CNBC Utilities Page Wires

  • LONDON, Feb 18- White sugar futures rose to a 3-1/ 2 month high on Monday as the market extended the prior session's sharp advance, buoyed by recent strength in crude oil and concerns about dry weather in top exporter Brazil. *May white sugar was up $2.50, or 0.7 percent, at $357.20 a tonne at 1236 GMT after peaking at $359.40, a 3-1/ 2 month high for the front month.

  • *Rising U.S. output could undermine OPEC efforts. LONDON, Feb 18- Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy offset gains. Brent futures were last down 6 cents at $66.19 a...

  • *Britain does not support full Huawei ban- sources. *FT reports Britain has decided it can mitigate risks. It's not that simple, "one of the sources told Reuters on Monday after a Financial Times report on Sunday said that Britain had decided it could mitigate the risks of using Huawei equipment in 5 G networks.

  • LONDON, Feb 18- Britain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard. On Monday Frankfurter Allgemeine Zeitung said that German authorities have opened an investigation into an FT journalist over...

  • BRITAIN'S FINANCIAL TIMES SAYS ANY ALLEGATION AGAINST THE NEWSPAPER OR ITS REPORTERS OF MARKET MANIPULATION OR UNETHICAL REPORTING IN RELATION TO WIRECARD IS BASELESS AND FALSE.

  • *Naira, stocks fall after election delayed. LAGOS, Feb 18- The naira weakened on the forward market on Monday and Nigerian stocks fell as investors worried that delaying elections for a week could lead to a contested result, fuelling uncertainty, analysts said. Nigeria's electoral commission over the weekend postponed for one week a presidential election, hours...

  • *Beijing- Canberra tensions have risen recently. BEIJING, Feb 18- Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuters on Monday. It was not clear why China had stepped up checks on Australian imports but tension...

  • LONDON, Feb 18- The euro rallied and riskier currencies like the Australian dollar strengthened on Monday as optimism over a breakthrough in U.S.- China trade war talks encouraged investors. But after dropping to a three-month low on Friday, the euro has recovered, helped by improved investor sentiment as hopes rose for an end to the U.S.- China trade conflict...

  • *Investors banned from new or raising short positions. *First short-selling ban on individual stock in Germany. FRANKFURT, Feb 18- Germany's financial watchdog has banned "short" selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm's stock.

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of further monetary easing from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump over 3 percent, the...

  • LONDON, Feb 18- Britain's review of its 5 G network resilience is still ongoing, a spokesman for Prime Minister Theresa May said on Monday after the Financial Times reported that security chiefs had concluded they could manage any risks arising from Huawei's involvement. The FT said on Sunday that Britain's National Cyber Security Centre had found that the...

  • *Palladium peaks at $1,458/ oz, strongest on record. *Gold likely to retest $1,326 level again- analyst. Spot palladium rose to a peak of $1,458 per ounce, its highest on record, and was up 1.3 percent at $1,451 per ounce as of 1056 GMT.

  • ABUJA, Feb 18- The cause of the week-long delay of Nigeria's election should be investigated after the poll takes place on Feb. 23, President Muhammadu Buhari said on Monday. Buhari, who addressed an emergency meeting of officials from his ruling party in the capital Abuja, said there was a need for the electoral commission to explain its "incompetence".

  • TEL AVIV, Feb 18- The Tel Aviv Stock Exchange expects to float nearly a third of its shares in an initial public offering some time this year, its chief executive officer said on Monday. Ben Zeev said last September that the bourse hoped to sell at least 31.7 percent of its shares solely to retail investors by the end of 2018, but on Monday he said that staff demands had...

  • *Alibaba unit developed app for Communist Party news content. BEIJING, Feb 18- A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing. "Xuexi Qiangguo", which literally translates as' Study to make...

  • *Term deal to help IOC diversify away from OPEC suppliers. NEW DELHI/ SINGAPORE, Feb 18- Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC is the first Indian state refiner to buy U.S. oil under...

  • The main credit rating agencies have lagged the financial markets in their assessment of Hungary's economic prospects, dealers and analysts said. Hungary's government bond yields dropped by 1-2 basis points from Friday. "With the United States closed, activity is low, but when America returns, we may see some further decline in yields," one Budapest- based trader...

  • Reckitt, once seen as a pacemaker for growth in the packaged goods industry, has experienced setbacks in the last three years, including a safety scandal in South Korea, a failed product launch, a cyber attack and the temporary shutdown of a baby milk factory in the Netherlands. Asked about Reckitt's medium-term target for "moderate" margin growth, Chief Executive...

  • *Rising U.S. output could undermine OPEC efforts. LONDON, Feb 18- Brent crude oil eased on Monday, but remained on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel. Brent futures were down 17 cents at $66.08 a barrel by 1018 GMT, having touched a 2019 high of...

  • LAGOS, Feb 18- The naira weakened on the forward market on Monday and Nigerian stocks fell to a one-week low after the country's surprise decision to delay national elections over the weekend, hours before polls were due to open. "There is some frustration on behalf of investors who have had concerns about this election for the better part of the past year and are...