CNBC Utilities Page Wires

  • LONDON, Jan 21- Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro.

  • HOUSTON, Jan 21- The United Steelworkers union has made progress on some issues in contract talks with Shell Oil Co, which is the lead negotiator for U.S. refinery and chemical plant owners, sources familiar with the negotiations said on Monday. The union is seeking a pay increase of 8 percent a year for each year of a three-year agreement that would take effect when...

  • *U.S.- China trade relations, Brexit key risks for world economy. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent but was still within striking distance of a seven-week top touched the previous day. However, equity prices in Europe and Latin America were hit after data showed a slowdown in growth in China, the world's second biggest...

  • VERSAILLES, France, Jan 21- President Emmanuel Macron told dozens of the world's most powerful executives on Monday that he would not follow the path of guillotined French royals and would continue to reform the French economy despite a sometimes violent popular revolt. For the second year running, Macron hosted corporate A-listers like Microsoft Chief...

  • *Q4 GDP +1.0 pct s/adj q/q. SEOUL, Jan 22- South Korea's economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, though weak exports cast a cloud over the outlook for growth. Gross domestic product increased by a seasonally adjusted 1 percent in the fourth quarter...

  • *Australian wine exports to China grow at slowest pace since 2014. SYDNEY, Jan 22- Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Tuesday, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world's second-largest economy. Wine exports to China, Australia's...

  • SEOUL, Jan 22- South Korea's economy expanded at the fastest pace in three quarters in the last three months of 2018 thanks to a jump in government spending, though weakness in exports cast a cloud over the outlook for growth. Gross domestic product increased by a seasonally adjusted 1 percent in the fourth quarter from three months earlier, the Bank of Korea said...

  • TOKYO, Jan 22- Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn. "Nissan acknowledges that the misconduct by its former chairman Carlos Ghosn and former...

  • REUTERS CORPORATE SURVEY: 76 PCT OF JAPAN FIRMS HAVE NO PLAN TO SET UP COMPENSATION COMMITTEE OR NOMINATING COMMITTEE.

  • REUTERS CORPORATE SURVEY: 56 PCT OF JAPAN FIRMS SEE NO NEED TO CHANGE EXECUTIVE PAY; 41 PCT CALL FOR HIGHER PAY; 2 PCT SEEK LOWER PAY.

  • TOKYO, Jan 22- Three-quarters of Japanese firms have no plan to set up committees to oversee compensation and executive nomination, a Reuters poll found. The Reuters Corporate Survey also showed that just over a third of Japanese firms intend to boost capital expenditure in the fiscal year starting in April, with many others worried about fallout from Sino-U.S....

  • REUTERS CORPORATE SURVEY: 52 PCT OF JAPAN FIRMS TO KEEP CAPEX PLAN STEADY NEXT FY, 22 PCT TO EXPAND, 14 PCT TO INCREASE MODERATELY, 12 PCT TO CUT.

  • BEIJING, Jan 21- China's economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest level in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. Growing signs of weakness in China-- which has generated nearly a third of global...

  • BERLIN, Jan 21- Germany continues to advocate an orderly exit of Britain from the European Union and Berlin expects the British government to agree soon on proposals that are backed by a majority of parliament, a German government spokesman said on Monday.

  • Jan 21- Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders. Zambia, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage...

  • Jan 21- Latin American stocks saw their steepest one-day loss in nearly one month on Monday and currencies also weakened as negative local news added to the risk aversion from China data confirming global economic slowdown. The focus will be on the unveiling of the government's economic reforms, particularly pension reforms, by President Jair Bolsonaro's...

  • Jan 21- Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders. Zambia, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage...

  • Jan 21- Canada's main stock index rose on Monday to a seven-week high as shares of financial and industrial companies climbed, shaking off a weaker tone on global stock markets after data showing slower economic growth in China. *The Toronto Stock Exchange's S&P/TSX composite index closed up 50.33 points, or 0.3 percent, at 15,354.16, its highest since Dec. 3, 2018.

  • BRASILIA, Jan 21- Brazil's government will announce the privatization of southern airports, including Curitiba, in the second quarter of this year, according to Adalberto Vasconcelos, head of the PPI government program tasked with luring private investment in the country's infrastructure. Vasconcelos told Reuters on Monday that the Ferrograo and FIOL...

  • PARIS, Jan 21- France is considering introducing a bill amendment to empower its security and defence watchdogs to make retroactive checks to telecoms operators' equipment once installed, targeting China's Huawei, Les Echos newspaper reported on Monday without citing sources. The amendment to a broad deregulation bill being debated by French parliament...