CNBC Utilities Page Wires

  • *Oil majors boost London's FTSE 100. *Thomas Cook surges on possible takeover bid. The pan-European STOXX 600 index fell 0.3 percent by 0930 GMT after seven straight sessions of gains, with all major indices in the red except oil major-heavy London's FTSE 100 which rose 0.4 percent.

  • SINGAPORE, April 23- Singapore Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, strengthening expectations he will take over as the next leader of the wealthy city-state. The ruling People's Action Party last year named Heng to a key leadership post, a move seen as putting the 57- year-old former head of the central bank in line to...

  • STOCKHOLM, April 23- Swedish medical technology group Getinge reported on Tuesday a bigger rise than expected in first-quarter core profit and announced new restructuring measures, sending its shares up. It is also subject to a fraud investigation in Brazil and lawsuits in the United States and Canada. "The gross margin is continuing to move in the right...

  • DUBLIN, April 23- A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year. After China's economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period,...

  • BEIJING, April 23- China's national space agency said on Tuesday it will soon announce rules to regulate commercial rocket manufacturing, test flights and launches, state media reported, as the number of private startups in the nascent sector surged in the past year. A space law has been included in the legislative plan of parliament, and could be introduced in...

  • AMSTERDAM, April 23- Dutch supermarket group Ahold warned on Tuesday that a strike its Stop& Shop chain in the United States would hurt its underlying 2019 profit margin, as it missed out on around $200 million on Easter week sales. Ahold shares were 3.3 percent lower at 21.31 euros by 0854 GMT. The strike involved 30,000 workers in Connecticut, Massachusetts and...

  • *Oil surges; U.S. to end Iran export sanction waivers. *Sri Lanka markets fall after Easter Sunday attacks. LONDON, April 23- Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers.

  • BEIJING, April 23- Profits earned by China's state-owned firms in the first three months of the year rose 15.6 percent from the same period a year earlier, the Ministry of Finance said on Tuesday. Total profits stood at 819.77 billion yuan in the period, while revenue increased 8.9 percent to 14 trillion yuan. State firms' liabilities increased 8.8 percent on an...

  • SEOUL, April 23- Samsung Electronics is retrieving all Galaxy Fold samples distributed to reviewers, a person with direct knowledge of the matter said on Tuesday, as the firm smarts from the reputational blow of postponing the launch of its first foldable smartphone. The South Korean tech giant met with embarrassment ahead of the device's U.S. release on April...

  • April 23- Emerging market stocks dipped on Tuesday, and Chinese shares were seen weakening further on concerns of Beijing trimming support to an economy whose recent performance has beaten expectations. Brokerage Shanxi Securities said it had seen a clear move towards marginal tightening and it was expecting more "corrections" as the stock market reacted.

  • *China Enterprises index HSCE falls 0.32 pct. April 23- Shares in Hong Kong ended unchanged on Monday after a long holiday weekend, while H-shares lagged as a promise of policy fine-tuning from a top-level meeting chaired by President Xi Jinping added to investor worries over a slower pace of easing in China. **H-shares followed mainland indexes lower after the...

  • LONDON, April 23- British households reported the strongest growth in at least a decade in their earnings from work, a survey showed on Tuesday, suggesting that consumers and their spending can keep on supporting the economy during the Brexit crisis. "Households also moderated their concerns over job security, supporting a more relaxed approach to overall...

  • April 23- Saudi Arabia's stock market rose on Tuesday, lifted by a string of corporate earnings announcements for the first quarter, while real estate shares weighed on the Dubai index. Saudi Arabia's index climbed 0.4 percent, with Riyad Bank gaining 3.2 percent to reach its highest in 13 years. Saudi British Bank rose 1.5 percent after the Capital Market...

  • LONDON, April 23- Sterling was stuck under $1.30 on Tuesday as Britain's parliament returned from its Easter break and the ruling Conservative party tried to move talks forward with the opposition Labour party over a Brexit agreement. Volatility in sterling has fallen sharply in recent weeks after the European Union and London agreed to delay Britain's...

  • HONG KONG/ SINGAPORE, April 23- Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island's economy and financial markets, and potentially force it to seek further IMF assistance. The International Monetary Fund extended last month a $1.5 billion loan for an extra year...

  • *Amazon, Monoprix to extend Prime Now outside Paris. The move, which follows an initial co-operation between Casino's upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a bigger deal later on. The deal, unveiled on Tuesday, will see Amazon lockers installed in 1,000 locations across France in nine of Casino's brands,...

  • The pan-European STOXX 600 index edged lower after seven straight sessions of gains by 0737 GMT, with all major indices in the red except oil major-heavy London's FTSE 100 which moved marginally higher. Belgium's Melexis, which supplies semiconductor solutions for cars, slipped 6 percent after first quarter net income tumbled and the company said it expects...

  • Champs-Elysees Paris

    French supermarket retailer Casino said it was beefing up its partnership with tech giant Amazon following the success of an earlier deal between its Monoprix supermarket chain and Amazon in Paris.

  • LONDON, April 23- The London Metal Exchange on Tuesday launched an initiative that could see it ban or delist brands that are not responsibly sourced by 2022.. The LME said its proposed rules would require all brands to undertake a "Red Flag assessment" based on guidelines set by the Organisation for Economic Co-operation and Development by the end of 2020..

  • FTSE 100 up 0.2 pct. April 23- London's FTSE 100 opened higher on Tuesday as oil majors surged on an imminent end to the United States' Iran sanction waivers, while tour operator Thomas Cook jumped after a report that several bidders were interested in its assets. The FTSE 100 rose 0.2 percent to hit a fresh 6- month high, while the FTSE 250 had eased 0.1 pct by 0717 GMT.