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CNBC Utilities Page Wires

  • *FTSE 100 down 0.9 percent after positive opening. MILAN, June 21- Britain's top share index fell on Thursday as sterling bounced from seven-month lows following a Bank of England policy vote that bolstered expectations of a rate hike in August. That in turn sent the FTSE 100 down and the export-oriented index closed 0.9 percent lower.

  • *China looking to target Dow companies- Chinese paper. June 21- U.S. stocks fell on Thursday as oil prices slid, industrials dropped on worries over U.S.- China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax. "Traders are very reactionary to Supreme Court news that could impact the...

  • OTTAWA, June 21- Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said. Canada is considering whether to penalize companies from countries that have caused it...

  • *Soybeans tick down as U.S.- China trade worries remain. CHICAGO, June 21- U.S. wheat futures climbed for a second straight day on Thursday on bargain buying following the market's recent drop and on a weather-reduced wheat crop in Russia, the world's top exporter. Soybeans eased on continued worries about poor demand from China amid rising trade tensions...

  • BRASILIA, June 21- Brazilian stocks fell on Thursday as traders booked profits from a two-day string of gains in the wake of growing trade tensions between the United States and China, while Argentine shares soared. Improving demand for emerging market assets worldwide had helped to support the index earlier this week, but appetite for risky assets wavered on...

  • *Oil investors wary before OPEC meeting. NEW YORK, June 21- Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds after weak economic data and on worries about a U.S.- China trade war. Oil futures were lower before an OPEC meeting expected to increase the world's supply of crude and after a report of a large...

  • June 21- Silicon Valley Bank on Thursday named Yvette Butler as the new head of its private bank.

  • *OPEC to meet in Vienna on Friday to set output policy. NEW YORK, June 21- Oil prices fell nearly 2 percent on Thursday as crude producers appeared to be nearing a deal to increase production at an OPEC meeting in Vienna. The market was contending with exactly how much output will change as the Organization of the Petroleum Exporting Countries, which holds its...

  • RICHARDS BAY, South Africa, June 21- South Africa's Richards Bay Coal Terminal has boosted productivity and improved turnaround times after a 1.34 billion rand machinery upgrade, the firm said on Thursday, as it reiterated forecasts for record exports this year. RBCT, Africa's largest coal export facility, launched the project to replace its aging machines...

  • LONDON, June 21- Italy's bond yields rose, its stocks fell and the euro briefly weakened on Thursday after the Italian government appointed two eurosceptics to head key finance committees in parliament. Claudio Borghi and Alberto Bagnai, both from the far-right League, were picked to head, respectively, the Budget Committee in the lower house of parliament and...

  • FDA to decide on GW Pharma epilepsy drug by June 27. *Analysts eye potential $1 billion- plus Epidiolex sales. GW Pharmaceuticals, which has spent 20 years developing medicines from cannabis, is hoping for a Food and Drug Administration green light by June 27, after winning support from an advisory panel in April.

  • *Lukoil cut output by 45,000 bpd under OPEC- led deal. MOSCOW, June 21- Russia's second-largest oil firm Lukoil is ready to increase its oil production by 23,000 barrels per day in two to three months if OPEC and its allies agree to ease their output curbs, the company said. The Organization of the Petroleum Exporting Countries, Russia and other oil producers are...

  • HANOI, June 21- Police in Vietnam arrested four executives of state oil firm PetroVietnam's subsidiaries on suspicion of embezzlement on Thursday as the communist-led government widens a crackdown on corruption. Dinh Van Ngoc, deputy chief executive officer of Nghi Son Refinery and Petrochemical LLC, and three others were accused of "abusing power to...

  • BERLIN— German IT services and consulting company T-Systems, a subsidiary of Deutsche Telekom, plans to cut 10,000 jobs worldwide by 2020.. The dpa news agency reports that about 6,000 jobs will be cut in Germany, with some moving overseas to India and Turkey. T-Systems currently employs 18,000 people in Germany, out of 37,000 employees worldwide.

  • JOHANNESBURG, June 21- The South African rand reversed earlier losses on Thursday with technical factors offering support while stocks fell, dragged down by resource counters and heavyweight Naspers. The rand had a volatile session, falling as much as 1 percent after the release of data showing a sharp jump in South Africa's current account deficit in the...

  • CHAPLEAU, Ontario/ LONDON, June 21- Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel. "It would be a challenge to go back," said jumbo drill operator Adam Ladouceur, noting the air quality and lack of noise...

  • LONDON, June 21- European shares ended the day deep into the red after an early bounced on Thursday, shaken by the appointment of eurosceptics at key positions in the Italian parliament and after German carmaker Daimler warned higher tariffs would hit profits. The autos sector fell 3.5 percent, its biggest loss in about two years, while the pan-European STOXX 600...

  • Ministers from the Organization of the Petroleum Exporting Countries and non- OPEC nations led by Russia are meeting Friday and Saturday in Vienna, and it could be a difficult and uncomfortable gathering. Benchmark U.S. crude hit its highest level in more than three years in May, but U.S. and international prices have eased since then in anticipation that OPEC...

  • WASHINGTON, June 21- States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals. In a 5-4 ruling upholding a South Dakota law challenged by Wayfair Inc, Overstock.com Inc and...

  • WASHINGTON, June 21- The U.S. Transportation Department's inspector general is auditing the Federal Aviation Administration's oversight of Southwest Airlines Co after a midair incident in which an engine exploded and one person was killed. The FAA, which oversees U.S. civil aviation, said on Thursday it welcomes the inspector general's "examination of the...