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CNBC Utilities Page Wires

  • BEIJING, June 23- China's gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. China's refinery runs eased from a record high in April as state-run refiners began regular maintenance and some independents cut output ahead of a regional summit.

  • *CFO says it decided better to list first in Hong Kong. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. "We've had many rounds of discussions with the regulators and reached a consensus that to ensure the quality of our CDR issuance, it's better that we go public in Hong Kong first," Xiaomi's chief financial...

  • The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments. But China dropped an anti-dumping investigation into U.S. imports on May 18, and the data suggests that several cargoes that had not been diverted cleared Chinese...

  • SEOUL, South Korea— Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple and Samsung with a business model that combines Google and Amazon. The initial public offering in Hong Kong would value the Beijing- based company at as much as $70.3 billion, according to details...

  • *China's scrap metal imports in May fell 27.7 percent on the year to 520,000 tonnes, customs data showed on Saturday. *China's May scrap copper imports fell 33.3 percent to 210,000 tonnes and scrap aluminium imports fell 40.5 percent to 110,000 tonnes. *China imported no waste plastic in May while waste paper imports fell 64.8 percent to 860,000 tonnes, the data...

  • BEIJING, June 23- China's imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, despite an anti-dumping move by Beijing a month earlier, customs data showed on Saturday. Barley rose 23.3 percent to 770,000 tonnes, while corn imports surged to 760,000 tonnes versus last year's 42,000 tonnes. Wheat imports rose 24.8 percent year on year to 630,000...

  • *China's gasoline exports in May rose 134 percent from a year earlier to 1.47 million tonnes, the General Administration of Customs said on Saturday. *China's diesel exports in May rose 62.6 percent to 2 million tonnes from the year earlier period, the data showed. *China May kerosene exports reached 1.42 mln tonnes, up 43.1 percent year on year.

  • SEOUL, South Korea— Xiaomi Corp. says it seeks to raise up to $6.1 billion in the upcoming initial public offering that would value the Chinese smartphone maker at as much as $70.3 billion. The details of the Hong Kong IPO released Saturday show the Beijing- based company will raise less than an earlier expectation of up to $10 billion that would have valued the...

  • BEIJING, June 23- China's trade with North Korea in the first five months of 2018 fell 56.8 percent from a year earlier to $887.4 million, customs data showed on Saturday. China's May total trade with North Korea was $230.87 million, compared with $173.7 million in the previous month. China's exports to North Korea were $217.2 mln million in May while imports from...

  • BEIJING, June 23- China's consumer prices are likely to be stable in the second half of the year, the state planner said on Saturday, soothing concerns that have grown amid China's escalating trade dispute with the United States. "The market in general thinks the macro environment is stable and market supply is sufficient," an official at the pricing department of...

  • Federal Reserve Today in Washington. 26- Jun Japan Auction of 20- year government bonds 26- Jun United Kingdom 1 3/ 4% Treasury Gilt 2037 26- Jun United States Sale of 2- year notes 27- Jun Italy Zero-coupon/BTPi auction 27- Jun Norway Auction Treasuries 27- Jun United States Sale of 2- year floating rate notes 27- Jun United States Sale of 5- year notes 28- Jun...

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • **DUBLIN- International Monetary Fund Managing Director Christine Lagarde visits Dublin. **WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers speech titled "In search of gold: exploring central bank digital currency" 2300 GMT. CARDIFF- Bank of England Chief Economist Andy Haldane visits Wales as part of a "town hall" tour to meet the...

  • SAN FRANCISCO— Netflix CEO Reed Hastings says he fired the company's top spokesman over use of the N-word. The spokesman, Jonathan Friedland, confirmed in tweets that he was leaving the company, saying he was insensitive in speaking with his team about words that offend in comedy. In a memo to employees, published by Variety and The Hollywood Reporter, Hastings...

  • June 22- Shares in private prison operators CoreCivic Inc and Geo Group rose on Friday as investors bet on increasing demand for their services after U.S. authorities asked about available capacity for the detention of immigrant families. The U.S. Department of Homeland Security's office of Immigration and Customs Enforcement issued a request for...

  • June 22- ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday. ZTE, which makes smart phones and networking gear, agreed to pay a $1 billion penalty and put $400 million...

  • MEXICO CITY, June 22- Mexico's peso surged on Friday, gaining the most in six weeks as it tracked a rally in oil prices, while stocks in Brazil edged back from a steep selloff. Also supporting the currency, Mexico's central bank hiked its benchmark interest rate 25 basis points to a more than nine-year high of 7.75 percent on Thursday and the interest rate swaps...

  • June 22- Netflix Inc Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details. Friedland tweeted that he had spoken in an "insensitive" manner. Ford Motor Co former U.S. chief Raj Nair departed abruptly in February after a probe on his behavior, while Intel Corp...

  • Three current shows— "Roseanne,"'' Transparent "and" House of Cards "— have been crippled by scandal, but each plans to continue without their disgraced stars. The reboot of "Roseanne" had an excellent first season in the ratings— it also earned an estimated $45 million in advertising revenue for ABC— when its future was thrown into doubt by a racist tweet by star Roseanne...

  • Energy Secretary Rick Perry will meet Russia's energy minister next week in Washington, a person familiar with the situation said on Friday, as the two countries compete to supply global markets with natural gas and crude. Perry will meet Russia's Energy Minister Alexander Novak on Tuesday, in the context of the World Gas Conference that is being held in...