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CNBC Utilities Page Wires

  • SAN FRANCISCO— IBM is testing a computer against two human debaters in the first public demonstration of artificial intelligence technology it's been working on for more than five years. The company unveiled its Project Debater in San Francisco on Monday. An IBM research team based in Israel began working on the project not long after IBM's Watson computer...

  • On Friday, Trump said he planned to push ahead with tariffs on $50 billion worth of Chinese imports. While chips were largely spared from the initial list of targeted goods released in April, U.S. trade officials on Friday released a second tariff list of 284 products worth $16 billion that includes the processor and memory chips at the heart of Intel's business.

  • BEIJING, June 19- China will take "qualitative" and "quantitative" measures if the U.S. government publishes an additional list of tariffs on Chinese goods, the commerce ministry said on Tuesday. The ministry said in a statement on its website that China would take comprehensive measures to "fight back firmly". President Donald Trump threatened on Monday to impose a...

  • TOKYO, June 19- MSCI's broadest index of Asia-Pacific shares outside Japan hit its lowest levels since February on Tuesday, falling almost one percent amid an escalating trade dispute between the United States and China.

  • SINGAPORE, June 19- Oil prices dipped on Tuesday on expectations that producer cartel OPEC and key ally Russia will gradually increase output after withholding supplies since 2017.. The Organization of the Petroleum Exporting Countries together with a group of non- OPEC producers including Russia started withholding oil supplies in 2017 to prop up prices.

  • ASIA-PACIFIC EX-JAPAN MSCI SHARE INDEX HITS 4-MONTH LOW.

  • SHANGHAI, June 19- China stocks opened sharply lower on Tuesday, with the Shanghai benchmark falling below the psychologically key 3,000 points for the first time in nearly 21 months, as mainland investors had their first chance to react to escalating Sino-U.S trade tensions. Investors back from Monday's Dragon Boat Festival holiday dumped stocks, amid signs...

  • "After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," Trump said. Washington and Beijing appeared increasingly headed toward open trade conflict after negotiations failed to resolve U.S. complaints over...

  • MELBOURNE, June 19- London metals edged higher and Shanghai contracts cut early losses as the U.S. dollar eased on Tuesday after the United States threatened wider tariffs on Chinese goods, escalating trade tensions between the world's top two economies. *COPPER: London Metal Exchange copper climbed 0.5 percent to $6,996.50 a tonne by 0132 GMT, paring losses on...

  • HONG KONG, June 19- Shares of ZTE Corp plunged on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers. This year, the Senate included an amendment that would kill the Trump administration's agreement to allow ZTE to resume business...

  • SINGAPORE, June 19- Chicago soybean futures slid on Tuesday to their lowest since March 2016, while corn dropped for a fifth consecutive session on concerns over a deepening trade war between Washington and Beijing. *U.S. soybeans are set to lose market share in China, the biggest bean importer, as trade tensions escalate between the two nations.

  • *Yen up after Trump's comments about additional tariffs on China. *China yuan falls to five-month lows in offshore market. The ongoing trade dispute between the United States and China knocked the yuan to 6.4660 per dollar, its weakest in more than five months in the offshore market.

  • BENGALURU, June 19- Gold prices rose early Tuesday, supported by a weaker dollar and a dip in Asian stocks as a trade spat between the United States and China intensified. *Spot gold was up 0.3 percent at $1,281.45 an ounce by 0046 GMT. *The United States and South Korea have agreed to suspend a joint military exercise scheduled for August, South Korean and U.S....

  • BEIJING, June 15- Having reduced the amount of reserves that lenders must hold just two months ago, China's central bank could soon do it again to support a slowing economy and contain risks posed by corporate debt defaults, policy sources said. "There is room for cutting RRR in the next 1-2 months as China's economy faces downward pressure and also uncertainties...

  • June 18- President Donald Trump told Apple Inc Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations. The newspaper reported that Cook traveled to the White House last month to warn Trump of the potentially adverse effects of...

  • SINGAPORE, June 19- Oil prices fell in early Asian trading on Tuesday on expectations that producer cartel OPEC and key ally Russia will gradually increase output after withholding supplies since 2017.. The Organization of the Petroleum Exporting Countries together with a group of non- OPEC producers that includes Russia started withholding oil supplies...

  • *Risk sentiment hurt as Trump threatens China with new tariffs. Trump warned on Monday that Washington would impose a 10 percent tariff on $200 billion of Chinese goods after Beijing's decision to raise tariffs on $50 billion in U.S. goods. Trump said if China increases its tariffs again in response to the latest U.S. move, "we will meet that action by pursuing...

  • President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. Washington and Beijing appeared increasingly headed toward open trade conflict after negotiations failed to resolve U.S. complaints over Chinese industrial policies, lack of market access in China...

  • LONDON, June 18- The euro is weakening, the U.S. yield curve is flattening, volatility is falling and last week, hedge funds were on the right side of all three moves. The latest Commodity Futures Trading Commission figures show that speculators and hedge funds were on the right side of these trades in the week ending June 12, moves that extended further over the...

  • Federal Reserve Today in Washington. 19- Jun Germany Auction of 2- year Treasury notes 19- Jun Japan 1- year discount bill auction 19- Jun Japan Auction of 30- year government bonds 19- Jun Spain Auction of 3- and 9- month Treasury bills 20- Jun Germany Auction of 30- year Federal bonds 21- Jun France Index-linked Securities auction 21- Jun Japan Auction of 5-...