CNBC Utilities Page Wires

  • ABIDJAN, March 25- Above-average rainfall in Ivory Coasts key cocoa regions last week will boost the April-September mid-crop, but dry spells in the country's center have raised concerns, farmers said on Monday. Ivory Coast, the worlds top cocoa producer, is entering the rainy season, which runs from mid-March to late October. They hope the mid-crop price will...

  • Spot gold had risen 0.5 percent to $1,320.94 an ounce by 1417 GMT, after touching its highest since Feb. 28 at $1,321.13. "The pullback in the stock markets, the dollar index and benign interest rates are helping gold prices," said George Gero, managing director at RBC Wealth Management. Political turmoil in Britain over the country's exit from the European Union,...

  • HOUSTON, March 25- The backlog of vessels waiting to move through the Houston Ship Channel grew on Monday while it remained closed to traffic for a third day as emergency workers attempted to clear a petrochemical spill from the Intercontinental Terminals Co storage facility in Deer Park, Texas, the U.S. Coast Guard said on Monday. Fuels spilled after a 10- foot...

  • GLOBAL SETTLEMENT OF MORE THAN 25,000 CASES WILL BE SPLIT EQUALLY BETWEEN COMPANIES.

  • The consortium, which includes UK- based Apax Partners, U.S.-based Warburg Pincus and two Canadian pension funds, is betting in part on Inmarsat's reputation for selling faster and more reliable in-flight Wi-Fi to commercial airlines worldwide. Inmarsat shareholders will get $7.21 cash, or 546 pence per share. Inmarsat does not expect regulators to pose...

  • March 25- Canada's main stock index extended losses on Monday from its sharpest decline this year in the previous session, as investors fled riskier assets on concerns over a softening global economy. *At 9:59 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 50.65 points, or 0.31 percent, at 16,038.68. *The materials sector added 0.6 percent...

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. LONDON, March 25- Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC's production cuts and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.94 per barrel, down 9 cents or 0.13 percent at 1355 GMT, while U.S.

  • WASHINGTON, March 25- The U.S. Supreme Court on Monday rejected a bid by online shoe retailer Zappos to throw out a class-action lawsuit by customers who said their personal information was stolen by hackers in 2012.. The justices denied an appeal by Zappos, a subsidiary of Amazon.com Inc, of a ruling by a California- based federal appeals court that revived the...

  • *Canada's yield curve inverts further. The price of oil, one of Canada's major exports, fell as growth concerns overshadowed support from tighter supply. Canada's 10- year yield traded 1.9 basis points further below the yield on the 3- month T-bill to a spread of -7.2 basis points.

  • DUBAI, March 25- Bahrain's liquefied natural gas terminal will start commercial operations in May, with the first LNG shipment to be imported mostly from the UAE's ADNOC, state media quoted the CEO of Bahrains National Oil and Gas Authority as saying. Bahrain LNG is the developer of the receiving and regasification terminal within the Khalifa bin Salman Port...

  • BERLIN, March 25- German Foreign Minister Heiko Maas said on Monday he still hoped for a majority of British lawmakers to back a withdrawal agreement with the EU which would lead to an orderly Brexit.

  • PRAGUE, March 25- Broadcaster Central European Media Enterprises said on Monday that it has launched a review of strategic options including possibly selling the company. Its net debt dropped to $765 million by the end of last year from $1.1 billion in 2017.. It said it had hired Allen& Company LLC and BofA Merrill Lynch as financial advisors, and Covington&...

  • ROME, March 25- Paul Surridge said on Monday he would resign from his position as creative director of Italian fashion house Roberto Cavalli, confirming press rumours about his imminent exit. The designer, who joined the Florentine label in 2017, said in an Instagram post he wished to "focus on other projects that I put aside in order to achieve our common goals...

  • NEW YORK, March 25- Benchmark 10- year Treasury yields held near more than one-year lows on Monday while the yield curve between three-month bills and 10- year notes was modestly inverted as investors evaluated last weeks dovish pivot by the Federal Reserve. The yield curve inverted on Friday after disappointing manufacturing data in the United States and...

  • OSLO, March 25- Norwegian Air aims to turn profitable this year, its chief executive said on Monday, reiterating plans to turn around the situation at the loss-making budget airline. "We aim to become profitable in 2019," Bjoern Kjos told Norwegian public broadcaster NRK. "We're managing well as an independent company."

  • "There are some headwinds from a macro perspective after the broader reaction to the PMIs and the Fed last week, but for base metals in particular, there's a limit to how far that narrative can weigh on the complex," said analyst Nicholas Snowdon at Deutsche Bank in London. Benchmark copper on the London Metal Exchange dropped to a low of $6,295 a tonne, the weakest...

  • LAUNCESTON, Australia, March 25- The slump in the spot price of liquefied natural gas in Asia to its lowest in three years should give pause for thought to the slew of companies planning new ventures to produce the super-chilled fuel. The spot price for LNG delivered to Northeast Asia dropped to $4.65 per million British thermal units in the week to March 21, the...

  • LONDON, March 25- The euro rose on Monday after a better-than-expected business confidence survey from Germany eased some of the worries about economic growth and knocked the safe-haven yen off six-week highs to the dollar. However, sentiment took a turn for the better after Germany's IFO Institute said its business climate index rose to 99.6 in March, from an...

  • JOHANNESBURG, March 25- South Africa's gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said on Monday. "In total, as many as 90,222 jobs would be at risk solely as a result of the MYPD4 tariff increases granted...

  • LONDON, March 25- Hedge funds bought another 65 million barrels of petroleum futures and options in the week to March 19, taking total purchases over the last 10 weeks to 384 million barrels, according to reports published on Friday. Hedge funds and other money managers have boosted their overall bullish position in the six most important derivative contracts...