CNBC Utilities Page Wires

  • TOKYO, Feb 21- Japan's government kept its assessment of the economy unchanged in February, but a series of weak data on corporate sentiment, capital expenditure and exports shows the U.S.- China trade war is hurting the outlook for the world's third-largest economy. The Cabinet Office left unchanged its assessment that exports have weakened recently, which...

  • *Dividend to increase to 70 from 65 cents per share. BONN, Germany, Feb 21- Deutsche Telekom forecast that its earnings would continue to grow in 2019 but by less than expected as Chief Executive Tim Hoettges looks to close a key U.S. merger, acquire spectrum and roll out 5 G services. After a 5 percent rise in 2018 core profit, Europe's leading mobile operator expects...

  • *China Enterprises index HSCE rises 0.68 percent. Feb 21- Hong Kong shares rose on Thursday as signs of progress in trade talks between the United States and China boosted investor hopes that the countries could reach an agreement to end their bruising seven-month trade war. **The United States and China have started to outline commitments in principle on the...

  • PARIS, Feb 21- French conglomerate Bouygues predicted an increase in earnings for 2019 and growth at its telecoms arm after posting higher 2018 profits that lifted its shares. Core earnings at Bouygues Telecom, France's third-biggest mobile operator which Bouygues failed to merge with market leader Orange in 2016, rose by 171 million euros from a year...

  • *2018 profit 3.5 bln stg versus forecasts 3.8 bln stg. LONDON, Feb 21- Barclays reported a lower than forecast attributable profit of 3.5 billion pounds for 2018, as it set aside cash to cushion against Brexit losses and its trading business weathered a difficult fourth quarter. Barclays Chief Executive Jes Staley is locked in a high-profile tussle over the...

  • OSLO, Feb 21- Oil and gas companies working in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns from 175.3 billion crowns seen in November, a survey by the country's statistics agency showed on Thursday. Equinor is Norway's largest oil company, competing with the likes of Aker BP, Lundin Petroleum, Total or Shell.

  • PARIS, Feb 21- TechnipFMC's shares slumped on Thursday, after the oil services company posted a loss during the fourth quarter. TechnipFMC's main stock market listing is in New York, but its Paris- listed shares dropped by around 10 percent at the start of trading on Thursday. "Subsea adjusted EBITDA fell short as $1.2 billion of revenues missed our $1.4 billion...

  • LONDON, Feb 21- Euro zone government bond yields hovered near recent lows before the release of a survey of euro zone businesses that is expected to confirm subdued growth in the region and keep demand for bonds strong amid optimism over U.S.- China trade talks. Similar readings for the euro zone's two largest economies, France and Germany, will precede the...

  • *Gold may retrace into $1,321- $1,331 range- technicals. Investors were also keeping a close eye on talks to end a trade dispute between China and the United States. Spot gold was steady at $1,338.76 per ounce as of 0753 GMT, having touched $1,346.73 per ounce in the previous session, its highest level since April 19.

  • LONDON, Feb 21- BAE Systems said German moves to block exports to Saudi Arabia could hit its major deals with the Kingdom, weighing on Britain's biggest defense company's financial performance and relationships. BAE said it was reliant on the approval of export licenses by a number of governments in order to continue supplies to Saudi Arabia.

  • MADRID, Feb 21- Spanish telecoms group Telefonica expects 2 percent organic growth in revenue and core profit this year after underlying revenue rose in the fourth quarter. Spain's fourth-biggest company said the growth forecasts assumed constant exchange rates everywhere apart from Venezuela and excluded adjustment for hyperinflation in Argentina.

  • *U.S. sanctions vs Iran and Venezuela also prop up prices. SINGAPORE, Feb 21- Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. A presidential spokesman for OPEC member Nigeria said in a statement on Wednesday...

  • *No swift consolidation of France's telco sector- CFO. PARIS, Feb 21- Orange, France's number one telecoms operator, struck a cautious tone for 2019 due to a protracted price war in its home country and few chances that a merger between its rivals might improve market conditions. "Today's competitive environment has intensified and shows no sign of waning, so it...

  • Average market prices for the company's basket of commodities and products rose 4 percent, boosting underlying core earnings by $900 million, Anglo said. The company, which also mines diamonds, iron ore and nickel, said it expects 2019 costs and volumes to improve by $500 million, and added that it was on track to deliver $3 billion to $4 billion annual EBITDA...

  • BEIJING, Feb 21- China's customs administration is testing coal imports for reasons including environmental protection, a foreign ministry spokesman said on Thursday. Spokesman Geng Shuang made the comment at a regular press briefing in response to a question about a ban on imports of Australian coal. Reuters earlier reported that China's northern port of...

  • MILAN, Feb 21- Italy's budget does not contain measures able to boost growth and makes Italy a "risk of contagion" for the rest of the euro zone, La Repubblica newspaper said on Thursday, citing a European Commission document. Italy fell into recession at the end of 2018 and the Commission has predicted growth this year of just 0.2 percent, down from a 1.2 percent...

  • PARIS, Feb 21- Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering and a spate of natural disasters, although AXA hoped for higher earnings this year. Under Chief Executive Thomas Buberl, AXA is undergoing a deep restructuring aimed at making the French group more international...

  • MELBOURNE/ SINGAPORE, Feb 21- Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia's biggest coal seam gas resource, three industry sources said. PetroChina, the listed arm of China National Petroleum Corp, is eager to start developing Arrow's 5 trillion cubic feet of...

  • Germany has attempted to halt weapons exports to Saudi Arabia in the wake of the killing of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul on Oct. 2, but Britain has urged Germany to exempt big defence projects or face damage to its commercial credibility. On Wednesday, German Foreign Minister Heiko Maas said that future decisions on...

  • LONDON, Feb 21- Barclays reported a lower-than-forecast attributable profit of 3.5 billion pounds for 2018, as it took a 150 million pound provision against Brexit losses and its under-pressure investment bank weathered a difficult fourth quarter. Barclays' International division, which houses its investment bank, reported a profit before tax of 3.9...