CNBC Utilities Page Wires

  • JERUSALEM, March 22- Israeli Prime Minister Benjamin Netanyahu said on Friday he would sue two of his main political rivals for libel over remarks relating to a graft scandal involving a German submarine deal. In a video published on his Facebook page, Netanyahu said he had instructed his attorneys to take legal action against former armed forces chief Benny...

  • SAO PAULO, March 22- The arrest of a former Brazilian president on corruption charges is raising questions about how a Swedish consulting company won a contract to help build a nuclear power plant at the center of what prosecutors say was a massive bribery and kickback scheme. The company, now known as AF Poyry, on Thursday became the latest in a series of...

  • WASHINGTON, March 22- The U.S. Energy Department on Friday finalized up to $3.7 billion in loan guarantees to finance the construction of two reactors at the delayed Vogtle nuclear power plant in Georgia, tapping a program zeroed out in President Donald Trump's latest budget. Up to $1.67 billion will go to Georgia Power Co, a subsidiary of Southern Co; up to $1.6...

  • NEW DELHI, March 23- India's Reliance Industries, operator of the world's largest oil refining complex, on Friday said in a statement it was not breaching U.S. sanctions against Venezuela. The company said that its recent fuel exports to Venezuela were agreed before Washington imposed sanctions in January, and that they were meant to settle Reliance's crude oil...

  • March 22- Clete Willems, a top trade official in President Donald Trump's White House who has been a key figure in negotiations with China, is leaving in the coming weeks to spend more time with his family after the birth of a new baby, he said on Friday. "As my top international deputy, Clete has helped the president change the global conversation on trade and make...

  • March 22- The U.S. Food and Drug Administration declined to approve a drug developed by Sanofi SA and Lexicon Pharmaceuticals Inc intended for use with insulin in patients with type 1 diabetes, the companies said on Friday. The decision comes about two months after an FDA advisory panel failed to reach a consensus over whether the once-daily oral drug,...

  • JAKARTA/ CHICAGO, March 22- Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal had long been in doubt. In the United States, American Airlines pilots prepared to test Boeing Co's planned...

  • Spot gold climbed about 0.3 percent at $1,313.07 per ounce by 1:48 p.m. EDT, while U.S. gold futures settled 0.4 percent higher at $1,312.3. "There is some safe demand that has surfaced," said Jim Wyckoff, senior analyst at Kitco Metals. That was highlighted by the PMI data out of the European Union, auguring for some trepidation in the world's stock markets. "

  • NEW YORK/ LONDON, March 22- Arabica coffee futures on ICE rose on Friday, pressured by excess supplies and a weaker currency in Brazil, while raw sugar inched higher. *May arabica coffee settled down 0.9 cent, or 1 percent, at 93.90 cents per lb after setting a fresh contract low of 93.65 cents. *Prices have collapsed on excess supplies, especially from top grower Brazil...

  • CHICAGO, March 22- U.S. corn futures rose to a 3-1/ 2- week high on Friday as China booked its largest purchase of the grain in more than 5 years and as flooding in the western U.S. The U.S. Department of Agriculture announced corn sales totaling 300,000 tonnes to China on Friday following weeks of rumors that Beijing was poised to make a goodwill purchase of the grain...

  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing firm Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday, building on overtures to e-commerce company Amazon.com Inc.. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more...

  • WASHINGTON, March 22- The U.S. federal government posted a $234 billion budget deficit in February, according to data released on Friday by the Treasury Department. The Treasury said federal spending in February was $401 billion, up 8 percent from the same month in 2018, while receipts were $167 billion, up 7 percent compared to February 2018.

  • CHICAGO, March 22- Chinese importers booked their largest U.S. corn purchase in at least 5-1/ 2 years, the U.S. Department of Agriculture said on Friday, a rare sale of the grain in the middle of the U.S.- China trade war. The USDA, via its daily reporting system, said private exporters sold 300,000 tonnes of the grain for shipment in the 2018/ 19 marketing year, which ends...

  • *Japan manufacturing output falls the most in almost 3 years. LONDON/ TOKYO, March 22- Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in...

  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing giant Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more companies on board with the system aimed at promoting...

  • NEW YORK, March 22- As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. Concerns about economic weakness in the United States and abroad and the lack of a U.S.- China trade deal are hanging over the outlook, even as the Federal Reserve's dovish stance on interest...

  • LONDON, March 22- Copper prices fell on Friday as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar. Benchmark copper on the London Metal Exchange closed 1.7 percent lower at $6,312 a tonne, slipping from an eight-month high of $6,555.50 on Thursday. Briesemann said copper prices were supported by...

  • *FTSE 100 down 2 pct. March 22- London's FTSE 100 retreated from multi-month highs to endure its worst day so far this year as a surge in the pound weakened exporter stocks and poor manufacturing data from the euro zone and the United States pulled the index deeper into the red. The FTSE 100 shed almost 150 points as it sank 2 percent and the more domestically-exposed...

  • Pound up as Britain's May gets "last chance" for orderly Brexit. NEW YORK, March 22- The dollar slid against the safe-haven Japanese yen on Friday as dismal U.S. manufacturing data fueled worries about the wider economy, and bond yields signaled growing fears of a recession. This is what the Fed looks at closely, "said Sean Simko, head of global fixed income management...

  • LONDON, March 22- British government bond prices soared for a third day on Friday as global investors scaled back growth and interest rate bets, pushing 30- year gilt yields to their lowest since October 2016 and the yield curve to near its flattest in a decade. this week since just after Britain voted to leave the European Union in June 2016, and the spread between...