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CNBC Utilities Page Wires

  • *Yuan's fall sparks worries about China's economy, Sino-U.S. trade war. TOKYO, July 20- Japanese stocks dropped on Friday as an extended decline in the Chinese yuan rekindled worries about the stability of the Chinese economy which faces rising risks from a major trade conflict with the United States. "Further falls in the yuan will heighten worries about capital...

  • N.KOREA 2017 ECONOMY CONTRACTS 3.5 PCT IN 2017, SHARPEST DECLINE IN 20 YRS- S.KOREA C.BANK.

  • INTERNATIONAL SANCTIONS, DROUGHT HURT N.KOREA ECONOMY IN 2017- S.KOREA C.BANK.

  • Gross domestic product in North Korea last year contracted 3.5 percent from the previous year, marking the biggest contraction since a 6.5 percent drop in 1997 when the isolated nation was going through a devastating famine, the Bank of Korea said. Kim vowed to switch the focus from the development of North Koreas nuclear arsenal to emulating China's "...

  • July 19- Facebook Inc's WhatsApp is launching a test to limit forwarding messages that will apply to all users, the messaging app said on Thursday, after a series of violent incidents in India triggered by false social media messages. WhatsApp said http://bit.ly/2uPNKYa for India, it will also test a lower limit of five chats at once and remove the quick forward...

  • WHATSAPP SAYS, IN INDIA, TO TEST A LOWER LIMIT OF 5 CHATS AT ONCE AND REMOVE QUICK FORWARD BUTTON NEXT TO MEDIA MESSAGES- BLOG.

  • *China lowers yuan midpoint for 7th straight trading day. TOKYO, July 20- Most Asian stock markets retreated on Friday after China allowed its yuan currency to slide further, stoking concerns Beijing's currency management could become the next flash point in a fierce trade conflict with the United States. With China showing little signs of arresting its...

  • July 20- Thai AirAsia X, part of Malaysia's AirAsia X Bhd, will be seeking an IPO soon, AirAsia Chief Executive Tony Fernandes tweeted on Friday.

  • LOS ANGELES— Paramount says it has fired the head of its television division for making unspecified comments that drew complaints from employees. She joined Paramount in 2004 and became president of its television division five years ago. Under her leadership, Paramount supplied shows including "13 Reasons Why" and "The Alienist" to cable and streaming outlets.

  • BEIJING, July 20- London copper prices hovered above $6,000 a tonne in early trade on Friday, having touched a one-year low in the previous session on concerns that a trade row between China and the United States will weaken demand for industrial metals. *LME COPPER: Three-month copper on the London Metal Exchange slipped 0.8 percent to $6,018 a tonne by 0153 GMT,...

  • *Spot gold was down 0.2 percent at $1,219.28 an ounce at 0127 GMT. In the previous session, it fell to its weakest since early July last year at $1,211.08 an ounce. *Fed Chairman Jerome Powell in a two-day congressional testimony said he believed the United States was on course for years more of steady growth and reaffirmed expectations for more interest rate rises...

  • SAO PAULO, July 19- Volkswagen AG will furlough about 1,000 workers at its largest factory in Brazil, union representatives said on Thursday, due to weaker economic growth and slumping exports to Argentina. She said Volkswagen expected overall car production in Brazil to increase 12 percent in 2018.. A truckers' strike in late May took the wind out of a gradual...

  • MEXICO CITY, July 19- A decision to delay Mexican oil auctions until after the next president takes office does not augur well for opening the country's energy sector to private investment, the head of a major business association said on Thursday. Incoming President Andres Manuel Lopez Obrador, a leftist, has been a long-standing critic of opening up the oil and...

  • TOKYO, July 20- Japan's annual core consumer inflation quickened slightly in June but the rise was due largely to recent gains in oil costs with prices of other goods barely picking up, a setback for the Bank of Japan's mission to get inflation to 2 percent. The data reinforces market expectations that the BOJ will cut its inflation forecasts when it meets for a...

  • SHANGHAI, July 20- China's central bank lowered its yuan midpoint for the seventh straight trading day to 6.7671 per dollar on Friday, the weakest in a year, reflecting sharp losses in the currency a day earlier. The People's Bank of China fixed the yuan midpoint 605 pips or 0.9 percent weaker than the previous fix of 6.7066. Friday's fixing was the lowest since July...

  • SINGAPORE, July 20- Chicago corn futures rose for a fifth consecutive session on Friday with the market poised for its biggest weekly gain since late April on the back of strong demand and dryness in parts of U.S. Soybeans are on track for their biggest weekly rise in nearly two months, while wheat rose for a second session as dry weather curbs output in Europe and...

  • TOKYO, July 20- The dollar was on the defensive against the yen and euro early Friday after U.S. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan "was dropping like a rock." The White House later said in a statement that the president respects the U.S. central bank's independence...

  • TOKYO, July 20- Oil prices gained on Friday after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter. Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT, after falling 32 cents on Thursday. The world's biggest oil exporter expects its crude shipments to drop by roughly...

  • TOKYO, July 20- Oil prices gained on Friday after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter. Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT, after falling 32 cents on Thursday. The world's biggest oil exporter expects its crude shipments to drop by roughly...

  • TOKYO, July 20- Asian stocks eked out modest gains on Friday as investor caution prevailed amid concerns about the European Union imposing retaliatory tariffs on U.S. goods while U.S. Officials from the EU Trade Commission, due to arrive in Washington next week for trade talks, are said to be preparing a list of tit-for-tat actions in response to proposed U.S....