CNBC Utilities Page Wires

  • *ASIC says proceedings likely over fee-gouging worth A $1 bln. SYDNEY, Aug 17- Some of the firms that manage funds within Australia's A $2.6 trillion pension system may not be complying with their legal duty to put the interests of customers ahead of their own, a powerful inquiry into financial misconduct heard. Over the past two weeks, the Royal Commission has...

  • MILAN, Aug 17- An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a bridge that collapsed this week in Genoa, two Italian newspapers reported on Friday. Atlantia had no immediate comment on the reports in La Stampa and Repubblica newspapers, which cited a...

  • *Trump say "we are cutting back on Turkey". *Finance minister says Turkey will emerge stronger. ISTANBUL, Aug 17- Turkey's battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over the detained American evangelical pastor Andrew Brunson.

  • *Levies on agricultural products hit Iowa farmers. DES MOINES, Iowa, Aug 17- Warren Bachman, a 72- year-old Iowa soybean farmer, is one of many who turned Clarke County into Donald Trump country, as the Republican president took 61 percent of the votes in 2016 in a county that went for Democrat Barack Obama four years earlier. I am afraid we are close to seeing a repeat of...

  • SAN FRANCISCO/ WEST PALM BEACH, Aug 17- For two months in detention after being separated from her 14- year old son by U.S. border officials, Catalina Sales worried about how he was doing and when she would see him again. Sales, who entered the United States illegally on May 30, made a difficult choice: She refused to sign a paper agreeing that if she were deported, her son...

  • DUBAI, Aug 17- Oman's crude oil and condensate production averaged 975,500 barrels per day in July, the oil ministry said on its website on Friday.

  • *S&P may upgrade Hungary late on Friday, but bonds are flat. The forint and the leu firmed 0.2 percent versus the euro by 0840 GMT, and the zloty gained 0.1 percent to a whisker off the 4.3 line- modest gains as traders fretted about the risk of further contagion from Turkey. It failed to benefit from comments from Czech National Bank Vice-Governor Mojmir Hampl, who...

  • DUBAI, Aug 17- Oman's crude oil and condensate production averaged 975,500 barrels per day in July, the oil ministry said in tweets on its official account on Friday.

  • BAGHDAD, Aug 17- Oman's crude oil and condensate production averaged 975,500 barrels per day in July, the oil ministry said in tweets on its official account on Friday.

  • LONDON, Aug 17- Turkey and its firms face repayments of nearly $3.8 billion on foreign currency bonds in October as the country struggles with a plunging lira that has lost more than a third of its value since the start of the year. Emerging market investors have been worried about Turkey's external debt burden and the ability of its firms and banks to repay after a...

  • TOKYO/ MOSCOW, Aug 17- Oil prices edged up on Friday but were heading for yet another weekly decline amid increasing concern over trade disputes and slowing global economic growth that could hit demand for petroleum products. Brent crude oil futures were up 30 cents at $71.73 a barrel by 0910 GMT. Traders said the main drags on prices were the darkening economic...

  • LONDON, Aug 17- Emerging equities were set for their worst week since February after sliding into bear territory while currencies came under fresh pressure on Friday, with Turkey's lira taking another tumble despite central bank measures earlier in the week. Investors rattled by events in China, Turkey and South Africa have pulled $1.3 billion from emerging...

  • *BOJ has already tapered bond buying from Y80 trln target. TOKYO, Aug 17- Japan's central bank appears to be growing more comfortable with larger declines in the country's stock prices, a sign it may have begun in the share market what analysts describe as "stealth tapering" of its massive monetary stimulus. The tweak is part of a wider shift to make its reflationist...

  • BAGHDAD, Aug 17- Oman's crude oil and condensate production averaged 975,500 barrels per day in July, the oil ministry said on its website on Friday.

  • LONDON, Aug 17- World stocks rose on Friday as news of plans for U.S.- China trade talks soothed nerves over their tariff war, while the recovery in Turkey's lira ran out of steam. The MSCI All-Country World index, which tracks shares in 47 countries, was up 0.2 percent but set for its third straight weekly fall. A Chinese delegation led by Vice Minister of Commerce...

  • *To list the unit in Copenhagen in 2019. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics. Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a...

  • *Day of mourning, funeral planned for Saturday. GENOA, Aug 17- Rescue workers searched through tons of concrete and steel from the collapsed Genoa highway bridge for a fourth day on Friday as Italians prepared to bury the 38 victims of a disaster that has angered the public and rattled industry. A state funeral for most of the victims is due to be held on Saturday...

  • *FTSE 100 up 0.1 pct. LONDON, Aug 17- Britain's top share index inched higher on Friday on the back of a continued recovery in mining stocks, though investor wariness over recent geopolitical events put the index on track for its biggest weekly loss in nearly five months. The FTSE is down 1.3 percent this week, its worst weekly performance since March this year.

  • Aug 17- The U.S. energy regulator has approved a request by Cheniere Energy to feed the first gas into its new liquefied natural gas facility in Corpus Christi, Texas, marking the beginning of a commissioning phase for the export terminal. Train 1 at the Corpus Christi facility will become the first LNG export terminal in Texas and the third functioning one in the...

  • PARIS— Air France-KLM has named Benjamin Smith, formerly a top executive at Air Canada, as its new CEO and unions said Friday they were concerned he would cut back on wages and work conditions. The company has announced Thursday that Smith, who is 46 and was previously Air Canada's chief operating officer, will fill the role by Sept. 30. Vincent Salles, union official...