CNBC Utilities Page Wires

  • KIEV, April 18- Ukraine risks returning to economic instability, higher inflation and currency volatility if it loses a legal case over the nationalization of PrivatBank, Central Bank Governor Yakiv Smoliy said on Thursday. A lower court in Kiev earlier ruled that the 2016 nationalization of PrivatBank, Ukraine's largest lender, was illegal.

  • April 18- ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's added to the downbeat sentiment. settled down 0.69 cent, or 0.87 percent, at 78.27 cents per lb. It was an opportunity for those who were long in the market this week to get out and reposition...

  • DETROIT, April 18- General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. President Donald Trump as it negotiates new trade deals with China, Europe and Japan. Barra's pay package included...

  • WASHINGTON, April 18- U.S. banking regulators on Thursday proposed a rule that would allow custody banks to exclude deposits with central banks from a stringent capital requirement. The relief, prescribed by a bank deregulation bill passed by Congress in May, would apply to Bank of New York Mellon, Northern Trust and State Street, as firms "predominantly engaged...

  • *Venezuela sells oil invoices to Russia at discount Russia pays Venezuela, collects cash from buyers Arrangements keep money flowing despite U.S. sanctions Venezuelan dependence on Russia growing. The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose...

  • RIO DE JANEIRO, April 18- Brazilian President Jair Bolsonaro said on Thursday that he had "initial sympathy" toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company's shares a minor jolt. Bolsonaro made the comment to national broadcaster GloboNews at an event in Sao Paulo. On Wednesday, Economy Minister Paulo...

  • *Weak global PMIs hurt U.S. yields. NEW YORK, April 18- U.S. Volume thinned in the afternoon ahead of a long weekend, with financial markets closing for the Good Friday holiday.

  • Munoz, who will take charge on May 1, has also been named president and chief executive officer of Hyundai Motor North America and Hyundai Motor America. He joined Nissan in 2004 in Europe and led its expansion in North America after the global financial crisis. Munoz will be based in California and will report to Hyundai's top leadership in Seoul.

  • USTR SAYS ESTIMATES INCLUDE $15.3 BLN IN INVESTMENTS PREVIOUSLY ANNOUNCED BY FCA, FORD, GM, TOYOTA, VW, SK INNOVATION.

  • NEW YORK, April 18- The U.S. dollar gained to its strongest level against the euro in over a week on Thursday as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. The picture was less bullish in the euro zone as data showed that activity in Germany's manufacturing sector shrank for a fourth straight month in...

  • April 18- Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings. "All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of...

  • SANTIAGO, April 18- Chile's Cochilco state copper commission on Thursday held its estimate for the price of copper at $3.05 per pound, rising to $3.08 for 2020 on improving prospects for growth in China. Cochilco said production this year in Chile, the world's top copper producer, would increase 2.2 percent over 2018 to 5.96 million tonnes. Mining Minister Baldo...

  • NEW YORK, April 18- Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. Others sued include ESL President Kunal Kamlani; Bruce Berkowitz and his Fairholme...

  • April 18- A top Federal Reserve policymaker on Thursday said he is "getting more confident" in U.S. economic growth this year but still thinks current interest rates are appropriate. "I'm getting more confident about solid growth this year," Dallas Fed President Robert Kaplan said in an interview with the Wall Street Journal. He described the U.S. central bank's...

  • NEW YORK/ LONDON, April 18- Arabica coffee futures on ICE rebounded on Thursday, erasing losses from the previous session when the contract hit a 13-1/ 2- year-low, while raw sugar prices also rose. London cocoa, robusta coffee and white sugar futures will be closed on Friday and Monday for the Easter holidays. *July arabica coffee settled up 3.25 cents, or 3.6 percent,...

  • KHARTOUM, April 18- The Sudanese pound strengthened sharply on the black market on Thursday, two traders and a businessman said, as imports dwindled amid the political chaos that led to the overthrow last week of president Omar al-Bashir. One businessman said the pound may have strengthened due to expectations of aid from the United Arab Emirates and Saudi...

  • Corn futures were near unchanged, while wheat futures touched a one-month low at the Chicago Board of Trade. In the United States, soybean ending stocks have swelled over the past year due to competition for export business from South American suppliers and as the U.S.- China trade hurt shipments of U.S. soy to Chinese buyers. The most active soybean futures on...

  • April 18- U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country's largest oil fields, continue to shrink. U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day in May to a record 8.46 million bpd, the U.S. Energy...

  • *Retail sales increase 1.6 percent in March. *Core retail sales rise 1.0 percent. WASHINGTON, April 18- U.S. retail sales increased by the most in 1-1/ 2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.

  • AL-SUANI, Libya, April 18- Mortars crashed down on a suburb of Tripoli on Thursday, almost hitting a clinic and adding to people's suffering after two weeks of an offensive by eastern troops on the Libyan capital, which is held by an internationally recognized government. The Libyan National Army of Benghazi-based Haftar has become bogged down in the southern...