×

CNBC Utilities Page Wires

  • SAO PAULO, May 25- A nationwide truck drivers' protest in Brazil was slow to wind down on Friday despite an agreement to end the mobilization, with many highway blockades in place for a fifth straight day rattling sectors of the economy ranging from agribusiness to auto factories. Brazil's federal highway police said there were still blockades present in 24 of...

  • STOCKHOLM, May 25- Central banking is becoming increasingly complex and difficult to understand, supporting the case for new ways to communicate, European Central Bank board member Benoit Coeure said on Friday. "Based on common measures of text readability, the introductory statement delivered at our last ECB press conference was only accessible to...

  • LONDON, May 25- Lead fell on Friday as some buyers cashed in on a recent rally but the metal remained on track for its biggest weekly rise since September as investors positioned for a market in deficit. *LEAD PRICES: Three-month lead on the London Metal Exchange was down 2.1 percent at $2,442.50 a tonne at 1408 GMT, having hit its highest since late February on...

  • *At 9:48 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was down 27.44 points, or 0.17 percent, at 16,086.18. Oil prices fell as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014.. *Mexican Economy Minister Ildefonso Guajardo said there is about a 40 percent chance of...

  • May 25- The S&P 500 index and the Dow Jones Industrial Average were slightly lower on Friday as a steep drop in oil prices pressured energy stocks. Crude oil prices declined more than 2.5 percent, or about $2 per barrel, after Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed prices to their highest since 2014.. "With the long weekend...

  • LONDON, May 25- Italy- only equity funds suffered record outflows in the week to May 23, equivalent to 6 percent of total investments in such funds, Bank of America Merrill Lynch said on Friday, as investors eyed the prospect of a eurosceptic government. The right-wing League and anti-establishment 5- Star Movement have agreed a coalition, triggering jitters...

  • NEW DELHI, May 25- London- listed Vedanta Resources plans to stick to operations in a southern Indian city despite protests demanding the closure of its copper smelter that killed 13 people this week, a company executive told Reuters on Friday. The company's position comes a day after the state of Tamil Nadu, where the smelter is located, said it was seeking a...

  • *PM offers to write-off 35 bln of 47 bln euros of debt. By Simon Carraud and Brian Love. PARIS, May 25- The French government, seeking to end a rail strike over one of President Emmanuel Macron's flagship reforms, said on Friday it would erase most of the SNCF rail company's debt if plans to make the operator more cost-effective were implemented.

  • Chrusciel and Granite City are among the winners as the Trump administration fights a multi-front war to reshape U.S. trade policy. "These are jobs you can raise a family on," said Granite City Mayor Ed Hagnauer. They are popular in Granite City, but problematic in other communities.

  • BUDAPEST, May 25- The crown trimmed its losses against the euro on Friday after Czech Central Bank Governor Jiri Rusnok said its weakness may bring forward the next interest rate hike. Trading at 25.79 versus the euro at 1247 GMT, the crown was a shade weaker from Thursday, while Central European markets were mixed, with the zloty firming 0.1 percent, drifting off a...

  • STOCKHOLM, May 25- Central banking is becoming increasingly complex and difficult for the public to understand, eroding confidence in banks and supporting the case for new ways to communicate, European Central Bank board member Benoit Coeure said on Friday. Inflation may react slower to unconventional policy so the public could struggle to understand what...

  • VEDANTA TO SEEK LEGAL RECOURSE, DIALOGUE WITH LOCAL COMMUNITY TO RESTART COPPER SMELTER, DOUBLE CAPACITY- CO EXECUTIVE.

  • VEDANTA UNIT LOOKING AT IMPORTING COPPER ANODE TO KEEP CUSTOMERS AS MAIN PLANT SHUT- CO EXECUTIVE.

  • VEDANTA PLANS TO STICK TO OPERATIONS IN SOUTHERN INDIAN CITY DESPITE PROTESTS AGAINST COPPER SMELTER THAT KILLED 13- CO EXECUTIVE.

  • VEDANTA EXPECTS DELAY IN SMELTER EXPANSION; PREVIOUS COMPLETION TARGET Q3, 2019/ 20- CO EXECUTIVE.

  • *OPEC sec-gen says Trump tweet prompted new debate. *OPEC, non- OPEC producers to meet in June. The energy ministers of the two major producers met in the Russian city of St. Petersburg to review the terms of the global oil supply pact that has been in place for 17 months, ahead of a key OPEC meeting in Vienna next month.

  • ISTANBUL, May 25- Turkey won't look to push back against financial markets, Deputy Prime Minister Mehmet Simsek said on Friday, although he acknowledged investors remained concerned after the central bank was slow to react with a rate increase this week. "Turkey will solve all its issues with a rules-based, market economy and will not stand stubbornly against...

  • NEW YORK— Harvey Weinstein arraigned on rape, sex assault charges; will post $1 million bail and wear electronic monitor.

  • *Report comes day after news of Mercedes Vito recall. BERLIN, May 25- Daimler faces a recall order for more than 600,000 diesel-engine vehicles including C-Class and G-Class models because of suspected emissions manipulation, German magazine Der Spiegel reported on Friday. Germany's KBA vehicle authority is probing concrete suspicions that the affected...

  • *Katie Bays, an energy analyst at Height Securities in Washington, said in a note on Friday that "there's a chance the PUC reverses the ALJ order and allows service on Mariner East 1 to resume" at any time following ETP's appeal. *The judge granted the request to halt work and flows on the pipelines so additional studies can be conducted on the geology in West Whiteland...