×

CNBC Utilities Page Wires

  • WASHINGTON— The tax overhaul that took effect Jan. 1 provides generous breaks for corporations and wealthy Americans and more modest relief for middle- and low-income households. In addition, the tax cuts for corporations are permanent; those for individuals and families are only temporary. Richard Phillips is a senior policy analyst at the nonpartisan,...

  • JERUSALEM, April 22- Israel's banking regulator plans to relax rules for credit card companies as part of a broader reform aimed at boosting competition in the banking sector and lowering the cost of credit. In a draft of amendments to its directives, the Bank of Israel said on Sunday new credit card companies will be allowed a lower liquidity requirement-- a Tier I...

  • NEW DELHI, April 22- India's economy could grow at 7.4 percent in the fiscal year to March 2019 after a "resilient performance" in the second half of the previous year, central bank Governor Urjit Patel said. India's economy likely grew at 6.6 percent in the 2017/ 18 fiscal year against 7.1 percent a year earlier, but higher investments led to a significant pick in the...

  • *Modi to meet Xi on Friday, Saturday in China's Wuhan. BEIJING, April 22- Indian Prime Minister Narendra Modi will visit China later this week for an informal meeting with President Xi Jinping, as efforts at rapprochement gather pace following a testing year in ties between the two giant neighbours. "We will make sure that the informal summit will be a complete...

  • *Doha Bank beats earning estimates. DUBAI, April 22- Middle Eastern stock markets mostly fell on Sunday, with Saudi Arabian petrochemical shares hit particularly hard, in response to a drop by global bourses at the end of last week. The Saudi index slipped 0.3 percent as Saudi Basic Industries, the biggest petrochemical firm, slid 0.6 percent and Sahara...

  • BEIJING, April 22- Indian Prime Minister Narendra Modi will visit China later this week for an informal meeting with President Xi Jinping, as efforts at rapprochement gather pace following a testing year in ties between the two giant neighbours. "This year, under the guidance of our leaders, the China- India relationship has realised good development and shown a...

  • DUBAI, April 22- Bahrain's Gulf Air is counting on Middle East routes to help drive passenger growth and turn around the loss-making airline, its deputy chief executive said on Sunday. Middle East air traffic is dominated by Qatar Airways, Abu Dhabi's Etihad Airways, and Dubai's Emirates who focus on linking east and west traffic flows through their Gulf hubs.

  • MOSCOW— Russia's communications watchdog agency says it is adding some Google IP addresses to the state register of banned sites, as a dispute over a banned messaging app intensifies. Russia has ordered the popular Telegram messaging app to shut down because it won't share its encryption key with intelligence agencies. Communications watchdog...

  • The ban on state-owned ZTE was imposed last Monday in a case involving exports of telecoms equipment to Iran and North Korea. U.S. companies are barred from selling technology to ZTE for seven years. ZTE pleaded guilty in March 2017 and agreed to pay a $1.19 billion penalty for having shipped equipment to Iran and North Korea in violation of U.S. regulations.

  • "This year, under the guidance of our leaders, the China- India relationship has realised good development and shown a positive momentum," Wang said. China's ambitious Belt and Road initiative of transport and energy links bypasses India, apart from a corner of the disputed Kashmir region, also claimed by Pakistan, but involves India's neighbours Sri Lanka, Nepal...

  • BEIJING, April 22- Chinese President Xi Jinping will meet Indian Prime Minister Narendra Modi on April 27-28 in central China's Wuhan, Xinhua news agency reported Sunday. Modi will visit China again in June for a summit of the China and Russia- led security grouping, the Shanghai Cooperation Organisation. China's ambitious Belt and Road initiative of transport...

  • BEIJING, April 22- China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. ZTE "has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance," the mobile phone and telecoms company said in a statement to the Hong Kong...

  • BEIJING, April 22- Chinese President Xi Jinping will hold an informal meeting with Indian Prime Minister Narendra Modi on April 27-28 in central China's Wuhan, Xinhua news agency reported Sunday.

  • LONDON— Britain's health secretary says the government will introduce new laws targeting online social media companies if they don't do more to protect children. In a strongly-worded letter to Facebook, Google, Snapchat, Twitter and others, Jeremy Hunt said their failure to prevent young children using social media and exposing children to its "harmful...

  • LONDON, April 22- Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors like employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday. "I'm quite attracted by the wider mandate that there is in America but we would retain Bank of...

  • SEOUL, April 22- Korean Air Lines Co Ltd Chairman Cho Yang- ho apologised on Sunday for the behaviour of his two daughters and said they would immediately step down from their positions at the company. Her older sister, Heather Cho, made global headlines in 2014 when she ordered a Korean Air plane to return to its gate at a New York airport because she was angry over the...

  • SEOUL, April 22- Korean Air Lines Co Ltd Chairman Cho Yang- ho apologized on Sunday for the behavior of his two daughters and said they would immediately step down from their positions at the company. Her older sister, Heather Cho, made global headlines in 2014 when she ordered a Korean Air plane to return to its gate at a New York airport because she was angry over the...

  • UK OPPOSITION LABOUR PARTY FINANCE CHIEF JOHN MCDONNELL SAYS VERY LIKELY A LABOUR GOVERNMENT WOULD BROADEN BANK OF ENGLAND MANDATE.

  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • Even so, economists predict the Commerce Department will report Tuesday that sales of new homes rose in March. During his two-day testimony before Congress earlier this month, CEO Mark Zuckerberg said regulation of the social network is "inevitable." The Commerce Department delivers its latest quarterly estimate of U.S. economic growth Friday.