CNBC Utilities Page Wires

  • Dutch lender ABN Amro has increased its mid-term financial goals.

  • *Russia wants to steer clear of OPEC- led oil output cut sources. NEW YORK, Nov 15- Oil futures rose more than 1 percent on Thursday, steadying after this week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year. Brent crude futures gained $1.17, or 1.8 percent, to $67.29 a barrel, by...

  • LONDON, Nov 15- Fund managers are touting investments in "value" stocks, U.S. bonds and cash dollars in 2019 to weather an expected slowdown in global growth led by the United States and a possible pause in interest rate hikes. Speaking at the Reuters Global Investment 2019 Outlook Summit, Carmignac Gestion Managing Director Didier Saint-Georges said investors...

  • LONDON Reuters- Both U.S. and euro zone central banks will halt policy tightening next year, and equity market concerns mean investors should hold dollar cash and high-quality stocks, asset manager Carmignac says. Didier Saint-Georges, who helps manage over 50 billion euros as Carmignac's managing director and investment committee member, told the Reuters...

  • Shares in the troubled department store chain dived 14 percent in early trade before recovering to gain almost 3 percent, as new Chief Executive Jill Soltau gave the first indications of her plans to turn a profit and avoid becoming the next big U.S. retail casualty. The Plano, Texas- based company has also changed strategy several times, alienating its core...

  • NEW YORK, Nov 15- U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its reserve, the Energy Information Administration said on Thursday. "A good chunk of the crude build occurred on the Gulf Coast, as refining activity dropped," said Matt Smith, director...

  • REUTERS SUMMIT-CARMIGNAC MANAGING DIRECTOR FAVOURS "BARBELL" STRATEGY FOR 2019 OF HOLDING DOLLAR CASH TOGETHER WITH HIGH-QUALITY STOCKS.

  • CARMIGNAC SAYS ONLY WAY TO TRADE STERLING AROUND BREXIT IS TO "PLAY CONVEXITY" VIA PUT AND CALL OPTIONS.

  • CARMIGNAC MD SAINT-GEORGES EXPECTS ECB, FED TO "THROW IN TOWEL" ON POLICY TIGHTENING, ONLY QUESTION IS WHO STOPS FIRST.

  • CARMIGNAC'S SAINT-GEORGES EXPECTS EMERGING EQUITIES, FX TO "WIN" IF FED PAUSE IN 2019 WEAKENS DOLLAR.

  • NEW YORK, Nov 15- U.S. crude oil stocks jumped by 10.3 million barrels last week, the biggest build in nearly two years, as production hit a new record and the government released more barrels from its reserve, the Energy Information Administration said on Thursday. "A good chunk of the crude build occurred on the Gulf Coast, as refining activity dropped," said Matt...

  • LONDON, Nov 15- British financial regulators were in contact with major banks on Thursday asking for feedback on market conditions after the pound and financial stocks sank following the resignation of Britain's chief Brexit negotiator, sources said. One source who declined to be identified said the call was a direct request from Bank of England Governor...

  • LONDON, Nov 15- Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. The pound fell 1.8 percent and was set for its biggest drop this year against the euro after Brexit minister Dominic Raab resigned to protest at the...

  • Nov 15- The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts. The FDA also plans to seek a ban on menthol cigarettes, a longtime goal of public health advocates, as well as flavored...

  • *UK Brexit minister's resignation hits pound. NEW YORK, Nov 15- The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/ 2 months. On Thursday, British Prime Minister Theresa May said she won the backing of her senior ministers...

  • Nov 15- Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash. In July, the computer maker offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning...

  • ZURICH, Nov 15- Novartis launched a copy of Johnson& Johnson's inflammation-fighting Remicade in Germany on Thursday as the Swiss drugmaker aims to catch rival biosimilars that are already available in Europe's largest healthcare market. It has been ramping up production for six months, and Germany is the first European market where Novartis will sell its...

  • Nov 15- Consumer products company Spectrum Brands Holdings Inc said on Thursday it would sell its global auto care business to battery maker Energizer Holdings Inc in a cash-and-stock deal valued at about $1.25 billion. Energizer will pay Spectrum $937.5 million in cash and $312.5 million in stock. To speed up the approval process, Energizer proposed on...

  • LONDON, Nov 15- HSBC and China Investment Corp are in talks to create a fund for the Chinese sovereign wealth fund to invest in companies in Britain that have business links with China, HSBC said on Thursday. The fund would be managed by London- based Charterhouse Capital Partners, which is in talks with CIC and HSBC, the British bank said. The three "are in exclusive...

  • NEW YORK, Nov 14- Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co, including replacing some board members. ISS recommended that investors elect all five of Loeb's Third Point LLC board nominees, giving a boost to the activist firm, which is fighting a high...