CNBC Utilities Page Wires

  • CAIRO, Oct 15- Shares in Egypt's Sarwa Capital fell 15.1 percent on their first day of trading on the Egyptian stock exchange, bourse data showed on Monday. Sarwa's shares began trading at 7.36 Egyptian pounds per share after a public and private offering worth 2.17 billion Egyptian pounds. Four companies listed in Cairo in the first nine months of this year in...

  • The workers, represented by the National Union of Metal Workers of South Africa, are demanding the same rights as those in the engineering sector represented by the Metal and Engineering Industries Bargaining Council. NUMSA's spokeswoman Phakamile Hlubi-Majola said the union members' grievances included a reduction in the minimum wage from 40 rand to 20...

  • WASHINGTON, Oct 15- More than 80 percent of Lockheed Martin Co-made F-35 fighter jets in the United States and around the globe have cleared engine inspections and are now okayed for flight operations after engine inspections, the Pentagon said on Monday.

  • NEW DELHI, Oct 15- Global oil major BP said on Monday fuel price controls are "not good," days after India asked state-run fuel retailers to shield customers from record-high costs by cutting margins. He declined to say when BP would open its first fuel retail outlet in India in partnership with Reliance. BP, which has tied up with Reliance to explore gas fields in...

  • Oct 15- Insured losses for wind and storm surge from Hurricane Michael will run between an estimated $6 billion and $10 billion, risk modeler AIR Worldwide said on Monday.

  • Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. "Growing tensions over the disappearance of journalist Jamal Khashoggi at the Saudi consulate in Istanbul has proved supportive," said ING commodities strategist Warren Patterson. Saudi Arabia has been under pressure...

  • *Safe havens yen, Swiss franc gain on tensions with Saudi Arabia. NEW YORK, Oct 15- The U.S. dollar dipped on Monday after retail sales data for September missed economists expectations, and as benchmark U.S. We had softer than expected retail sales, that was another leg of dollar selling, said Win Thin, global head of currency strategy at Brown Brothers Harriman in New...

  • PARIS, Oct 15- AstraZeneca has suspended investments in Britain due to the lack of clarity over the country's departure from the European Union, the pharmaceutical firm's non-executive chairman Leif Johansson told France's Le Monde newspaper. "If a transition deal does not make clear what will happen in the future, we will maintain our decision not to invest," Le...

  • RISK MODELER AIR WORLDWIDE ESTIMATES HURRICANE MICHAEL INSURED WIND AND STORM SURGE LOSSES WILL BE BETWEEN $6 BLN AND $10 BLN.

  • PARIS, Oct 15- The United States still aims to cut Iran's oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday. U.S. special envoy for Iran, Brian Hook, was talking to reporters after a visit to India, a major importer of Iranian oil, and...

  • Oct 15- Canada's main stock index rose at opening trade on Monday, driven by energy companies amid rising oil prices. The materials sector, which includes gold miners, also gained as prices of the metal recovered. *At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was up 38.69 points, or 0.25 percent, at 15,452.98.

  • ASTRAZENECA HAS SUSPENDED INVESTMENTS IN UK DUE TO LACK OF CLARITY OVER BREXIT, CHAIRMAN TELLS LE MONDE.

  • TORONTO, Oct 15- The Canadian dollar edged higher against its U.S. counterpart on Monday ahead of the release of a business survey by the Bank of Canada, as the price of oil was boosted by growing tensions between Western powers and Saudi Arabia. The Bank of Canada's autumn issue of the Business Outlook Survey is due for release at 10:30 a.m.. The data could help...

  • Oct 15- U.S. stocks dropped at open on Monday as rising tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs following the three indexes' biggest weekly declines in over seven months. The Dow Jones Industrial Average fell 7.53 points, or 0.03 percent, at the open to 25,332.46.

  • *China and Japan stocks tumble in tough start to week for Asia. LONDON, Oct 15- World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Japan's Nikkei and China's main bourses tumbled overnight as trade concerns...

  • NEW DELHI, Oct 15- India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down," as the company had not been able to reach an agreement on pricing with the Middle Eastern nation. "Qatar is still at a very preliminary stage. Petronet LNG, India's biggest liquefied natural gas importer, wanted to partner with...

  • LONDON, Oct 15- British shale gas company Cuadrilla has started fracking for natural gas in northwest England, seven years after the practice was halted in Britain for causing earth tremors. But the government, keen to cut Britain's reliance on imports as North Sea gas supplies dry up, has tightened regulations and has given Cuadrilla permission to frack two...

  • The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Chief Executive Officer Eddie Lampert in an attempt to turn around the company he acquired in 2005 for $11 billion. Lampert and his hedge fund ESL Investments Inc own just...

  • BANK OF AMERICA EXECUTIVES SPEAK TO ANALYSTS AFTER POSTING QUARTERLY RESULTS.

  • BANK OF AMERICA CEO REAFFIRMS EXPENSES IN 2019, 2020 WILL' BE IN LINE' WITH $53.5 BLN TRAILING 4 QUARTER COSTS.