CNBC Utilities Page Wires

  • SAO PAULO, March 25- The Brazilian government would be open to evaluating new hydro power projects in the Amazon region on their merits, as the administration shrugs off "ideological" interference in the licensing process, Environment Minister Ricardo Salles said on Monday. He cited the example of an un-built power line northern Brazil that would connect the...

  • *No formal decision on which job France will pursue. PARIS, March 25- France will push for the presidency of the European Commission rather than the European Central Bank when top EU jobs come up for negotiations later this year, three sources briefed on discussions over the matter said. Finance Minister Bruno Le Maire told the French Senate last week France would...

  • OSLO, March 25- Norsk Hydro, one of the world's largest aluminum producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company to shut several metal extrusion and rolled products plants, which transform aluminum ingots into components for carmakers, builders and...

  • *Banks to take just over 50 percent stake in Jet Airways. NEW DELHI/ MUMBAI, March 25- Jet Airways Chairman Naresh Goyal will step down from the board of the Indian carrier he founded 25 years ago, the company said on Monday, as part of a rescue deal led by state-run banks to save the airline from bankruptcy. Banks have moved in to take control of the airline after Jet...

  • March 25- Hackers targeted "hundreds of thousands" of Asustek computer owners by pushing a backdoor update software tool from the computer maker's own servers, cyber security firm Kaspersky Lab said https://securelist.com/threat-category/web-threats on Monday. The attack took place between June and November 2018, according to Kaspersky.

  • The U.S. Department of Agriculture's Food Safety and Inspection Service said https://www.fsis.usda.gov/wps/portal/fsis/topics/recalls-and-public-health-alert s/ r e c a l l- c a s e- a r c h i v e/ a r c h i v e/ 2 0 1 9/ r e c a l l- 0 3 4- 2 0 1 9- r e l e a s e late Thursday it had received two consumer complaints of extraneous material in Tyson's chicken strips and that there were no...

  • HOUSTON, March 25- The backlog of vessels waiting to move through the Houston Ship Channel grew on Monday while it remained closed to traffic for a third day as emergency workers attempted to clear a petrochemical spill from the Intercontinental Terminals Co storage facility in Deer Park, Texas, the U.S. Coast Guard said on Monday. Fuels spilled after a 10- foot...

  • ABIDJAN, March 25- Above-average rainfall in Ivory Coasts key cocoa regions last week will boost the April-September mid-crop, but dry spells in the country's center have raised concerns, farmers said on Monday. Ivory Coast, the worlds top cocoa producer, is entering the rainy season, which runs from mid-March to late October. They hope the mid-crop price will...

  • Spot gold had risen 0.5 percent to $1,320.94 an ounce by 1417 GMT, after touching its highest since Feb. 28 at $1,321.13. "The pullback in the stock markets, the dollar index and benign interest rates are helping gold prices," said George Gero, managing director at RBC Wealth Management. Political turmoil in Britain over the country's exit from the European Union,...

  • HOUSTON, March 25- The backlog of vessels waiting to move through the Houston Ship Channel grew on Monday while it remained closed to traffic for a third day as emergency workers attempted to clear a petrochemical spill from the Intercontinental Terminals Co storage facility in Deer Park, Texas, the U.S. Coast Guard said on Monday. Fuels spilled after a 10- foot...

  • GLOBAL SETTLEMENT OF MORE THAN 25,000 CASES WILL BE SPLIT EQUALLY BETWEEN COMPANIES.

  • The consortium, which includes UK- based Apax Partners, U.S.-based Warburg Pincus and two Canadian pension funds, is betting in part on Inmarsat's reputation for selling faster and more reliable in-flight Wi-Fi to commercial airlines worldwide. Inmarsat shareholders will get $7.21 cash, or 546 pence per share. Inmarsat does not expect regulators to pose...

  • March 25- Canada's main stock index extended losses on Monday from its sharpest decline this year in the previous session, as investors fled riskier assets on concerns over a softening global economy. *At 9:59 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 50.65 points, or 0.31 percent, at 16,038.68. *The materials sector added 0.6 percent...

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. LONDON, March 25- Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC's production cuts and U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.94 per barrel, down 9 cents or 0.13 percent at 1355 GMT, while U.S.

  • WASHINGTON, March 25- The U.S. Supreme Court on Monday rejected a bid by online shoe retailer Zappos to throw out a class-action lawsuit by customers who said their personal information was stolen by hackers in 2012.. The justices denied an appeal by Zappos, a subsidiary of Amazon.com Inc, of a ruling by a California- based federal appeals court that revived the...

  • *Canada's yield curve inverts further. The price of oil, one of Canada's major exports, fell as growth concerns overshadowed support from tighter supply. Canada's 10- year yield traded 1.9 basis points further below the yield on the 3- month T-bill to a spread of -7.2 basis points.

  • DUBAI, March 25- Bahrain's liquefied natural gas terminal will start commercial operations in May, with the first LNG shipment to be imported mostly from the UAE's ADNOC, state media quoted the CEO of Bahrains National Oil and Gas Authority as saying. Bahrain LNG is the developer of the receiving and regasification terminal within the Khalifa bin Salman Port...

  • BERLIN, March 25- German Foreign Minister Heiko Maas said on Monday he still hoped for a majority of British lawmakers to back a withdrawal agreement with the EU which would lead to an orderly Brexit.

  • PRAGUE, March 25- Broadcaster Central European Media Enterprises said on Monday that it has launched a review of strategic options including possibly selling the company. Its net debt dropped to $765 million by the end of last year from $1.1 billion in 2017.. It said it had hired Allen& Company LLC and BofA Merrill Lynch as financial advisors, and Covington&...

  • ROME, March 25- Paul Surridge said on Monday he would resign from his position as creative director of Italian fashion house Roberto Cavalli, confirming press rumours about his imminent exit. The designer, who joined the Florentine label in 2017, said in an Instagram post he wished to "focus on other projects that I put aside in order to achieve our common goals...