CNBC Utilities Page Wires

  • The ongoing public battle between Tesla's chief executive and the SEC piles pressure on Musk, the public face of Tesla, who is struggling to make the company profitable after cutting the price of its Model 3 sedan to $35,000. The SEC said a Feb. 19 tweet that Musk sent to his more than 24 million Twitter followers claiming the electric vehicle-maker would build...

  • SINGAPORE, March 19- Copper and aluminum prices ticked up on Tuesday, supported by China's announcement to cut tax for manufacturers from next month to boost growth in the world's second-largest economy. *Three-month copper on the London Metal Exchange rose 0.3 percent to $6,440.5 a tonne by 0122 GMT, while the most-traded copper contract on the Shanghai...

  • SINGAPORE, March 19- Copper and aluminium prices ticked up on Tuesday, supported by China's announcement to cut tax for manufacturers from next month to boost growth in the world's second-largest economy. *Three-month copper on the London Metal Exchange rose 0.3 percent to $6,440.5 a tonne by 0122 GMT, while the most-traded copper contract on the Shanghai...

  • NEW DELHI/ BHUBANESWAR, March 19- A protester and a policeman died in clashes outside Vedanta Ltd's eastern Indian alumina refinery, a police official said on Monday, less than a year after police killed 13 anti-Vedanta protesters in south India. Maheswar Pati, a protester, told Reuters the state's industrial security force personnel attacked the people...

  • SPOT PALLADIUM HITS RECORD HIGH OF $1,586.02 AN OUNCE.

  • SEATTLE, March 18- Boeing Co Chief Executive Dennis Muilenburg, facing the biggest crisis of his tenure, said on Monday that the company understands "lives depend on the work we do" and was taking steps to "fully ensure" the 737 MAX safety in the wake of deadly crashes. Muilenburg also said a software upgrade for the 737 MAX aircraft that the planemaker started in the...

  • As floodwaters began to recede in much of the area inundated by the aftermath of a storm dubbed a "bomb cyclone," Nebraska officials were taking in the damage in a state where 64 of the 93 counties have declared emergencies. State officials said on the call that 290 people had been rescued by the Nebraska State Patrol, National Guard troops, and urban search and...

  • *Ethiopia and France see similarities with Indonesia crash. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar" to that of the Lion Air jet that went down off Jakarta in October, killing 189 people, a person familiar with the investigation said. "If that's the case, that does raise the possibility that there is a similar occurrence...

  • LOS ANGELES, March 18- Netflix Inc, the world's dominant streaming service, will not make its TV shows and movies available through Apple Inc's upcoming video offering, Netflix Chief Executive Reed Hastings said on Monday. "We prefer to let our customers watch our content on our service," Hastings told reporters at the company's offices in Hollywood.

  • *Investors' immediate focus on Germany's ZEW expectation index. TOKYO, March 19- The dollar was under pressure on Tuesday, weighed by growing expectations the Federal Reserve would shift to a more accommodative policy stance this week and concerns about slower U.S. economic growth. Masafumi Yamamoto, chief currency strategist at Mizuho Securities, said while...

  • WASHINGTON, March 18- Far-right Brazilian President Jair Bolsonaro, on his first official visit to Washington, declared himself an unabashed admirer of the United States and said he was seeking a new era of close relations after what he called decades of anti-American leaders. An outspoken Trump admirer, Bolsonaro took power in January, vowing to realign...

  • *Wall St advance, dollar flat as traders brace for a dovish Fed. MSCI's broadest index of Asia-Pacific shares outside Japan was virtually flat, just a hair away from the highest level since Sept. 21. Yet there is a risk the Fed could tone down its dovishness, "said Masanari Takada, cross-asset strategist at Nomura Securities.

  • The fraud settlement between Musk, Tesla and the SEC resolved a lawsuit brought by the regulator over claims Musk made on Twitter in August that he had "funding secured" to take Tesla private at $420 per share. The SEC called those tweets "false and misleading" and a go-private deal never materialized. "It is therefore stunning to learn that, at the time of filing of the...

  • Firefighters were making progress seeking to contain the blaze at Intercontinental Terminals Co, with the number of giant storage tanks on fire reduced to six from seven earlier, said ITC spokeswoman Alice Richardson. Nearby residents were encouraged to remain indoors by the city of Deer Park, which lifted a shelter-in-place order for all residents imposed...

  • LOS ANGELES, March 18- Netflix Inc will not make its programming available through a coming TV service expected to be unveiled by Apple Inc, Netflix Chief Executive Reed Hastings said on Monday.

  • 19- Mar Japan 1- year discount bill auction 19- Mar Japan Auction of 20- year government bonds 20- Mar Germany Auction of 5- year Federal notes 20- Mar Portugal Auction of Treasury bills 21- Mar Sweden Auction of inflation-linked government bonds 21- Mar France Index-linked Securities auction 21- Mar Spain Bond Auction 22- Mar Japan 3- month discount bill...

  • LONDON- Bank of England's Member of the Financial Policy Committee, Richard Sharp, to deliver a speech at Cass Business School 1830 GMT. VERSAILLES, France- Participation by ECB's chief economist, Peter Praet, in a panel discussion on "Twenty Years of the Euro: Challenges and Opportunities Ahead" at the HSBC' AAA' conference in Versailles, France- 0935 GMT.

  • LONDON, March 19- Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound growth sector just as EU states step up competition. The Fuelling Fintech report from TheCityUK, which promotes Britain as a financial centre, and recruitment firm Odgers...

  • LONDON, March 18- Hedge fund managers have become more cautious about buying oil since the end of February as doubts about the global economy resurface, dampening expected price rises from OPEC- led production cuts and U.S. sanctions on Iran and Venezuela. Although hedge funds and other money managers were net buyers of 5 million barrels of Brent crude futures...

  • MEXICO CITY, March 18- Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil refinery, officials said on Monday, as President Andres Manuel Lopez Obrador seeks to fast-track one of his signature projects. The facility would be owned by Mexico's national oil company, Pemex, becoming its seventh...