CNBC Utilities Page Wires

  • *Mozambique imports affected by cyclone. JOHANNESBURG, March 18- South Africa's state utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa's efforts to boost investments and economic growth. The situation worsened on Saturday after Eskom lost its electricity imports...

  • NEW YORK, March 18- A New York financier and Democratic political donor who pleaded guilty to a $292 million bank fraud is being released early from his 12- year prison term and moving to home confinement, court papers show. Hassan Nemazee, 69, who has spent about 8-1/ 2 years in prison, obtained approval last week from the federal Bureau of Prisons for the move, which...

  • March 18- Palladium surged to a record high on Monday, boosted by ongoing supply shortages for the autocatalyst metal, while gold rose as expectations the U.S. Spot palladium scaled an all-time peak of $1,577 an ounce and was up 0.8 percent at $1,571.65 at 1321 GMT. "There is big demand and the exchanges have no material," said George Gero, managing director at RBC...

  • REFILE-JET AIRWAYS GOYAL SAYS WILL CLEAR PENDING SALARIES, DUES ON PRIORITY ONCE RESOLUTION PLAN REACHED.

  • *Canadian dollar near flat against the greenback. TORONTO, March 18- The Canadian dollar was little changed against its U.S. counterpart on Monday, trading in a narrow range ahead of Tuesday's federal budget as oil prices rose and investors bet that the U.S. At 9:07 a.m., the Canadian dollar was.

  • March 18- 3 M Co said on Monday it would restructure its business to four units from five as it looks to increase customer focus and boost growth. The new structure will have the safety& industrial, transportation& electronics, health care and consumer segments. 3 M, which makes everything from adhesive tapes to air filters, will start reporting its financial...

  • *Britain to receive 14 cargoes in March. LONDON, March 18- Britain's imports of liquefied natural gas for March are at their highest levels since October 2015, helping British wholesale gas prices slide to a more than 18- month low. The influx of LNG follows a large boost in supplies in the past half a year, mainly from the United States and Russia, and subdued demand in...

  • WARSAW, March 18- Following is a table of Polish annual net inflation indices for January and February, published by the central bank on Monday.

  • March 18- Ericsson has received 4.62 billion rupees from Indian telecoms firm Reliance Communications Ltd, the Swedish company said on Monday, potentially saving billionaire Anil Ambani and two RCom directors from a jail term. Late last month, India's top court found Anil Ambani, chairman of the debt-laden firm, guilty of contempt of court for wilfully failing...

  • March 18- Apple Inc in a surprise move on Monday launched a new 10.5- inch iPad Air and updated its 7.9- inch iPad Mini ahead of its March 25 event. The new iPad models are already available for order at apple.com and in the Apple Store app in the United States and the UK, along with a few other countries. The 10.5- inch iPad Air, which includes Apple Pencil, starts at $499...

  • LONDON, March 18- Hedge fund managers have become more cautious about buying oil since the end of February as doubts about the global economy resurface, dampening expected price rises from OPEC- led production cuts and U.S. sanctions on Iran and Venezuela. Although hedge funds and other money managers were net buyers of 5 million barrels of Brent crude futures...

  • RIYADH, March 18- Saudi Arabia's listed companies could see holdings by foreign investors rise to 10 percent when their shares are included in index providers MSCI and FTSE's emerging-market indices, the chief executive of Tadawul told Reuters on Monday. Tadawul is the Middle East's largest exchange and Saudi Arabia's main exchange. Hussan said he estimates...

  • *FTSE 100 up 0.6 pct. *FTSE 250 down 0.4 pct. March 18- London's FTSE 100 extended its rally on Monday, led by miners including a jump in iron ore futures, while midcaps relinquished gains after a British lawmaker said "a lot of people" in parliament still opposed Theresa May's EU divorce deal.

  • LONDON, March 18- Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. The pan-European STOXX 600 index was up 0.1 percent by midday in London, also hitting a five-month high. Britain's FTSE 100 outperformed its European peers with a nearly 0.7 percent gain at the start of a week...

  • APPLE LAUNCHES 10.5-INCH IPAD AIR AND 7.9-INCH IPAD MINI.

  • *Wiese suing Steinhoff for 59 bln rand in damages. *Investigators found $7.4 bln accounting fraud. JOHANNESBURG, March 18- Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over his $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.

  • *Ethiopia says data shows similarities with Indonesia disaster. ADDIS ABABA/ PARIS, March 18- The world's biggest planemaker faced escalating pressure on Monday after Ethiopia pointed to parallels between its crash and one in Indonesia, sharping the focus on the safety of software installed in Boeing 737 MAX planes. Ethiopian Airlines, whose reputation also...

  • *S&P upgrades Portugal by one notch, rally gathers momentum. Standard& Poor's upgraded Portugal to BBB, and the Portuguese 10- year government bond yields fell to their lowest in at least 25 years. "Portugal was upgraded but even more important was that Moody's didn't do anything with Italy's rating, despite ongoing headlines," said Sebastian Fellechner, rates...

  • NEW DELHI, March 18- At least one person died in clashes between police and protesters outside Vedanta Ltd's aluminium plant in the eastern state of Odisha, the company said on Monday. The incident comes less than a year after police opened fire on demonstrators protesting against the operation of another Vedanta plant, its copper smelter in Thoothukudi in...

  • NEW DELHI, March 18- At least one person died in clashes between police and protesters outside Vedanta Ltd's aluminum plant in the eastern state of Odisha, the company said on Monday. The incident comes less than a year after police opened fire on demonstrators protesting against the operation of another Vedanta plant, its copper smelter in Thoothukudi in Tamil...