CNBC Utilities Page Wires

  • NEW YORK, Aug 14- Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed killer caused his cancer, according to some legal experts. Monsanto said on Monday it planned to challenge the verdict on the grounds that the judge should have barred...

  • LONDON, Aug 14- The plunge in Turkey's lira to a series of record lows over the past week sent tremors through global markets. This chart shows the change in assets since the start of the month, capturing the moves in Turkey. "As long as we talk about idiosyncratic risks such as sanctions on Russia and Turkey's relations with the U.S. we can't talk of major contagion,"...

  • SINGAPORE, Aug 15- Singapore is the setting for new Hollywood movie' Crazy Rich Asians'- an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else. In step with the film's release in the United States on Wednesday and ahead of its release in the...

  • *London house prices fall by most since 2009. LONDON, Aug 15- Britain's inflation rate picked up in July for the first time this year, leaving many British households feeling squeezed by prices that are rising at about the same pace as their salaries. Official data also underscored the weakness in the property market since the 2016 Brexit vote, with prices in London...

  • *Erdogan says Turkey is target of economic war. *U.S. demanding release of Christian pastor in Turkey. ISTANBUL, Aug 15- Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank's liquidity moves had the effect of supporting the currency.

  • LONDON, Aug 15- Turkey's battered lira gained for a second day on Wednesday as its central bank moved to whack short sellers, but a Chinese ban of a video game left MSCI's $2 trillion emerging-market share index near bear-market territory. Turkish government bonds also gained for a second day with hopes of improved Turkey-European Union ties after Ankara...

  • *Indonesia raises rates for fourth time since May. LONDON, Aug 15- Action from Turkey's central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar stuck at 13- month highs kept up the pressure on world markets. Fear of full-blown crisis and debt defaults in the...

  • *UK inflation data, at 2.5 pct, as expected. The British currency has weakened sharply in August as traders grow increasingly worried that the UK will crash out of the European Union next year without a trade deal arranged, and as the U.S. dollar has surged. "What is likely to be more concerning domestically is that inflation is once again outpacing wage growth, which...

  • LONDON, Aug 15- European Union carbon permit prices have risen to their highest in 10 years as reduced supply has prompted a flurry of buying. The permits, called EU Allowances, are traded under the European Union's Emissions Trading System, which charges power plants and factories for every tonne of carbon dioxide they emit. EU Allowances for delivery in...

  • *Indonesia raises rates for fourth time since May. LONDON, Aug 15- Action from Turkey's central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar ensconced at 13- month highs kept up the pressure on world markets. Fear of full-blown crisis and debt defaults in...

  • *Public Investment Fund estimated to have over $250 bln of assets. RIYADH, Aug 15- Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private. The fund is estimated to have over $250 billion in assets.

  • LONDON, Aug 15- The UK's top share index steadied on Wednesday as a fall across mining stocks capped results-driven gains, with GlaxoSmithKline a standout riser after the result of a clinical trial boosted hopes for its HIV business. Global markets more broadly have been hit by financial crisis in Turkey, though both the FTSE and European markets have...

  • *Italy starts audit of bridges, tunnels. GENOA, Italy, Aug 15- Rescuers scoured the wreckage of Italy's bridge collapse on Wednesday as the death toll climbed to 37 and the government blamed the bridge's private owner, demanding resignations and moving to strip its toll concession. The 50- year-old bridge, part of a toll motorway linking the port city of Genoa with...

  • SHANGHAI, Aug 15- China's yuan weakened to a 15- month low against the dollar on Wednesday and flirted with a key support level not seen since 2008 as the dollar extended gains and a raft of data pointed to further slowing in China's economy. Traders are watching that level to see if China draws a "line in the sand" under the yuan's recent sharp losses, or allows it to...

  • *Launches 200 mln euro share buyback. COPENHAGEN, Aug 15- Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after it reported forecast-beating orders and profit and said a steep decline in prices had stabilized. Vestas said prices per megawatt had stabilized in the second quarter, albeit at a much lower level than last year, echoing recent...

  • *China Enterprises index HSCE falls 2 percent. Aug 15- Stocks in Hong Kong fell on Wednesday along with their regional counterparts, ending near one-year lows on bearish Chinese investor sentiment and broader concerns about emerging markets sparked by Turkey's financial crisis. **China's main Shanghai Composite index closed down 2.06 percent at 2,780.9646...

  • *FTSE 100 CEO average pay increased by 23 pct to 5.7 million stg. LONDON, Aug 15- Pay packages for the bosses of Britains 100 biggest listed firms rose 23 percent over the past year, fuelled by payouts for the CEOs of house builder Persimmon and industrial firm Melrose Industries, a survey showed on Wednesday. The survey by the Chartered Institute of Personnel and...

  • LONDON, Aug 15- Oil prices fell on Wednesday, weighed down by a gloomier global economic outlook and a report of rising U.S. crude inventories, even as U.S. sanctions on Tehran threatened to curb Iranian crude oil supplies. Global benchmark Brent crude oil was down 50 cents a barrel at $71.96 by 0830 GMT. "Sentiment is sandwiched between a darkening global economic...

  • *C.bank wary of Turkey contagion risk, says economy is resilient. JAKARTA, Aug 15- Indonesia's central bank on Wednesday raised its benchmark interest rate for the fourth time since mid-May, unleashing new firepower to defend a rupiah currency under renewed pressure as Turkey's financial crisis ripples across emerging markets. The rupiah lost about 1 percent...

  • LONDON, Aug 15- European shares edged up on Wednesday, ignoring heavy losses overnight on emerging markets, as the Turkish currency crisis seemed to ease and the lira recovered from record lows. "Risk-on sentiment returned and traders were once again in the mood for buying overnight", said Jasper Lawler, head of research at London Capital Group.