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CNBC Utilities Page Wires

  • SAO PAULO, July 17- Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election. Speaking at a business event in Sao Paulo, Gomes called the proposed deal "hostile" to Brazil's interests and a threat to the...

  • SYDNEY, July 18- U.S. wheat futures rose more than 1 percent on Wednesday as dry weather in key global producers pushed prices to an eight-day high. *The most active wheat futures on the Chicago Board Of Trade were up 1.4 percent at $5.04-3/ 4 a bushel by 0104 GMT, near the session high of $5.05 a bushel, the highest since July 10. *Germany, Poland and Ukraine are among the...

  • July 17- Texas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker's code on personal behavior. The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported...

  • BENGALURU, July 18- Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. *The Fed's Powell said on Tuesday he sees the United States on course for years more of...

  • *China's production running at "record" levels. LONDON, July 17- The European Commission will this week unveil its proposed provisional "safeguard" measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States. The export pace has slowed since then because of capacity closures and stronger internal...

  • July 17- Kansas City Federal Reserve Bank President Esther George said on Tuesday that uncertainty over U.S. trade policy could slow the economy, even if the current tariffs in and of themselves are too small to have a big impact.

  • TOKYO, July 18- Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 40 cents, or 0.6 percent, at $71.76 a barrel by 0027 GMT. They rose 32 cents to $72.16 a barrel on Tuesday, after earlier touching a three-month low.

  • MEXICO CITY, July 17- Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings. The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 818 million Mexican pesos, down...

  • SYDNEY, July 18- Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei leapt out of the blocks with a 1 percent gain as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of...

  • TOKYO, July 18- The dollar was broadly higher on Wednesday, hitting a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the U.S. economy and reinforced views that the Fed was on track to steadily hike interest rates. The dollar was up 0.05 percent at 112.97 yen after going as high as 113.08, its strongest since...

  • *Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.

  • Federal Reserve Today in Washington. 18- Jul Germany Auction of 30- year Federal bonds 19- Jul France Index-linked Securities auction 19- Jul Japan 1- year discount bill auction 19- Jul Spain Bond auction 19- Jul United Kingdom 1 3/ 4% Treasury Gilt 2057 20- Jul Japan 3- month discount bill auction 23- Jul Belgium OLO Auction 24- Jul Japan Auction of 40- year...

  • SAN FRANCISCO, July 17- With the U.S. economy firing on all cylinders, the Federal Reserve should ease away from monetary policy accommodation and move interest rates up far enough to prevent unwanted inflation but not so fast that a recession ensues, a U.S. central banker said Tuesday. "At a time of full employment with price stability, policy should be a neutral...

  • WASHINGTON D.C.- Federal Reserve Chairman Jerome Powell gives semiannual testimony on the economy and monetary policy before the House Financial Services Committee- 1400 GMT. FRIDAY, JULY 20 GLASGOW, Kentucky- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Glasgow Chamber of...

  • MEXICO CITY, July 17- Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings. America Movil said its performance was hurt by the U.S. dollar's gains against the currencies of Mexico and Brazil, two of its key markets.

  • WASHINGTON, July 17- Boeing Co has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday. The contract followed the outlines of the informal deal reached between Boeing and the White House in February.

  • July 17- Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash. Berkshire's Class A shares closed Tuesday at $288,500, roughly 1.37 times its $211,184 book value per share as of March 31. "It's a somewhat significant...

  • July 17- Berkshire Hathaway Inc on Tuesday made it easier for the company to buy its own shares, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash. Its class A shares closed Tuesday at $288,500, roughly 1.37 times its book value per share of $211,184 as of March 31. "It's a somewhat significant change," said Steven...

  • LONDON, July 18- The number of Britons subscribing to TV services like Netflix, Amazon and Sky's NOW TV, has overtaken traditional satellite and cable TV for the first time, media regulator Ofcom said on Wednesday. Ofcom Chief Executive Sharon White said the rapid change in what we watch and how we watch had profound implications for the UK television industry.

  • *North Sea revival seen due to government, industry initiatives. *UK authorities cut taxes, established benchmarks. When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030..