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CNBC Utilities Page Wires

  • FRANKFURT, July 16- The European Central Bank has advertised for a new bank supervisory chief, looking for an expert to oversee a bloated and inefficient sector that is still weighed down by the legacy of the bloc's debt crisis. 5 3 f e 9 c 2 f 9 7 6 c 3 5 5 1 0 4 f 7 d b 5 5 4 7 9 9 5 f 9 8 published on the ECB website on Monday formally launches the process to replace France's Daniele...

  • LONDON, July 16- Strong industrials and expectations for a better earnings season helped European shares make hesitant gains on Monday while data showing slowing economic growth from China kept a lid on the market's progress. The pan-European STOXX 600 climbed 0.2 percent, while Germany's DAX, which is heavily exposed to China, inched up 0.1 percent.

  • FARNBOROUGH, England, July 16- European planemaker Airbus said at the Farnborough Airshow on Monday that Indian airline Vistara had signed a letter of intent to buy 13 Airbus A320neo aircraft and had committed to taking a further 37 A320neos from leasing firms.

  • LONDON, July 16- European stock markets inched higher on Monday as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between Beijing and Washington. Data showing China's economy and factory production growth had slowed hurt Asian markets at the start of the week, as investors...

  • *Some 900 workers join 700 already on strike. OSLO, July 16- Some 900 Norwegian offshore oil and gas workers went on strike on Monday, joining almost 700 who walked off the job last week, in an escalating dispute over pay and pensions that has hit production. Reidun Ravndal, a member of Safe's strike committee, said 900 additional workers were joining the strike on...

  • LONDON, July 16- The number of European Union immigrants to Britain fell to a five-year low last year, as fewer people came without a firm job offer during the first full calendar year since June 2016' s Brexit vote, official data showed on Monday. Overall net immigration of people of all nationalities to Britain rose to 282,000 in 2017 from 249,000 in 2016, though...

  • BEIJING— China announced it filled a World Trade Organization challenge Monday to U.S. The USTR said last week that it proposed the levy in response to Beijing's decision to retaliate for U.S. tariff hikes over complaints China is hurting American companies by stealing or pressuring foreign enterprises to hand over technology. China criticized the move but...

  • BUDAPEST, July 16- Hungary's forint led a firming of Central Europe's most liquid currencies on Monday in what market players described as a technical correction which broke a weakening trend. 322.15 versus the euro, but was still the worst-performing currency in Central Europe so far this year. "The forint's weakening was overdone, and now we can see a...

  • *China Enterprises index HSCE falls 0.4 percent. July 16- Hong Kong's benchmark index ended little changed on Monday, as China posted a moderate second-quarter economic slowdown that was in line with expecations. **Around the region, MSCI's Asia ex- Japan stock index was weaker by 0.36 percent, while Japan's Nikkei index closed up 1.85 percent.

  • LONDON, July 16- The pound traded flat against the dollar and the euro on Monday ahead of a debate in parliament that could reveal significant dissatisfaction within British Prime Minister Theresa May's party over her plans for Brexit. Sterling has struggled to capitalise in recent weeks on signs the economy is improving because of mounting uncertainty over...

  • *EU says China knows what it needs to do to open up. BEIJING, July 16- China could open its economy if it so wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing over its industrial policies. Playing host to Juncker and European Council President...

  • Britain is in talks with other countries to find more companies to help develop the jet, the source added, with Sweden seen as the most likely partner, although countries such as South Korea, Japan and Turkey, or Gulf arms-buying countries like Saudi Arabia, are also possibilities. The UK- led project comes as Britain is due to leave the European Union in less than...

  • BEIJING— China says it has filed a WTO challenge to Washington's threat to raise tariffs on $200 billion of Chinese goods.

  • FARNBOROUGH, England, July 16- European planemaker Airbus said on Monday that China's Sichuan Airlines had ordered 10 Airbus A350 XWB jets, confirming a deal struck earlier this year.

  • BEIJING, July 16- China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified. The world's second-largest economy grew 6.7 percent in the last...

  • MILAN/ FRANKFURT, July 16- Flying robots that can travel dozens of kilometres without stopping could be the next big thing for power companies. Utilities in Europe are looking to long-distance drones to scour thousands of miles of grids for damage and leaks in an attempt to avoid network failures that cost them billions of dollars a year. Italy's Snam, Europe's...

  • MELBOURNE, July 16- London copper slipped but held above recent one-year lows on Monday after China's second-quarter growth slowed as expected, with the focus expected to shift to Beijing's response to the latest U.S. tariffs plan. China's economic growth slowed in the second quarter as the government's efforts to tackle debt risks crimp activity and an...

  • *Says has "healthy balance sheet and cash position". LONDON, July 16- British department store retailer Debenhams said it had a healthy cash position after a media report on Sunday saying insurers had cut cover for its suppliers sent its shares lower. Shares in Debenhams fell as much as 8 percent on Monday on the back of a Sunday Times report that the retailer, which...

  • FARNBOROUGH, England, July 16- The overhaul at U.S. industrial giant General Electric Co is not a constraint for its aviation arm, "in fact I feel it's the very opposite," the head of GE Aviation said on Monday. "The changes in GE unlock if anything more capability out of GE Aviation. I dont feel any constraints relative to what has happened in the past year- in fact I feel the...

  • BEIJING/ SHANGHAI, July 16- China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever. Following President Donald Trump's decision last year to withdraw the United States from the...