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CNBC Utilities Page Wires

  • SHANGHAI, April 20- Chinese e-commerce firm Alibaba Group Holding Ltd has acquired Chinese chip maker Hangzhou C-SKY Microsystems to underpin its cloud-based "internet of things" business, an Alibaba spokeswoman said on Friday. "Alibaba aims to empower different industries through our cloud-based IoT solutions, in which chips play a significant role.

  • SHANGHAI, April 20- China stocks fell on Friday to have their worst week in a month, amid lingering worries over the simmering trade tensions between China and the United States. **Caution prevailed as worries persisted over the trade stand-off between China and the United States. **The ZTE ban has ratcheted up tensions between China and the United States at a time...

  • LONDON, April 20- Barclays said Jes Staley will be fined by British regulators for attempting to unmask a whistleblower, but will be able to keep his job as the bank's chief executive. But the Financial Conduct Authority and the Prudential Regulation Authority were "not alleging that he acted with a lack of integrity or that he lacks fitness and propriety to...

  • PANAMA CANAL TO CARRY 30 MLN T OF LNG AS EARLY AS 2020, UP FROM 6 MLN T IN 2017- HEAD OF AUTHORITY.

  • TOKYO, April 20- The Panama Canal may carry five times as much liquefied natural gas in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal's governing agency told Reuters. Demand for LNG has risen significantly in the last three years as the increase of supply, especially from onshore...

  • MOSCOW, April 20- The Russian Finance Ministry bought 17.8 billion roubles of foreign currency on Wednesday, Russian central bank data showed on Friday. The central bank issues data on finance ministry purchases with a two-day delay. The finance ministry put its daily buying of foreign currency on hold on April 9 due to rouble weakness caused by U.S. sanctions.

  • SHANGHAI/ HONG KONG April 20- China Huarong Asset Management Co confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation's biggest bad debt manager on Friday. Reuters reported earlier this week, citing sources, that a senior banking regulator official would...

  • SINGAPORE, April 20- Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC- led supply cuts and strong demand gradually drawing down excess supplies. Brent crude oil futures were at $73.74 per barrel at 0657 GMT, down 4 cents from their last close. West Texas Intermediate crude futures were down 13 cents at $68.16 a barrel.

  • LONDON, April 20- Making senior employees directly accountable for their actions is one of the options in a new "toolkit" to combat the misconduct that has damaged public trust in financial services, a global regulatory body said on Friday. The Financial Stability Board, which coordinates financial regulation for the Group of 20 Economies, said misconduct had...

  • *PSA seeking union concessions in return for Opel investment. *Opel workers reject demands they waive 4.3 pct pay increase. *Merkel says PSA must stick to promises before Opel takeover.

  • LONDON, April 20- Making senior employees directly accountable for their actions is one of the options in a new "toolkit" to combat the misconduct that has damaged public trust in financial services, a global regulatory body said on Friday. The Financial Stability Board, which coordinates financial regulation for the Group of 20 Economies, said misconduct had...

  • LONDON, April 20- British consumer goods maker Reckitt Benckiser reported lower-than-expected quarterly sales growth on Friday, hurt by further weakness in its Scholl footcare business and negative pricing. Consumer packaged goods makers, under pressure to boost revenue, are having trouble raising prices, due in part to intense competition among big...

  • MOSCOW, April 20- Russian Energy Minister Alexander Novak said on Friday that OPEC and non- OPEC countries may ease oil production cuts as early as this year, TASS news agency reported.

  • SYDNEY, April 20- Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. Spreadbetters pointed to a firm start for European shares, with FTSE futures up 0.3 percent but E-Minis for S&P 500 were a tad softer...

  • MUMBAI, April 20- Indian bond yields spiked while the rupee dropped to its lowest in more than a year on Friday after minutes of the monetary policy committee's last meeting suggested it was likely to take a more hawkish stance- starting as early as June. "The MPC panel shifted to a neutral stance in the February 2017 policy meeting, so do we even have an accommodative...

  • *BOJ seen keeping policy on hold at April 26-27 meeting. TOKYO, April 20- Japan's factory output was expected to have slowed a little in March versus February, a Reuters' poll showed on Friday, but analysts see the expected dip as temporary with production returning to more vigorous growth in coming months. Analysts noted the Lunar New Year holidays slowed Japan's...

  • TOKYO, April 20- Japan's Nikkei share average edged lower on Friday morning as worries about slower smartphone demand hit technology shares, while financial stocks rallied thanks to higher U.S. yields. The Nikkei gave up 0.1 percent to 22,162.24. The index rose 1.8 percent for the week, its fourth straight week of gains.

  • JAKARTA, April 20- Indonesia has given Facebook a week to provide more information on how personal data of about one million of its citizens was misused and on the steps the company is taking to prevent such breaches, the country's communications ministry said. More than 115 million Indonesians use Facebook and authorities in the Southeast Asian country have...

  • EXCLUSIVE- LOCKHEED MARTIN TO PROPOSE HYBRID OF F-22 AND F-35 FOR JAPAN'S STEALTH FIGHTER PROGRAMME- SOURCES.

  • TOKYO, April 20- U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said. The decision on whether to release parts of the highly classified aircraft designs and software to help Japan stay ahead of Chinese advances will test...