- a situation which spurred in December two of Rice Energy's founders, Toby and Derek Rice, to call for changes. In response, EQT said it would focus on generating...

  • Jan 22- A reported Berkshire Hathaway Inc project to produce lithium from California geothermal wells has raised questions about what technological process the venture could use and whether it would be successful. The company is "evaluating the mineral extraction opportunity in the Imperial Valley" in southern California, BHE Renewables spokeswoman...

  • NEW YORK, Jan 22- BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for "socially responsible" investments, a filing with U.S. market regulators showed on Tuesday. The world's largest fund manager told the U.S. Securities and Exchange Commission that it wants to launch a...

  • *Wall Street lower after long holiday weekend. Investors shunned risk assets like equities as the International Monetary Fund warned of a dimmer outlook on Monday, China confirmed its slowest growth rate in nearly 30 years, and as Brexit uncertainty continued to drag on sentiment. On Wall Street, stocks took another step lower in the wake of a report from the...

  • PARIS, Jan 22- Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn's arrest in Japan for alleged financial misconduct. The board, which meets at 0900 GMT on Thursday, will consider the proposed appointment of outgoing Michelin boss...

  • NEW YORK, Jan 22- U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment.

  • BRASILIA, Jan 22- Brazil will add the Trans-Amazonian Highway to the list of projects for privatization, its infrastructure minister said on Tuesday, seeking new investment to pave a roadway that has already been blamed for deforestation. The government also plans to sell to investors a concession to run BR-163, a key northern route for shipping Brazilian...

  • TOKYO, Jan 23- The Bank of Japan is set to cut its inflation forecasts and maintain its ultra-loose monetary policy on Wednesday, as pressure on the economy mounts in the face of slowing global demand, dealing another blow to its years-long efforts to foster durable growth. Sources have told Reuters the central bank will maintain its view that Japan's economy, the...

  • *Loonie touches its weakest since Jan. 7 at 1.3355. TORONTO, Jan 22- The Canadian dollar weakened to a two-week low against its U.S. counterpart on Tuesday as investors worried about the global growth outlook and weaker-than-expected data added to evidence that Canada's economy slowed at the end of 2018. The data supported the Bank of Canada's gloomy short-term...

  • fraud@ LONDON, Jan 22- Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The two Hong Kong firms, Come Harvest Holdings Ltd and Mega Wealth International Trading Ltd, have denied the charges. News of the filing comes...

  • NEW YORK/ LONDON, Jan 22- New York cocoa futures slumped to the lowest in a month on Tuesday as rains in Ivory Coast improved the outlook for crops and helped trigger the liquidation of long positions by funds as commodity indexes moved lower. *May New York cocoa was down $59, or 2.5 percent, at $2,281 a tonne after touching a low of $2,266 a ton, the lowest since Dec. 21.

  • BRASILIA, Jan 22- Brazil will add the Trans-Amazonian Highway, which cuts across the rainforest, to the list of projects for privatization, the infrastructure minister said on Tuesday, seeking new investment to pave the roadway that has been blamed for deforestation.

  • *Saudi Arabia crude exports rise to 8.2 mln bpd in Nov. *Russia's Novak will not attend Davos- Energy Ministry. HOUSTON, Jan 22- Oil prices dropped about 2 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. shale fields surge and cuts by Russia come in below expectations.

  • *U.S. rejects offer from China for preparatory trade talks- FT. A report that the United States had rejected China's offer for preparatory trade talks put further pressure on the dollar. "The IMF's forecast contributed to the global growth concerns, the report about the U.S.- China negotiations perhaps contributing to less optimism surrounding the talks and...

  • BRASILIA, Jan 22- The global economic outlook has deteriorated and remains risky, but investor confidence in Brazil is justified by the reform agenda proposed by the new government, Central Bank Governor Ilan Goldfajn told Reuters on Tuesday. President Jair Bolsonaro's pledges to tackle corruption, overhaul the country's pension system and privatize state...

  • CHICAGO, Jan 22- U.S. exporters last week loaded six soybean vessels bound for China, the most in any week since the start of the tariff war between Washington and Beijing and an encouraging sign for U.S. farmers hard hit by the trade fight. The shipments are among the first to load and depart for China since state-owned companies booked an estimated 5 million tonnes...

  • *White House rejects preliminary trade talks with China- FT. All three major U.S. stock indexes extended their losses after the Financial Times reported the Trump administration rejected an offer from China for preparatory talks ahead of next week's high-level trade negotiations. The International Monetary Fund trimmed its 2019 global economic growth...