CNBC Utilities Page Wires

  • *U.S. to sell $13 bln 10- year TIPS at 1 p.m.. Treasury yields ticked up on Thursday as better-than-expected economic data offset trade tensions between China and the United States, holding down safe-haven bids for U.S. government debt. "A lot of the risk events this week haven't done a lot to the various parts of the yield curve," said Mike Lorizio, head of Treasury and...

  • LONDON, Jan 17- The British pound rose to a two-month high against the euro on Thursday, extending recent gains on growing expectations that Britain can avoid a no-deal Brexit. The Labour Party could back a second Brexit referendum if its proposals for leaving the EU are shunned by the government and a no-deal scenario looks likely, Labour leader Jeremy Corbyn...

  • Jan 17- Wall Street's main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors. Its results rounded off earnings for the big six Wall Street banks on a weak note, sending the S&P 500 financial index 0.62 percent lower and putting...

  • Jan 17- Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California. Inverse condemnation is an old California rule that exposes the state's utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. BlueMountain said nearly two...

  • NEW YORK, Jan 17- The U.S. dollar ticked up on Thursday after stronger than expected economic data reports, while the pound stabilized as British policymakers sought consensus on how to exit the European Union. Mid-Atlantic business activity increased more than forecast in January, suggesting resilience in the region's manufacturing sector amid trade...

  • LONDON, Jan 17- The British pound rose to a two-month high against the euro on Thursday, extending recent gains on growing expectations that Britain can avoid a no-deal Brexit. The Labour Party could back a second Brexit referendum if its proposals for leaving the EU are shunned by the government and a no-deal scenario looks likely, Labour leader Jeremy Corbyn...

  • Jan 17- Canada's main stock index dipped marginally on Thursday, endangering a nine-day winning streak after a drop in oil prices hurt the energy sector. *At 9:35 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 28.16 points, or 0.19 percent, at 15,083.1. *The Canadian province of Alberta's OPEC- style decision to force production cuts is...

  • LAGOS, Jan 17- Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to secure a deal via a public tender. Amperion Power Distribution Company Limited, Forte's power subsidiary, paid $132 million to acquire a 414 megawatt power plant six years ago under a government-led...

  • LONDON, Jan 17- Prime Minister Theresa May has proposed a collaborative approach to finding a new Brexit deal after the agreement she had negotiated was crushed by parliament on Tuesday in the biggest defeat for a British government in modern times. What is her new approach, and will it work? She has sought meetings with the leaders of all other opposition parties...

  • LONDON, Jan 17- Oil traders seem increasingly convinced OPEC's prompt action in cutting production will be enough to offset the impact of rising shale production and slowing global growth. Saudi Arabia and its OPEC and non- OPEC allies have implemented substantial reductions in production and exports during December and the first part of January.

  • LONDON, Jan 17- Volumes of electronic trading in fixed income have jumped since European Union rules introduced a year ago made it more cumbersome to execute over-the-counter business, in a bid to make deals more transparent, a report said. Total average daily volumes of EU government bonds traded electronically in the first three quarters of last year rose by...

  • CBS SAYS LESLIE MOONVES NOTIFIED CO OF HIS ELECTION TO DEMAND BINDING ARBITRATION WITH RESPECT TO TERMINATION OF HIS EMPLOYMENT.

  • *UK govt says will pursue alternative funding models. LONDON/ TOKYO, Jan 17- Japan's Hitachi Ltd put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of ageing plants. Hitachi's UK unit Horizon Nuclear Power failed to find private investors for its plan to build a plant at Wylfa in Anglesey,...

  • Jan 17- Brazil stocks fell as investors waited for details on a pension reform plan and Latin American currencies retreated against the U.S. dollar on diminished risk appetite over worries about China's economic outlook and its trade row with the United States. Brazil's benchmark index fell 0.2 percent with banks leading declines as investors waited for any...

  • * "Citizens' income" is main policy pledge of 5- Star Movement. ROME, Jan 17- The Italian government meets on Thursday to approve flagship reforms of the welfare and pension system, election pledges of the anti-establishment 5- Star Movement and the right-wing League which mark a major overhaul of the country's welfare state. Prime Minister Giuseppe Conte met 5-...

  • *Sudan cut off from IMF funding. KHARTOUM, Jan 17- Sudan must implement radical reforms or seek a bailout from friendly nations to pull its economy out of the downward spiral that helped trigger the nationwide protests now rocking the country, economists and bankers say. Attempts to raise bread and fuel prices to reduce the cost of subsidies sparked protests that...

  • Jan 17- U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices. The Dow Jones Industrial Average fell 60.07 points, or 0.25 percent, at the open to 24,147.09. The S&P 500 opened lower by 6.82 points, or 0.26 percent, at 2,609.28.

  • *Beijing injects masses of cash into financial system. LONDON, Jan 17- Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace. Europe's banks tumbled 1.8 percent after France's Societe Generale...

  • LONDON, Jan 17- The British pound rose to a two-month high against the euro, extending recent gains on growing expectations that Britain can avoid a no-deal Brexit. The Labour Party could back a second Brexit referendum if its proposals for leaving the EU are shunned by the government and a no-deal scenario looks likely, Labour leader Jeremy Corbyn said on...

  • *Discussion continues, no decisions yet- Interior Ministry. BERLIN, Jan 17- The German government is debating whether to follow the United States and allies like Australia in restricting China's Huawei Technologies from accessing its next-generation mobile networks on national-security grounds. No decisions have yet been taken, according to a written...