CNBC Utilities Page Wires

  • SYDNEY, Oct 24- Australia's life insurers will be required to publish customer dispute numbers every six months, top financial regulators said on Wednesday, as a misconduct inquiry threatens other reforms that could hurt industry profitability. For the first time, customers will be able to see comparable dispute and claims data of each insurer, helping to make...

  • Oct 24- Chicago soybean futures slid for a second session and corn lost ground on Wednesday, with prices for both crops weighed down as harvesting gathers pace in the United States. Wheat prices also fell, giving up last session's gains on forecasts of higher production in the Black Sea region. The most-active soybean contract on the Chicago Board of Trade had...

  • SINGAPORE, Oct 24- Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions starting next month on Iran's petroleum exports. Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh on Tuesday that despite expected...

  • NEW YORK, Oct 23- The Mega Millions drawing was held on Tuesday night with a record-setting $1.6 billion prize on line that has Americans dreaming of buying homes, cars, helping financially strapped friends and family and early retirement. Anyone who hits all six numbers to win the jackpot can choose an immediate cash payment of $904 million or receive the $1.6...

  • *Franc fails to rise vs euro despite Italy concerns. LONDON, Oct 23- Shaky global stocks and a recent spike in U.S. equity volatility have sounded a warning for investors eager to find assets offering shelter in case world markets go belly-up. The Swiss franc has gained two percent against the euro in 2018 but fallen since early September, despite an Italy-European...

  • *Crude sags after Saudi Arabia says it can increase supply. TOKYO, Oct 24- Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. Global stocks have suffered this week on...

  • MAZATLAN, Mexico, Oct 23- Hurricane Willa slammed into Mexico's Pacific coastline on Tuesday evening packing winds of 120 mph, buffeting buildings and dumping torrential rain on tourist resorts where thousands of people had moved to safety. Whipping palm trees, bending power lines and sparking floods, the center of Willa struck the coast near the town of Isla...

  • SHANGHAI, Oct 24- A second Westinghouse AP1000 nuclear reactor on China's eastern coast is now ready to go into full commercial operation after a week-long trial run, the project's operator said late on Tuesday. China gave the go-ahead to build four Westinghouse-designed AP1000 reactors in 2007. Westinghouse, owned by Japan's Toshiba, hoped China would serve...

  • *Spot gold was up 0.1 percent at $1,231.27 an ounce at 0102 GMT. *President Donald Trump said on Tuesday that Saudi authorities staged the "worst cover-up ever" in the killing of prominent journalist Jamal Khashoggi this month, as the United States vowed to revoke the visas of some of those believed to be responsible. *Washington will press ahead with a plan to quit a...

  • *Ford appoints Anning Chen as China CEO. BEIJING/ SHANGHAI, Oct 24- Ford Motor Co has appointed a new head of China operations to help turn around flagging sales in the world's largest auto market, filling a post that had been vacant since January after the firm's previous China chief suddenly quit. Anning Chen, a former chairman of Chery Jaguar Land Rover in China and...

  • LONDON, Oct 23- The global economic outlook is deteriorating, with a broad range of asset prices and real-time economic indicators pointing to either a slowdown in growth or an outright recession occurring in 2019.. South Korea's KOSPI-100 equity index has now fallen by almost 19 percent over the last year, the fastest rate of decline since the financial crisis...

  • MAZATLAN, Mexico, Oct 23- The center of Hurricane Willa moved over Mexico's Pacific coastline on Tuesday evening with winds of more than 100 miles per hour, buffeting buildings and dumping rain on tourist resorts where thousands of people had moved to safety. Willa, a Category 3 hurricane on the five-step Saffir-Simpson scale, veered inland near the town of...

  • SINGAPORE, Oct 24- Oil prices on Tuesday extended falls from the previous day, when crude slumped as much as 5 percent, after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions targeting Iran's petroleum exports from next month. Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh on Tuesday that despite...

  • Alphabet Inc's Google and Twitter Inc have introduced similar databases. Oil giant ExxonMobil has spent more than $2.1 million on Facebook ads since May, more than any corporation beside online petition service Care2.com Inc. ExxonMobil has promoted a campaign supporting offshore drilling and urged a "no" vote on a Colorado ballot measure that would limit...

  • Federal Reserve Today in Washington. 24- Oct United States Sale of 2- year floating rate notes 24- Oct United States Sale of 5- year notes 24- Oct Germany Auction of 5- year Federal notes 24- Oct Sweden Auction of Treasury bills 25- Oct United States Sale of 7- year notes 25- Oct Japan Auction of 2- year government bonds 25- Oct Sweden Auction of inflation-linked...

  • BRASILIA, Oct 23- Brazil's far-right presidential candidate Jair Bolsonaro saw his sizeable lead narrow slightly over leftist rival Fernando Haddad in a new Ibope election poll published on Tuesday, looking at voter intentions for Sunday's run-off vote. The poll showed Bolsonaro winning 57 percent of valid votes to Haddad's 43 percent, compared to 59...

  • BOSTON, Oct 23- A trade group representing top U.S. pension funds and asset managers, including BlackRock Inc and T. Rowe Price Group, will ask stock exchanges to limit how long companies may operate with unequal voting rights for shareholders. The move is meant as a compromise to solve one of the trickiest issues in American corporate governance, said Ken Bertsch,...

  • XUZHOU, China, Oct 24- In a former mining district in eastern China, authorities have shut dozens of pits and invested billions of yuan to resculpt the broken landscape, creating gardens, forest walks and wetland parks, as well as a small museum dedicated to coal. President Donald Trump said he was pulling the United States out of the Paris climate accord last year,...

  • Union Pacific, which connects 23 states in the western two-thirds of the United States, in April warned it was unlikely to achieve its profitability target in 2019 due to service problems and congestion on its rail network. In a memo, Omaha, Nebraska- based Union Pacific said it also would eliminate 200 contract positions. Additional cost-cutting efforts...

  • Oct 23- Kelly Coffey, the head of JPMorgan Private Bank, is leaving the company to take a new job, the Financial Times reported https://www.ft.com/content/76687fe8-d710-11e8-ab8e-6be0dcf18713 on Tuesday.