CNBC Utilities Page Wires

  • *Italy industrial orders drop over 5 pct yoy. "The industrial orders data from Italy has triggered this knee-jerk reaction of BTPs selling off and Bunds rallying," said Mizuho rates strategist Antoine Bouvet. Indeed, Italy's 10- year bond yield was last up 6 basis points on the day at 1.74 percent, pushing the gap over German 10- year bond yields to 273 bps-- 10 bps wider...

  • *UK pay growth fastest in a decade in late 2018. LONDON, Feb 19- The British pound held above $1.29 on Tuesday after labor market data showed workers' pay growth held at its fastest pace in a decade in late 2018, with investors' focus quickly shifting back to Brexit talks between London and Brussels. "The most recent data on the UK labor market continues to be strong on...

  • *OPEC supply cuts, Venezuela sanctions tighten market. LONDON, Feb 19- Oil stayed within sight of its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC- led supply cuts although concern about slowing economic growth that would curb demand weighed. U.S. sanctions against OPEC members Iran and Venezuela have also tightened the market.

  • SINGAPORE, Feb 19- Asian refining margins for jet fuel slipped on Tuesday, but stayed close to a one-month high touched in the previous session, while cash discounts for the aviation fuel widened amid muted demand in the physical market. Refining margins for jet fuel eased to $14.32 a barrel over Dubai crude during Asian trading hours, compared with Monday's...

  • GENEVA, Feb 19- A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday. The WTO's quarterly outlook indicator, a composite of seven drivers of trade, showed a reading of...

  • LONDON, Feb 19- Northern Europe will experience above normal temperatures for the better part of March to May, with most of the continent enjoying a generally warm and wet spring, The Weather Company said on Tuesday. "As we look ahead to spring, we feel that the biggest risks for colder weather, relative to normal, are still in March, and especially across...

  • *Hopes of progress in U.S.- China talks limit losses. LONDON, Feb 19- European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan's central bank said it could ease policy again. World markets were struggling a bit for direction after a slow but buoyant...

  • WORLD TRADE ORGANIZATION'S QUARTERLY OUTLOOK INDICATOR SHOWS WEAKEST READING SINCE MARCH 2010, AT 96.3.

  • *FTSE 100 down 0.5 pct. *FTSE 250 down 0.3 pct. The FTSE 100 was down 0.5 percent and the FTSE 250 was down 0.3 percent by 0936 GMT.

  • LONDON, Feb 19- European shares slipped from four-month highs on Tuesday as anxiety over potential tariffs on European car imports to the U.S. dampened the optimistic mood over U.S.- China trade talks. A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday. A confidential U.S. Commerce...

  • DUBAI, Feb 19- Dubai residential property prices will fall another 5-10 percent this year due to a continued gap between supply and demand, before steadying in 2020, S&P Global Ratings said on Tuesday. The Dubai government's finances rely in large part on real estate-related income so they could suffer if the downturn is exacerbated, S&P said in a report.

  • TEL AVIV, Feb 19- Teva Pharmaceutical Industries expects its generic version of Mylan's EpiPen to have about 25 percent of the U.S. market by the end of 2019, Chief Executive Kare Schultz said on Tuesday. Israel- based Teva, the world's largest generic drugmaker, is already selling its product for adults and plans to start supply of a junior version for young...

  • ABU DHABI, Feb 19- South Africa's state-owned defense group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. "We are the custodians of a sovereign and a strategic capability on behalf of the government and we will not dilute it or let it go," du Toit said at the IDEX...

  • ABU DHABI, Feb 19- South Africa's state-owned defence group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said on Tuesday. "We are the custodians of a sovereign and a strategic capability on behalf of the government and we will not dilute it or let it go," du Toit said at the IDEX...

  • BRUSSELS, Feb 19- EU lawmakers voted on Tuesday narrowly in favor of the European Union starting negotiations with the United States on a deal to lower tariffs on industrial goods. The European Parliament's international trade committee voted by 21 to 17 on a resolution encouraging the 28 EU countries to back negotiating mandates put forward by the European...

  • DUBLIN, Feb 19- Ireland's deputy prime minister on Tuesday called on people not to stockpile medicine before Britain quits the European Union, saying the country had at least eight weeks of supply and was moving to source medicines from other EU countries. Despite its large pharmaceutical industry, Ireland relies on Britain for many medicines.

  • Honda, which said the decision was based on changes in the global auto market, will also stop making its popular Civic sedan at its plant in Turkey from 2021, although it plans to continue its operations in that country, Chief Executive Takahiro Hachigo told a news conference in Tokyo. The plant closure will be one of several by automakers reassessing their...

  • *FTSE 100 down 0.4 pct. *FTSE 250 down 0.2 pct. The FTSE 100 was down 0.4 percent and the FTSE 250 was down 0.2 percent by 0837 GMT, ahead of unemployment rate data.

  • LONDON, Feb 19- The British pound hovered above $1.29 on Tuesday as traders awaited an update on Brexit talks between London and Brussels and data on the health of Britain's labor market. The Bank of England has said it wants to see wage inflation pressures before it raises interest rates again, although markets have pared back their expectations for tightening...

  • LONDON, Feb 19- The British pound hovered above $1.29 on Tuesday as traders awaited an update on Brexit talks between London and Brussels and data on the health of Britain's labour market. The Bank of England has said it wants to see wage inflation pressures before it raises interest rates again, although markets have pared back their expectations for...