CNBC Utilities Page Wires

  • Exports of copper and copper products, including cathodes, were $1.07 billion in the period from April 2018 to March 2019, down from $3.48 billion in the 2017/ 18 fiscal year, according to data from the India's Engineering Export Promotion Council, which is supported by the country's trade ministry. Overall copper exports from India during the April 2018 to March...

  • *Riyadh working hard to recover from Khashoggi uproar. RIYADH, April 24- Global finance chiefs who boycotted a Saudi investment summit last year following the murder of journalist Jamal Khashoggi returned to Riyadh this week as the Gulf kingdom gets business back on track. But Riyadh still faces criticism with some Western governments saying Crown Prince...

  • OSLO, April 24- Norway's $1.1 trillion sovereign wealth fund, the world's biggest, will support a shareholder proposal calling for annual elections of board members at food maker Kellogg Company, the fund said in a statement on Wednesday. Norges Bank Investment Management, which runs the fund, only rarely discloses voting intentions in advance of shareholder...

  • PARIS, April 24- Franco-Italian chipmaker STMicroelectronics struck an upbeat tone for the second half of the year on Wednesday after a steep fall in quarterly sales of sensors compelled it to trim its investment plans. "This, coupled with the financial stimulus programs in China, is increasing our confidence level for improved market conditions for the...

  • *Cyprus gets 9 bln euros demand for 5- and 30- yr debt. LONDON, April 24- Cyprus's first 30- year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus. The demand for 30- year debt from a country...

  • BERLIN/ MUNICH, April 24- German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions hurt the industrial engine of Europe's largest economy, leaving domestic demand to support slowing growth. The Munich- based Ifo economic institute said on Wednesday its business climate index fell to 99.2 in April from an...

  • LONDON, April 24- British finance minister Philip Hammond said Brexit was creating "very significant" uncertainty about the economic outlook, deterring business investment and limiting his ability to make long-term plans on spending and taxes. Prime Minister Theresa May has been forced to delay Britain's exit from the European Union because lawmakers have...

  • LONDON, April 24- Ukraine has entered uncharted political waters by choosing Volodymyr Zelenskiy, a comedian with no previous political experience and few detailed policies, as its new president. Zelenskiy is the latest anti-establishment figure to unseat an incumbent leader, both in Europe and further afield, but he has a lot to get to grips with.

  • PARIS, April 24- Franco-Italian chipmaker STMicroelectronics struck an upbeat tone for the second half of the year on Wednesday after a steep fall in quarterly sales of sensors compelled it to trim its investment plans. "This, coupled with the financial stimulus programs in China, is increasing our confidence level for improved market conditions for the...

  • BUDAPEST, April 24- Central Europe's main currencies mostly eased slightly on Wednesday as the Ifo economic institute reported a surprise drop in business morale in Germany, the region's key export partner. "Such impacts arrive through the euro/dollar cross, but despite some weakening after the Ifo, the euro stands where it did yesterday afternoon," one...

  • April 24- European shares edged lower on Wednesday as signals that China has put broader stimulus on hold overshadowed strong earnings from the likes of SAP and Credit Suisse. "The market is taking some cue from the slowing of stimulus in China," said Stefan Koopman, Market Economist, Eurozone, Rabobank. "For the European markets to get some traction in the upcoming...

  • *Britain tries to forge compromise in dispute over Huawei. LONDON, April 24- Britain will allow Huawei Technologies a restricted role in building parts of its 5 G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. The Daily Telegraph newspaper reported Britain's National...

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial center, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • April 24- Hong Kong stocks fell on Wednesday, despite strength on Wall Street, as a strong rally since the start of the year showed signs of fatigue in recent weeks. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for talks beginning on April 30, the White House said on Tuesday. **Around the region, MSCI's Asia ex-...

  • RIYADH, April 24- Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added that his country will respond to customers' needs if asked for more oil. The United States has decided not to renew exemptions from sanctions against Iran granted last...

  • Data on Tuesday showed sales of new single-family homes in the United States rose in March to their highest in nearly a year and a half, strengthening the dollar. The strong U.S. data and upbeat U.S. corporate earnings results helped lift the dollar, Mizuho Bank analysts wrote in a note. But comments by U.S. chipmaker Texas Instruments that a slowdown in demand for...

  • Iran sanctions buoyed prices this week. LONDON, April 24- Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output cuts and sanctions would take too much oil out of the market. Brent crude futures were at $74.18 per barrel at 0848 GMT, down...

  • DUBLIN, April 24- The job-search site Indeed will hire 600 more people at its European headquarters in Dublin over the next five years, the latest significant jobs announcement by a multinational company in Ireland. Facebook said in January that it would hire 1,000 more people in Dublin this year. Connecticut- based Indeed, which is owned by Japanese HR services...

  • SHANGHAI, April 24- People living in countries along China's new " Silk Road" favour investment in renewable energy over the construction of coal-fired power plants, according to a poll released on Wednesday ahead of a major summit in Beijing. The survey was released ahead of China's second international forum on its 2013 Belt and Road initiative, which is...