CNBC Utilities Page Wires

  • *Shanghai shares hit 8- week high, up 1.3 pct. TOKYO, Sept 26- Asian shares inched up on Wednesday, as Chinese stocks extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China's weighting in the global benchmark will be increased. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent.

  • Sept 25- The U.S. apartment vacancy rate inched up in the third quarter, real estate research firm Reis Inc said in a report on Tuesday. The national apartment vacancy rate rose to 4.8 percent in the third quarter from 4.7 percent in the second quarter and 4.4 percent a year earlier, with 45 of 79 metros reporting a rise in vacancy, Reis said. "The passing of the Tax Reform...

  • BEIJING, Sept 26- China and the United States can compete but should not view each other with a Cold War mentality and should avoid falling into a zero-sum game trap, the Chinese government's top diplomat said, amid deteriorating ties between the superpowers. Beijing and Washington are locked in an increasingly bitter trade war and are increasingly at odds over...

  • TOKYO, Sept 26- Japan's Nikkei fell on Wednesday morning, snapping a seven-day winning streak as high-yielders such as automakers traded ex-dividend, while chip-related stocks were hit by weakness in their U.S. peers overnight. Analysts said that the market is focused on the outcome of a scheduled summit between Japanese Prime Minister Shinzo Abe and U.S.

  • PUTRAJAYA, Malaysia— The wife of Malaysian former Prime Minister Najib Razak arrived Wednesday at the anti-graft agency for questioning over alleged theft and money laundering involving the 1 MDB state investment fund. Rosmah, 66, is widely reviled for her opulent lifestyle and penchant for expensive jewelry and designer Birkin bags that led to her being...

  • The most-active soybean futures on the Chicago Board Of Trade gained 0.7 percent to $8.51-1/ 2 a bushel by 0212 GMT, having climbed on Tuesday to $8.58 a bushel, the highest since Aug. 24. "The current U.S. prices show a significant discount to South American beans to the point where sales hypothetically would work into China even with the tariffs."

  • MELBOURNE, Sept 26- The union at Alcoa's aluminum operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. "is meeting with Alcoa this Wednesday to discuss a resolution to the dispute," said Australian Workers'...

  • MELBOURNE, Sept 26- The union at Alcoa's aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. "is meeting with Alcoa this Wednesday to discuss a resolution to the dispute," said Australian Workers'...

  • BANGKOK— Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in an update of its regional economic outlook report. Overly high housing prices also are risks for China, Hong Kong, Malaysia and South Korea, it said. But it said the bigger...

  • *Aussie, kiwi gain on New Zealand business sentiment figures. President Donald Trump and Japanese Prime Minister Shinzo Abe due in New York later on Wednesday to see if the two countries have made progress on how to promote bilateral trade following a round of trade negotiations. "In the trade dispute, China and the United States have made no real progress on...

  • *DELTA AIR LINES SAYS HAVE RESTORED ALL IT SYSTEMS AFTER TECHNOLOGY ISSUE BRIEFLY AFFECTED SOME OF SYSTEMS THIS EVENING.

  • MANILA, Sept 26- Developing Asia could grow more slowly than previously thought next year as the U.S.- China trade war inflicts collateral damage on the region's export-reliant economies, the Asian Development Bank said on Wednesday. The Manila- based institution kept its 2018 economic growth estimate for the region at 6.0 percent in an update of its Asian...

  • FEDERAL AVIATION ADMINISTRATION SAYS PUT IN A GROUNDSTOP AT DELTA'S REQUEST; GROUNDSTOP REMAINS IN PLACE FOR ATLANTA AIRPORT ONLY Source text: http://bit.ly/2N4jpwi Further company coverage:.

  • FEDERAL AVIATION ADMINISTRATION SAYS PUT IN A GROUNDSTOP AT DELTAS REQUEST; GROUNDSTOP REMAINS IN PLACE FOR ATLANTA AIRPORT ONLY.

  • DELTA AIR LINES SAYS HAVE RESTORED ALL IT SYSTEMS AFTER TECHNOLOGY ISSUE BRIEFLY AFFECTED SOME OF OUR SYSTEMS THIS EVENING.

  • DELTA AIR LINES IN REPLY TO A TWEET ON TECHNOLOGY ISSUE SAYS "SEEING ALL SYSTEMS RETURNING TO NORMAL OPERATIONS".

  • NEW YORK— CBS says it has named media industry veteran Richard Parsons as interim chairman of the board as the company moves to reshape itself following the ouster of longtime chief Les Moonves. He was added to the board of CBS earlier this month along with five others as the company pursues an independent investigation into Moonves. CBS also said Tuesday that...

  • *Spot gold was down 0.1 percent at $1,200.18, as of 0057 GMT. *U.S. consumer confidence surged to an 18- year high in September as households grew more upbeat about the labour market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China. *Although gold is generally considered to be a...

  • TOKYO, Sept 26- Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for...

  • TOKYO, Sept 26- Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices. "We will ensure prior to the reimposition of our sanctions that we have a well supplied oil market,"...