CNBC Utilities Page Wires

  • *France/ German 10- year yield spread widest since May 2017. *Macron concessions to cost 8- 10 bln euros- minister. LONDON, Dec 11- France's 10- year borrowing costs climbed to their highest level compared with Germany in a year and a half on Tuesday, as French President Emmanuel Macron announced spending measures in a bid to restore calm after weeks of violent...

  • TO 15 PCT FROM CURRENT 40 PCT HAS BEEN SUBMITTED TO CHINAS CABINET- BLOOMBERG, CITING SOURCES.

  • The EPA is expected to relax protection standards in the Waters of the United States rule that went into effect during the administration of former President Barack Obama. Trump's EPA is expected to propose relaxing the definitions of what waters should be protected. Mark Ryan, a lawyer at Ryan& Kuehler PLLC who spent 24 years as a clean water expert and...

  • CHINA IS MOVING TOWARD CUTTING ITS TRADE-WAR TARIFFS ON IMPORTED U.S.-MADE CARS- BLOOMBERG.

  • MUMBAI/ NEW DELHI, Dec 11- Reserve Bank of India Governor Urjit Patel's shock resignation following a policy tussle with the government sent tremors through financial markets on Tuesday, and investors are keen to see the government quickly name a credible replacement. Both foreign and domestic investors say any openly political appointee with little...

  • *Specs trim net short positions in gold in week to Dec. 4. Spot gold was up 0.2 percent at $1,247.38 per ounce, as of 1100 GMT. "Fed funds futures pricing has been reducing the market expectations for hikes over the next 18 months and that has been coming through in a slightly softer dollar and a stronger gold price," said Marcus Garvey, analyst at ICBC Standard bank.

  • *Still no signs China is again buying U.S. soybeans. Intense market interest remained on whether or when China will resume soybean purchases in the United States. U.S. soybean exports to China collapsed after China slapped tariffs on U.S. supplies as the trade war between the two countries heated up.

  • Hurting the dollar and boosting equities and metals were discussions between representatives of China and the United States over the road map for the next stage of their trade talks on Tuesday. All five key London base metals are on track to post a yearly drop in 2018, with copper and zinc both down more than 20 percent year-to-date on concerns the U.S.- China...

  • *European stocks climb on hopes of U.S.- China detente. Contact between China and the United States boosted European stocks and U.S futures while sterling floundered near 20- month lows as the market sought clarity on the next steps for Brexit after Britain's prime minister postponed a vote on her deal. The sign China is moving ahead on talks with the United...

  • LONDON, Dec 11- The British pound crawled off 20- month lows on Tuesday as Prime Minister Theresa May sought support from European leaders to change her Brexit deal, with investors weighing chances of a chaotic British exit from the European Union. May met Dutch Prime Minister Mark Rutte and will meet German Chancellor Angela Merkel in a last ditch bid to save her...

  • The 380- cst fuel oil cash premium jumped to $4.90 a tonne to Singapore quotes, up from $4.66 a tonne on Monday and up from a near three-month low of $4.25 a tonne on Friday. By contrast, trade activity in the paper market was muted, with time spreads and 380- cst barge crack values near their previous close, broker sources said. WINDOW TRADES- Eight cargo trades were...

  • *Yang Woong- chul, Kwon Moon- sik offer to leave- sources. SEOUL, Dec 11- Hyundai Motor Group's two vice chairmen in charge of research and development have offered to resign, three people familiar with the matter told Reuters on Tuesday. The group's vice chairmen, Yang Woong- chul and Kwon Moon- sik, both aged 64, told senior officials at its R&D center on Tuesday that they...

  • BEIJING, Dec 11- China's banks extended more new loans than expected in November after a sharp drop the previous month, in a sign that recent government pressure on lenders to help struggling smaller firms may be starting to bear fruit. But several other key credit gauges remained stuck at record lows or fell to new lows, suggesting China's policymakers will need...

  • *Libya's National Oil Company declares force majeure. *Kuwait, Iran cut price for January oil supplies to Asia. LONDON, Dec 11- Oil edged higher on Tuesday, clawing back some of the previous day's hefty losses as a modest show of strength in global stocks, a slightly weaker dollar and an unplanned supply outage in OPEC member Libya lent support.

  • *Romania's two-year bond yield is lowest since May. BUDAPEST, Dec 11- Central European currencies mostly weakened and government bonds gained after Hungary and Romania reported lower-than-projected inflation, raising the prospect of less monetary policy tightening in the region. Turmoil over Britain's European Union exit and caution ahead of the...

  • KATOWICE, Poland, Dec 11- Average world temperatures are on track to far exceed the central goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday. Even a rise of 3 C could cause loss of tropical coral reefs, Alpine glaciers, Arctic summer sea ice and perhaps an irreversible melt of Greenland's ice that would drive up world sea...

  • FRANKFURT, Dec 11- Daimler will buy battery cells worth more than 20 billion euros by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company already has battery cell supply deals with Korea's SK Innovation, LG Chem and China's Contemporary Amperex Technology, as it plans to launch 130...

  • *FTSE 100 up 0.4 pct; midcap index flat. *Banks biggest drag to FTSE, miners rise. The FTSE 100 top share index rose 0.4 percent by 0936 GMT with gains in mining stocks and big exporters helping it outperform the domestically tilted FTSE 250 index, which steadied just above two-year lows.

  • Dec 11- Emerging stock markets rose on Tuesday, led by a boost for China from signs of more trade dialogue with the United States, while Indian markets steadied after a dive sparked by the abrupt departure of central bank Governor Urjit Patel. Shanghai's main indices and Hong Kong shares all ended higher after Beijing's Commerce Ministry said Vice Premier Liu He...

  • LONDON, Dec 11- European shares traded higher in the morning on Tuesday as a whiff of optimism over the Sino-U.S. trade dispute lifted sentiment after a burst of political risk and worries about global growth hit world markets in the previous session. The Euro zone STOXXE index was up 0.7 percent at 0920 GMT with Germany's DAX, the most sensitive to China due to its...