CNBC Utilities Page Wires

  • MELBOURNE, Feb 20- Australia's Fortescue Metals Group said that it had no capacity at its ore processing facilities to immediately add' material' iron ore volumes, after a dam tailings burst in Brazil raised uncertainty over global supply. "In the short-term, there is not necessarily the capacity to add material incremental volumes, but I think like everybody...

  • Soybean prices gained ground on expectations of a trade deal between Washington and Beijing, with the market recouping some of last session's losses. *The most-active Chicago Board of Trade wheat contract had risen 0.3 percent to $4.91-1/ 4 a bushel by 0134 GMT, after dropping to its lowest since Oct. 26 at $4.88-1/ 2 a bushel in the last session.

  • CHICAGO, Feb 19- Southwest Airlines Co, which has been in negotiations with its aircraft mechanics union for six years, will be investigating the disruption behind an unprecedented number of out-of-service aircraft, its chief operating officer Mike Van de Ven said on Tuesday.

  • LIMA, Feb 19- Peru on Tuesday launched a drive to eliminate illegal gold mining in one of the Amazon's most biodiverse corners, sending 1,500 police and military officers to a region that has suffered rising deforestation from wildcat mining. President Martin Vizcarra's government said it was suspending civil liberties and tasking the military with...

  • Feb 19- The U.S. Transportation Department said on Tuesday it will cancel $929 million in federal funds awarded by the Obama administration for a California high-speed rail project and is "actively exploring every legal option" to seek the return of $2.5 billion the state has already received. California Governor Gavin Newsom said last week the state will...

  • SINGAPORE, Feb 20- Oil prices slipped from 2019 highs on Wednesday as soaring U.S. production and expectations of an economic slowdown undermined efforts led by producer club OPEC to cut supply to tighten global markets. OPEC- member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in March as part of the effort to...

  • MELBOURNE, Feb 20- Australia's biggest gas pipeline company, APA Group, has resumed its search for a U.S. acquisition, after putting the move on hold last year while it dealt with a takeover offer, its chief executive said on Wednesday. APA Managing Director Mick McCormack said the company, which has a market value of A $11 billion, had identified a few opportunities...

  • Feb 19- Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3, news website Electrek said on Tuesday, citing an email sent to employees. The email stated that employees will be able to lease a Model 3 within the next two weeks, Electrek reported citing sources familiar with the matter. http://bit.ly/2NgLIcz. The email did not say when...

  • Feb 19- British Finance Minister Philip Hammond said on Tuesday it was clear the European Union will not now consider alternatives to the contentious Irish backstop to help the UK government win support for its Brexit withdrawal deal, but such options could be valuable in future.

  • *Spot gold was marginally lower at $1,339.61 per ounce as of 0021 GMT, having touched $1,341.78 per ounce in the previous session, its highest level since April 20. *Palladium rose 0.3 percent to $1,484.00 per ounce, within striking distance of $1,500 after it hit a record $1,485.50 on Tuesday on concerns about a sharp supply deficit. *British Prime Minister...

  • *U.S. sanctions on Iran, Venezuela tighten markets. SINGAPORE, Feb 20- Oil prices hovered near 2019 highs on Wednesday, supported by OPEC- led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and expectations of an economic slowdown. OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut...

  • TOKYO, Feb 20- Japan's exports posted their biggest decline in more than two years in January, adding to concerns about slowing global demand and trade frictions as business confidence softens and orders for the country's machinery goods fell sharply. Ministry of Finance data out on Wednesday showed Japan's exports fell 8.4 percent in the year to January,...

  • Feb 19- A high school student from Covington, Kentucky, sued the Washington Post for defamation on Tuesday, claiming the newspaper falsely accused him of racist acts and instigating a confrontation with a Native American activist in a January videotaped incident at the Lincoln Memorial. The lawsuit, filed in U.S. District Court in Kentucky by Covington...

  • WASHINGTON, Feb 19- The U.S. government has reached a settlement with Teva Pharmaceuticals Industries Ltd over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs. In Congress, Senator Amy Klobuchar, a Democrat now running for president, and Senator Chuck Grassley, the Republican chair of the Judiciary Committee,...

  • TOKYO, Feb 20- The dollar sagged against its peers on Wednesday in the wake of falling U.S. yields and as investors remained cautious ahead of the Federal Reserve's policy meeting minutes due later in the session. The U.S. currency has also been weighed down as safe-haven demand for the liquid dollar has ebbed on optimism that a fresh round of talks between China...

  • Feb 20- For other diaries, please see:. Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington.

  • WEDNESDAY, FEBRUARY 20 JOHANNESBURG, South Africa- South Africa Finance Minister Tito Mboweni to present 2019 budget to parliament- 1200 GMT KINGSTON- Bank of Jamaica holds interest rate announcement and monetary policy report. JAKARTA- Indonesia Central Bank holds board of governors' meeting. SYDNEY- Appearance by Philip Lowe, Reserve Bank of Australia...

  • STOCKHOLM- Riksbank Deputy Governor Martin Flodén will discuss the economic situation and monetary policy- 1100 GMT. FRANKFURT- ECB chief economist Peter Praet delivers Speech by at 11th Frankfurt Main Financial Centre Breakfast organized by Frankfurt Main Finance e.V. in Frankfurt, Germany.- 0700 GMT. THURSDAY, FEBRUARY 21 STANFORD, Calif.- Federal Reserve...

  • WASHINGTON, Feb 19- The U.S. government has reached a settlement with Teva Pharmaceuticals Industries Ltd over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs. The Federal Trade Commission on Tuesday said it had settled three reverse payment fights with units of Teva, which will be prohibited from making any...

  • TOKYO, Feb 20- Japan's exports fell 8.4 percent in January from a year earlier, Ministry of Finance data showed on Wednesday, in a sign of slowing external demand. That compared with a 5.5 percent decrease expected by economists in a Reuters poll and followed a revised 3.9 percent decline in December. The trade balance came to a deficit of 1.415 trillion yen, versus...