CNBC Utilities Page Wires

  • *OPEC, allies meeting in Algiers as Iran sanctions bite. ALGIERS, Sept 22- OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers. On Friday, a source familiar with the...

  • In the aftermath of Hurricane Florence, thousands of people in the Carolinas are still waiting to return to their homes. Those who have are assessing the damage. Catastrophe modeling firm AIR Worldwide estimates insured wind and storm surge losses for Florence between $1.7 billion and $4.6 billion.

  • MOSCOW— Thousands rallied across Russia on Saturday to protest the government's plan to raise the eligibility age for retirement pensions by five years. Several thousand people attended a Moscow rally organized by the Communist Party and other leftist groups, which was authorized by city officials. Communist Party chief Gennady Zyuganov called for...

  • LONDON— Britain's foreign secretary has urged European Union leaders to "step back from the abyss" and seek a compromise over Brexit. Jeremy Hunt told BBC Saturday the EU should work with Britain to try to find a way to make Prime Minister Theresa May's "sensible, concrete proposals actually work." The impasse has raised the prospects that Britain will leave the EU...

  • ALGIERS, Sept 22- An OPEC and non- OPEC monitoring committee found that oil producers' compliance with a supply-reduction agreement reached 129 percent in August, two committee delegates said on Saturday.

  • LONDON, Sept 22- Britain said on Saturday it would not capitulate in Brexit talks and again urged its EU partners to engage with its proposals, as ministers in Paris and Berlin suggested the next move in the negotiations should come from London. British Prime Minister Theresa May on Friday demanded new proposals and respect from European Union leaders, saying...

  • HONG KONG, Sept 22- Chinese police on Friday arrested 21 suspects in connection with the theft of customer information from Alibaba Group Holding's logistics affiliate Cainiao Network, state news agency Xinhua reported. More than 10 million pieces of client data- including user names, phone numbers and parcel tracking numbers- were stolen from Cainiao, which...

  • NEW DELHI/ PARIS, Sept 22- Indian Prime Minister Narendra Modi faced calls for his resignation over allegations of corruption in a military jet deal with France after former French president Francois Hollande was quoted as saying New Delhi had influenced the choice of a local partner. We took the interlocutor that was given to us, "he was reported as telling the...

  • TOKYO, Sept 22- Japan is mulling a bilateral trade agreement with the United States that would lower tariffs on U.S. agriculture imports in exchange for avoiding higher tariffs on Japanese autos, the Nikkei newspaper said on Saturday. Japan's government is considering lowering agricultural tariffs to levels the United States would have gotten had it...

  • IRAN WILL NOT ABANDON ITS DEFENSIVE WEAPONS, INCLUDING ITS MISSILES THAT MAKE AMERICA ANGRY- ROUHANI ON LIVE TV.

  • TRUMP WILL FAIL AGAINST IRAN JUST AS IRAQ'S SADDAM HUSSEIN DID, IRAN'S ROUHANI SAYS IN EVENTS MARKING IRAN- IRAQ WAR- STATE TV.

  • HONOLULU— The recent eruption of Hawaii's Kilauea volcano has quieted to the point that federal officials are ready to allow people back to the dramatically changed summit crater, which has quadrupled in size, lost all of its lava and collapsed downward so far that the Empire State Building could now fit inside. Hawaii Volcanoes National Park will reopen its...

  • HONG KONG— Hong Kong on Saturday opened a new high-speed rail link to inland China that will vastly decrease travel times but also raises concerns about Beijing's creeping influence over the semi-autonomous Chinese region. The train travels the 26 kilometers through Hong Kong to Shenzhen across the border in China in just 14 minutes, down from about 1 hour...

  • HONOLULU— A national park in Hawaii is reopening after being closed for more than four months because of Kilauea volcano's latest eruption. Hawaii Volcanoes National Park officials are bracing for long lines and crammed roads as visitors flock to the park Saturday. Kilauea has been active for decades.

  • WASHINGTON, Sept 22- The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday. The official said despite its protestations, China was well aware of U.S. demands it...

  • Sept 21- Google's Chief Executive Sundar Pichai denied reports of efforts to politically bias the company's internet search results, Axios reported http://bit.ly/2QQ9QUS on Friday citing a memo. The Wall Street Journal citing internal emails reported on Thursday that the company's staff discussed ways to alter search functions to counter the Trump...

  • Treasury official Adam Lerrick has been tapped by the Trump administration to serve as the country's acting executive director at the International Monetary Fund, the Financial Times reported on Friday, citing a source. Lerrick, who is a counselor for international affairs, will be temporarily appointed U.S. executive director at the IMF while the...

  • GOOGLE CEO SENT AN EMAIL ON FRIDAY DENYING ANY EFFORT TO POLITICALY BIAS THE CO'S SEARCH RESULTS AND REINFORCING CO'S NEED TO REMAIN POLITICALLY NEUTRAL-AXIOS, CITING MEMO.

  • **LONDON- Participation by ECB chief economist Peter Praet in opening keynote dialogue at FT Investment Management Summit Rebalancing Return and Risk Amid Global Recovery in London 0810 GMT. **FRANKFURT- Opening remarks by ECB Board Member Benoit Coeure at annual meeting of ECB's Money Market Contact Group in Frankfurt 1200 GMT. **LONDON- Guest talk by ECB chief...