CNBC Utilities Page Wires

  • BUENOS AIRES, Aug 15- Argentina's central bank on Wednesday sold $781 million in reserves into the foreign exchange market in a bid to stop a slide of the peso currency, which hit a record low because of inflation concerns and poor emerging markets sentiment globally. Argentina's economy has been one of the hardest hit by growing risk aversion among global...

  • NEW YORK, Aug 15- U.S. The yield curve also flattened, with the spread between U.S. 2- year and 10- year notes narrowing to 23.2 basis points, the tightest gap since at least March 2010, according to Reuters data. "Right now, the overall sentiment, especially toward emerging markets, is fragile, and then you have the strong dollar, which is adding to uncertainty," said Keith...

  • NEW YORK, Aug 15- U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey's currency crisis and global trade tensions, with all three major indexes on track for their worst days since late June. Trade tensions heated up as Turkish President Tayyip Erdogan doubled tariffs on some U.S. imports, and China lodged a complaint against American...

  • *Euro pares losses as Qatar pledges investment in Turkey Lira recovers for second day but rest of emerging markets sag. NEW YORK, Aug 15- The dollar ended little changed on Wednesday after reaching a 13- month peak against a basket of currencies as investors briefly added to their safe-haven holdings of the greenback on worries about slowing Chinese growth and...

  • CURITIBA, Brazil _ Companhia Paranaense de Energia on Wednesday reported second-quarter profit of $98.3 million. On a per-share basis, the Curitiba, Brazil- based company said it had profit of 35 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CURITIBA, Brazil _ Companhia Paranaense de Energia on Wednesday reported second-quarter net income of $98.3 million. On a per-share basis, the Curitiba, Brazil- based company said it had profit of 35 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The marketing executive is a veteran of Ben& Jerry's parent company, Anglo-Dutch consumer goods multinational Unilever, where he has worked for 21 years. The maker of Chunky Monkey and Cherry Garcia said McCarthy led some other Unilever brands to adopt food production standards similar to Ben& Jerry's, such as Hellman's using certified cage-free eggs in its...

  • WASHINGTON, Aug 15- The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday...

  • NEW YORK, Aug 15- Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13- month high, while weakness in China's yuan rattled investors' nerves. While fears of a crisis in Turkey still loomed, China was in sharp focus as the yuan sagged nearly 0.8 percent to 6.9467 per dollar, hitting its...

  • NEW YORK/ LONDON, Aug 15- Gold fell to a more than 18- month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira. The advancing dollar and worries of continued oversupply also pushed platinum and palladium to their lowest since October 2008 and July...

  • HOUSTON, Aug 15- A federal judge rejected Exxon Mobil Corp's motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business. U.S. District Court Judge Ed Kinkeade in Dallas ruled on Tuesday the plaintiffs could go ahead with their suit against Exxon, former Chief Executive Rex...

  • MOSCOW, Aug 15- QHG Oil Ventures, a joint venture between Qatar Investment Authority and Glencore, has valued a 14.2 percent stake in Rosneft, which it is selling, at 7.4 billion euros, a QHG financial statement showed on Wednesday. Under a deal sealed in May, Qatar Investment Authority will buy the 14.16 percent stake in the Russian energy giant from the Singapore-...

  • CAIRO, Aug 15- Egypt's petroleum minister said on Wednesday that the country would begin exporting natural gas in January, news website El Watan reported. Tarek El Molla told El Watan in an interview that Egypt would halt gas imports in October. Egypt aims to be a regional hub for the trade of liquefied natural gas after a string of major discoveries in recent years...

  • Health Canada's Pest Management Regulatory Agency said it would phase out, over three to five years, the outdoor use of thiamethoxam, made by Syngenta AG, and clothianidin, produced by Bayer AG. Health Canada's move is subject to a 90- day consultation period, followed by final decisions in late 2019.. Canada's moves come after European Union countries in April...

  • *Turkey, Argentina down around 50 pct, many others 20-30 pct. The sharp drop in the index comes as the threat of a full-blown trade war between China and the United States has scuttled Chinese markets. Political stress has brought heavy losses in countries like Brazil, Turkey and Argentina, while a strong dollar- partly due to rising U.S. interest rates- has hit...

  • *Minister needs to reassure investors over economic policy. *Family ties raise questions over independence. ISTANBUL, Aug 15- Facing Turkey's gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.

  • NEW YORK, Aug 15- Michael Showalters path to success in Hollywood has as many plot twists as the movies he directs, which include the hit romantic comedy "The Big Sick." At 26 his hit MTV show "The State" was canceled, and soon he was living paycheck to paycheck. By his thirties he was sharing an inexpensive loft in Brooklyn with two roommates, but it was a downsizing that was...

  • NEW YORK/ CARACAS, Aug 15- Venezuela faces payments of $1.1 billion in interest and principal on two bonds maturing on Wednesday, but investors expect the cash-strapped nation to continue its pattern of no payments. The government of President Nicolas Maduro has halted almost all foreign debt payments, leaving Venezuela, which has a debt load of around $60...

  • LONDON, Aug 15- Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound salary after a group of the newspaper's reporters complained about his pay. Steve Bird, joint head of the National Union of Journalists at the newspaper, wrote to FT editors and journalists this month saying Ridding's pay was absurdly high and calling for him...

  • INDONESIA- The central bank has stepped up its battle to defend a beleaguered currency, raising interest rates for the fourth time since mid-May on Aug. 15 as Turkey's financial crisis ripples across emerging markets. ARGENTINA- The central bank ramped up its benchmark interest rate to 45 percent from 40 percent on Aug. 13 after the peso currency tumbled in...