CNBC Utilities Page Wires

  • *Mixed signals on U.S.- China trade progress jangle nerves. NEW YORK, March 20- U.S. crude prices rose on Wednesday to a 4- month high above $60 a barrel after U.S. government data showed tightening domestic oil supplies, but gains were capped by concerns over global economic growth due to the ongoing U.S.- China trade war. West Texas Intermediate crude futures...

  • March 20- The U.S. Food and Drug Administration on Wednesday said it will allow certain manufacturers to distribute blood pressure medications containing specified levels of a cancer-causing impurity in order to maintain adequate supplies of the drug. The agency said https://www.fda.gov/Drugs/DrugSafety/ucm613916. htm losartan medicines...

  • *World shares up as Wall Street gets Fed boost. NEW YORK, March 20- Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over U.S.- China trade talks. In New York, FedEx fell 3.9 percent after it cut its 2019 profit forecast for the...

  • WASHINGTON/ BRASILIA, March 20- Brazil's right-wing President Jair Bolsonaro won glowing praise and conditional promises from U.S. Diplomats and other officials said Brazil got few immediate concessions in return for granting a unilateral visa waiver for U.S. visitors, a tariff-free quota for wheat imports and easier access for U.S. space launches from...

  • *Consortium offers $7.21 per share for Inmarsat. The consortium, which includes UK- based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board, offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement. The $7.21 per share offer is at a premium of about 24 percent to Inmarsat's Tuesday...

  • BOGOTA, March 20- Colombia has shelved two environmental licensing requests made by oil companies ConocoPhillips and Canacol Energy Ltd for fracking projects in northern Cesar province, two sources with knowledge of the matter said on Wednesday. Colombia does not yet allow hydraulic fracturing, known as fracking, but the government says use of the technique...

  • NEW YORK/ LONDON, March 20- Arabica coffee futures on ICE fell to new lows on Wednesday, as a global surplus weighed, while New York cocoa fell to three-month lows. *May arabica coffee settled down 1.9 cents, or 2 percent, at 94.75 cents per lb. *A proposal by the Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered...

  • *Palladium hits peak of $1,608/ oz. Spot palladium rose 0.6 percent to $1,605.51 per ounce as of 2:25 p.m. EDT, having earlier touched a record high of $1,608. "Europe came up with stringent environmental demand and environmental initiatives while we have supply issues from South Africa and Russia," said Eli Tesfaye, senior market strategist for brokerage RJO...

  • CARACAS, March 20- Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves. Under the terms of the 2015 deal with...

  • *Pound falls after Britain's May requests Brexit delay. NEW YORK, March 20- The U.S. dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held U.S. interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy.

  • *Qatar calls on IAEA to create regional safety framework. PARIS/ ABU DHABI, March 20- Qatar has called on the International Atomic Energy Agency to intervene in a dispute over a $24 billion nuclear power plant which the United Arab Emirates is building. Relations between Qatar and its neighbour are already strained after the UAE, Saudi Arabia, Egypt and Bahrain...

  • CHICAGO, March 20- U.S. wheat futures rose more than 1 percent on Wednesday on poor weather in the Midwest soft winter wheat belt and the northern Plains spring wheat region, traders said. As of 1:10 p.m. CDT, Chicago Board of Trade May soft red winter wheat rose 7 cents to $4.63-1/ 2 a bushel while Minneapolis Grain Exchange May spring wheat was up 7 cents at $5.72-1/ 4...

  • NEW YORK, March 20- A Lithuanian man on Wednesday pleaded guilty to U.S. charges that he helped orchestrate a scheme to defraud Facebook Inc and Alphabet Inc's Google out of more than $100 million, federal prosecutors announced. District Judge George Daniels in Manhattan. Rimasauskas, originally from the Lithuanian capital of Vilnius, was extradited to the...

  • DOW INDUSTRIALS TURN POSITIVE.

  • *Fed chief to hold press conference at 2:30 p.m. EDT. WASHINGTON, March 20- The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy. After a two-day policy meeting that sealed the switch to a less aggressive...

  • NEW YORK, March 20- U.S. Treasury yields fell on Wednesday after the Federal Reserve said it would hold interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy. The benchmark 10- year U.S.

  • NASDAQ BRIEFLY TURNS POSITIVE FOLLOWING FED STATEMENT.

  • U.S. TREASURY YIELDS FALL AFTER DOVISH FED STATEMENT.

  • HOUSTON, March 20- State and local investigators have begun probing a petrochemical storage company outside Houston where a massive fire fed by giant tanks of fuel burned for days, darkening the skies with soot for dozens of miles, officials said. Adam Adams, an Environmental Protection Agency official, said he did not know if the federal agency was conducting...

  • U.S. STOCKS PARE LOSSES AFTER FED STATEMENT.