CNBC Utilities Page Wires

  • NEW YORK, Sept 19- The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market. While any immediate market impact will be hard to gauge, investors are preparing for volatility in...

  • LONDON, Sept 20- Gold hit its highest in nearly a week on Thursday as the dollar slumped, its safe-haven appeal lessened by fading fears over Sino-U.S. trade tensions and as investors opted for assets perceived as more risky, like stocks. "America is killing itself with these trade tariffs. actually hit America far harder than hit China. The idea that the dollar is all...

  • *Kuwait rises ahead of FTSE entry. RIYADH, Sept 20- Kuwait's stock market closed on a positive note on Thursday on expectations of passive fund inflows when it partly joins the FTSE Russell emerging market index on Monday, while other markets were mixed. Kuwait will join the emerging market index in two 50 percent phases, on Sept. 24 and Dec. 24, and Kuwaiti stocks in the...

  • PRETORIA, Sept 20- South Africa's central bank left its benchmark repo rate on hold at 6.5 percent on Thursday, in a tight call, with the bank's governor striking a more hawkish note than at the last rate meeting in July. The rate decision by the South African Reserve Bank was closely watched after emerging market peers Turkey and Russia raised their main lending...

  • *Loonie touches its strongest since Aug. 28 at C $1.2890. The currency touched its strongest since Aug. 28 at C $1.2890. Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing the North American Free Trade Agreement, which Washington insists must be finished by the...

  • SALZBURG, Austria— The Latest on Brexit talks at the European Union summit:. EU Council President Donald Tusk says that key parts of the British proposals to leave the European Union "will not work." The European Union and Britain are walking a diplomatic tightrope as they attempt to thrash out a divorce deal in time for Britain's departure from the bloc next March.

  • Sept 20- U.S. stocks rose at the open with the S&P 500 hitting a record high on Thursday, helped by a bounce back in technology stocks and relief that fresh U.S. and China tariffs were less damaging than feared. The Dow Jones Industrial Average rose 113.63 points, or 0.43 percent, at the open to 26,519.39. The S&P 500 opened higher by 11.78 points, or 0.41 percent, at...

  • Sept 20- Tesla Inc's Model 3 sedan has been awarded a five-star rating by the U.S. auto safety agency NHTSA, according to its website, saying https://www.nhtsa.gov/vehicle/2018/TESLA/MODEL %2525203/ 4% 252520 DR/RWD that the car had no recalls, investigations or complaints. The agency has been investigating crashes involving other Tesla models, which have...

  • SALZBURG, Austria— EU President Tusk says key parts of British plan for Brexit "will not work".

  • PRETORIA, Sept 20- South Africa's central bank left its benchmark repo rate on hold at 6.5 percent on Thursday, saying that the bank would continue to be vigilant as the inflation outlook had deteriorated since its last meeting in July.

  • Sept 20- Samsung Electronics Co Ltd is planning to lower memory chip growth output next year to keep supplies tight amid an expected slowdown in demand, Bloomberg reported on Thursday, citing people briefed on the matter. The company expects bit growth of less than 20 percent for dynamic random access memory and a 30 percent rise for NAND flash, Bloomberg said.

  • *Tech stocks bounce back, FAANGs climb premarket. Sept 20- U.S. stock index futures pointed to a higher opening on Thursday, extending a bounce since the latest blows in the U.S.- China trade spat this week on the back of a recovery for technology stocks. The tech-heavy Nasdaq, which has gained the most of Wall Street's three big indexes this year despite the trade...

  • Lawyers for Obi and Di Nardo declined to comment. Milan prosecutors allege bribes totaling around $1.1 billion were paid to win the licence to explore the field which, because of disputes, has never entered into production. But Obi and Di Nardo, accused of being middlemen and taking illegal kickbacks, had asked for a separate fast-track trial which, under Italian...

  • LONDON, Sept 20- The dollar fell to a nine-week low against a basket of major currencies on Thursday as investors shifted their focus from a trade row between China and the United States to the Federal Reserve's monetary tightening plans. Currency markets have become more settled since reacting strongly to new tariffs announced by Washington and Beijing on...

  • Sept 20- General Electric Co has identified an "oxidation issue" that affects the lifespan of its new, larger H-class gas turbines, GE Power Chief Executive Russell Stokes said in a blog post on the company's LinkedIn page. GE shares were down around 2 percent to $12.65 in trading before the bell on Thursday after J.P. Morgan analyst Stephen Tusa highlighted the...

  • *The Nordic front-quarter baseload power contract was down 2.4 euros to 43.95 euros per megawatt hour at 1218 GMT. The hydro balance improved 1.3 TWh from yesterday morning and there doesn't seem to be any immediate end to the wet weather, "said Thomson Reuters analyst Ole Tom Djupskaas. * "The weekend and the first half of the next week will be only slightly...

  • * "OPEC monopoly must get prices down now! *OPEC to meet on Sunday in Algeria to discuss supply. President Donald Trump called on OPEC to "get prices down now!"

  • PARIS, Sept 20- France's highest court of appeal on Thursday rejected the final appeal by former rogue trader Jerome Kerviel against his three-year jail sentence for causing a 4.9 billion euro loss to Societe Generale, a lawyer for the bank said. Lawyer Jean Veil said Kerviel had no further avenues to appeal his criminal conviction. The former trader was...

  • BALTIMORE— Under Armour will cut about 400 jobs, part of a restructuring that the sports gear maker announced earlier this year. Under Armour now anticipates restructuring-related charges this year of between about $200 million and $220 million. Excluding those costs, Under Armour Inc. expects full-year profits of between 16 and 19 cents per share.

  • SACRAMENTO, Calif. _ S&W Seed Co. on Thursday reported a loss of $4.3 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share. Four analysts surveyed by Zacks expected $13.3 million.