CNBC Utilities Page Wires

  • PARIS, Feb 19- Raw sugar futures on ICE climbed to a 3-1/ 2 month high on Tuesday in the wake of a similar peak for white sugar in London, as a technically driven rally continued, while coffee lost more ground and cocoa also eased. *March raw sugar was up 0.17 cents, or 1.3 percent, at 13.36 cents per lb by 1621 GMT, its highest since Nov. 5 and surpassing Friday's one-month high...

  • Feb 19- Medtronic Plc beat analysts' estimates for quarterly profit on Tuesday, boosted by sales of its surgical products, and the largest U.S. standalone medical device maker raised the upper end of its full-year earnings forecast. The minimally invasive therapies business, which makes surgical instruments such as those used to treat hernias and kidney...

  • *Sterling gains on upbeat UK wage growth data. NEW YORK, Feb 19- The dollar on Tuesday fell against a basket of other currencies as traders scaled back their safe-haven greenback holdings on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict. "We are hoping to hear more positive news on trade," said Dean...

  • Feb 19- A strong U.S. economy boosted Walmart Inc's holiday-quarter sales growth to the best in a decade, lifted by consumer spending in key categories like groceries and increased e-commerce purchases. Shares of the world's larger retailer rose nearly 4 percent on Tuesday and were up 7 percent so far this year. We haven't seen much of a change, "Walmart Chief...

  • SUPREME COURT DECLINES TO BLOCK RULING ALLOWING GENERIC VERSION OF INDIVIOR PLC'S SUBOXONE FILM THAT TREATS OPIOID ADDICTION.

  • BERLIN, Feb 19- Germany's government is still in talks on whether China's Huawei will be allowed to participate in building the country's high-speed internet infrastructure, German Economy Minister Peter Altmaier said on Tuesday. The Wall Street Journal report said that the decision to give Huawei's involvement in Germany's 5 G network the go-ahead was due...

  • NEW YORK, Feb 19- U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday. Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer Expectations conducted in December...

  • SPOT GOLD RISES 1 PERCENT TO $1,339.37 PER OUNCE.

  • LONDON, Feb 19- Copper prices touched the highest in more than two months on Tuesday due to a weaker dollar and hopes that the United States and China would forge a trade deal. A new round of talks between the United States and top metals consumer China take place in Washington on Tuesday aimed at resolving a trade war that has weighed on metals prices for a year.

  • BERLIN, Feb 19- Britain has urged Germany to exempt big defence projects from its efforts to halt arms sales to Saudi Arabia or face damage to its commercial credibility, the German magazine Der Spiegel reported on Tuesday. Germany said last November it would reject future arms export licences to Saudi Arabia over the killing of Saudi journalist Jamal...

  • WASHINGTON, Feb 19- The U.S. Supreme Court on Tuesday agreed to consider limiting the scope of a landmark law aimed at curbing water pollution in a dispute pitting environmentalists against local authorities in Hawaii over a wastewater treatment plant. The San Francisco- based 9th U.S. Circuit Court of Appeals found that a Clean Water Act program requiring...

  • BEIJING, Feb 19- China will deepen reforms of its agriculture sector to promote its rural economy, the government said in its first policy statement of 2019, as it seeks to bolster growth and offset trade challenges. China has been overhauling its crop structure in recent years, reducing support for corn after stocks ballooned, and seeking to promote more...

  • BRUSSELS, Feb 19- The recapitalisation of Germany's NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday. "There are good reasons to believe the rescue of NordLB involved state aid," German green EU lawmaker Sven Giegold told Reuters on...

  • *2018 revenue $1.3 bln, down from $1.39 bln in 2017. JERUSALEM, Feb 19- Israeli chip manufacturer TowerJazz said it expects its main business units to grow further this year, despite macro-economic headwinds facing the sector, lifting its shares. Although chief executive Russell Ellwanger declined to give a full-year forecast after TowerJazz reported 2018...

  • TORONTO, Feb 19- The Canadian dollar weakened against its U.S. counterpart on Tuesday as an uncertain outlook for global trade offset the lift from the highest crude oil prices in nearly three months. A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher...

  • *U.S.- China trade talks to resume in Washington. Feb 19- U.S. stocks struggled for direction on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. "We had a fairly good rally on Friday and there is a hint of profit-taking before the resumption of the trade talks," said Peter Cardillo,...

  • Feb 19- Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. *Investors will keep an eye on the latest round of trade talks between the United States and China in the hopes that the two countries will hammer out a deal to end their protracted tariff war. *At 9:41 a.m. ET, the Toronto Stock...

  • OSLO, Feb 19- Norwegian Air's shareholders overwhelmingly endorsed on Tuesday the lossmaking airline's plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said. Norwegian Air said on Jan. 29 it would raise 3 billion Norwegian crowns in a rights issue, just days after British Airways owner IAG ruled out a bid for the budget...

  • recover@ Feb 19- Latin American currencies strengthened on Tuesday amid increased risk appetite for assets in the region as the dollar softened with investors tracking the next round of trade talks between the United States and China. A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday,...

  • WASHINGTON, Feb 19- The U.S. Supreme Court on Tuesday rejected Maryland's bid to revive a law aimed at preventing price gouging by pharmaceutical companies, dealing a setback to the power of states to rein in prescription drug costs. The justices declined to take up Maryland's appeal of a 2018 federal appeals court ruling that struck down the state's law, That...