×

CNBC Utilities Page Wires

  • ZURICH, June 25- Swiss drugmaker Roche's hopes of having the first immunotherapy cocktail to be approved as an initial treatment for an aggressive form of lung cancer remained intact on Monday after a trial showed positive survival data. The mixture also helped patients survive longer without their disease getting worse, Sandra Horning, Roche's chief...

  • TOKYO, June 25- Japan's Nikkei share average dropped on Monday as sellers targeted large caps including Fast Retailing and SoftBank as well as defensive stocks, while the mining sector outperformed after oil prices jumped on Friday. "The stronger yen is hurting sentiment, but what investors are selling primarily are the defensive names today, so the impact to...

  • PARIS, June 25- KLM and Delta Airlines have expressed their opposition towards possible plans to name Philippe Capron as the new head of Air France KLM, BFM Business reported on Monday. KLM, the Dutch airline part of the overall Air France KLM group, and Delta Airlines- which has an 8.8 percent equity stake in the company- were concerned over Capron's lack of...

  • *Jacques Saade set up the firm in 1978. PARIS, June 25- Jacques Saade, the Lebanese immigrant who founded French shipbuilding firm CMA CGM and oversaw its rise to become a leading global player in its sector, died aged 81 on June 24, the company said on Monday. Over the next decade, he launched a service linking northern Europe to Asia and opened the company's first...

  • *China, auto shares take the brunt of Trump's trade war. *Oil prices give up gains as OPEC agrees on output hike. European shares, which hit multi-week lows last week, were expected to extend declines, with financial spread-betters predicting Britain's FTSE and Germany's DAX would open 0.5 percent weaker, and France's CAC to open 0.6 percent down.

  • *CEO Wang Xing to remain controlling shareholder after IPO. HONG KONG/ SHANGHAI, June 25- China's Meituan-Dianping, an online food delivery-to-ticketing services platform, is bringing its sizable initial public offering to Hong Kong, where it aims to raise over $4 billion, three people with knowledge of the deal said. The firm filed plans late on Friday for the...

  • *Ten LME members see average profits rise of 30 pct. *Brokers benefit the most from high volumes, volatility. LONDON, June 25- Surging volumes and volatility in industrial metals so far this year, largely due to U.S. sanctions slapped on Russian aluminium producer Rusal, have been a major money-spinner for several brokers and banks after years of tepid market...

  • MELBOURNE, June 25- Australia's competition watchdog said on Monday it would appeal to the nation's high court for a ruling on whether Pfizer Inc used its market power to limit competition for its cholesterol-lowering drug Lipitor. Pfizer declined to comment on the commission's decision to appeal to the High Court. "The ACCC is seeking clarity from the High...

  • ALBANY, N.Y.— New York regulators are requiring credit reporting agencies to register with the state in the wake of last year's Equifax security breach that exposed the personal information of about 148 million Americans. Andrew Cuomo announced Monday that the state Department of Financial Services has issued new regulations aimed at protecting the...

  • PARIS, June 25- Jacques Saade, the Lebanese immigrant who founded French shipbuilding firm CMA CGM and oversaw its rise to become a leading player in its global sector, died on June 24, the company said on Monday. Saade, who was 81, set up the group after leaving Lebanon following the civil war in that country, starting off with four employees, a single ship and only one...

  • MELBOURNE, June 25- Australia's competition watchdog said on Monday it would appeal to the nation's high court for a ruling on whether Pfizer Inc used its market power to limit competition for its cholesterol-lowering drug Lipitor. "The ACCC is seeking clarity from the High Court on how to assess anti-competitive purpose, an important issue raised by this case,"...

  • Spot gold was 0.1 percent lower at $1,267.23 an ounce as of 0432 GMT, while U.S. gold futures were down 0.2. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of European Union- assembled cars. Trump also plans to bar many Chinese companies from investing in U.S. technology firms and block...

  • TOKYO, June 25- Japanese government bond prices dipped on Monday on caution ahead of an upcoming 20- year auction, although risk aversion in the broader markets curbed losses. The finance ministry will issue 1 trillion yen of 20- year JGBs on Tuesday. Japan's Nikkei was down 0.5 percent after the Wall Street Journal reported that U.S.

  • One's from Nucor, a mill in Arkansas. Another's from Steel Dynamics in Mississippi. The Commerce Department has been deluged with requests from 20,000 companies seeking exemptions.

  • *OPEC agrees to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.

  • BEIJING, June 25- China and the European Union aim to conclude talks on a bilateral investment agreement, Chinese Vice Premier Liu He said on Monday, as both sides agreed to oppose protectionism and defend the global multilateral trading system. China hopes the E.U. will take concrete steps to ease restrictions on European exports to China, said Liu in remarks in a...

  • BEIJING— Chinese regulators have freed up an extra $100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. "Against the tensions, China's latest reserve ratio reduction, while expected, serves as a counterbalance to the soft sentiment," said Jingyi Pan of IG in a report.

  • *HK-> Shanghai Connect daily quota used -2.8 pct, Shanghai-> HK daily quota used 1.2 pct. SHANGHAI, June 25- China stocks edged higher on Monday, though gains were capped as an expected reserve requirement ratio cut, freeing up for lending some capital that commercial banks have to hold as reserves, was largely offset by lingering trade fears. **Policymakers in China...

  • *OPEC agrees to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.

  • SYDNEY, June 25- The Australian corporate watchdog may need to play a bigger role in regulating agricultural finance given the absence of redress options for borrowers, a powerful public inquiry heard on Monday as it turned its focus to the country's $50 billion farm sector. The so-called Royal Commission's latest round of hearings is focusing on declining...