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CNBC Utilities Page Wires

  • ISTANBUL, June 25- Turkish markets surrendered early gains on Monday as concerns over the direction of economic and monetary policy weighed on sentiment after President Tayyip Erdogan and his AK Party won presidential and parliamentary elections. The lira weakened slightly to 4.6695 against the dollar by 1006 GMT with volatile trade from Friday's close of...

  • June 25- British estate agent Countrywide Plc issued its fourth profit warning in eight months and said it planned to halve its debt with an equity sale, sending its shares to a record low. Britain's largest estate-agency group, whose network of high street branches is suffering from online competition as well as tepid demand since Britain voted to leave the...

  • BEIJING, June 25- China signed an agreement on Monday with France on importing beef from the European country, according to a Reuters witness. China's premier Li Keqiang, speaking to reporters after the deal was signed at Beijing's Great Hall of the People, said China is willing to buy more French agriculture products. China and the European Union are currently...

  • *EU official calls for lower market access barriers in China. *Chinese Vice Premier Liu calls EU to ease restrictions on European exports to China. But a top EU official made it clear that Europe is not fully on the same page as China, calling on Beijing to do more to make market access more fair and reduce overcapacity in steel and other sectors, including hi-tech.

  • MIDLOTHIAN, Texas _ Ennis Inc. on Monday reported fiscal first-quarter profit of $9.2 million. On a per-share basis, the Midlothian, Texas- based company said it had net income of 36 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ISTANBUL, June 25- Turkish markets surrendered early gains on Monday as concerns over the direction of economic and monetary policy weighed on sentiment after President Tayyip Erdogan and his AK Party won presidential and parliamentary elections. The lira weakened slightly to 4.6695 against the dollar by 1006 GMT with volatile trade from Friday's close of...

  • *EU official calls for lower market access barriers in China. *Chinese Vice Premier Liu calls EU to ease restrictions on European exports to China. But a top EU official made it clear that Europe is not fully on the same page as China, calling on Beijing to do more to make market access more fair and reduce overcapacity in steel and other sectors, including hi-tech.

  • These days, stockman Ronny Mucha records deliveries on a specially designed tablet application that immediately updates other departments. That's all common enough in modern factories from California to South Korea. Europe's most powerful economy, at the forefront of industrial innovation for decades, is struggling to adapt to the digital age, and its...

  • LONDON, June 25- Sterling edged back towards a seven-month low before a crucial EU summit as investors booked profits from a short rally after a Bank of England meeting last week revived expectations of a rate hike in the coming months. "The positioning data doesn't take into account the BoE's meeting and leveraged funds are likely to have brought back sterling...

  • BOSTON, June 25- Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Recent high-profile no-shows at the meetings- which are often the only chance "mom-and-pop" retail investors get to ask directors questions- include Alphabet Chief...

  • Australia has the fifth-highest rate of obesity in the developed world, according to the Organisation for Economic Cooperation and Development, a health condition that can exacerbate problems from diabetes to heart disease. Beverage producers in Australia have already seen some consumers switch away from sugary drinks because of health concerns and...

  • VIENNA, June 25- The joint deal by OPEC and other oil-producing allies to raise output demonstrates the strength of the Russia- Saudi energy alliance, which will help stabilise the market for many years to come, the head of Russia's sovereign wealth fund said on Monday. Ahead of OPEC's Vienna meeting, Saudi Arabia and Russia, the world's top oil producers, said they...

  • RUSSIA- SAUDI OIL COOPERATION AND CREATION OF PERMANENT BODY BASED ON OPEC+ WILL HELP STABILISE GLOBAL OIL MARKETS- HEAD OF RUSSIA'S RDIF.

  • BEIJING, June 25- China signed an agreement on Monday with France on importing beef from the European country, according to a Reuters witness. The deal follows China lifting its embargo on French beef last year, a ban that dated back to the mad cow disease crisis in Europe two decades ago. However, Beijing must certify processing plants before any meat can be shipped.

  • Political ructions in Germany boost demand for Bunds. LONDON, June 25- Italian bonds sold off on Monday and safe-haven German Bunds were in demand as a debate over migration threatened to widen divisions within the euro zone and undermine German Chancellor Angela Merkel's authority. Meanwhile, Italy's ruling right-wing League party gained ground in local...

  • PARIS, June 25- The French competition authority is in regular contact with the country's four telecom operators, its president said on Monday when asked about potential mergers within the sector. Speculation about a new round of talks between Orange, Bouygues Telecom, Altice and Iliad to cut the number of operators from four to three have surfaced again lately,...

  • *OPEC to raise output to make up for unforeseen disruptions. LONDON, June 25- Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day in output to hit the markets after OPEC and its partners agreed to raise production. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million bpd to tighten the...

  • *Hungary's forint, bonds stabilise after weakening. BUDAPEST/ PRAGUE, June 25- Central Europe's main currencies and equities mostly eased in slow trade on Monday as trade tension between the United States and its partners weighed on risk appetite in global markets. The Ifo business climate index of Germany, Central Europe's biggest trade partner, also eased in...

  • *FTSE 100 down 0.9 pct. LONDON, June 25- British shares retreated in pace with other European stock markets on Monday as investors took note of the bearish sentiment caused by the escalating trade dispute between the United States and China. The FTSE 100 was down 0.9 percent by 0920 GMT, with financials, energy and material stocks weighing on the British blue chip...

  • MILAN, June 25- Enel agreed a deal on Monday that could see it spend more than 2 billion euros to buy Latin American fiber company Ufinet International, as the Italian company looks to advance its ultrafast broadband ambitions. Europe's biggest utility said its Enel X unit would buy a 21 percent stake in Ufinet for 150 million euros with an option to buy the rest...