CNBC Utilities Page Wires

  • Nov 19- The Dow Jones Industrial Average shed more than 400 points on Monday, as a slump in Apple shares battered the tech sector, with conflicting signals over the state of play between the United States and China on their trade dispute kept investors on edge. Shares of Apple Inc fell 3.8 percent after the Wall Street Journal reported the company had cut...

  • *OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. NEW YORK, Nov 19- Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.

  • BRUSSELS/ ROME, Nov 19- Italy will stick with its 2019 budget plan despite criticism from the European Commission but talks are continuing, Economy Minister Giovanni Tria said on Monday after attending a meeting of euro zone finance ministers. Italy is at loggerheads with the Commission and many fellow euro zone governments over its big-spending budget.

  • BOGOTA, Nov 19- Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years. "This law, which was a campaign promise, helps guarantee the competitiveness of the industry that competes in...

  • Speaking to reporters after his team named Chicago University- trained economist Roberto Castello Branco as the next chief executive of Petrobras, Bolsonaro said its outgoing boss, Ivan Monteiro, could go to state-run Banco do Brasil, the country's largest, although no decision has been taken.

  • LONDON, Nov 19- British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge. May has pledged to fight on, warning that toppling her risks delaying Britain's exit from the EU, or leaving without a deal, a step that could thrust the world's fifth...

  • CHICAGO, Nov 19- U.S. soybean futures fell nearly 2 percent to a 10- day low on Monday as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes that Washington and Beijing may resolve a trade dispute which has disrupted U.S. soybean exports to China. Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the...

  • PARIS, Nov 19- Protesters angered by higher fuel taxes blocked access to three oil depots in France and sporadic unrest erupted in the overseas territory of Reunion, in a third day of demonstrations against President Emmanuel Macron's economic reforms. Up to 20,000 protesters clad in fluorescent high-visibility jackets blocked highways across France with...

  • LONDON/ MILAN, Nov 19- European shares resumed their slide on Monday to end at a three-week low as tech stocks came under fresh selling pressure on worries over Apple's iPhone demand and as carmaker Renault sank after the arrest of its CEO for alleged financial misconduct. Renault was the top faller on the STOXX 600 after its CEO Carlos Ghosn, who is also chairman of...

  • BRUSSELS, Nov 19- The European Union is poised to settle on Tuesday on a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China. After five months of negotiations, representatives for the European Parliament and for the EU's 28 member states are optimistic they can resolve differences during a "trilogue" meeting with...

  • YOKOHAMA, Japan, Nov 19- Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Nissan CEO Hiroto Saikawa said too much power had been concentrated on Ghosn, one of the best known figures...

  • LONDON, Nov 19- British Prime Minister Theresa May vowed on Monday to stick to her draft European Union divorce deal as dissenting lawmakers in her own party tried to trigger a leadership challenge. May has pledged to fight on, warning that toppling her risks delaying Britain's exit from the EU, or leaving without a deal, a step that could thrust the world's fifth...

  • Nov 20- American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost salaries that were last revised three years ago after the airline ermerged from bankruptcy in 2013.. Allied Pilots Association, representing 15,000 American Airlines pilots, said "it's time" to move beyond the labor contract...

  • NEW YORK, Nov 19- Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan upheld the dismissal of claims against...

  • NEW YORK, Nov 19- World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Renewed tensions between China and the United States also weighed. At an Asia-Pacific Economic Cooperative meeting in Papua New Guinea over...

  • Disney agreed to purchase Fox's film and television assets for $71.3 billion and received approval from European Commission earlier this month, subject to certain conditions. The deal would expand Disney's unrivalled portfolio of some of the world's most popular characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox's X-Men, "...

  • *OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. NEW YORK, Nov 19- Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S....

  • *Ireland/ Germany bond yield spread near widest since late May. Britain is one of Ireland's biggest trading partners, and the border between Northern Ireland and the Republic of Ireland is a key issue in Brexit talks. "A no-deal Brexit could have an adverse impact on Ireland's economic picture, which would impact risk assets and have some effect on government...

  • *China's JD.com down after rev misses estimates. Nov 19- U.S. stocks fell on Monday, as a slide in Apple's shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness. "Chip stocks will get impacted by Apple and when you have...

  • WASHINGTON, Nov 19- The United States on Monday sanctioned a South African man for helping North Korea acquire oil, Treasury's Office of Foreign Assets Control said. In a statement, the office said it had sanctioned Russia- born Vladlen Amtchentsev for advising on how to evade U.S. sanctions meant to help thwart North Korea's nuclear ambitions on behalf of Velmur...