CNBC Utilities Page Wires

  • EXCLUSIVE- CHINA SHIFTS TO IRANIAN TANKERS TO KEEP OIL FLOWING AMID U.S.

  • *Alitalia under pressure after Genoa bridge tragedy. LONDON, Aug 20- Hopes that the United States and China might find a compromise to resolve their trade dispute lifted European shares on Monday, while Turkey's currency crisis showed no immediate sign of worsening. Among the stocks that fared best in morning trading were ArcelorMittal, up 3.4 percent and at the...

  • ANKARA, Aug 20- Iran's oil minister said on Monday that France's Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported. The United States reimposed sanctions on Iran after Washington withdrew from the 2015 nuclear agreement between Tehran and world powers.

  • TAIPEI, Aug 20- Taiwan's export orders grew faster than expected in July, despite worries about trade frictions, thanks to strong global demand for smartphones and other hi-tech electronic gadgets. Orders for trade-dependent Taiwan rose 8 percent from a year earlier to $41.8 billion to a record high for July, Ministry of Economic Affairs data showed on Monday.

  • LONDON, Aug 20- Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey's lira fell after its credit ratings were downgraded and shots were fired outside the U.S. embassy in Ankara. European shares opened higher, as investors hoped the U.S. and China might find a compromise to resolve their trade...

  • EXCLUSIVE- CHINA'S SANY GROUP PLANS TO SPIN OFF 4 BUSINESS UNITS, DEAL COULD FETCH ABOUT $2 BLN- SOURCES.

  • HONG KONG, Aug 20- China's leading heavy machinery maker Sany Group plans to spin off four business units and is looking to rope in private equity firms as investors for the deal that could fetch a total of $2 billion, sources told Reuters. Sany's advisers have reached out to firms such as global investment powerhouses Bain Capital, Carlyle Group, CVC Capital...

  • EXCLUSIVE-SANY'S ADVISERS TAP PE FIRMS INCLUDING BAIN CAPITAL, CARLYLE GROUP, CVC CAPITAL PARTNERS, KKR& CO FOR SPIN-OFF- SOURCES.

  • TAIPEI, Aug 20- Taiwan's export orders grew faster than expected in July, despite worries about trade frictions, thanks to strong global demand for smartphones and other hi-tech electronic gadgets. Orders for trade-dependent Taiwan rose 8 percent from a year earlier to $41.8 billion to a record high for July, Ministry of Economic Affairs data showed on Monday.

  • LUSAKA, Aug 20- Ethiopian Airlines has signed a shareholding agreement with Zambia's main develoment agency to relaunch the southern African country's flag carrier at an initial cost of $30 million. Under the plan, Zambia Airways, being revived more than two decades after it was shut down, would operate 12 planes by 2028, Ethiopian Airlines said in a joint...

  • *FTSE 100 up 0.6 pct. LONDON, Aug 20- Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optimism over U.S.- China trade talks and Turkey buoyed markets, while luxury handbag maker Mulberry sank after results. The FTSE 100 was up 0.6 percent by 0823 GMT, tracking gains across European bourses, as investors...

  • *Australia delays legislation governing emission reductions. President Donald Trump and withdrawing from the global climate accord, Australia removed requirements from its National Energy Guarantee plan that would have mandated that greenhouse emissions from its power industry decrease by 26 percent from 2005 levels by 2030.. As Australia's east...

  • ANKARA, Aug 20- Iran's oil minister said on Monday that France's Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported.

  • LONDON, Aug 20- The Turkish lira fell on Monday after S&P Global and Moody's downgraded the country's sovereign credit rating further into junk territory and shots were fired at the U.S. embassy in Ankara, while emerging stocks rose over 1 percent. Piotr Matys, a strategist a Rabobank, said the downgrades were not a major surprise and had validated concerns among...

  • *Underlying profit A $1.6 bln vs A $1.68 bln analyst expectations. SYDNEY, Aug 20- Australia's biggest grocer Woolworths Group flagged on Monday it had rapidly lost sales momentum after starting to charge shoppers for plastic bags, sending its shares lower. It also shows the financial cost of the backlash by Australia's customers against the move, with shoppers...

  • Aug 20- Hong Kong shares rebounded on Monday, led by IT and resources shares, as a stabilizing yuan and optimism over Sino-U.S. trade talks improved risk appetite. **China's yuan led gains against a broadly weaker dollar, easing fears of continuous weakness in the Chinese currency that could roil the country's financial markets. **Reports that China and the United...

  • IRAN'S ZANGANEH SAYS PROCESS UNDERWAY TO REPLACE TOTAL WITH ANOTHER COMPANY- TV.

  • LONDON, Aug 20- Sterling fell on Monday as the dollar rebounded and investors shifted their focus to impending talks that may decide whether Britain gets a trade deal with the European Union before it quits the bloc. With less than eight months to go until Britain leaves the EU, the government has yet to agree with Brussels the terms of its departure, and some hedge...

  • LONDON, Aug 20- Sterling fell on Monday as the dollar rebounded and investors shifted their focus to impending talks that may decide whether Britain gets a trade deal with the European Union before it quits the bloc. With less than eight months to go until Britain leaves the EU, the government has yet to agree with Brussels the terms of its departure, and some hedge...

  • IRANIAN OIL MINISTER ZANGANEH SAYS FRANCE'S TOTAL HAS OFFICIALLY LEFT IRAN- TV.