CNBC Utilities Page Wires

  • *Singapore premiums ease slightly to $0.50- $0.60/ oz. Top consumer China saw premiums of $5- $6.50 per ounce being charged over the benchmark, down from last week's $5- $7.4 range. Meanwhile, premiums in Singapore were also slightly lower at $0.50- $0.60 compared with $0.60- $0.70 last week.

  • BENGHAZI, Libya, Dec 14- Libya's state-owned National Oil Corp said it was against paying a ransom to an armed group that halted crude production at El Sharara, the North African country's largest oilfield. "Any attempt to pay a ransom to the armed militia which shut down El Sharara would set a dangerous precedent that would threaten the recovery of the Libyan...

  • HO CHI MINH CITY, Dec 14- Vingroup, Vietnam's top listed firm by market value, underlined its technology ambitions on Friday with the launch of its first smartphones, which it plans to sell around the world. Its four Vsmart phone models are being made in its factory in Vietnam's northern city of Haiphong, with a capacity to produce 5 million phones a year in the first...

  • Dec 14- U.S. stock index futures dropped about 0.8 percent on Friday, after weak economic data from China and Europe exacerbated global growth fears and added to unease over the ongoing trade dispute between the United States and China. China's monthly retail sales grew at its weakest pace in 15 years and industrial output rose the least in nearly three years,...

  • KATOWICE, Poland, Dec 14- Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's electricity. Poland's decision to host the negotiations to revive the 2015 Paris agreement on phasing out fossil fuel has laid bare the tension...

  • LUFTHANSA EXPLORING OPTIONS FOR LSG WITH HELP OF MORGAN STANLEY, EYES POSSIBLE DEAL WITH DO&CO, SATS OR GATEGROUP- SOURCES.

  • MEXICO CITY, Dec 13- Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt. On Saturday, Lopez Obrador submits his 2019 budget to lawmakers, with markets on tenterhooks to see how he...

  • PARIS, Dec 14- Renault's board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker. Lagayette "refutes the press rumours reporting differences within the board of directors", Renault's statement said, adding that its board "has not considered the...

  • BRUSSELS, Dec 14- Prime Minister Giuseppe Conte sought to convince European Union leaders on Friday that his offer to cut Italy's deficit target for next year should make an EU disciplinary procedure unnecessary. Conte met German Chancellor Angela Merkel on Friday on the sidelines of the EU summit in Brussels, officials said, and was trying to arrange to meet...

  • LONDON, Dec 14- The euro fell broadly on Friday as the euro zone economy showed more signs it's beginning to sputter, while the dollar made some headway as investors turned nervous about a slowdown in China. The single currency was hurt on Thursday when the European Central Bank cut forecasts for economic growth and inflation. "The ECB meeting was perceived as...

  • *Portugal, Ireland debt supported by ECB reinvestment plan. LONDON, Dec 14- Borrowing costs in the euro area fell on Friday as weak data from the euro zone and China fanned worries about global growth, a day after the ECB trimmed growth forecasts and said downside economic risks were becoming more prominent. That followed Thursday's decision by the European...

  • MOSCOW, Dec 14- Palmali, one of the biggest players in Russia's river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firm's owner said on Friday. Last month, a court in Rostov-on-Don in southern Russia declared the Palmali unit bankrupt.

  • SHIPPING FIRM PALMALI PLANS TO APPEAL COURT DECISION DECLARING ITS RUSSIAN UNIT BANKRUPT- OWNER.

  • *New RBI governor Das chairs first board meeting. MUMBAI, Dec 14- The board of the Reserve Bank of India said on Friday it had deliberated on the governance framework of the central bank and decided the matter requires "further examination". "The board deliberated on the governance framework of the Reserve Bank and it was decided that the matter required further...

  • *OPEC- led deal to cut supply supports crude prices. LONDON, Dec 14- Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world's biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers. "For the time being until the OPEC cuts start kicking in, the...

  • Spot gold was 0.3 percent lower at $1,238.86 per ounce as of 1041 GMT. Earlier in the session, prices hit their lowest since Dec. 6 at $1,236.80. The dollar gained as investors turned nervous about an economic slowdown in China and was further supported by weakness in the euro and pound.

  • JOHANNESBURG, Dec 14- Power utility Eskom's request for government to take up 100 billion rand of its debt could cause the country's overall debt ratio to jump two percentage points from the current 55.8 percent, ratings agency Moody's said on Friday. Moody's, the last of the top three ratings firms to still rate Pretoria's debt at investment grade, said in a...

  • *China to suspend additional 25 pct tariffs on U.S.-made cars for three months. BEIJING, Dec 14- China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country's finance ministry said on Friday, following a truce in a trade war between the world's two largest economies. The Ministry of Finance also...

  • PARIS, Dec 14- Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. The Belmond deal will give it properties including the only hotel within the Machu Picchu citadel in southern Peru, Hotel Splendido in Portofino on the...

  • FRANKFURT/ PARIS, Dec 14- Huawei faces fresh challenges in Europe after France's Orange said it would not hire the Chinese firm to build its next-generation network and Germany's Deutsche Telekom announced it would review its vendor strategy. Responding, Huawei said it was not a supplier to Orange's existing 4 G network in France and would not feature in the...