CNBC Utilities Page Wires

  • April 24- Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user's suggestion https://twitter.com/elonmusk/status/1121114038446858241 on Twitter.

  • BRASILIA, April 24- Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government's struggle to build support for its signature reform policy. 'said Jose Francisco de Lima, chief economist at Banco Fator in Sao Paulo. Jose Carlos Faria, head of Latin...

  • "We will being construction of Mexico City's new airport next Monday," said Lopez Obrador in a speech at the Santa Lucia military air base, north of the sprawling capital in the neighboring State of Mexico. The plan is a replacement for a part-built $13 billion Mexico City airport on the capital's eastern flank which Lopez Obrador canceled on Oct. 29, a few weeks...

  • ELON MUSK, IN RESPONSE TO TWEET SUGGESTING TESLA BUILDS A FACTORY IN GERMANY, SAYS "CONSIDERING"- TWEET.

  • OTTAWA, April 24- The Bank of Canada held interest rates steady on Wednesday as expected but removed wording around the need for future hikes and lowered its growth forecast for 2019, cementing the market's view that further increases are off the table for now. The Bank of Canada held rates steady at 1.75 percent on Wednesday. "This reads dovish," said Andrew Kelvin,...

  • PARIS, April 24- Carrefour said revenue growth accelerated in the first quarter, driven by robust sales in Brazil and an improving performance in the core French market where hypermarket sales turned slightly positive. Carrefour, which is Europe's largest retailer, is in the midst of a five-year plan it launched in January 2018 to cut costs and jobs, boost...

  • April 24- A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1 MDB corruption scandal should include a guilty plea at the parent company level, U.S. Department of Justice staff have recommended, according to a Financial Times report on Wednesday. The U.S. Justice Department announced criminal charges against two former Goldman...

  • SAN FRANCISCO/ NEW YORK, April 24- Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, whose 53 to 47 majority in the U.S. Senate gives them the final say on whether...

  • *Gold to find support at $1,264, resistance at $1,284. Spot gold was up 0.3 percent to $1,276.50 per ounce as of 1:35 p.m. EDT, a day after hitting its lowest since Dec. 26 at $1,265.90. This "insignificant move in gold is just a technical bounce from the hard sell-off yesterday," said David Meger, director of metals trading at High Ridge Futures.

  • Wheat also declined, with Chicago Board of Trade futures hitting a one-month low while K.C. and Minneapolis Grain Exchange futures set across-the-board contract lows. As of 12:42 p.m. CDT, CBOT benchmark July corn was down 3-1/ 4 cents at $3.57 a bushel after hitting a contract low at $3.56. CBOT July soybeans were down 6 cents at $8.69-1/ 2 a bushel and July wheat...

  • LISBON, April 24- Shareholders of EDP-Energias de Portugal voted on Wednesday to effectively block a 9 billion euro takeover bid for the utility announced by China Three Gorges almost a year ago. The proposed scrapping of a 25 percent voting right limit was a key condition of CTG's attempt to buy Portugal's largest company, but it was opposed by activist...

  • April 24- A settlement with Goldman Sachs Group Inc over its role in the 1 MDB corruption scandal should include a guilty plea at the parent company level, staff at the U.S. Department of Justice have recommended, according to a Financial Times report on Wednesday. The internal recommendation by prosecutors is now being considered by senior officials at the...

  • April 24- Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company's weed killers gave him cancer. In a filing in California's Court of Appeal, First Appellate District, the company said that there was "no evidence" that glyphosate, a chemical found in the...

  • April 24- Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways. Boeing finance director Greg Smith confirmed the adjustment was related to financial problems at Jet Airways, which halted all flight operations indefinitely on...

  • CARACAS, April 24- The finance committee of Venezuela's opposition-controlled National Assembly on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA's 2020 bond, which is backed by shares in its crown jewel overseas asset, U.S. refiner Citgo. Earlier this month, the National Assembly- recognized by the United States as...

  • Iran sanctions buoyed prices this week. NEW YORK, April 24- Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent crude futures lost 9 cents to $74.42 a barrel by...

  • CALGARY, Alberta, April 24- Canada's Cenovus Energy on Wednesday praised government-ordered oil production cuts that have dramatically improved Canadian crude oil prices, allowing the company to post a return to quarterly profits after a torrid 2018.. Canada's main oil-producing province Alberta ordered companies to cut output by 325,000 barrels per day,...

  • LISBON, April 24- Shareholders of EDP-Energias de Portugal rejected on Wednesday a voting rights reform, effectively blocking a 9 billion euro takeover bid for the utility announced by China Three Gorges almost a year ago. The proposed scrapping of a 25 percent voting right limit was a key condition of CTG's attempt to take over Portugal's largest company, but...

  • International energy companies such as Exxon Mobil have been developing huge natural gas fields off the coast of northern Mozambique. "It's going to make landfall tomorrow afternoon in Cabo Delgado, on the northeastern coast of Mozambique, and it is going to be a cyclone with wind speeds which could be 140 km per hour," said Jan Vermeulen, from the South African...

  • April 24- A settlement with Goldman Sachs Group Inc over its role in the 1 MDB corruption scandal should include a guilty plea at the parent company level, the U.S. Department of Justice has recommended, according to a Financial Times report on Wednesday. The internal recommendation by prosecutors is now being considered by senior officials at the DOJ, FT said...