CNBC Utilities Page Wires

  • STOCKHOLM, March 22- An external report around Swedbank's alleged link to money laundering was missing information, but the board had done enough to prevent it from not clearing the board of liability related to last year's actions, an investor told Reuters. "The status report itself is relatively difficult to access as a lot of information is missing, but in...

  • March 22- General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle. Trump called GM CEO Mary Barra on Sunday to raise the decision to end production at the Ohio plant, which is in a crucial state for the 2020 presidential election. Reuters reported on Thursday on...

  • NEW YORK, March 22- The spread between three-month Treasury bills and 10- year note yields inverted on Friday for the first time since 2007 after U.S. manufacturing data missed estimates. Earlier, Germany reported that domestic manufacturing contracted further in March, driving the benchmark 10- year U.S. government bond below zero and adding to fears of a...

  • 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 was down 1.2 percent at $6,342.50 a tonne at 1430 GMT, slipping from an eight-month high of $6,555.50 on Thursday. Briesemann said copper prices were...

  • 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 his post for family reasons, he said on Friday. Willems has been a constant presence during U.S. talks with China, which have encountered stumbling blocks over Washington's demands for a strong enforcement...

  • COMMERZBANK CEO SAYS WE HAVE CLEAR VISION OF HOW WE CAN DEVELOP OUR BUSINESS IN SENSIBLE WAY, THAT'S WHY WE ARE IN TALKS WITH DEUTSCHE BANK.

  • FRANKFURT, March 22- Commerzbank's chief executive promised employees on Friday a quick decision on whether to go forward on a merger with Deutsche Bank, according to a memo seen by Reuters.

  • COMMERZBANK CEO SAYS IN LETTER TO STAFF BANK IS WORKING HARD TO REACH SPEEDY RESULT IN DELIBERATIONS WITH DEUTSCHE BANK.

  • *Pound up as Britain's May gets "last chance" for orderly Brexit. NEW YORK, March 22- The U.S. dollar climbed against the euro on Friday to its highest in more than a week, boosted by a much weaker-than-expected German manufacturing survey, but the greenback slid against the Japanese yen on growing worries about the U.S. economy. The euro was 0.69 percent lower at...

  • *CMA must publish final report by April 30. LONDON, March 22- British supermarkets Sainsbury's and Asda said they were willing to sell 125-150 stores to get their proposed merger past the regulator- a number well short of what the Competition and Markets Authority has said it is looking for. The two groups also said the UK competition regulator's provisional view...

  • March 22- Wall Street's main indexes extended losses on Friday after the United States joined the euro zone in reporting weak manufacturing activity last month, fueling fears of a slowing global economy. "Today's economic numbers indicate the strong relationship that China has with Europe. China has been slowing down, especially in ordering industrial...

  • March 22- Canada's main stock index pulled back from six-month highs on Friday after the country's overall inflation missed the central bank's target for the second straight month, while energy stocks came under pressure from a drop in oil prices. *At 9:37 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 73.03 points, or 0.45 percent, at...

  • LONDON, March 22- The Federal Reserve's track record suggests policymakers are likely to cut interest rates during the third quarter of 2019, if signs of a slowdown are confirmed, although cuts could come faster if financial conditions deteriorate. The Federal Open Market Committee normally needs several opportunities to review incoming economic data...

  • *Tesla shares down 7/ 82 pct at $268.84 after Cowen& Co analysts cut PT by $20 to $180 saying they expect Model 3 demand in the U.S. to be soft until release of low-margin $35 K model in Q2. **CEO Elon Musk on Thursday in an email to employees said deliveries scheduled across Europe, China and North America should be a "primary priority" during the last 10 days of the first...

  • GM ANNOUNCES NEW INVESTMENT COMMITMENT OF $1.8 BLN IN ITS U.S.

  • WASHINGTON, March 22- U.S. wholesale inventories increased by the most in more than six years in January, the Commerce Department reported on Friday. Wholesale inventories jumped 1.2 percent, the largest gain since September 2012, the Commerce Department said. Wholesale inventories were up 1.1 percent in December, as previously reported.

  • *Canada's 10- year yield hits a 21- month low at 1.600 percent. TORONTO, March 22- The Canadian dollar weakened to an 11- day low against its U.S. counterpart on Friday as the greenback broadly climbed and data supported the view of a slowing domestic economy that rules out further Bank of Canada interest rate hikes in the near term. Separate data from Statistics...

  • WASHINGTON, March 22- U.S. home sales surged in February to their highest level in 11 months, a sign that a pause in interest hikes by the Federal Reserve was starting to boost the U.S. economy. The National Association of Realtors said on Friday existing home sales jumped 11.8 percent to a seasonally adjusted annual rate of 5.51 million units last month.

  • BRUSSELS, March 22- The council of European Union leaders on Friday appointed Philip Lane, the current governor of the Irish central bank, to the Executive Board of the European Central Bank, where he is due to serve as Chief Economist, the council said in a statement. Lane's eight-year term begins on June 1. The announcement, which was earlier ratified by the...

  • SPREAD BETWEEN 3- MONTH BILLS AND 10- YEAR NOTE YIELDS INVERT FOR THE FIRST TIME SINCE 2007 AFTER U.S.