×

CNBC Utilities Page Wires

  • BERLIN, June 25- German business confidence ebbed in June to its lowest in more than a year, suggesting the mood among company executives in Europe's biggest economy is darkening as the world edges towards a full-blown trade war. Activity in all four economic sectors measured by the Munich- based Ifo institute in Monday's survey- manufacturing, services, trade...

  • June 25- Education Realty Trust Inc, an owner of collegiate housing communities, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty shareholders will receive $41.50 per share in cash from Greystar Student Housing Growth and Income Fund. BofA Merrill Lynch advised...

  • ISTANBUL, June 25- Turkish markets rallied on Monday as investors bet on Tayyip Erdogan's presidential election victory bringing political stability, setting aside any concerns over the direction of economic and monetary policy. The lira strengthened 1.5 percent to 4.5920 against the dollar by 0731 GMT from Friday's close of 4.6625. "In the short term,...

  • LONDON— A survey finds that almost half of European Union businesses have cut back on their investment in Britain since the country voted to leave the European Union two years ago. "Ultimately, business people don't want the relationship with the U.K. to break down completely," said Eric Lasry, a partner at the law firm. Animosity between the EU and the U.K. has slowed...

  • BEIJING, June 25- China's central bank on Monday issued guidelines for increasing financial support for smaller companies, including expanding financing channels for them, improving the business environment and implementing favourable tax policies. The notice follows a pledge from China's State Council last week to channel more loans to small firms and...

  • *ANZ had bought Landmark Financial Services in 2010. The admission from Australia's third-largest lender on Monday came as a powerful public inquiry into finance sector misconduct turned its attention to the country's $50 billion agriculture industry. ANZ has previously apologised for its treatment of some of the 7,000 customers it inherited in a...

  • LONDON, June 25- The latest episode in a trade dispute between the United States and other major economies sent European shares further into a funk on Monday with benchmarks down 0.8 to 1.2 percent and autos, basic resources and tech stocks the worst hurt. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block...

  • *China Enterprises index HSCE declines 1.1 pct. June 25- Hong Kong stocks fell to a six-month low on Monday, dragged by tech shares as the United States plans limits on Chinese investment in U.S. technology firms. **Around the region, MSCI's Asia ex- Japan stock index was weaker by 0.92 percent, while Japan's Nikkei index closed down 0.79 percent.

  • *China, auto shares take brunt of trade tensions. *Oil prices give up gains after OPEC meeting. President Donald Trump planned to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.

  • Prime Minister Theresa May has directed Conservative Party lawmakers to vote for the project. Foreign Secretary Boris Johnson, one of the most vocal critics of Heathrow expansion, won't participate because he is on a trade mission abroad. Friends of the Earth says it is "morally reprehensible" and would see the enlarged Heathrow emitting as much carbon as the...

  • MELBOURNE, June 25- London copper prices on Monday were little changed after giving up earlier gains as concerns of a widening trade dispute between the United States and China roiled markets. The U.S. Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying U.S. companies involved in "industrially...

  • June 25- Greystar Student Housing Growth and Income Fund, an affiliate of Greystar Real Estate Partners, will buy Education Realty Trust Inc, an owner of collegiate housing communities, for about $4.6 billion including debt, Education Realty said on Monday. Education Realty shareholders will receive $41.50 per share in cash. Under the deal, Education Realty...

  • Australia's biggest bank also unveiled a revamped executive team, seeking to rebuild its reputation after several scandals revealed flaws in its leadership culture, exposing it to closer regulatory scrutiny and potential fines. CBA's shares fell as much as 2.7 percent after the announcements- which according to analysts preempt structural reforms...

  • *Lira trims gains after rallying on Turkey president vote win. LONDON, June 25- A rally in the euro faded on Monday as the dollar edged up with trade tensions between the United States and the European Union seen deciding the near-term direction for the currencies. The report added to the sense of caution felt after President Trump on Friday threatened to impose a...

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has declined slightly although managers' outlook for the months ahead remains at least slightly optimistic. The Ifo institute said Monday that its monthly confidence index was down to 101.8 points for June from 102.3 last month. Economists had forecast a...

  • *Fake news messages on WhatsApp lead to beatings by mobs. *More than a dozen people beaten up so far this year. MUMBAI, June 25- A WhatsApp text circulating in some districts of India's central Madhya Pradesh state helped to inflame a mob of 50-60 villagers into savagely beating up two innocent men last week on suspicion that they were going to murder people and sell...

  • ISTANBUL, June 25- Turkish markets rallied on Monday as investors bet on Tayyip Erdogan's presidential election victory bringing political stability, setting aside any concerns over the direction of economic and monetary policy. The lira strengthened 1.5 percent to 4.5920 against the dollar by 0731 GMT from Friday's close of 4.6625. "In the short term,...

  • BERLIN, June 25- German business confidence deteriorated in June, a survey showed on Monday, suggesting the mood among company executives in Europe's biggest economy is darkening in light of the threat of a global trade war. The Munich- based Ifo economic institute said its business climate index fell to 101.8, falling slightly less than predicted in a Reuters...

  • While Britain and the EU have agreed in principle on a transition deal lasting from Brexit next March to the end of 2020, it is part of a broader divorce settlement that has yet to be formally adopted. Banks' preparations for the potential departure of Britain from the EU without a ratified withdrawal agreement are inadequate, the European Banking Authority...

  • EU WATCHDOG SAYS BANKS MUST NOT DELAY BREXIT PREPARATIONS TO SAVE MONEY.