CNBC Utilities Page Wires

  • LONDON, Feb 18- British consumer goods group Reckitt Benckiser reported higher-than-expected sales growth on Monday, helped by improvements in both its health and home and hygiene businesses and lifting its shares to a two-month high. The results boosted investor confidence that Reckitt, once seen as a pacemaker for growth in the packaged goods industry, is...

  • *Munich prosecutor investigates FT journalist. FRANKFURT, Feb 18- Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities. Munich prosecutors said on Monday they were investigating a...

  • OSLO, Feb 18- Norwegian Air will sell new shares at just a third of the current market price when the loss-making airline seeks to raise money from its owners in the next few weeks, it said on Monday. Norwegian Air said on Jan. 29 it planned to raise 3 billion Norwegian crowns in a share sale to bolster its finances, just days after British Airways owner IAG ruled out a bid...

  • ABUJA, Feb 18- Nigeria's main opposition on Monday said President Muhammadu Buhari's threat to use soldiers to deal with any attempts to tamper with voting material during a delayed vote was a "direct call for jungle justice". The comment was made in a statement issued by the main opposition People's Democratic Party after Buhari said anyone trying to steal or...

  • The Coffee Centre near Dubai's Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and the only location in the Middle East that offers green bean storage and processing. Rather than being locked into long-term bulk deals with major retailers, coffee traders could use Dubai as a...

  • The Coffee Centre near Dubai's Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and the only location in the Middle East that offers green bean storage and processing. Rather than being locked into long-term bulk deals with major retailers, coffee traders could use Dubai as a...

  • BRUSSELS, Feb 18- The European Union on Monday told small businesses to prepare for more bureaucracy and costs should Britain crash out of the bloc without a deal, the latest step in its contingency plans reflecting the potential impact of a hard Brexit. The bloc's executive European Commission said companies dealing with Britain must prepare for customs...

  • LJUBLJANA, Feb 18- Slovenia should continue its structural reforms to ensure long-term prosperity, reduce the administrative burden on the economy and boost investment and growth, the International Monetary Fund said. In a report on Slovenia, issued on Monday, it also urged the country to increase labor market flexibility, reform the tax system and speed up...

  • SAO PAULO, Feb 18- The official death toll from a dam burst in the Brazilian town of Brumadinho rose to 169, authorities in the state of Minas Gerais said on Sunday night. In addition, 141 people have yet to be located. The dam, which held back mining byproducts, is owned by nickel and iron ore miner Vale SA.

  • LONDON, Feb 18- Copper prices rose on Monday on concerns that supply will be tight after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired. But there is little sign of a serious supply shortfall, Deutsche Bank analyst Nick Snowdon said, adding that the outlook for U.S.- China trade...

  • ABU DHABI, Feb 18- The United Arab Emirates on Monday awarded Raytheon Co. a 5.7 billion dirhams contract to supply its air force with platform systems to launch missiles, a UAE military spokesman said. The agreement was signed at the week-long IDEX military exhibition in Abu Dhabi and followed the award on Sunday of a 1.3 billion dirhams contract to Raytheon to...

  • ABIDJAN, Feb 18- Most of Ivory Coast's cocoa growing regions saw no rainfall last week, raising fears for the April-to-September mid-crop, farmers said on Monday. Scarce showers during the dry season, which runs from November to late February, are crucial for cocoa crops to withstand the heat in Ivory Coast, the world's biggest cocoa producer.

  • LONDON, Feb 18- White sugar futures rose to a 3-1/ 2 month high on Monday as the market extended the prior session's sharp advance, buoyed by recent strength in crude oil and concerns about dry weather in top exporter Brazil. *May white sugar was up $2.50, or 0.7 percent, at $357.20 a tonne at 1236 GMT after peaking at $359.40, a 3-1/ 2 month high for the front month.

  • *Rising U.S. output could undermine OPEC efforts. LONDON, Feb 18- Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy offset gains. Brent futures were last down 6 cents at $66.19 a...

  • *Britain does not support full Huawei ban- sources. *FT reports Britain has decided it can mitigate risks. It's not that simple, "one of the sources told Reuters on Monday after a Financial Times report on Sunday said that Britain had decided it could mitigate the risks of using Huawei equipment in 5 G networks.

  • LONDON, Feb 18- Britain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard. On Monday Frankfurter Allgemeine Zeitung said that German authorities have opened an investigation into an FT journalist over...

  • BRITAIN'S FINANCIAL TIMES SAYS ANY ALLEGATION AGAINST THE NEWSPAPER OR ITS REPORTERS OF MARKET MANIPULATION OR UNETHICAL REPORTING IN RELATION TO WIRECARD IS BASELESS AND FALSE.

  • *Naira, stocks fall after election delayed. LAGOS, Feb 18- The naira weakened on the forward market on Monday and Nigerian stocks fell as investors worried that delaying elections for a week could lead to a contested result, fuelling uncertainty, analysts said. Nigeria's electoral commission over the weekend postponed for one week a presidential election, hours...

  • *Beijing- Canberra tensions have risen recently. BEIJING, Feb 18- Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuters on Monday. It was not clear why China had stepped up checks on Australian imports but tension...

  • LONDON, Feb 18- The euro rallied and riskier currencies like the Australian dollar strengthened on Monday as optimism over a breakthrough in U.S.- China trade war talks encouraged investors. But after dropping to a three-month low on Friday, the euro has recovered, helped by improved investor sentiment as hopes rose for an end to the U.S.- China trade conflict...