CNBC Utilities Page Wires

  • *Latest example of Japanese firm pulling out of Britain. The automaker, which builds more than a tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe. But the timing of the announcement about the Swindon plant, just 38 days before...

  • JOHANNESBURG, Feb 19- South Africa needs to invest more to rebuild confidence in its ability to supply power, its energy minister said on Tuesday, after its state-run power firm was forced to implement some of the worst blackouts in years. Problems at cash-strapped national power firm Eskom have shaken belief in South Africa's ability to power the continent's...

  • *Looks to sell interest in Cerro Vanguardia. JOHANNESBURG, Feb 19- South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns. The bullion miner, which last year said it planned to sell its interest in its Sadiola mine...

  • *Danske ordered out of Estonia within eight months. TALLINN/ LONDON, Feb 19- Estonia ordered Danske Bank to close its local branch within months on Tuesday, as Estonian and Danish regulators faced an EU inquiry into their efforts to prevent one of the largest-ever money laundering scandals. The Estonian regulator was "the only institution in Estonia or Denmark to...

  • PARIS, Feb 19- White sugar futures edged lower on Tuesday, consolidating below the previous session's 3-1/ 2 month high as New York- based raw sugar made a slow return after a U.S. holiday closure while crude oil was also subdued after a recent rally. *May white sugar was down $1.20, or 0.3 percent, at $356.60 a tonne at 1243 GMT, easing back from the previous day's peak of...

  • *OPEC supply cuts, Venezuela sanctions tighten market. LONDON, Feb 19- Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC- led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand. U.S. sanctions against OPEC members Iran and Venezuela have also tightened the market.

  • BAKU, Feb 19- BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli oilfields this year, a senior regional official at the British oil major said. "We expect flat oil production from ACG and a rise in gas production at Shah Deniz in 2019 as we will continue to ramp up production on Shah Deniz throughout...

  • WASHINGTON, Feb 19- Huawei Technologies Co Ltd's founder and chief executive pledged not to share any customer information with the Chinese government and said the company had never done so, in an interview with CBS News that aired on Tuesday. "It is not possible," he told CBS, saying if there were such an opening the United States would have uncovered it already.

  • Feb 19- U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China. The World Trade Organization said its quarterly outlook indicator of world merchandise trade slumped to its lowest reading in nine years, putting policymakers on guard for...

  • The company's shares rose 32 percent to $145.98 before the opening bell. The study was required to achieve one of the two main goals, as agreed with the U.S. Food and Drug Administration in order to meet the primary objective, the company said. Intercept said it intends to file for regulatory approval in the United States and Europe in the second half of 2019..

  • LONDON, Feb 19- The Swedish crown plummeted on Tuesday after weak inflation data prompted investors to sell the currency and scale back bets interest rates would rise this year, while poor Italian industrial orders knocked the euro lower. The crown rose last week after Sweden's central bank broke with growing caution among major monetary-policy makers,...

  • WASHINGTON, Feb 19- Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending its shares up nearly 4 percent in premarket trade. Sales at U.S. stores open at least a year rose 4.2 percent, excluding fuel, in the fourth quarter ended Jan....

  • OSLO, Feb 19- An unexplored 7,000 square kilometre swathe of the British North Sea, previously thought to contain empty chambers left by three extinct volcanoes, may hide oil and gas instead, the University of Aberdeen said on Tuesday. The study's findings raise the prospect of future discoveries in the area, which has been left untouched over 50 years of...

  • *CO2 reduction targets of 15 pct by 2025, 30 pct by 2030. BRUSSELS, Feb 19- The European Union agreed on Tuesday to reduce emissions of carbon dioxide from new trucks and buses by 30 percent by a 2030 deadline as part of its commitment to cut its output of greenhouse gases. The EU currently has no limits on emissions from heavy-duty vehicles, unlike the United States,...

  • LONDON, Feb 19- It is almost a year since the United States imposed duties on imports of aluminium and steel on national security grounds. China has been a major beneficiary of the exclusions process with approved import tonnages not far off actual volumes in 2017.. So runs the law of unintended consequences but it also highlights the limited effectiveness of...

  • LONDON, Feb 19- It is almost a year since the United States imposed duties on imports of aluminum and steel on national security grounds. China has been a major beneficiary of the exclusions process with approved import tonnages not far off actual volumes in 2017.. So runs the law of unintended consequences but it also highlights the limited effectiveness of...

  • Feb 19- A non-opioid painkiller developed by Pfizer Inc and Eli Lilly and Co succeeded in reducing chronic low back pain when used in a stronger dose, results from a late-stage study showed on Tuesday. But a lower dose of the drug, tanezumab, failed to alleviate pain when compared with a placebo, the companies said in a statement. U.S. health regulators have been...

  • HUAWEI'S ZHENGFEI SAYS IT IS NOT POSSIBLE THAT HUAWEI HAS BACK DOOR ACCESS TO ANY CUSTOMER INFORMATION- CBS NEWS INTERVIEW.

  • *Soybeans, corn flat as U.S.- China set to resume trade talks. HAMBURG, Feb 19- Chicago soybean and corn were little changed on Tuesday, with the market waiting for the outcome of the latest round of talks on the U.S./ China trade war which has cut U.S. soybean exports to China. Soybeans and corn remain strongly focused on the outcome of the U.S./ China trade talks this week,...

  • *Share price down 27 pct since stake disclosed. LONDON, Feb 19- Activist investor Edward Bramson's bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability. The high-profile dispute between Bramson and Barclays CEO Jes...