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CNBC Utilities Page Wires

  • Soybeans slipped from three-week highs as hedge-related selling offset earlier support from signs of renewed export demand from top buyer China. Meanwhile, dry weather in parts of Canada, Australia and Russia- all major wheat exporters- have fueled expectations of a tightening supply balance after record inventories forecast for this season.

  • SAO PAULO, May 24- Brazilian power distribution company Eletropaulo Metropolitana Eletricidade de Sao Paulo SA said in a securities filing on Thursday that a court decision changed the rules for the auction of the company's controlling stake. According to the filing, bidders Enel SpA and Neoenergia SA, which is controlled by Spain's Iberdrola SA, will not...

  • ST PETERSBURG, Russia/ MOSCOW, May 24- Russian aluminium producer Rusal has asked the Russian government to purchase some of its output, a government source said on Thursday, in an effort to alleviate the pain inflicted by U.S. sanctions. The United States announced sanctions on Rusal and its main shareholder Oleg Deripaska on April 6, preventing customers with...

  • ST PETERSBURG, Russia/ MOSCOW, May 24- Russian aluminum producer Rusal has asked the Russian government to purchase some of its output, a government source said on Thursday, in an effort to alleviate the pain inflicted by U.S. sanctions. The United States announced sanctions on Rusal and its main shareholder Oleg Deripaska on April 6, preventing customers with U.S....

  • BRUSSELS, May 24- Russian gas giant Gazprom clinched a deal with EU antitrust regulators on Thursday to reform its pricing structure and allow rivals a foothold in eastern Europe, avoiding fines in a case that has dragged on for seven years. Europe's competition enforcer said Gazprom's concessions allay concerns of market abuse, ending the EU's longest...

  • BRUSSELS, May 24- European Union finance ministers are likely to agree on Friday to new banking capital rules in a major step toward enhancing EU financial stability, but the deal could be delayed because Italy's political crisis, EU officials said. The potential delay could be seen as a first sign of how Italy's prolonged crisis and its emerging eurosceptic...

  • May 24- The United Auto Workers union has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union. The UAW, which is seeking to represent workers at Tesla's facility in Fremont, California, filed the complaint with the National Labor Relations Board late on Wednesday.

  • HAVANA, May 24- Rainfall has shuttered all but a few of Cuba's 54 sugar mills, with output down nearly 40 percent to the lowest level in more than a century, which could force the island to import, official media and industry sources say. The Communist Party has already tasked President Miguel Diaz-Canel, who replaced Raul Castro last month, with carrying out a series...

  • BRUSSELS, May 24- The head of Ukraine's Naftogaz said on Thursday EU-mediated talks over future Russian gas transit via the country to Europe must include Gazprom and must be based on firm commitments. Russian President Vladimir Putin said on Friday that Moscow was ready for talks with Ukraine on continued gas transits after their contract expires in 2019,...

  • LA MALBAIE, Quebec, May 24- A move by the United States to explore tariffs on auto imports is based on flimsy logic and is clearly linked to talks to modernize the NAFTA trade pact, Canadian Prime Minister Justin Trudeau said on Thursday. Trudeau told Reuters in an interview that although the administration of U.S. President Donald Trump had raised the idea of auto...

  • HOUSTON, May 24- The U.S. Chemical Safety Board on Thursday urged chemical plants to weigh the risks of natural disasters just as they would the integrity of pipes and production equipment. "Such facilities should perform an analysis to determine their susceptibility to extreme weather events," the board said in its final report on a chemical fire at the Arkema SA...

  • LONDON/ MILAN, May 24- European stocks fell on Thursday as carmaker shares came under pressure after the United States launched an investigation into auto imports, while Deutsche Bank dropped after announcing thousands of job cuts. President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un. German carmakers Daimler, BMW and...

  • AUTO TARIFFS ARE CLEARLY LINKED TO NAFTA TALKS, SAYS CANNOT SEE LINK BETWEEN AUTO TARIFFS, NATIONAL SECURITY.

  • CANA0A'S TRUDEAU SAYS THERE IS LONG WAY TO GO BEFORE UNITED STATES ACTUALLY IMPOSES TARIFFS ON AUTOS.

  • CANADA PM: SECURITY AGENCIES MADE "VERY CLEAR" RECOMMENDATION THAT CHINESE TAKEOVER OF AECON SHOULD NOT PROCEED FOR NATIONAL SECURITY REASONS, WE ACCEPT THAT.

  • ROME, May 24- An Italian court has thrown out a request by two former Leonardo executives, and the company, not to appear in a New Delhi court as defendants in a bribery case relating to a large 2010 helicopter contract with the Indian government. The ruling, seen in court documents, means Giuseppe Orsi, former chief executive of the Italian state-controlled defence...

  • ROME, May 24- An Italian court has thrown out a request by two former Leonardo executives, and the company, not to appear in a New Delhi court as defendants in a bribery case relating to a large 2010 helicopter contract with the Indian government. The ruling, seen in court documents, means Giuseppe Orsi, former chief executive of the Italian state-controlled defence...

  • ROME, May 24- An Italian court has thrown out a request by two former Leonardo executives, and the company, not to appear in a New Delhi court as defendants in a bribery case relating to a large 2010 helicopter contract with the Indian government. The ruling, seen in court documents, means Giuseppe Orsi, former chief executive of the Italian state-controlled defense...

  • ROME, May 24- An Italian court has thrown out a request by two former Leonardo executives, and the company, not to appear in a New Delhi court as defendants in a bribery case relating to a large 2010 helicopter contract with the Indian government. The ruling, seen in court documents, means Giuseppe Orsi, former chief executive of the Italian state-controlled defense...