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CNBC Utilities Page Wires

  • *Sale to form part of Indonesia's 51 pct holding in mine. May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's Inalum. Rio Tinto confirmed that discussions between it, Indonesia's state mining holding company Inalum and miner Freeport were ongoing, "including...

  • PARIS, May 23- France's ILO unemployment rate during the first quarter edged up to stand at 9.2 percent, versus 9 percent in the previous quarter, according to data published by the INSEE national statistics office. The ILO jobless rate corresponds to standards set by the International Labour Organisation to measure the percentage of people who are unemployed.

  • *Citigroup sees 50 pct jump in China companies research coverage. The move is significant because it marks the first time that funds which track indexes have been forced to invest in mainland markets, rather than the offshore Chinese stocks listed in Hong Kong and New York that are already part of the MSCI universe. Citi aims to increase its China coverage to 250...

  • SHANGHAI, May 23- China's yuan eased against the U.S. dollar in thin trade on Wednesday, reflecting broad pressure on emerging market currencies from a firm greenback that has gained on the prospect of faster U.S. rate rises. Prior to market opening, the People's Bank of China set the midpoint rate at 6.3773 per dollar, 26 pips or 0.04 percent firmer than the previous...

  • NORWAY'S SOVEREIGN WEALTH FUND: VOTED AGAINST RESOLUTION TO SET CLIMATE TARGETS AT SHELL AGM.

  • NORWAY'S SOVEREIGN WEALTH FUND: VOTED IN FAVOUR OF CEO PAY PACKAGE AT SHELL AGM.

  • EAST PEORIA, Ill., May 23- Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. But meeting that boom in demand at the world's largest heavy equipment manufacturer is a challenge, in part because of Caterpillar suppliers like Steve...

  • TOKYO, May 23- Japanese government bonds rose on Wednesday after the Bank of Japan's buying operation produced strong results, highlighting limited availability of JGBs for investors. The BOJ bought one- to five-year sector and the 10- to 40- year zone as previously announced, with the latter drawing smallest amount of selling since the end of last month.

  • China imported 640,000 tonnes of sorghum in April, up 87 percent on a year ago, ahead of a huge anti-dumping deposit announced by Beijing on April 17 after a two-month investigation. News of the deposit, which still came earlier than the trade had expected, prompted several more cargoes of the grain already shipped from the United States to China to be resold to...

  • "Too many jobs in China lost," he wrote. Richard Blumenthal, a Connecticut Democrat who is heading up an emoluments lawsuit brought by about 200 or so members of Congress. His Washington hotel, just steps from the White House, has become a magnet for foreign governments seeking to influence his administration, including groups tied to Kuwait, Bahrain, Turkey,...

  • WASHINGTON— Congress moved to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House voted 258-159 on Tuesday to approve legislation rolling back the Dodd-Frank law, notching a legislative win for President Donald Trump, who made...

  • This year, colleges have invited speakers ranging from Hillary Clinton to Chance the Rapper, each bringing their own life lessons. Prime minister of Canada, speaking at New York University on May 16. At the University of Southern California's Annenberg School for Communication and Journalism on May 11.

  • *Japan to set new fiscal reform deadline at FY2025. TOKYO, May 23- Japan's government will push back its time frame for achieving a balanced budget by five years to fiscal 2025 but set an interim target to review progress in getting the country's fiscal house in order, the Nikkei newspaper reported on Wednesday. The interim target would require the government to...

  • LAS VEGAS— Thousands of unionized Las Vegas casino-hotel workers vote to authorize a strike at any time starting June 1.

  • *Dryness hurting yields in the U.S., Canada, Australia. SINGAPORE, May 23- Chicago wheat gained more ground on Wednesday, rising for six of seven days and trading near previous session's highest since May 4, on concerns over dry weather reducing yields in key exporting countries. U.S. soybeans rose for a fourth consecutive session on expectations of strong demand...

  • TOKYO, May 23- SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc, the first public divestment by its Vision Fund. The Vision Fund invested invested $2.5 billion in Flipkart in August last year. The Vision Fund has invested $30 billion in startups in the last year.

  • *HK-> Shanghai Connect daily quota used 0.7 pct, Shanghai-> HK daily quota used 0.3 pct. SHANGHAI, May 23- Stocks in China and Hong Kong dropped on Wednesday, led by a slump in coal miners, as Beijing intervened to cool the red-hot coal market. **In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to...

  • May 23- Shareholders of casino operator Wynn Resorts Ltd voted against the company's executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday. The company's founder, Steve Wynn, resigned earlier this year after allegations of sexual misconduct and disposed his entire 11.8 percent stake in the firm for $2.1...

  • BOGOTA, Colombia— The giant metal pots in the kitchen of a drab Bogota cafeteria are filled with simple dishes like vegetable rice. The former executive chef at a beach resort in Venezuela once commanded a staff of 65 cooks and made regular appearances on television cooking shows. Now he is laboring for $10 a day, with one sole aim: to send money back home.

  • *Solar firm wants to expand in Germany, other markets. FRANKFURT, May 23- German solar battery maker sonnen has secured 60 million euros in funds from Shell Ventures and existing shareholders to expand at home and abroad. The company-- which also operates in Italy, France, Australia, Austria, Britain and the United States-- provides hardware and software to customers...