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CNBC Utilities Page Wires

  • *Audi plans to offer 10 new SUVs in China by 2022. BEIJING, April 25- German luxury carmaker Audi AG aims to double China production with local partner China FAW Group Corp Ltd within five years, its chief executive said on Wednesday, as global automakers look to localise in the world's largest vehicle market. Speaking at the Beijing auto show, Audi head Rupert...

  • *Q1 underlying EBIT NOK 3.15 bln vs poll NOK 3.06 bln. OSLO, April 25- Norwegian aluminium-maker Norsk Hydro will miss its 2018 cost-cutting target as its troubled Brazilian operation continues to work at reduced capacity following a spill in February from a major plant, it said on Wednesday. A regulatory order to cut output from Hydro's Alunorte, the world's...

  • *China's Li took $9 bln stake in Daimler in Feb. BEIJING, April 25 (Reuters)- German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year. The Chinese business leader had used Hong Kong shell...

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at $73.89 per barrel at 0455 GMT, up 3 cents from their last close but around $1.60 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were...

  • BEIJING, April 25- London aluminium dropped as much as 1.4 percent on Wednesday, retreating for a fifth straight session, as the softening of the U.S. sanctions on Russian producer United Company Rusal continued to weigh on prices. The metal has now slipped by around 13 percent from a high of $2,534.50 on April 23, the day the United States gave American customers of...

  • BEIJING, April 25- London aluminum dropped as much as 1.4 percent on Wednesday, retreating for a fifth straight session, as the softening of the U.S. sanctions on Russian producer United Company Rusal continued to weigh on prices. The metal has now slipped by around 13 percent from a high of $2,534.50 on April 23, the day the United States gave American customers of...

  • Two days later she picked up her first-ever online purchase at a mall in Sao Paulo. Reuters has reported that Amazon is eyeing a major warehouse outside Sao Paulo, negotiating a nationwide air cargo deal and lining up local suppliers of everything from personal electronics to perfume and home appliances. But the American giant may struggle to dominate retail...

  • SINGAPORE, April 25- Singapore on Wednesday announced a $1.1 billion plan to expand and modernize its port, the world's second-biggest, but which is in fierce competition with several Chinese harbors including Shanghai, Shenzhen and Guangzhou. The Maritime and Port Authority of Singapore said it has awarded a project worth S $1.46 billion for the second phase...

  • SHANGHAI, April 25- China's yuan defied regional currency weakness and inched up against the U.S. dollar on Wednesday, buoyed by a stronger official fixing. Prior to the market opening on Wednesday, the People's Bank of China set the midpoint rate at 6.3066 per dollar prior to market open, 163 pips or 0.26 percent firmer than the previous fix of 6.3229.

  • TOKYO— Asian shares dipped Wednesday, mirroring a sell-off on Wall Street on worries over slowing growth and falling profits. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.3 percent to 22,206.51 and Hong Kong's Hang Seng lost 0.8 percent to 30,378.89. South Korea's Kospi lost 0.9 percent to 2,442.06.

  • The Maritime and Port Authority of Singapore said it has awarded a project worth S $1.46 billion for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea's Hyundai Engineering and Construction.

  • *U.S. threatening 25 pct import tax on China vehicles. BEIJING, April 25- Guangzhou Automobile Group Co Ltd on Wednesday said a brewing trade war between China and the United States could hurt the Chinese automaker's plans to break into the U.S. market if tariff barriers were raised. Feng Xingya, GAC Group president, told reporters at the Beijing auto show that...

  • *Shanghai-> HK daily quota used 5.2 pct. SHANGHAI, April 25- Hong Kong stocks slid on Wednesday morning, tracking losses on Wall Street where high bond yields triggered risk aversion. **Sectors fell across the board in Hong Kong, led by IT and material firms.

  • BEIJING, April 25- German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year. Dieter Zetsche, Daimler's chief executive, said Li, the head of Chinese carmaker Geely, had told the firm he had no...

  • *STAKES IN UBER, DIDI, BRAZIL'S 99, INDIA'S OLA, SINGAPORE'S GRAB ARE CURRENTLY HELD BY SOFTBANK, BUT COULD BE SWAPPED INTO VISION FUND WITHIN MONTHS- FT Source text: 1/ 8 https://on.ft.com/2r1M7G7 3/ 8 Further company coverage:.

  • BENGALURU, April 25- Gold prices fell on Wednesday as the dollar advanced towards more than three-month highs and on easing concerns over North Korea and a Sino-U.S. trade war, but found some support from sliding stock markets. Spot gold was down 0.1 percent at $1,329.04 per ounce. "As traders put geopolitical and trade risk in the rear-view mirror for the time...

  • April 25- India's Bharti Airtel Ltd approved the merger of Indus Towers Ltd with its mobile masts operator unit Bharti Infratel Ltd, creating the largest tower company outside China by number of towers, the carrier said on Wednesday. Vodafone Group Plc, Idea Group and Providence Equity Partners have agreed to merge their holdings in Indus Towers into Bharti...

  • EPA special agent Pasquale "Nino" Perrotta performed regular work for National Enquirer publisher American Media Inc. during the 2016 election, according to person with knowledge of the company's internal workings. In addition to his job at EPA, Perrotta is the top executive at Sequoia Security Group, a Maryland- based security firm. A former Secret Service...

  • TOKYO, April 25- Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan's industrial sector last year. Earlier, the Nikkei newspaper reported The Tokyo District Public Prosecutors Office's special investigative unit has already subpoenaed...

  • TOKYO, April 25- Japanese government bond yields were little changed on Wednesday, firmly capped as the Bank of Japan's debt-purchasing operations offset upward pressure from the ongoing spike in U.S. The two-year JGB yield was flat at minus 0.140 percent. The BOJ on Wednesday offered to buy 1.34 trillion yen of five- to 40- year JGBs as a part of its regular...