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CNBC Utilities Page Wires

  • *Goldilocks fund files lawsuits in Singapore. SINGAPORE, April 26- Goldilocks Investment Co. Ltd, a dissident shareholder of Noble Group Ltd, filed a lawsuit in Singapore on Wednesday against the commodities trader, seeking to prevent Noble from pursuing a debt restructuring. "Goldilocks Investment Company Ltd has filed legal action today in light of the...

  • SINGAPORE, April 26- Oil prices rose on Thursday, lifted by concerns over supply disruptions in Venezuela and the Middle East as well as by strong demand. Oil output in Venezuela, a member of the Organization of the Petroleum Exporting Countries, has fallen from almost 2.5 million barrels per day to just around 1.5 million bpd currently due to political and...

  • SINGAPORE, April 26- The dollar traded near a 3-1/ 2 month high against a basket of currencies on Thursday, bolstered by higher U.S. The recent jump in U.S. bond yields has caused U.S.- Japan and U.S.-German yield differentials to widen further in the dollar's favor, leaving the yen and the euro lower. The dollar's index against a basket of six major currencies was at...

  • SINGAPORE, April 26- Chicago wheat futures rose for a third consecutive session on Thursday to a near seven-week high, with prices underpinned by short-covering and adverse weather that is curbing U.S. winter crop yields. In Iowa, typically the largest producer, farmers had seeded none of their intended corn acreage as of April 23, according to data from the U.S....

  • WASHINGTON, April 25- Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso...

  • TOKYO, April 26- Japanese Prime Minister Shinzo Abe said on Thursday that he was "not considering at all" calling a general election now, while pledging to do the utmost to clarify facts over scandals including document alterations related to a controversial sale of public land.

  • LONDON, April 25- Discipline has become the oil industrys favorite word as it emerges from the deepest and longest downturn in a generation. Senior executives are pledging to maintain a cautious approach to investment and spending despite the recovery in oil prices over the last two years. The case for a more disciplined approach has been powerfully argued by...

  • SEOUL, South Korea— Samsung Electronics says its first-quarter earnings jumped 52 percent over a year earlier thanks to its mainstay memory chips that posted another record-high quarterly profit. The South Korean tech giant said Thursday that it recorded 11.7 trillion won for its January-March net income, compared with 7.7 trillion won a year earlier.

  • BRASILIA, April 25- The board of Brazilian telecoms regulator Anatel on Wednesday voted against a proposal by Telefonica Brasil SA to swap 3 billion reais in regulatory fines for new investments. The Anatel board rejected the fine-for-investment swap by a 3-2 vote, said Juarez Quadros, head of the regulator. Telefonica, Brazil's largest telecommunications...

  • *Q1 op profit $14.4 bln, tops Q4 as highest-ever. SEOUL, April 26- Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers. Operating profit was 15.6 trillion won in the first quarter, up 58 percent from a year...

  • TOKYO, April 26- Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.09 percent. Australian stocks were flat and Japan's Nikkei rose...

  • LAS VEGAS— "A Quiet Place" is getting a sequel. "A Quiet Place" has earned over $135 million from North American theaters in just over three weeks. He says "A Quiet Place" is the first of what he hopes will be many future hits for the studio.

  • Federal Reserve Today in Washington. 26- Apr Sweden Auction of inflation-linked government bonds 26- Apr Japan 3- month discount bill auction 26- Apr Italy Bills auction 26- Apr United States Sale of 7- year notes 27- Apr Italy Medium-long term auction. 2- May Germany Auction of 5- year Federal notes 2- May Japan 3- month discount bill auction 2- May Sweden...

  • LONDON- Bank of England Executive Director, Financial Stability Strategy and Risk Alex Brazier will participate in London Business School's Asset Management Conference 2018 0830 GMT. FRANKFURT, Germany- ECB Governing Council meeting, followed by interest rate announcement- 1145 GMT FRANKFURT, Germany- ECB President Mario Draghi holds a press conference...

  • LONDON- Bank of England Executive Director, Financial Stability Strategy and Risk Alex Brazier will participate in London Business School's Asset Management Conference 2018 0830 GMT. FRANKFURT, Germany- ECB Governing Council meeting, followed by interest rate announcement- 1145 GMT FRANKFURT, Germany- ECB President Mario Draghi holds a press conference...

  • SEOUL, April 26- Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through March, led by firm demand for memory chips. Operating profit for the world's biggest chipmaker was 15.6 trillion won in the first quarter, up 58 percent from a year ago and in line with the 15.6 trillion won the company had estimated.

  • After easily beating Wall Street expectations, shares traded up 7.1 percent after the bell at $171, paring a month-long decline that began with Facebook's disclosure in March that consultancy Cambridge Analytica had harvested data belonging to millions of users. "Everybody keeps talking about how bad things are for Facebook, but this earnings report to me is...

  • *Q1 GDP +1.1 pct s/adj q/q. SEOUL, April 26- South Korea's economy rallied last quarter, buoyed by healthy exports and a boost from government spending, while private consumption growth remained sluggish. Gross domestic product for the January-March period rose 1.1 percent, the Bank of Korea said on Thursday, rebounding after contracting by 0.2 percent in the...

  • April 25- U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. The results announced in Qualcomm's smartphone chip business contrasted to those from major mobile phone...

  • April 25- Nissan Motor Co Ltd's chief executive dismissed the idea of merging the Japanese automaker with its alliance partner Renault SA, emphasizing the importance of independence as the French government pushes for a deal, the Nikkei reported. CEO Hiroto Saikawa, in an interview on Wednesday, told Nikkei he saw "no merit...