CNBC Utilities Page Wires

  • Cause of Action Institute, a watchdog aligned with the conservative political activists David and Charles Koch, asked the District of Columbia Federal Court on Wednesday to require the Commerce department to hand over a copy of the report, which could unleash tariffs of up to 25 percent on imported cars and parts. Last month, Commerce Secretary Wilbur Ross...

  • NEW YORK, March 21- U.S. mom-and-pop investors, the largest buyers of Treasuries last year, are likely to once again drive the flight to American government debt this year, as yields in the largest bond market are still higher than anywhere else, especially on the shortest maturities. The Congressional Budget Office projected the U.S. budget deficit will grow by a...

  • LONDON, March 21- The pound extended losses on Thursday and derivatives markets signalled more weakness as fears grow of a catastrophic "no-deal" Brexit should lawmakers hold firm in their rejection of Prime Minister Theresa May's divorce deal with the EU. May has asked European Union leaders to delay Brexit from March 29 until the end of June and said she was...

  • OTTAWA, March 21- A Canadian cabinet minister, who had quit in protest over the government's handling of a corruption scandal, said she and others had more to say about the matter, indicating more pain to come for embattled Prime Minister Justin Trudeau. Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on...

  • NEW YORK, March 21- U.S. Treasury yields fell further on Thursday morning, as the bond market continued the rally that began on Wednesday after the Federal Reserve issued a statement showing policymakers foresaw no further rate hikes for 2019 given the slowdown in the American economy. "The Fed has doubled down on its dovish tilt," said Matt Freund, head of...

  • LONDON, March 21- Iran's oil exports have dropped in March to their lowest daily level this year, according to tanker data and industry sources, even before Washington formally requires importing countries to reduce purchases to avoid infringing U.S. sanctions. In a new year speech on Thursday, Iran's Supreme Leader Ayatollah Ali Khamenei said the Islamic...

  • WASHINGTON, March 21- Boeing Co will mandate a previously optional cockpit warning light as part of a forthcoming software update to the 737 MAX fleet that was grounded in the wake of two fatal crashes, two officials briefed on the matter said Thursday. Boeing previously offered the AOA DISAGREE alert, which warns pilots when the "angle of attack" readings do not...

  • March 21- Shares in Levi Strauss& Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of $8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies. The self proclaimed inventor of the blue jeans, which has grown to become one of the world's most recognized denim...

  • *Fed sees no rate hikes in 2019, financials fall. *Apple boosts tech stocks; Micron leads gains in chipmakers. March 21- Technology shares pushed Wall Street's main indexes higher on Thursday, offseting losses in U.S. lenders after the Federal Reserve decided not to raise interest rates this year.

  • *If no change, Britain to leave EU at 2300 GMT on March 29. BRUSSELS, March 21- French President Emmanuel Macron warned Prime Minister Theresa May on Thursday that Britain would face a disorderly departure from the European Union if she fails to get parliamentary approval for her deal on the third attempt next week. Just eight days before Britain is due to leave the...

  • *Palladium hits all-time peak of $1,620.5/ oz. *Gold could break resistance at $1,321/ oz- technicals. Spot gold slipped 0.1 percent to $1,311.59 per ounce as of 10:41 a.m. EDT, having earlier hit $1,320.22, its highest since Feb. 28.

  • HOUSTON, March 21- Residents of two Houston- area cities were told to stay indoors and schools in six communities were closed on Thursday due to air pollution by a cancer-causing chemical after a petrochemical plant fire. The City of Deer Park, 20 miles east of Houston, issued a shelter-in-place advisory to its 34,000 residents after reports of high levels of...

  • BOEING TO MAKE OPTIONAL WARNING LIGHT STANDARD ON 737 MAX AIRCRAFT AND RETROFIT EXISTING PLANES SOURCES.

  • BOEING WILL MANDATE THE ANGLE OF ATTACK DISAGREE ALERT, WHICH NOTIFIES PILOTS WHEN SENSOR READINGS DO NOT MATCH SOURCES.

  • March 21- Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker's first external hire for the role in seven decades. Stone, 52, replaces Bob Shanks, who will retire at the end of 2019 after serving the company for 42 years. The group included Robert McNamara and Arjay Miller, both of whom later became Ford...

  • *TRUMP WANTS CHINA TO RAISE ITS OFFER TO BUY U.S.

  • LONDON, March 21- Mozambique, one of the world's poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. The two liquefied natural gas projects, by Anadarko and Exxon Mobil, will extract, liquefy and ship gas, found in such quantities offshore Mozambique that it amounts to a decade's worth of...

  • TRUMP WANTS CHINA TO RAISE ITS OFFER TO BUY U.S.

  • MOSCOW, March 21- Russia will issue up to $3 billion in new dollar Eurobonds and up to 750 million euros in an top-up issue of euro-denominated Eurobonds, a financial market source said on Thursday. Demand for the 2025 Eurobond exceeded 3 billion euros, while the total amount of bids for the 2035 Eurobond has topped $7 billion, the source said. Russia has set a final...