CNBC Utilities Page Wires

  • Thailand, Indonesia and Malaysia, which together form the Tripartite Rubber Council, had earlier this month said they would cut rubber exports by a total of 240,000 tonnes for four months from April under the so-called Agreed Export Tonnage Scheme, looking to boost flagging prices. However, officials from Indonesia and Malaysia on Monday said Thailand would...

  • FED'S WAIT-AND-SEE APPROACH IS PRUDENT, GIVEN HEIGHTENED UNCERTAINTY, EVANS SAYS.

  • EVANS SAYS, GIVEN HOW MUTED INFLATION HAS BEEN, A RISE TO 2.25 PCT OR 2.5 PCT' NOT A BIG CONCERN'.

  • HONG KONG, March 25- With downside risks looming and uncertainties rife, the U.S. Federal Reserve is prudent to wait for more economic data before deciding whether its next move will be to raise rates, or cut them, Chicago Fed Bank President Charles Evans said on Monday. Fed Chairman Jerome Powell cited low inflation, a slowing global economy and risks like U.S. trade...

  • FED'S EVANS SAYS FUNDAMENTALS FOR U.S. GROWTH LOOK GOOD.

  • EVANS SAYS HE IS OPEN-MINDED ON BALANCE SHEET COMPOSITION, NEED TO WEIGH COSTS AND BENEFITS.

  • EVANS SAYS POLICY MAY NEED TO BE LOOSENED, IF ECONOMY SOFTENS OR INFLATION RUNS TOO LOW.

  • EVANS SAYS HE SEES 1.75 PCT TO 2 PCT U.S. GDP GROWTH THIS YEAR.

  • TOKYO, March 25- Japanese government bond prices rose across the board, driving the benchmark 10- year yield to a 31- month low, as concerns towards a widespread economic slowdown mounted and boosted safe-haven debt. Stocks across Asia retreated on Monday, tracking global peers, after weaker-than-expected U.S. and European manufacturing data on Friday...

  • BEIJING, March 25- China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington's complaints in the Sino-U.S. trade war. But China will continue to encourage higher-value production, he said. In his speech, Miao did not touch...

  • March 25- Gold rose on Monday as investors' appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth, increasing appeal for the bullion alongside yen and bonds. Spot gold was up 0.2 percent at $1,316.11 per ounce as of 0422 GMT, while U.S. gold futures gained 0.3 percent to $1,315.80 an ounce.

  • *HK-> Shanghai Connect daily quota used -7.8 pct, Shanghai-> HK daily quota used 3.1 pct. SHANGHAI, March 25- China and Hong Kong stocks fell on Monday, tracking a global selloff, as investors ditched shares and fled to the safety of bonds on growing fears about a U.S. recession. **A weaker-than-expected Markit PMI reading of U.S. factory activity in March, along with...

  • HONG KONG, March 25- Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook. In what many see as a bad omen for the U.S. economy, yields on benchmark U.S. 10- year treasury notes fell further below...

  • BEIJING/ SINGAPORE, March 25- Most base metals fell on Monday, with Shanghai copper heading for its biggest drop since August, as investors worried about the prospect of a recession in the United States, the world's biggest economy. That reflects how Chinese investors understand about the copper market, "said Helen Lau of Argonaut Securities.

  • *OPEC, Russia crude output: https://tmsnrt.rs/2CHr95d. SINGAPORE, March 25- Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC's production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, or 0.7...

  • HONG KONG, March 25- Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattens, though he was still confident that the U.S. economy was growing at a good rate. Evans was speaking to CNBC on the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong.

  • TOKYO, March 25- The yen gained against its peers on Monday, touching a six-week peak versus the dollar, as fears in markets of a global economic slowdown fuelled demand for the Japanese currency. Stocks across Asia retreated, tracking global peers, after weaker-than-expected U.S. and European manufacturing data on Friday intensified fears of a global economic...

  • BEIJING, March 25- China will reduce the government's direct intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to soothe concerns about its industrial policy, core to Washington complaints in the Sino-U.S. trade war. In his speech, Miao did not touch on the so-called "Made in China 2025" plan, an initiative intended to...

  • *Ethiopian Airlines questions disclosure of "aggressive software". *FAA has not yet signed off on software fix. Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about "aggressive" software that pushes the plane's nose down, a focus of investigation into a deadly crash in Ethiopia this month that led to the...

  • The most active corn futures on the Chicago Board of Trade were up 0.3 percent at $3.79-1/ 4 a bushel by 0202 GMT, having gained 0.5 percent in the previous session when prices marked their highest since Feb. 8 at $3.80-3/ 4 a bushel. The U.S. Department of Agriculture announced corn sales totalling 300,000 tonnes to China on Friday- the largest purchase by Beijing in...