CNBC Utilities Page Wires

  • The S&P 500 is just 0.3% away from an intra-day record high of 2,940.91 hit on Sept. 21 after surging about 17% this year, helped by a dovish Federal Reserve, hopes of a U.S.- China trade resolution and a largely upbeat earnings season. "Thus far you've had pretty strong reactions to earnings and investor sentiment is nervously positive," said Michael James, managing...

  • "It's going to make landfall tomorrow afternoon at Cabo Delgado, on the northeastern coast of Mozambique, and it is going to be a cyclone with wind speeds which could be 140 km per hour," said Jan Vermeulen, from the South African Weather Service. "The system will generate a storm surge when landing on the coast of Mozambique, which can reach between 2 and 4 metres in some...

  • REUTERS POLL- EGYPT ECONOMY TO GROW 5.5 PCT IN FISCAL 2018/ 19; 5.6 PCT IN 2019/ 20.

  • CAIRO, April 24- Egypt's economy is expected to grow 5.5 percent in the fiscal year that ends in June, according to economists polled by Reuters, a forecast slightly higher than the one offered by a survey three months ago but lower than the government's target. Egypt's non-oil private-sector activity contracted for the seventh consecutive month in March,...

  • NEW YORK, April 23- Developer Related Companies said on Tuesday one of its affiliates has agreed to buy the global headquarters of AT&T's WarnerMedia in Manhattan for about $2.2 billion, in one of the city's most expensive commercial real estate deals. Hudson Yards is a new $25 billion complex of commercial and residential skyscrapers built on Manhattan's far...

  • April 24- Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months. The world's largest planemaker is facing one of the biggest crises in its 103- year history following the disasters on Lion...

  • MUNICH, April 24- Researchers in Germany have created transparent human organs using a new technology that could pave the way to print three-dimensional body parts such as kidneys for transplants. Scientists led by Ali Erturk at Ludwig Maximilians University in Munich have developed a technique that uses a solvent to make organs such as the brain and kidneys...

  • LONDON, April 24- Raw sugar and arabica coffee futures were lower on Wednesday, depressed partly by the weakness of the currency of Brazil, the top producer of both commodities. *July raw sugar was down 0.07 cents, or 0.5 percent, to 12.83 cents per lb at 1343 GMT, as the market remained locked in a narrow trading band with solid support below 12.50 cents but heavy...

  • April 24- Canada's main stock index fell on Wednesday, as financial shares slipped ahead of an interest rate decision by the Bank of Canada. Canada's central bank is widely expected to leave its benchmark interest rate at 1.75% when the rate decision is announced at 10 a.m.. *In October, the Bank of Canada hiked rates for the fifth time since July 2017.

  • LONDON, April 24- Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute. A couple of long-running outages together with curtailments in Europe caused production outside China to dip 1.4 percent to 6.37 million tonnes in the first three months of 2019.. The net result was that global...

  • LONDON, April 24- Global aluminum production flatlined in the first quarter of this year, according to the International Aluminium Institute. A couple of long-running outages together with curtailments in Europe caused production outside China to dip 1.4 percent to 6.37 million tonnes in the first three months of 2019.. The net result was that global...

  • April 24- Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley's Tesla Inc.. Like Tesla, Plymouth, Michigan- based Rivian has drawn enthusiastic reviews from the motoring press for its trucks...

  • ALGIERS, April 24- Four brothers from the Kouninef family- tycoons close to Algeria's former president Abdelaziz Bouteflika- have been placed in temporary custody by a judge, private channel Ennahar TV reported on Wednesday. The four were arrested together with Algeria's wealthiest businessman, Issad Rebrab, on Monday as part of an anti-graft investigation.

  • April 24- Caterpillar Inc spooked investors for a second straight quarter on Wednesday with a 4 percent drop in Asia-Pacific construction equipment sales that pointed to more weakness in China, its key growth market. The world's largest heavy duty equipment maker took a hit in the fourth quarter from an unexpectedly sharp slowdown in China, which accounts for...

  • NEW DELHI, April 24- An Indian state court on Wednesday moved to lift a ban on popular video app TikTok in the country, two lawyers involved in the case said, in a boost for its developer Beijing Bytedance Technology Co.. It has been downloaded by nearly 300 million users so far in India, out of more than 1 billion downloads globally, according to analytics firm Sensor...

  • April 24- Wall Street was set to open flat on Wednesday after a record-setting rally in the previous session, as investors assessed quarterly reports from industrial bellwethers Boeing and Caterpillar. Boeing Co shares gained 1.5% in premarket trading even as the planemaker suspended its 2019 outlook and reported quarterly revenue below Wall Street...

  • TORONTO, April 24- The Canadian dollar weakened to a nearly seven-week low against its U.S. counterpart on Wednesday, as the greenback added to strong gains in the prior session and as investors awaited an interest rate decision from the Bank of Canada. Canada's central bank is widely expected to leave its benchmark interest rate at 1.75% when the rate decision...

  • MOSCOW, April 24- The quality of Russian oil flowing to northern and central Europe has deteriorated significantly in recent days, traders and Russian officials said, roiling the continent's refining industry. Oil flows via the Baltic port of Ust Luga and via the Druzhba pipeline to Belarus, Poland, Germany, Hungary and the Czech Republic have been contaminated...

  • NEW YORK, April 24- New York- based startup Chainalysis said on Wednesday it has expanded its real-time transaction monitoring service to cover 10 cryptocurrencies as part of an initiative to help reduce global anti-money laundering activities. The launch of additional cryptocurrencies comes as investors await global regulatory guidance that will...

  • NEW YORK, April 24- From snack companies to carmakers, a wide range of brands is trying to reach one of the hottest demographic groups around: esports fans. "Over all forms of entertainment, their biggest passion is video games," Nicole Pike, Managing Director of Nielsen Esports, said of enthusiasts of professional video gaming. The list of non-endemic brands in the...