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CNBC Utilities Page Wires

  • DALLAS, May 25- The Federal Reserve plans to continue tightening monetary policy gradually for now, but it faces a much tougher decision as U.S. interest rates near a "neutral" level where they neither boost nor slow the economy, several policymakers indicated on Friday. "I'm not yet there on what we should do once we get to neutral," Dallas Fed President Robert Kaplan...

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • *Italy, Spain fears weigh on euro. NEW YORK, May 25- The dollar rose against a basket of peers on Friday and was on pace to finish the week at its strongest since mid-November, as commodity-linked currencies fell following a slump in oil prices and as political concerns in Italy and Spain hurt the euro. Oil prices fell about $2 on Friday as Saudi Arabia and Russia...

  • *Talks among Saudi Arabia, Russia, UAE in St. Petersburg. ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's...

  • *Pakistan scrambling to shore up plummeting FX reserves. ISLAMABAD, May 25- Pakistan expects to obtain fresh Chinese loans worth $1- 2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad's growing reliance on Beijing for financial support. Lending to Pakistan by China and its banks is on track to...

  • EXCLUSIVE- PAKISTAN IN NEGOTIATIONS TO BORROW A FURTHER $1- 2 BLN FROM CHINA- PAKISTAN GOVERNMENT SOURCES.

  • NEW YORK— Revelations that an Amazon Echo smart speaker inadvertently sent a family's private conversation to an acquaintance shows the risks that come with new technologies. According to Amazon, the Echo's Alexa voice assistant misheard a word as "Alexa"— a trigger to activate the device— and interpreted subsequent conversation as a "send message" request.

  • WASHINGTON, May 25- Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades. The National Highway Traffic Safety Administration said on Friday it "...

  • WASHINGTON, May 25- The Trump administration moved on Friday to end a program that aimed to attract foreign entrepreneurs to the United States, saying the Obama-era effort did not adequately protect American workers and was an inappropriate use of government authority. The Department of Homeland Security's formal proposal to rescind the international...

  • The deal, communicated to officials on Capitol Hill by the Commerce Department, requires ZTE to pay a substantial fine, place U.S. compliance officers at the company and change its management team, the aide said. ZTE was banned in April from buying U.S. technology components for seven years for breaking an agreement reached after it violated U.S. sanctions...

  • WASHINGTON— The Trump administration has told Congress it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, said a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter. Under the agreement, ZTE will oust its management team, hire American compliance officers and...

  • NEW YORK/ LONDON, May 25- ICE raw sugar edged higher in mixed trade on Friday, ending the week up nearly 7 percent as investors continued to cover a bearish stance amid persistent concerns over a trucker strike in Brazil. New York and London softs markets will shut for public holidays on Monday and reopen on Tuesday. * "The main focus continues to be on Brazil," said...

  • FRANKFURT/ SAN FRANCISCO, May 25- Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week. Tesla on Friday declined to comment on whether it has shipped in any new production equipment...

  • FIAT CHRYSLER RECALLING 490,000 VEHICLES IN CANADA BECAUSE SOFTWARE GLITCH COULD PREVENT CRUISE CONTROL DEACTIVATION- TRANSPORT CANADA.

  • MONTREAL, May 25- Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad. Teamsters Canada Rail Conference President Doug Finnson said by phone that the...

  • May 25- Tesla Inc on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou previously served as CFO for Asia Pacific and India for Ingersoll Rand. The company on Wednesday slashed up to $14,000 off its Model...

  • BRUSSELS, May 25- New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data. The ramifications were visible from day one, with major U.S.-media outlets including the LA Times and Chicago Tribune were forced to shutter their websites in parts of Europe. The European Union General...

  • A line of strollers that fail to meet federal safety standards are among this week's recalled consumer products. Others include compact utility loaders and bicycles. Here's a more detailed look:.

  • May 25- Canadian Pacific Railway Ltd:. *CANADA LABOR MINISTER URGES PARTIES IN CP RAIL CONTRACT DISPUTE TO CONTINUE NEGOTIATING, SAYS WILL CONTINUE TO MONITOR THE SITUATION CLOSELY. *CANADA LABOR MINISTER SAYS FEDERAL MEDIATORS WILL CONTINUE TO WORK WITH THE PARTIES INVOLVED IN TALKS Further company coverage:.

  • NEW YORK/ LONDON, May 25- Gold prices dropped slightly on Friday, but still remained above $1,300 per ounce as investors digested news of U.S. President Donald Trump saying a meeting with North Korea's leader could still go ahead. "Gold has managed to hold onto a significant chunk of its gains made yesterday despite the U.S. trading conciliatory messages with North...