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CNBC Utilities Page Wires

  • *Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.

  • The Ministry of Finance sold 600 billion yen of off-the-run JGBs and the auction attracted ample investor interest. The suspension of Mitsubishi UFJ Morgan Stanley Securities as a primary dealer had little impact on the auction. The MOF said last week that it would suspend the primary dealer status given to Mitsubishi UFJ Morgan Stanley Securities for one...

  • Shares of the smartphone maker had slumped on Monday, after a surprise announcement from two mainland exchanges over the weekend that they would bar investor access to dual-class stocks in Hong Kong, given the complexity of the holdings. The latest statement from Hong Kong Exchanges and Clearing says dual-class shares will be subjected to an initial "special...

  • SHANGHAI, July 18- China's yuan hit two-week lows against a broadly stronger U.S. dollar on Wednesday, breaching the key 6.7 per dollar level, though it recouped some ground by midday as traders were reluctant to aggressively sell the local currency amid fears of intervention by authorities. Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the...

  • BEIJING, July 18- Shanghai zinc moved away from a one-year low and was on course for its first gain in seven trading days on Wednesday, as it tracked a jump on the London Metal Exchange in the previous session amid plunging inventories. Zinc, used to galvanize steel, is down 11.1 percent so far this month in Shanghai and 11.8 percent in London on concerns about...

  • *HK-> Shanghai Connect daily quota used 0.8 pct, Shanghai-> HK daily quota used 0.9 pct. SHANGHAI, July 18- China stocks rose on Wednesday, underpinned by gains in utility firms, and joined a rally in Asian peers after an upbeat outlook from the head of the U.S. central bank. **Around the region, MSCI's Asia ex- Japan stock index climbed 0.38 percent, while Japan's Nikkei index...

  • SYDNEY, July 18- Australia's economy appears to be gathering momentum this year as population growth fuels a boom in public investment, though high debt levels at home and trade tensions abroad loom as ever-greater threats. Economists polled by Reuters forecast Australia's A $1.8 trillion of gross domestic product would grow 2.9 percent in 2018, more than...

  • SINGAPORE, July 18- Chicago wheat rose for a second straight session on Wednesday to its highest in more than a week, with prices underpinned by reduced production in Europe and the Black Sea region. The most-active wheat contract on the Chicago Board Of Trade was up 1.0 percent at $5.02-3/ 4 a bushel by 0350 GMT, near the session high of $5.05 a bushel, the highest...

  • *Spot gold to hover above $1,226 an ounce- technicals. BENGALURU, July 18- Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. The stronger dollar following...

  • DETROIT— Marriott International plans to remove plastic straws and drink stirrers from all of its 6,500 hotels and resorts worldwide by next year. Starbucks and American Airlines announced plans to eliminate plastic straws last week. Hilton Hotels and Hyatt Hotels Corp. have also said they plan to stop using plastic straws by the end of this year.

  • The turbulent period, in which key financial institutions, including Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac and American International Group either failed or nearly did, marked America's worst financial crisis since the Great Depression. On Sept. 11, former officials from the Fed, the Treasury and other agencies will meet at the Brookings...

  • TOKYO, July 18- The dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the U.S. economy and reinforced views that the Fed was on track to steadily hike interest rates. The dollar was up 0.05 percent at 112.955 yen after going as high as 113.08, its strongest...

  • *C.bank is removing 15 pct minimum mortgage downpayment. JAKARTA, July 18- As Indonesia's central bank drives up interest rates to defend a fragile currency, Governor Perry Warjiyo is banking on a revival of the sluggish property sector to help maintain growth momentum in Southeast Asia's biggest economy. This comes as Indonesia is caught in the crosshairs of...

  • SYDNEY, July 18- Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei leapt 1 percent as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside...

  • TOKYO, July 18- Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 31 cents, or 0.4 percent, at $71.85 a barrel by 0240 GMT. Official numbers from the U.S. Department of Energy's Energy Information Administration are due at...

  • SEOUL, South Korea— South Korea's government dramatically cut its outlook on the job market while slightly lowering its growth forecast Wednesday, boding ill for President Moon Jae- in's jobs-first agenda. The Finance Ministry said South Korea's economy will create a mere 180,000 jobs this year, down from the 320,000 jobs it forecast in December and the lowest...

  • HONG KONG, July 18- The Hong Kong stock exchange said on Wednesday it has agreed to work with China's bourses towards the inclusion of dual-class shares in a cross-border trading link, marking a step towards resolving a dispute regarding the link. Bourse operator Hong Kong Exchanges and Clearing said in a statement Hong Kong- listed dual-class shares will need...

  • *Takara, Tokyo Dome fall after brokerage takes guess to be excluded from Nikkei index in Oct. TOKYO, July 18- Japan's Nikkei share average soared to a more than one-month high on Wednesday morning as exporters such as automakers and technology firms got a boost after the dollar hit a six-month high against the yen. The dollar was up 0.05 percent at 112.97 yen after...

  • BEIJING, July 18- Shanghai zinc was on course for its first rise in seven trading days on Wednesday, moving away from the previous session's one-year low as it tracked Tuesday's gains in London, where zinc inventories have fallen for six straight days. The metal, used to galvanize steel, is still down 11.6 percent so far this month in Shanghai on concerns about...

  • SAO PAULO, July 17- Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election. Speaking at a business event in Sao Paulo, Gomes called the proposed deal "hostile" to Brazil's interests and a threat to the...