×

CNBC Utilities Page Wires

  • WASHINGTON, May 24- The United States has not made a final decision on changes to its ban on ZTE Corp, but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross said on Thursday. The U.S. Department of Commerce is re-evaluating sanctions on the company at the request of President...

  • May 24- The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said- t o- b e- f o c u s- o f- u- s- c r i m i n a l- p r o b e on Thursday. The investigation concerns illegal...

  • HONG KONG/ MOSCOW, May 24- Russia's largest aluminium producer, United Company Rusal Plc, said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctions on it. The U.S. Treasury Department said last month it would consider lifting the sanctions on Rusal if its major...

  • PARIS, May 24- BNP Paribas chief executive Jean-Laurent Bonnafe effectively ruled out a tie-up with struggling German rival Deutsche Bank on Thursday, saying the French lender is not considering any large takeovers or mergers. Responding to a question from a BNP Paribas shareholder at its annual general meeting in Paris, Bonnafe said that the bank was always...

  • LAUREL, Miss. _ Sanderson Farms Inc. on Thursday reported fiscal second-quarter profit of $41.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share. Sanderson Farms shares have decreased 23 percent since the beginning of the year.

  • NEW YORK, May 24- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy's sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts'...

  • ASKED ABOUT POSSIBLE DEUTSCHE BANK TIE-UP, BNP PARIBAS CEO SAYS HAS NO PLANS FOR LARGE DEALS IN THE FORESEEABLE FUTURE.

  • *Minutes see potential for softer demand. FRANKFURT/ BRUSSELS, May 24- The euro zone economy continues to motor ahead but a more pronounced slowdown is possible and political uncertainty in places like Italy could undermine confidence, European Central Bank policymakers said on Thursday. ECB stimulus has fuelled a five-year recovery and central bankers have...

  • *Posted annual loss of $189 mln vs $535 mln profit year earlier. HONG KONG, May 24- China's Lenovo Group said its annual revenue climbed to a three-year high, led by a double-digit sales growth in the fourth quarter, as business at its core personal computer and smart devices segment improved. The PC business will continue to see premium products such as gaming PC and...

  • ALGIERS, May 24- Algeria plans to impose customs duties of 60 percent to 200 percent on finished goods, according to an official document seen by Reuters on Thursday, part of efforts to offset a fall in energy exports.

  • WASHINGTON, May 24- The United States has not made a final decision on changes to its ban on ZTE Corp, but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross told CNBC.

  • May 24- Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street's main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected. The Trump administration launched a national security probe into car and truck imports that could lead to new tariffs,...

  • FRANKFURT, May 24- Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients. Germany's biggest bank said global headcount would fall to well below 90,000 from 97,000, with a 25 percent cut in equities sales and trading...

  • ZUG, Switzerland _ Luxoft Holding Inc. on Thursday reported fiscal fourth-quarter profit of $11.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 59 cents per share. Four analysts surveyed by Zacks expected $228.1 million.

  • PARIS, May 24- French carmaker PSA Group launched its Citroen C3 model in Iran last week despite Washington's withdrawal from the nuclear agreement with Tehran, brand chief Linda Jackson said on Thursday. PSA, the maker of Peugeot and Citroen cars, sold 2,000 C3 subcompacts in one hour on launch day, Jackson said, adding that the group's strategy in Iran had not...

  • ALGERIA PLANS CUSTOMS DUTIES BETWEEN 60 PCT TO 200 PCT ON FINISHED GOODS, DETAILS UNCLEAR-OFFICIAL DOCUMENT.

  • *Soy up for 5th day amid signs China resuming U.S. imports. PARIS/ SINGAPORE, May 24- Chicago soybeans rose for a fifth consecutive session on Thursday to a near three-week high amid signs that top importer China was set to resume purchases of U.S. supplies in an easing of trade tensions between Washington and Beijing. The Chicago Board Of Trade most-active soybean...

  • NORWEGIAN AIR CEO SAYS SUMMER BOOKINGS HAVE BEEN STRONG.

  • NORWEGIAN AIR CEO: "I CAN CONFIRM THAT RYANAIR HAS SHOWN INTEREST IN NORWEGIAN AIR, AND THAT I BROUGHT IT UP WITH THE BOARD".

  • NORWEGIAN AIR CEO SAYS HAS ENOUGH PILOTS AND PLANES FOR SUMMER SEASON, DOESN'T FEAR REPEAT OF LAST SUMMER'S CANCELLATIONS.