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CNBC Utilities Page Wires

  • MOSCOW, April 20- Russia is not considering the temporary nationalisation of aluminium giant Rusal for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday. Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion roubles in liquidity from the government, Interfax added.

  • MOSCOW, April 20- Russia is not considering the temporary nationalization of aluminum giant Rusal for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday. Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion roubles in liquidity from the government, Interfax added.

  • MONTREAL/ VANCOUVER April 20- Canada's biggest rail union said no progress had been made in negotiations on Friday with Canadian Pacific Railway Ltd to reach a deal before a Saturday deadline as worries about a potential strike weighed on the country's crude oil prices. Chris Monette, spokesman for the union, Teamsters Canada Rail Conference, said "...

  • NEW YORK, April 20- General Electric Co said on Friday it was still considering a potential breakup of the 126- year-old industrial conglomerate, but such a move was secondary to running its businesses better. Boston- based GE is divesting about $20 billion in assets in an effort to reduce costs and boost profits as part of a three-year restructuring plan under...

  • TORONTO/ LONDON, April 20- Cocoa futures on ICE fell on Friday, dropping below the highest levels since 2016 reached earlier this week on pressure from lower North American first-quarter grind data, while raw sugar inched down to a 2-1/ 2- year low on ample global supplies. *July New York cocoa settled down $70, or 2.5 percent, at $2,729 per tonne. *The weak session stood...

  • WASHINGTON, April 20- Canada and Mexico on Friday said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement and that ministers would meet again on Tuesday as they push to wrap up a deal. Trade Representative Robert Lighthizer in Washington to revamp the 24- year-old accord. Canada and Mexico have...

  • April 20- Twitter Inc said on Friday that it has banned ads from Russia's Kaspersky Lab, charging that the company's business model conflicts with the social media platform's advertising rules and citing U.S. claims that the firm has ties to Russian intelligence agencies.

  • CHICAGO/ SAN FRANCISCO, April 20- As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner. Williams, who will leave his current job as San Francisco Fed President in June to take over at the...

  • *Oil prices turn negative after Trump criticizes OPEC. April 20- U.S. stocks fell on Friday, as Apple led a decline in technology stocks on concerns about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields. "There's the Apple news and there maybe some nervousness coming into the upcoming earnings reports," said Daniel Morgan, senior...

  • April 20- Wells Fargo& Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was a record from the U.S. Consumer Financial Protection Bureau and comes more than eighteen months after Wells Fargo...

  • FRANKFURT, April 20- The European Central Bank has asked for clarification from Deutsche Bank about a 28 billion euro mistaken transfer that the German lender made in March, a German newspaper reported on Friday. Deutsche Bank earlier on Friday said it had made the transfer in error to its own account at the derivative exchange Eurex, confirming news first...

  • BOSTON, April 20- Alnylam Pharmaceuticals Inc said on Friday that Dicerna Pharmaceuticals Inc will pay it $25 million in cash and stock to resolve a lawsuit claiming it stole trade secrets about gene-silencing technology used to develop drug treatments. Cambridge, Massachusetts- based Dicerna said it will also pay Alnylam another $13 million over the next...

  • Servicing fees rose 9.6 percent to $1.42 billion, while management fees rose 23.6 percent to $472 million. Assets under custody and administration rose 11.57 percent to a $33.28 trillion, while total fee revenue rose 7.5 percent to $2.36 billion. Net income available to common shareholders rose to $605 million, or $1.62 per share, from $446 million, or $1.15 per...

  • HONG KONG, April 20- China's ZTE Corp said on Friday that a U.S. ban on selling parts and software to the company was unfair and threatens its survival, and the mobile phone and telecommunications equipment maker vowed to safeguard its interests through all legal means. The U.S. Commerce Department's Bureau of Industry and Security, or BIS, this week banned...

  • SACRAMENTO, Calif. _ Bank of Commerce Holdings on Friday reported first-quarter earnings of $3.2 million. The bank, based in Sacramento, California, said it had earnings of 20 cents per share. Bank of Commerce shares have fallen nearly 1 percent since the beginning of the year.

  • WASHINGTON, April 20- Federal Reserve Governor Lael Brainard on Friday said the U.S. economy appears capable of handling further interest-rate increases in the near future. "My anticipation is that the outlook is for continued, solid growth," she said in an interview with CNBC. Asked about the potential for global trade friction, and President Donald Trump's new...

  • BRUSSELS, April 20- ArcelorMittal, the world's largest steelmaker, is on track to win EU antitrust clearance to acquire Italian peer Ilva after agreeing to sell a number of significant assets across Europe, two people familiar with the matter said on Friday. ArcelorMittal has offered to sell its only galvanized steel plant in Italy, as well as units in Romania,...

  • The company said at the time that it had reached an agreement to manufacture the doll with the Frida Kahlo Corporation, which says on its website that it owns the trademark rights to the artist's image worldwide. In a Twitter post on Wednesday, the family's official account, zFridaKahlo, wrote that a Mexico City judge had ordered the Frida Kahlo Corporation to...

  • WASHINGTON, April 20- Federal Reserve Governor Lael Brainard on Friday said that the U.S. economy appears capable of handling further interest-rate increases in the near future. "My anticipation is that the outlook is for continued, solid growth," she said in an interview with CNBC. "The outlook looks consistent to me for continued gradual increases in the federal...

  • April 20- U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices near three-year highs. Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March. RIG-OL-USA- BHI> More than half the total oil rigs are in the...