×

CNBC Utilities Page Wires

  • BERLIN, May 24- Weaker exports held back German economic growth in the first quarter, which was driven solely by construction, company investments in machinery and equipment and household spending, data showed on Thursday. "The economy has cooled down, but this doesn't mean that the upswing has reached an end," Stefan Kipar from BayernLB said, referring to the 0.6...

  • PARIS, May 24- French industrial morale held steady in May but weakened in the services sector, data published on Thursday showed, in a possible sign of slowdown in the economic recovery. Morale in the industrial sector stood at 109 points in May, unchanged from April and above a forecast of 108 points in a Reuters poll of economists, the data from the official...

  • TOKYO, May 24- Japan's Nikkei share average fell to more than two-week lows on Thursday as automakers slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to new U.S. tariffs. The Nikkei ended 1.1 percent lower at 22,437.01, the lowest closing since May 9. "Sentiment in the auto sector is bad...

  • *Risks further harming already strained U.S.- Africa relations. That seven-page letter set Africa in the cross-hairs of the new administration's' America First' trade ideology, pitting the world's largest economy against tiny Rwanda over an unlikely U.S. export: cast-off clothes. In March, the USTR warned Rwanda it would lose some benefits under the African...

  • MAEBASHI, Japan, May 24- Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilise the economy and suggested the central bank could whittle down its massive stimulus programme if growth continues to strengthen. Sakurai, a former academic who is seen as representing the BOJ's mainstream views, also said the central...

  • LONDON, May 23- The leader of the free world is trash-talking globalisation and advocating trade tariffs, another president says inflation is caused by high interest rates, and the incoming government of a G7 country wants 250 billion euros of national debt written off. From Donald Trump to Turkey's president Tayyip Erdogan to an incoming populist coalition...

  • LONDON, May 24- The publisher of Britain's Daily Mail said it was cautious about the outlook as it simplifies the group in the face of challenging markets, particularly weak advertising. Daily Mail received a boost earlier this month when it said it would receive a 642 million pound windfall from the sale of ZPG, the owner of online property portals Zoopla and...

  • BILLINGS, Mont.— Attorneys for the Trump administration were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups that want to derail the project. The 1,179- mile line proposed by TransCanada Corporation was rejected in 2015 by former President Barack Obama because of its potential to...

  • The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said total sales in the three months to April 30 fell 2.5 percent on a constant currency basis to 2.83 billion pounds. The blast of Siberian winter, dubbed the "Beast from the East," hit sales of weather-related categories and temporarily closed some UK stores.

  • SAN FRANCISCO— The California Supreme Court will decide whether Facebook and other social media companies must turn over user content to criminal defendants. The defendant, Lee Sullivan, and a co-defendant, Derrick Hunter, also sought information from Twitter. They could ask the witness for her social media content and get the victim's information from...

  • BENGALURU, May 24- Gold prices on Thursday held gains from the previous session, buoyed as the dollar extended losses after minutes of the latest U.S. Spot gold had edged up 0.1 percent to $1,293.93 per. percent at $1,293.30 per ounce.

  • AMSTERDAM, May 24- Adyen, a Dutch company that processes payments for Airbnb, Uber, Spotify and Netflix, plans to list on the Euronext stock market in June, it said on Thursday. Sources familiar with the matter told Reuters last month the company was eyeing a valuation of 6- 9 billion euros, which would make it the largest tech IPO by a European company since Spotify's...

  • TOKYO, May 24- Most Japanese government bonds were little changed on Thursday but some super-long bonds firmed slightly as Japanese share prices tumbled for the third consecutive day, boosting the allure of government bonds. While the market is supported by the Bank of Japan's massive bond buying program, few investors are eager to buy JGBs at current levels...

  • LOS ANGELES— Yeah man, Tommy Chong says he always knew he'd live to see the day marijuana legalization would be sweeping the country. He had no doubt when he and partner Cheech Marin pioneered stoner comedy 50 years ago, a time when taunting the establishment with constant reminders that they didn't just play hippie potheads in the movies— they really were those...

  • *Turks go to the polls on June 24. ISTANBUL, May 23- Running a market stall in Istanbul's working class Fatih district, Ozgur Kamis struggles to make a living as the cost of his stock rises day by day- and he reckons it will only get worse after elections in June. Five-dollar tracksuit bottoms that cost 23 lira yesterday cost him 24.5 lira today.

  • JOHANNESBURG, May 24- South African private hospital group Mediclinic reported a 3 percent rise in annual core profit on Thursday, boosted by a recovery in its Middle Eastern operations.

  • FRANKFURT, Germany— Germany's struggling Deutsche Bank says it's slashing thousands of jobs as it reshapes its stocks trading operation and refocuses its global investment banking business on its European base. Deutsche Bank has struggled with high costs and troubles with regulators. "The new strategy means stepping back from several decades of global...

  • *Japan urges free trade, China vows to defend interests. The governments of Japan, China and South Korea said they would monitor the situation, while Beijing, which is increasingly eyeing the United States as a potential market for its cars, added that it would defend its interests. "China opposes the abuse of national security clauses, which will seriously damage...

  • JOHANNESBURG, May 24- South African private hospital group Mediclinic reported a 4 percent rise in annual core profit on Thursday, boosted by a recovery in its Middle Eastern operations.

  • LONDON, May 24- British broadband company TalkTalk added 109,000 subscribers in its fourth quarter, its best ever quarterly net adds, although the customer push hit full-year earnings, which fell 35 percent to 233 million pounds.