CNBC Utilities Page Wires

  • *Watchdog looks at suspected boycott of Apple Pay, Samsung Pay. *Targets include Swiss units of Credit Suisse, UBS. ZURICH, Nov 15- Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.

  • BEIJING, Nov 15- PetroChina will merge its wholesale natural gas sales unit with retail provider Kunlun Energy to shore up profits though the move worries independent gas sellers that fear the combination will create a monopoly. PetroChina announced the restructuring internally last week to merge PetroChina Natural Gas Sales Company, the country's...

  • *Countries that do not train workers risk losing employers. ZURICH, Nov 15- Companies should set up portable accounts to pay for life-long learning to help workers upgrade their skills and remain employable as robots take over more jobs, Adecco Group Chief Executive Alain Dehaze said. The 55- year-old Belgian who has led Switzerland- based Adecco Group since...

  • MIAMI, Nov 15- Ford Motor Co Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a "delicate dance." However, Hackett said expanding collaboration to other areas, such as electric vehicles or...

  • CHICAGO, Nov 15- During a recent visit to my dentist, we got talking about his frustrations with Medicare. Here is what he meant: traditional Medicare does not cover most dental care. Many seniors simply pay for dental care out of pocket- the average out-of-pocket expense among Medicare enrollees who needed dental care in 2016 was $607, according to the Agency for...

  • HONG KONG, Nov 15- French asset manager Natixis Investment Managers plans to set up a presence in China, preferably through an acquisition, as part of its strategy to double its Asia Pacific assets by 2020, a top executive said. "Considering Natixis is a global asset manager we have to be in China," Fabrice Chemouny, the fund manager's Asia Pacific Chief Executive...

  • LONDON, Nov 15- Britain will buy 17 more F-35 fighter jets, defence minister Gavin Williamson said in a statement on Thursday. The deal will mean Britain owns 35 of the stealth fighter jets by the end of 2022.. Britain has said that over the life of the programme, it will buy 138 aircraft, which are made by U.S. company Lockheed Martin, and on which UK company BAE Systems is...

  • LONDON, Nov 15- Britain will buy 17 more F-35 fighter jets, defense minister Gavin Williamson said in a statement on Thursday. The deal will mean Britain owns 35 of the stealth fighter jets by the end of 2022.. Britain has said that over the life of the program, it will buy 138 aircraft, which are made by U.S. company Lockheed Martin, and on which UK company BAE Systems is...

  • LONDON, Nov 15- Britain will buy 17 more F-35 fighter jets, defence minister Gavin Williamson said in a statement on Thursday. The deal will mean Britain owns 35 of the stealth fighter jets by the end of 2022.. Britain has said that over the life of the programme, it will buy 138 aircraft, which are made by U.S. company Lockheed Martin, and on which UK company BAES Systems...

  • LONDON, Nov 15- Britain will buy 17 more F-35 fighter jets, defense minister Gavin Williamson said in a statement on Thursday. The deal will mean Britain owns 35 of the stealth fighter jets by the end of 2022.. Britain has said that over the life of the program, it will buy 138 aircraft, which are made by U.S. company Lockheed Martin, and on which UK company BAES Systems is...

  • *Positive headlines in Italy support BTPs. LONDON, Nov 15- Top-rated German government bond yields tumbled to over two-week lows on Thursday after British Brexit Secretary Dominic Raab resigned, thrusting Prime Minister Theresa May's government into turmoil after she clinched a Brexit deal. "The reason we have a risk-off mood in the euro zone is driven by the UK,"...

  • *Subsidiary Xiamen Airlines to remain in SkyTeam. *Oneworld member American Airlines owns China Southern stake. SHANGHAI/ SINGAPORE, Nov 15- China Southern Airlines said it will leave the SkyTeam airline alliance on Jan. 1 next year to meet the needs of the company's own development strategy.

  • *Asia rose overnight on U.S.- China trade hopes. Asia had cheered news that China and the United States were back in contact about their bitter trade dispute and oil was holding steady again having snapped out of a record losing streak. London's Brexit minister Dominic Raab quit in protest at Prime Minister Theresa May's deal for leaving the European Union.

  • PORT MORESBY, Nov 15- Papua New Guinea was keen to lay on an "excellent" welcome for Chinese President Xi Jinping when he arrived on Thursday for an Asia-Pacific summit and for talks with leaders of an impoverished region where China's influence is growing. Xi was the first world leader to arrive in Port Moresby for an Asia-Pacific Economic Cooperation forum,...

  • PARIS, Nov 15- Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly half the industry's sales by 2025, a study showed on Thursday. That pace will slow in the medium term to 3 to 5 percent per year, they forecast, with potential "bumps" along the way like the risk of...

  • LONDON, Nov 15- Brexit-sensitive UK stocks and sectors were hit hard on Thursday by the resignation of UK Brexit minister Dominic Raab, a blow to Prime Minister Theresa May as she seeks to secure cabinet and parliamentary support for her draft Brexit deal. Housebuilders, retailers, and domestic banks all sank and the FTSE 250 tumbled 1 percent in early deals, while...

  • ZURICH, Nov 15- Swiss drugmaker Novartis is "completely committed" to its $10 billion- per-year Sandoz generics business, a spokesman said on Thursday, after a newspaper reported Chief Executive Vas Narasimhan planned to split the unit off. "We're completely committed to the Sandoz business, and we're looking at transforming it and making it as strong as it can be...

  • *Brexit resignations in London hammer sterling. LONDON, Nov 15- The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain's Brexit deal with the European Union was plunged into uncertainty, spooking investors. The resignation of British Brexit minister Dominic Raab sent sterling plummeting more than one percent, reversing the...

  • *C.bank unexpectedly hikes benchmark 25 bps to 6.00 pct. JAKARTA, Nov 15- Indonesia's central bank on Thursday surprisingly raised its benchmark interest rate for the sixth time this year, as policymakers struggle to reduce imports and lower the country's yawning current-account deficit. Bank Indonesia raised its 7- day reverse repurchase rate by 25 basis...

  • *China stocks rise on hopes for trade talks. "China clearly wants to give a semblance of measures but its not clear whether the U.S. administration is happy with what China has offered. The broader index for emerging markets witnessed its biggest intraday gain in almost two-weeks, up 1.1 percent, boosted by mainland China shares which rose on news of trade optimism...