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CNBC Utilities Page Wires

  • "Currency markets are treading water but with recent European economic data turning higher, we believe there is more upside to euro/dollar from current levels," said Alvin Tan, a currency strategist at Societe Generale in London who expects the single currency to strengthen to $1.22 by end-2018. In early London trading on Monday, the euro edged 0.1 percent...

  • LONDON, July 16- High-grade euro zone bond yields hovered near recent lows as softening Chinese growth kept investors wary about the potential global economic impact of a potential trade row between the United States and other major countries. China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity,...

  • *Boeing bags $4.7 bln freighter deal with DHL. FARNBOROUGH, England, July 16- Boeing kick-started a contest for tens of billions of dollars of orders at the Farnborough Airshow on Monday, with a $4.7 billion deal for freight planes with delivery firm DHL. Even before the first displays took to the skies over a sun-baked southern England, the U.S. planemaker said DHL...

  • LONDON, July 16- Strong industrials and pharma stocks helped European shares make hesitant gains on Monday while data showing slowing economic growth from China kept a lid on the market's progress. The pan-European STOXX 600 inched up 0.2 percent by 0725 GMT, in line with Germany's DAX, which is heavily exposed to China. Elevator firm Kone drove gains among...

  • PARIS, July 16- Renault increased vehicle sales by 9.8 percent to a new record in the first half, the French carmaker said on Monday, helped by rebounding markets in Russia and South America as well as solid demand at home in Europe. Sales growth exceeded 15 percent in the Eurasia region including Russia and 18 percent in Latin America. India and South Korea were weak...

  • *Shanghai stocks lower, blue-chip CSI300 index down. *Gains in Shanghai stocks led by Baotailong New Materials. **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...

  • July 15- Goldman Sachs Group Inc is expected to name its president, David Solomon, its next chief executive officer early this week, the New York Times reported https://www.nytimes.com/2018/07/15/business/goldman-sachs-david-solomon-lloyd-bl a n k f e i n. h t m l on Sunday. The announcement could be made as soon as Monday, the paper reported on Sunday citing...

  • OSLO, July 16- Norway's Equinor does not expect its output to be affected "in the short-term" after a union escalated an industrial action among drilling workers on Monday, the firm said. "More drilling and well operations are affected. In the short-term we do not see any production or milestone consequences, "said Equinor spokesman Eskil Eriksen.

  • NEW YORK— Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods. Amazon hopes to keep Prime attractive for current and would-be subscribers after raising the annual membership fee by 20 percent to $119 and to $12.99 for the month-to-month option. Macy's, for instance, was...

  • OSLO, July 16- A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has hit oil output after employers did not respond to demands for higher wages and pension benefits. Employers, represented by the Norwegian Shipowners' Association, said on Monday the union "lacked understanding of the economic reality of...

  • Farnborough, ENGLAND, July 16- Britain's Defence Minister Gavin Williamson will unveil a model of the country's proposed new fighter jet at the Farnborough International Airshow and earmark 2 billion pounds in funding for the project, a source said on Monday.

  • LONDON, July 16- British department store retailer Debenhams said it had a "healthy" cash position after a media report on Sunday said insurers had cut cover for its suppliers. The Sunday Times reported that Debenhams, which has issued three profit warnings this year, was facing a cash crunch after credit insurers reduced or refused cover for its suppliers.

  • July 16- Boeing Co said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE in a contest for business on day one of the Farnborough Airshow. Logistics group DHL placed the order for the 777 freighters and acquired purchase rights for seven more freighters, the U.S planemaker said.

  • *Trump, Putin set to meet in Helsinki on Monday. SEOUL, July 16- Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week,...

  • SYDNEY, July 16- The dollar eased a bit against most major currencies on positive trade talks between China and the European Union although softer economic data from China and Beijing's escalating trade war with the United States tempered the enthusiasm. Chinese Premier Li Keqiang said on Monday the country will raise its market access and reduce tariff...

  • LONDON, July 13- Three years after a financial shock in China rocked world markets, a slower-motion 20 percent reversal of China's main stock index and the yuan's worst month on record have had much less of a viral effect around the globe. A rapidly escalating trade dispute between Washington and Beijing that risks exaggerating the steady deceleration of...

  • KUALA LUMPUR, Malaysia— Malaysian lawmakers took their oath in Parliament on Monday, including former premier Najib Razak, who has been charged in the massive corruption scandal that led to his coalition's electoral defeat. The swearing-in ceremony of 221 lawmakers opened the first Parliament session after Najib's long-ruling coalition was ousted in May 9...

  • SHANGHAI, July 16- Asian shares fell on Monday, brushing off a firmer Wall Street lead, as data showed China's economy and factory production growth slowing, compounding wider fears about Beijing's worsening trade war with Washington. China's economy grew 6.7 percent in the second quarter of 2018, cooling from the 6.8 percent growth registered in each of the...

  • The U.S planemaker said logistics group DHL placed the order and acquired purchase rights for 7 additional freighters.

  • PARIS, July 16- Telecoms and cable group Altice Europe has refinanced and extended the maturity for part of its debt, as part of a restructuring plan aimed at improving its fortunes after concerns over debts and its SFR arm hit its shares last year. The company, which has separated its Altice Europe arm from its U.S. division, said it had priced and allocated for its...