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CNBC Utilities Page Wires

  • HONG KONG, April 26- Chinasoft International attributed the biggest one-day drop in 10 years in its shares on Thursday to "the investigation of Huawei Technologies Co Ltd by the US Department of Justice" and said there was no immediate impact on its business. Beijing- headquartered Chinasoft, an information technology-related service provider, said in a...

  • LONDON, April 26- Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. "Shell's strong earnings this quarter were underpinned by higher oil and gas prices, the continued growth and very good performance of our Integrated Gas business, and improved...

  • HELSINKI/ LONDON, April 26- A U.S. ban on exports to China's ZTE over alleged Iran sanctions violations could play to the long-term advantage of rival network equipment supplier Nokia, the Finnish company's chief executive said on Thursday. "It is too early to tell what the impact might be from ZTE," Rajeev Suri said in response to a journalist's question on a...

  • *Bulk of cuts to focus on United States and Asia. The bulk of the cuts will focus on the United States and Asia. "Deutsche Bank is deeply rooted in Europe here we want to provide our clients access to global financing and treasury solutions," said new Chief Executive Officer Christian Sewing.

  • LONDON— Energy company Royal Dutch Shell says first-quarter earnings rose 67 percent, boosted by a rebound in oil prices and growth in its natural gas business. The Anglo-Dutch company said Thursday that net income jumped to $5.9 billion, from $3.5 billion in the same quarter last year. Shell increased its focus on natural gas, a less polluting form of fossil fuel...

  • PARIS, April 26- Record output and high oil prices helped French oil and gas major Total report a consensus-beating rise in net adjusted profit during the first three months of the year, with Total adding it would surpass its production target for 2018.. It said the ramp-up of production from new projects such as Yamal LNG in Russia and Moho Nord in Congo, along with...

  • HANOI, April 26- PetroVietnam Power Corp, or PV Power, has been granted government approval to build two gas-fired electricity plants in southern Vietnam at a total cost of nearly $1.5 billion, its parent company said on Thursday. Vietnamese Prime Minister Nguyen Xuan Phuc has given the go-ahead for the two facilities in the province of Dong Nai, state oil firm...

  • LONDON, April 26- Britain's competition watchdog said the planned merger of SSE's retail power and gas business in the UK with Npower, owned by German rival Innogy, could lead to higher prices for customers and warrants further scrutiny. The watchdog said the merger would be referred for a longer Phase 2 investigation unless the parties offer acceptable...

  • BORACAY, Philippines, April 26- Volunteers combed near-empty beaches and workers boarded up shops on the island of Boracay on Thursday, as the Philippines' top tourist hotspot closed for a six-month makeover aimed at rescuing it from ruin. For the first time in years, Boracay's most famous beach was almost deserted. Boracay was officially closed to visitors as of...

  • ZURICH, April 26- Roche raised its 2018 sales forecast on Thursday, buoyed by a strong first-quarter performance from new drugs including multiple sclerosis treatment Ocrevus. First-quarter sales rose 6 percent at constant exchange rates to 13.6 billion Swiss francs, compared with analysts' average estimate of 13.3 billion francs in a Reuters poll.

  • LONDON, April 26- Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts' expectations. Net income attributable to shareholders in the quarter, based on a current cost of supplies and excluding identified items, rose to $5.322 billion from a...

  • PARIS, April 26- Record output and high oil prices helped French oil and gas major Total report a consensus-beating rise in net adjusted profit during the first three months of the year, with Total adding it would surpass its production target for 2018.. Net adjusted profit came in at $2.9 billion, beating analysts' forecast of $2.77 billion in the quarter.

  • FRANKFURT, Germany— Deutsche Bank made 120 million euros in the first quarter as exchange rates and lower revenues at its investment banking business weighed on earnings, the company said Thursday. The bank, which replaced CEO John Cryan earlier this month and is struggling to profit after three straight full-year losses, said it would cut the number of top...

  • BERLIN, April 26- The mood among German consumers fell heading into May, a survey showed on Thursday, amid fears that a possible confrontation between the West and Russia in Syria and protectionist U.S. trade policies could hurt the economy. The consumer sentiment indicator, published by the GfK institute and based on a survey of around 2,000 Germans, fell to 10.8...

  • SEOUL, April 26- South Korea's economy bounced back last quarter, buoyed by booming exports of data memory chips and a boost from government spending, although private consumption was sluggish. Samsung Electronics, South Korea's world-leading tech exporter, posted a record quarterly profit of 11.6 trillion South Korean won on Thursday thanks to booming...

  • TOKYO, April 26- Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. Spreadbetters expected European stocks to open higher off the back of firm U.S. stocks, pointing to a rise in Britain's FTSE of 0.1 percent, an increase in Germany's DAX of 0.4 percent and in France's CAC of...

  • *Bulk of cuts to focus on United States and Asia. The bulk of the cuts will focus on the United States and Asia. "Deutsche Bank is deeply rooted in Europe here we want to provide our clients access to global financing and treasury solutions," said Chief Executive Officer Christian Sewing.

  • *GM Korea woes benefit Hyundai, imported cars. The lacklustre results underline how Hyundai, which has been in the red for the past five years, continues to pay the price for its heavy reliance on sedan sales in the world's top two auto markets at a time when SUVs are all the rage. Shares of Hyundai dropped as much as 5 percent after the automaker reported a...

  • ZURICH, April 26- Roche raised its 2018 sales outlook on Thursday after getting a lift in the first three months of the year from newer drugs including multiple sclerosis medicine Ocrevus. First-quarter sales rose 6 percent at constant exchange rates to 13.6 billion Swiss francs, compared to the average 13.3 billion franc analyst estimate in a Reuters poll.

  • HELSINKI, April 26- Network equipment maker Nokia on Thursday posted weaker-than-expected quarterly profits as telecom operators, particularly in North America, held off spending, but it expressed confidence that momentum was building later in 2018.. The Finnish company, which competes with Sweden's Ericsson, Huawei and ZTE, both of China, said the battered...