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CNBC Utilities Page Wires

  • BEIJING, July 17- China's new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more restrictions may be needed. Average new home prices in China's 70 major cities rose 1 percent in June from a month earlier, higher than the previous month's...

  • China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified. Three-month copper on the London Metal Exchange had risen 0.7 percent to $6,235.50 a...

  • BEIJING, July 17- China's new home prices rose 1 percent in June from a month earlier, up from an increase of 0.7 percent in the previous month, Reuters calculated from National Bureau of Statistics data published on Tuesday. On a yearly basis, average new home prices in China's 70 major cities increased 5 percent, quickening from the 4.7 percent gain in May, when...

  • BEIJING, July 17- China's new home prices rose 1 percent in June from a month earlier, up from an increase of 0.7 percent in the previous month, Reuters calculated from National Bureau of Statistics data published on Tuesday. On a yearly basis, average new home prices in China's 70 major cities increased 5 percent, quickening from the 4.7 percent gain in May, when...

  • TOKYO, July 17- The dollar slightly gained against its major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell's first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a...

  • July 16- A $1.1 billion U.S. shale pipeline on Monday was denied an exclusion to the Trump administration's tariff on imported steel, the first such ruling on a major energy project since the tariff went into effect. Pipeline operator Plains All American Pipeline LP's request was denied because suitable product is available from domestic producers, the...

  • TOKYO, July 17- Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude futures had climbed 36 cents, or 0.5 percent, to $72.20 a barrel by 0106 GMT. An oil worker strike in Norway intensified on Monday when hundreds more...

  • *The most active soybean futures on the Chicago Board Of Trade were up 1 percent to $8.54-1/ 4 a bushel by 0059 GMT, near the session high of $8.55-1/ 2 a bushel- the highest since July 12. *The USDA said 72 percent of the U.S. corn crop is in good to excellent condition, behind market expectations. *The USDA said 69 percent of the U.S. soybean crop is in good to excellent...

  • Federal officials on July 12 indicted Xiaolang Zhang on a single count of trade secret theft, alleging that Zhang had stolen a 25- page blueprint for a circuit board designed to be used in an autonomous vehicle, according to the indictment filed in U.S. District Court for the Northern District of California. The formal indictment followed a filing by a Federal...

  • TOKYO, July 17- The dollar slightly gained against its major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell's first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a...

  • Federal Reserve Chairman Jerome Powell's first congressional testimony. *Spot gold was steady at $1,239.60 an ounce at 0039. *The Fed's Powell takes his upbeat view of the U.S. economy to Capitol Hill on Tuesday, with markets and many of his colleagues expecting two more interest rate increases this year amid a continued economic expansion.

  • *Australian company is focused on Papua New Guinea. July 17- Australia's Oil Search Ltd reported an 18 percent fall in first half revenue on Tuesday, hit by lower output at a key liquefied natural gas project in Papua New Guinea after a major earthquake in the region in February. Oil Search's managing director, Peter Botten, said in a statement the company was in...

  • TOKYO, July 17- Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 pct lower following two sessions of gains.

  • LONDON, July 16- Hedge funds raised their bets last week on a flatter U.S. yield curve and a stronger dollar. Their bond bet shows signs of coming good as the yield curve moves towards inversion, but their FX wager? The latest Commodity Futures Trading Commission figures show they cut their record net short position of 500,000 contracts by 61,000 contracts, and...

  • Federal Reserve Today in Washington. 17- Jul Germany Auction of 2- year Treasury notes 17- Jul Spain Auction of 3- and 9- month Treasury bills 18- Jul Germany Auction of 30- year Federal bonds 19- Jul France Index-linked Securities auction 19- Jul Japan 1- year discount bill auction 19- Jul Spain Bond auction 19- Jul United Kingdom 1 3/ 4% Treasury Gilt 2057 20-...

  • SAN FRANCISCO— San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services, an issue that set off a battle in another West Coast city struggling with income inequality. It would raise about $300 million a year— doubling what San Francisco spends on homelessness— for more shelter beds and housing for...

  • July 16- A $1.1 billion U.S. shale pipeline project on Monday was denied an exclusion to the Trump administration's tariff on imported steel, the first ruling on a major energy export project. U.S. pipeline operator Plains All American Pipeline LP's bid to avoid the 25 percent tariff on pipe imported from Greece was denied because domestic product is available,...

  • Trump, speaking in Helsinki after his first summit with Putin, said he saw no reason to believe his own country's intelligence agencies over the Kremlin leader's assurances that Russia did not interfere in the U.S. election. After the Helsinki summit, at least two senators- Republican Pat Toomey and Senate Democratic Leader Chuck Schumer- raised the...

  • July 16- Netflix Inc's subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company's rapid expansion is slowing. In after-hours trading on Monday, Netflix shares sunk 14 percent to $343.60, eroding $24.2 billion in market capitalization and down from an earlier...

  • July 16- U.S. pipeline operator Plains All American Pipeline LP's bid for an exemption to the Trump administration's 25 percent steel tariff for a major shale oil project was rejected on Monday, according to a Commerce Department filing. The decision was the first to hit a major energy export project. Plains sought to use imported steel for its $1.1 billion...