CNBC Utilities Page Wires

  • Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, the two sides are at odds over how to deal with their only land border, between the British province of Northern Ireland and Ireland. But while the mood at a two-day summit in Brussels was more upbeat, there was little movement from either side on how to resolve the...

  • Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled. Starbucks said it will sell 83 company-owned stores in the Netherlands and France to...

  • *Wall Street falls after weak industrial earnings, hawkish Fed. Spot gold rose 0.6 percent to $1,229.62 per ounce at 12:21 EDT. "Renewed weakness in equity markets might trigger additional buying in gold," said Alexander Zumpfe, a precious metals trader at Heraeus.

  • Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion. After taking office in 2015, President John Magufuli launched an anti-corruption drive and vowed to stamp out tax evasion by multinational companies in Tanzania's mining and telecoms sectors.

  • Political control of the U.S. Congress will be up for grabs on November 6 and should Democrats take the U.S. House of Representatives away from Republicans it could hinder President Donald Trump's political agenda. "We are not seeing market participants hedge for midterms or discuss it explicitly," said Peter Cecchini, chief market strategist at Cantor...

  • NEW YORK, Oct 18- Higher U.S. History shows that if we are still in this upward-moving yield environment, that could continue to have a negative feedback loop into the dollar, said Tom Fitzpatrick, chief technical strategist at Citigroup in New York. With the Fed expected to continue raising rates and the United States projected to almost double its debt load held...

  • LONDON, Oct 18- The pound fell to intraday lows in late Thursday trade, as summit talks in Brussels failed to resolve a Brexit standoff between London and the EU over the status of the Irish border, an issue playing an increasingly dominant role in negotiations. But that failed to lift the British currency from lows hit after she earlier said European Union...

  • *Heidelberg Cement slides 8.6 pct on profit warning. LONDON, Oct 18- European shares swung back into the red on Thursday as fears of rising rates and disappointing earnings from U.S. industrials dragged Wall Street down, while HeidelbergCement's profit warning sank European construction stocks. A weaker open on Wall Street sent European stocks south.

  • Macroeconomic concerns continued to bedevil the industrial metals sector, even though many of the metals showed signs of supply tightness, said Warren Patterson, commodities strategist at ING Bank in Amsterdam. Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their September policy meeting showed,...

  • FAA ALLOWS ALLOW OPERATIONS IN ADDITIONAL PARTS OF UKRAINE, INCLUDING AT THREE AIRPORTS, INCLUDING KHARKIV- US GOVT DOCUMENT.

  • MEMPHIS, Tenn., Oct 18- The Federal Reserve's current monetary policy path would raise the risks of recession in an economy where recent, unexpectedly strong growth may start to taper anyway, St. Louis Fed President James Bullard said on Thursday. In remarks to the Economic Club of Memphis, Bullard pointed to a possible next chapter in the central bank's discussion:...

  • *Alrosa tests non-dollar payments in China, India sales. *Washington has threatened more sanctions on Russia. Russia's central bank said this week the amount of non-dollar dealings was growing, with the share of rouble settlements in the Russia- China and Russia- India goods trade now between 10 and 20 percent.

  • *Textron, Sealed Air top decliners on S&P after results. Oct 18- U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. The U.S.- China trade war, higher rising borrowing costs...

  • *Revises 2018 EPS range to $3.20- $3.30 from $3.15- $3.35. Oct 18- Textron Inc posted a lower-than-expected quarterly profit on Thursday due to lingering problems in its industrial products business, which houses the recently acquired all-terrain vehicle maker Arctic Cat. On a conference call discussing third-quarter earnings, Chief Executive Scott...

  • HOUSTON, Oct 18- Oil prices pared losses on Thursday as U.S. stocks bounced off session lows and a report showed a smaller-than-expected build in crude inventory levels at the U.S. oil storage hub Cushing. In early trading, global benchmark Brent crude fell below $79 per barrel, or as much as 1.7 percent the day after a U.S. Energy Department report showed the fourth...

  • *Paris says any toll should go beyond city limits. *Stockholm system seen more efficient than London's. PARIS, Oct 18- France plans to make it easier for cities to introduce congestion pricing in a bid to reduce traffic jams and air pollution, the transport minister said on Thursday.

  • BRUSSELS, Oct 18- British Prime Minister Theresa May and other EU leaders voiced renewed confidence on Thursday that they could secure a Brexit deal, saying they were working hard to overcome the very same hurdles that only days ago brought the talks to a halt. Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, the...

  • GENEVA, Oct 18- Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group said. South Korea and China are the fastest-growing trading community on WTI, "Johnson said at the Argus Global Crude conference in Geneva,...

  • WASHINGTON, Oct 18- New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. "The labor market is tight by any quantitative metric and companies are holding on to labor because of the difficulty of replacing...