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CNBC Utilities Page Wires

  • BERLIN, May 24- A U.S. decision to launch a national security investigation into car imports marks a further low point in business ties with Europe and will hit both manufacturers and consumers, Germany's DIHK Chambers of Industries and Commerce said on Thursday. The United States is the second-biggest export destination for German auto manufacturers after...

  • MOSCOW, May 24- The Russian central bank is sticking to its plan to trim rates further as the economy and the financial system have already adapted to the latest U.S. sanctions, Central Bank Governor Elvira Nabiullina said in a CNBC interview released on Thursday. The central bank held rates in April, having cut them from 17 percent at the end of 2014 to 7.25 percent...

  • FRANKFURT, May 24- A U.S. warning it may introduce tariffs on foreign auto imports hit shares in German carmakers BMW, Daimler and Volkswagen on Thursday, which together have a more than 90 percent share of North America's premium car market. Import duties on cars would be a nightmare for the German auto industry and would lead to a massive sales impact, "said Thomas...

  • LONDON, May 24- British retail sales jumped last month by the most in one-and-a-half years, official figures showed on Thursday, suggesting the economy was recovering from a snowy start to the year. The Bank of England is waiting for signs of recovery before it raises interest rates again and sterling was up by half a percent on day against the U.S. dollar after the...

  • LONDON, May 24- World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey's lira slumped back after a huge emergency interest rate hike failed to stem its problems. Japan's Nikkei ended down 1.1 percent after Nissan, Mazda and Toyota all skidded, while BMW, Daimler and Volkswagen reversed between 1.7 to 2.3...

  • *Talks follow Latvia's ABLV, Malta's Pilatus cases exposed by U.S. BRUSSELS, May 24- European Union governments are considering new rules to counter money laundering after alleged wrongdoing at two banks in smaller states of the bloc flagged risks to financial stability, according to officials and an EU document. The possible move follows the collapse of...

  • MOSCOW, May 24- Russia's No.2 bank VTB said on Thursday it had sold an 11.82 percent stake in food retailer Magnit worth 62.5 billion roubles to Marathon Group, which is owned by Russian businessmen. Marathon Group was founded in 2017 by businessmen Alexander Vinokurov and Sergey Zakharov. VTB bought a 29.1 percent stake in Magnit from its founder Sergey...

  • FTSE 100 down 0.1 pct. LONDON, May 24- Gains in sterling sparked by better retail sales data bruised Britain's internationally-exposed FTSE 100 index, while a recovery in commodities helped limit losses, and earnings updates drove sharp single-stock moves. Retail sales jumped by more than expected in May, pushing sterling up and weighing on the FTSE whose...

  • ISTANBUL, May 24- Turkey's lira weakened more than 2 percent on Thursday, giving up some of the hefty gains it made after the central bank raised interest rates by 300 basis points on Wednesday in an emergency move to prop up the tumbling currency. Investors have hammered the currency on concerns about the central bank's ability to tame double-digit inflation,...

  • SANTIAGO, Chile _ Sociedad Quimica y Minera de Chile SA on Thursday reported first-quarter profit of $113.8 million. On a per-share basis, the Santiago, Chile- based company said it had profit of 43 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON— Official figures show that retail sales bounced back strongly in April after cold weather hit the previous month. The Office for National Statistics said Thursday that retail sales jumped a monthly 1.6 percent in April, more than making up the 1.1 percent decline in March. The agency's head of national accounts, Rob Kent-Smith, said car fuel and...

  • LONDON, May 24- British broadband company TalkTalk added 109,000 subscribers in its fourth quarter, its best ever quarterly net gains, although the related investment hit full-year earnings which fell 35 percent to 233 million pounds. The company also announced the sale of its direct business-to-business unit to Daisy Group for 175 million pounds on...

  • LONDON, May 24- Kingfisher, Europe's second largest home improvement retailer, said its quarterly sales were hit by winter snow storms which kept British and French shoppers at home. Shares in Kingfisher, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, fell by as much as 3.5 percent on Thursday immediately following the...

  • ECB'S VASILIAUSKAS SAYS DOESN'T DISAGREE WITH FORECASTS OF ECB RATE HIKE IN SIX MONTHS.

  • *Good auction demand seen in Budapest, weak in Bucharest. BUDAPEST, May 24- A retreat of the dollar helped Central European currencies rebound from multi-month lows on Thursday ahead of key government bond auctions in Bucharest, Budapest and Warsaw to test appetite after a sell-off in the past weeks. But trading at 25.827 versus the euro it remained near this...

  • *Company seen valued at $7- 11 billion. AMSTERDAM, May 24- Adyen, a Dutch company that processes payments for Airbnb, Uber, Spotify and Netflix, plans to list on the Amsterdam stock exchange in June in the midst of a wave of dealmaking in the digital payments industry. Sources close to the matter told Reuters last month that Adyen was eyeing a valuation of 6- 9 billion...

  • FRANKFURT/ BERLIN, May 24- Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent. The stake increases the influence of interventionist investors on the group, which already counts Sweden's Cevian as its...

  • BRUSSELS, May 24- The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched following a complaint by EU steelmaker group...

  • *China Enterprises index HSCE rises 0.5 pct. SHANGHAI, May 24- Hong Kong stocks ended higher on Thursday, helped by services and energy companies, though gains were capped amid renewed concerns over China-U.S. trade tensions. President Donald Trump signalled a new direction in U.S.- China trade talks and said any deal would need "a different structure," fuelling...

  • PRAGUE— Exports of Budvar beer, which has been embroiled in a lengthy legal dispute with U.S. giant Anheuser-Busch over the use of the "Budweiser" brand, reached a record in 2017.. Budejovicky Budvar NP, a Czech state-owned brewery, said Thursday it exports rose 1.5 percent on the year to a record of 990.5 thousands hectoliters. Budvar exported its beer to 76...