CNBC Utilities Page Wires

  • Jan 18- U.S. stocks opened higher on Friday and were set for their fourth week of gains on hopes that a bitter trade war between the United States and China would be resolved and after upbeat monthly manufacturing data. The Dow Jones Industrial Average rose 164.09 points, or 0.67 percent, at the open to 24,534.19. The S&P 500 opened higher by 15.31 points, or 0.58...

  • Another week closer to the date Britain leaves the European Union. Given how crushingly Prime Minister Theresa May's Brexit divorce deal was defeated by lawmakers, there is little chance her Plan B-- to be presented in coming days-- will get away with just minor amendments. If May fails to forge consensus within her party and with opposition leader Jeremy Corbyn...

  • Jan 18- Brazil's benchmark stock index reached an all-time high on Friday on positive investor sentiment about the new government's pension reform plans and U.S.- China trade talks, while Latin American currencies steadied against the U.S. dollar. A government source said on Thursday that Economy Minister Paulo Guedes is expected to detail the reform...

  • SOMERSET, N.J., Jan 18- The U.S. "The approach we need is one of prudence, patience, and good judgment- the motto of' data dependence' is more relevant than ever," he said in remarks prepared for delivery to the New Jersey Bankers Association. In separate appearances in recent days, policymakers from across the spectrum of views agreed the central bank should pause further...

  • *Leu retests record low at 4.7 vs euro set in June 2018. BUDAPEST/ WARSAW, Jan 18- The Hungarian forint hit a seven-month high against the euro on Friday and gained against the Polish zloty after data pointed to slower growth in Poland. The forint has rallied since Wednesday when Hungarian central bank Deputy Governor Marton Nagy said monetary tightening could...

  • Jan 18- Wall Street's main indexes were set to open higher on Friday, eyeing their fourth week of gains, on hopes that a bitter trade war between the United States and China would be resolved. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports. The benchmark S&P 500, which closed above its 50- day moving...

  • TREASURY YIELDS PARE RISE, 30- YEAR YIELD TURNS FLAT AT 3.076 PCT.

  • Britain's biggest sportswear retailer forecast annual profit at the higher end of expectations on Monday as the company refused to cut prices in a tough retail environment. Britain's biggest retailer beat forecasts with a 2.2 percent rise in like-for-like sales in Britain over Christmas, saying it outperformed the market in food, clothing and general...

  • *Russia's c.bank bought 8.8 mln oz of gold in 2018. MOSCOW, Jan 18- Russia has overtaken China to become the world's fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday. In 2018, Russia's buying jumped further as holdings of U.S.

  • MUMBAI, Jan 18- Shares in India's Reliance Industries rose on Friday, following record quarterly numbers that showed the conglomerate's strategy to diversify beyond refining and petrochemicals was bearing fruit. The "consumer business now contributes more than 25 percent of our EBITDA," said V. Srikanth, joint chief financial officer of Reliance Industries,...

  • Jan 18- Tiffany& Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Like other firms which sell luxury products, Tiffany relies on demand from China's burgeoning middle class as consumer demand for its rings,...

  • Jan 18- Walmart Inc, the world's largest retailer, will remain part of CVS Health Corp's network for commercial and Medicaid pharmacy customers, the companies said on Friday, breaking a contract impasse disclosed earlier this week. On Tuesday, CVS said the companies had failed to agree on pricing and that Walmart was leaving the pharmacy network for...

  • Jan 18- Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid on expenses, also said it expects fourth-quarter profit to be lower than...

  • Jan 18- Schlumberger NV on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October. Revenue from Schlumberger's North America business rose 0.3 percent year over year to $2.82 billion, while international revenue rose...

  • She said the self-monitoring is widely used in developed countries like the United States and Europe. "Why can't Brazil do self-monitoring in Brazil when Europe and the United States use it?" The probe, which kicked off in March 2017 and expanded a year later, has examined the relationship between food processors, Agriculture Ministry officials and...

  • MOSCOW, Jan 18- Rosneft's Angarsk oil refinery said on Friday afternoon that a fire that broke out at the refinery earlier in the day had been put out. A spokesman for the refinery, which is situated near Lake Baikal in southern Siberia, did not provide further details. Sources had told Reuters earlier on Friday that the fire had broken out at a primary oil processing...

  • Jan 18- AT&T Inc said Friday it will again buy advertising on Alphabet Inc's YouTube, nearly two years after the U.S. wireless carrier left the video platform when it discovered its ads may have appeared next to inappropriate content. AT&T is one of the largest U.S. brand marketers by total ad spend, according to research firm eMarketer, and its return caps off a...

  • *Investors warm to report of progress in U.S.- China talks. PARIS/ SINGAPORE, Jan 18- Chicago soybean futures ticked higher on Friday as a press report pointing to progress in trade negotiations between Washington and China boosted equity and commodity markets. Chicago corn and wheat were also up slightly as the renewed optimism about a possible resolution to a...

  • *Pernod to hold board meeting Jan. 23. PARIS, Jan 18- Pernod Ricard, the family-backed French spirits group under pressure from activist investor Elliott, will continue to improve its governance, it pledged on Friday. Elliott, which has become more active in Europe in recent years, said in December it had spent around 930 million euros to build a stake of just over 2.5...