CNBC Utilities Page Wires

  • OSLO, Oct 24- Norwegian oil services firm Aker Solutions expects revenues next year to be higher than this year's, but with 2019 earnings margins around the same level as 2018' s, and reported third-quarter profits that beat forecasts on Thursday. The firm's earnings before interest, tax, depreciation and amortization and excluding non-recurring items rose to...

  • TOKYO, Oct 24- Japanese government bond prices rose on Wednesday after the Bank of Japan did not make any specific references to possible tweaks in its bond buying operation at a meeting with market players the previous day. Market players had been wary of the chances that the central bank could indicate a plan to change its market operation style to help make the...

  • OSLO, Oct 24- Norwegian telecoms firm Telenor raised its 2018 outlook for earnings growth this year as it reported third-quarter profits that beat forecasts on Wednesday. The firm's quarterly result before interest, tax, depreciation, amortization and other items, or adjusted EBITDA, rose to 12.4 billion Norwegian crowns from 11.8 billion a year ago.

  • FRANKFURT, Oct 24- Deutsche Bank posted a 65 percent decline in net profit in the third quarter as it restructures under new leadership but said it was on track to swing to a full-year profit. Net profit of 229 million euros at Germany's flagship lender was down from 649 million euros a year ago but still beat the 149 million euros expected in a Reuters poll of...

  • *Chen was former chairman of Chery Jaguar Land Rover in China. BEIJING/ SHANGHAI, Oct 24- Ford Motor Co has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world's biggest car market. Anning Chen, 57, a former Ford engineer and chairman of Chery...

  • *China's Kunlun bank to stop Iran payments. *U.S. sanctions against Iran to start Nov. 4. SINGAPORE, Oct 24- Oil prices on Wednesday clawed back some of their hefty losses from the day before as the looming U.S. sanctions against Iran came back into focus.

  • SAN FRANCISCO, Oct 24- Its one of the biggest bets going in the world of cars. Since May, General Motors Co and its Cruise self-driving car unit have landed $5 billion in investment commitments from Japans SoftBank Group Corp and Honda Motor Co Ltd to develop a robot taxi service that could safely navigate the city streets of San Francisco by the end of next year-...

  • *Rausing siblings behind Winder Investment. CHICAGO/ LONDON/ ZURICH Oct 24- A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors& Fragrances Inc over two years, becoming the company's top shareholder, Reuters has learned. Kirsten, Finn and Jorn Rausing- who...

  • MAZATLAN, Mexico, Oct 24- Hurricane Willa's fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said. Willa, a Category 3 storm on the five-step Saffir-Simpson scale, hit late on Tuesday near the town of Isla del Bosque in the northwestern...

  • MEXICO CITY, Oct 23- Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. Insurer Axa said in a separate statement it suffered a cyber attack on Monday that prompted the central bank alert, but that its clients'...

  • *Canadian dollar strengthens before Bank of Canada meet. SINGAPORE, Oct 24- The yen relinquished Wednesday's early gains and weakened as risk appetites returned with Asian equity indices rising, despite trade tensions and weak U.S. corporate earnings. The sterling traded marginally higher versus the dollar ahead of British Prime Minister Theresa May's key...

  • MUMBAI, Oct 24- Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, said on Wednesday it raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings Ltd.. It also said it was looking to go public on an international stock exchange. The fundraising, through a primary equity issuance, now values the...

  • *Spot gold may retest resistance at $1,238/ oz- technicals. Spot gold was up 0.1 percent at $1,231.81 an ounce at 0420 GMT. Palladium was down 0.1 percent at $1,139.50 per ounce after hitting an all-time high of $1,150.50 in the previous session.

  • SYDNEY, Oct 24- Australia's life insurers will be required to publish customer dispute numbers every six months, top financial regulators said on Wednesday, as a misconduct inquiry threatens other reforms that could hurt industry profitability. For the first time, customers will be able to see comparable dispute and claims data of each insurer, helping to make...

  • Oct 24- Chicago soybean futures slid for a second session and corn lost ground on Wednesday, with prices for both crops weighed down as harvesting gathers pace in the United States. Wheat prices also fell, giving up last session's gains on forecasts of higher production in the Black Sea region. The most-active soybean contract on the Chicago Board of Trade had...

  • SINGAPORE, Oct 24- Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions starting next month on Iran's petroleum exports. Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh on Tuesday that despite expected...

  • NEW YORK, Oct 23- The Mega Millions drawing was held on Tuesday night with a record-setting $1.6 billion prize on line that has Americans dreaming of buying homes, cars, helping financially strapped friends and family and early retirement. Anyone who hits all six numbers to win the jackpot can choose an immediate cash payment of $904 million or receive the $1.6...

  • *Franc fails to rise vs euro despite Italy concerns. LONDON, Oct 23- Shaky global stocks and a recent spike in U.S. equity volatility have sounded a warning for investors eager to find assets offering shelter in case world markets go belly-up. The Swiss franc has gained two percent against the euro in 2018 but fallen since early September, despite an Italy-European...

  • *Crude sags after Saudi Arabia says it can increase supply. TOKYO, Oct 24- Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. Global stocks have suffered this week on...

  • MAZATLAN, Mexico, Oct 23- Hurricane Willa slammed into Mexico's Pacific coastline on Tuesday evening packing winds of 120 mph, buffeting buildings and dumping torrential rain on tourist resorts where thousands of people had moved to safety. Whipping palm trees, bending power lines and sparking floods, the center of Willa struck the coast near the town of Isla...