CNBC Utilities Page Wires

  • SEOUL, Nov 14- South Korea's top financial regulator said Samsung BioLogics Co Ltd had intentionally breached accounting rules ahead of its 2016 listing, leading to a suspension in trading of the biotech firm's shares and a review of its listing status. The Financial Services Commission, which has been reviewing the matter after a complaint by an activist...

  • STRASBOURG, Nov 14- European Union lawmakers on Wednesday backed a 35- percent cut in carbon dioxide emissions from new trucks by 2030 in a push for tougher laws to limit climate change, despite industry concerns. The target passed by 349 votes to 307. The European Parliament also set a 20- percent reduction target by 2025 in the first CO2 standard for trucks in the...

  • BENGALURU, Nov 14- Euro zone growth will bounce back to a faster yet still modest pace this quarter, allowing the European Central Bank to stop buying bonds next month as planned, despite economic and political fears, a Reuters poll found. That comes despite a trade war between the U.S. and China that shows no signs of letting up, as well as political turmoil in Italy...

  • Smiths Medical, which has 8,050 employees, has been hit by delays in product launches, a loss of certifications under new regulations and two contract cancellations in the United States. Chief Executive Andy Reynolds said on a call that all options were being considered for the medical unit, which analysts said could either be sold or separately listed.

  • MOSCOW, Nov 14- Prices for oil may dip even lower in the short term but the situation looks more stable in the medium and longer term, Economy Minister Maxim Oreshkin said on Wednesday, Interfax news agency reported.

  • *Nordic front-quarter baseload power contract rose 0.5 euro to 53.30 euros per megawatt hour at 1135 GMT. *Nordic front-year contract lost 0.15 euro to 42.10 euros/ MWh. *The Nordic power price for next-day physical delivery, or system price, fell 2.63 euro to 47.76 euros per MWh at an auction on the Nord Pool exchange.

  • *USDA pegs soybean, corn harvest behind market expectations. Wheat firmed as traders assessed a mixed crop picture, with the USDA saying U.S. planting was slow but crop conditions were favourable. The USDA said after the market close on Tuesday that 88 percent of the U.S. soybean harvest was complete, behind forecasts of 91 percent and under the five-year average...

  • Nov 14- The U.S. National Transportation Safety Board is set to hold an investigative hearing on Wednesday about a midair incident in April during which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger. Dallas- based Southwest has been under intense scrutiny in the months since an engine on a flight headed from New...

  • ADDIEVILLE, Ill., Nov 14- Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. The wooing of such a tiny market underscores the depth of U.S. farmers problems after losing their biggest customer, China, to a global trade war. China bought about 32 million tons...

  • *China retail sales growth slows, industrial output rises. LONDON, Nov 14- Base metals eased slightly on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. "It has a bit to do with the negative reaction to retail sales in China and that stock markets there had been down and...

  • Net profit at China's biggest gaming and social media group in the July-September quarter rose to 23.3 billion yuan, compared with an average estimate of 19.32 billion yuan, according to 15 analysts polled by to I/B/E/S data from Refinitiv. China, the world's biggest gaming market, has been imposing tougher rules on the industry, including a halt to new game...

  • *Italy sticks to growth, deficit plans in revamped budget. LONDON, Nov 14- Italian bond yields hit three-week highs on Wednesday, widening the gap over top-rated German peers, after Italy re-submitted its 2019 budget to the European Commission with unchanged growth and budget deficit assumptions but falling debt targets. Yields on higher-rated bonds in the...

  • *Silver matches its lowest since Jan. 21, 2016. Spot gold was down 0.2 percent at $1,200.18 per ounce at 1121 GMT. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session.

  • LONDON, Nov 14- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied towards $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels...

  • *Budapest, Warsaw stocks reverse early falls. BUDAPEST/ WARSAW, Nov 14- Central European currencies eased on Wednesday as robust economic growth data from the region highlighted inflation concerns which central banks are unlikely to rush to tackle, given a contraction in Germany, the region's largest trade partner. Data from Hungary, Romania and Slovakia...

  • LONDON, Nov 14- Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consumption that is at risk from a slowing economy, the International Energy Agency said on Wednesday. For the first half of 2019, based on its outlook for non- OPEC production and global demand, and assuming flat OPEC production, the IEA said the...

  • BAGHDAD, Nov 14- Iraq, a major Middle Eastern grain buyer traditionally reliant on U.S. imports, will send a delegation to Russia in December to discuss the possibility of importing wheat, its new trade minister said on Wednesday. The minister also said Iraq would work towards maintaining a three-month reserve of grains with larger funding.

  • The companies can thank the end of a Department of Labor regulation known as the fiduciary rule. Total annuity sales were $59.5 billion during the quarter ending April 30, according to Limra Secure Retirement Institute. But the rule effectively died in June, when the Trump administration declined to pursue a U.S. Supreme Court appeal that might have kept it...

  • MIAMI, Nov 14- Ford Motor Co, Walmart Inc and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. Ford was working with San Francisco- based Postmates already to develop delivery services that could employ...

  • *Drought, white grub infestation to cut India sugar output. *India sugar exports to fall on lower output. KARAD, India, Nov 14- India is likely to produce 7.4 percent less sugar than forecast earlier as mills are reporting a sharp drop in sugar cane yields due to a drought and white grub infestations in key growing areas, a senior industry official told Reuters.