CNBC Utilities Page Wires

  • SHANGHAI, Nov 20- China's yuan weakened marginally on Tuesday due to some corporate demand for the dollar, which eased in global markets following cautious comments by U.S. Prior to market opening on Tuesday, the People's Bank of China set the midpoint rate at 6.928 per dollar, 35 pips weaker than the previous fix of 6.9245. Ken Cheung, senior Asian FX strategist at...

  • SYDNEY, Nov 20- U.S. soybean futures edged higher on Tuesday, rebounding from a near two-week low touched in the previous session, though gains were checked amid fears of a prolonged U.S.- China trade war. The most active soybean futures on the Chicago Board Of Trade were up 0.1 percent to $8.74-1/ 2 a bushel, as of 0438 GMT, after closing down 2.1 percent on Monday when...

  • BEIJING, Nov 20- China's opening up of its economy will help it cope with the trade frictions with the United States, a central bank adviser said on Tuesday, adding that China cannot go backwards on its market reforms. But China will forge ahead with its reforms at its own pace, Liu Shijin, an adviser to the People's Bank of China, said at a finance forum in Beijing.

  • CHICAGO, Nov 19- Boeing Co plans to hold a conference call with airlines on Tuesday morning to discuss systems on the 737 MAX model that crashed in Indonesia last month, according to four sources with familiar with the matter. A Lion Air Boeing 737 MAX crashed in the Java Sea on Oct. 29, killing all 189 people on board, in the first major accident involving the latest...

  • *OPEC, allies to meet on Dec. 6 to discuss supply cuts. SINGAPORE, Nov 20- Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries. Brent crude oil futures, the international benchmark for oil prices, were at...

  • TOKYO, Nov 20- Asian stock markets skidded on Tuesday, extending sharp losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.9 percent. In Seoul, Samsung Electronics...

  • WASHINGTON, Nov 19- The United States is considering adding Venezuela to its list of state sponsors of terrorism but no final decision has been made, a person familiar with the deliberations said on Monday. Adding Venezuela to the list could limit U.S. economic assistance and impose financial restrictions on a country already suffering from hyperinflation,...

  • WASHINGTON, Nov 19- The United States is preparing to add Venezuela to its list of state sponsors of terrorism but no final decision has been made, a person familiar with the deliberations said on Monday. Adding Venezuela to the list could limit U.S. assistance and impose financial restrictions in a country already suffering from hyperinflation and shortages...

  • BEIJING, Nov 20- China's high-level reforms and moves to open up its economy will help cope with trade frictions with the United States, a central bank adviser said on Tuesday, adding that China cannot go backwards on its market reforms.

  • SINGAPORE, Nov 20- The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by Federal Reserve caution on the global outlook and weak data at home, pointing to slower rate hikes. Last week, Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan raised concerns over a potential global slowdown that has seen markets...

  • TOKYO, Nov 20- Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank must maintain negative interest rates for now as part of its massive stimulus program. "I know there is various debate on the BOJ's negative rate policy. But for the time being, it's a necessary step that is part of our large-scale monetary easing program, "Kuroda told parliament.

  • WASHINGTON, Nov 19- Mexico expects Washington to begin lifting steel and aluminum tariffs against it later this month, when Canada, Mexico and the United States are slated to sign a revamped trade deal, the Mexican ambassador to the United States told McClatchy on Monday. The Trump administration imposed tariffs on metal imports from Canada and Mexico in June,...

  • *OPEC, allies to meet on Dec. 6 to discuss supply cuts. SINGAPORE, Nov 20- Oil prices were stable on Tuesday on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a surge in output from the United States. "Meanwhile, producers are considering supply reductions in response and we expect OPEC to agree to a...

  • TOKYO, Nov 20- Shares of Nissan Motor Co fell 6 percent early on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance. Speaking at a late-night news conference on Monday, Nissan CEO Hiroto Saikawa conceded that too much power had been...

  • TOKYO, Nov 20- Shares of Nissan Motor Co were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance. In a late-night announcement on Monday, Nissan said Ghosn was arrested for alleged financial...

  • BENGALURU, Nov 20- The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down. The probability of a U.S. recession in the next two years, while still low, also nudged up to a median 35 percent from 30 percent in...

  • Federal Reserve Today in Washington. 20- Nov United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2056 20- Nov Japan Auction of 20- year government bonds 20- Nov Spain Auction of 3- and 9- month Treasury bills 21- Nov Sweden Auction of Treasury bills 21- Nov Germany Auction of 5- year Federal notes 22- Nov Japan 3- month discount bill auction 22- Nov...

  • SEOUL/ TOKYO, Nov 20- South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas, winning all of the orders for the next three years worth more than $9 billion. The bulging orderbook illustrates the dominance the South Korean yards have achieved over their competitors, especially in Japan.

  • L Brands said on Monday it hired John Mehas from lifestyle brand Tory Burch as CEO of Victoria's Secret to replace Jan Singer, effective early 2019.. Mehas is a retail industry and merchandising veteran who has previous stints at Polo Ralph Lauren's Club Monaco, Gap and Macy's Bloomingdales. L Brands has said it would pursue options for its money-losing La Senza...

  • Nov 19- Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with UK- based Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc in the small, but fast-growing online segment that accounts for anywhere...