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CNBC Utilities Page Wires

  • *Spot gold still targets $1,258/ oz- technicals. Spot gold was little changed at $1,267.38 an ounce,. In the prior session, the bullion touched $1,260.84, its lowest since Dec. 19, 2017.

  • SINGAPORE, June 22- Copper prices were on Friday poised to decline for a second week, pressured by fears that trade conflict between Washington and Beijing would hit demand in China, the top consumer of industrial metals. Three-month copper on the London Metal Exchange had risen 0.2 percent to $6,800 a tonne by 0348 GMT, while the most-traded copper contract on...

  • *Oil choppy ahead of crucial OPEC meeting. TOKYO, June 22- Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output. South Korea's KOSPI hit nine-month lows and in mainland...

  • TOKYO, June 22- Japan's financial regulator has ordered the country's banks to report any suspicious money transfers involving 10 Japan- North Korea joint ventures, two people with direct knowledge of the matter said on Friday. A government official and a manager at a major Japanese bank said the Financial Services Agency on Monday told Japanese banks and...

  • *MALAYSIA NAMES NOR SHAMSIAH AS NEW CENTRAL BANK GOVERNOR- BLOOMBERG Source text: https://bloom.bg/2JXHTL0.

  • *OPEC, Russia meet in Vienna on Friday to discuss output. SINGAPORE, June 22- Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. The Organization of the Petroleum Exporting Countries, a producer cartel de-facto led by top...

  • *France's JCDecaux also bidding for APN. SYDNEY, June 22- Australian billboard firm APN Outdoor Group sweetened its takeover bid for rival HT&E Ltd's bus stop advertising business on Friday, heating up an international tussle for dominance in Australia's lucrative outdoor ad market. APN has hiked by 8 percent a cash-and-scrip offer which it said values HT&E's...

  • SINGAPORE, June 22- Debt-laden commodities trader Noble Group said on Friday it had secured $100 million in trade finance facilities from a group of investors, winning fresh support for a $3.4 billion debt restructuring plan that is key to its survival. In a regulatory statement, Noble, once Asia's largest commodity trader, said a consortium of investors, which...

  • Prices have been on an upward trend since bottoming in 2016 after five years of losses, and miners are once again making good profits amid strong demand from top importers China and India, new consumers such as Pakistan and the reliable veteran buyers like Japan and South Korea. In 2012, the industry was cock-a-hoop over forecasts that pointed to massive import...

  • SINGAPORE, June 22- U.S. soybean futures were on track on Friday for their fourth week of decline, pressured by concerns over demand from top importer China following a trade war between Washington and Beijing. Wheat prices were poised to end the week on a positive note as adverse weather in Russia and China curbed global supplies. For wheat, lower production in the...

  • TOKYO, June 22- Japan's Nikkei share average dropped on Friday morning after Germany's Daimler cut its profit forecasts citing tariff concerns and some U.S. data came in below expectations, hurting cyclical stocks. The fall came after Germany's Daimler cut its 2018 profit forecast because of fears over tariffs on the Mercedes Benz cars it exports from the...

  • June 21- General Motors Co is going ahead with its plan to manufacture the new Chevrolet Blazer SUV in Mexico, a spokesman for the automaker said on Thursday, despite criticism by U.S. Trump has been pressing automakers to build more vehicles in the United States under efforts to renegotiate the North American Free Trade Agreement. Trump has previously...

  • China has stepped up its war of words with the United States since President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if China retaliates against his previous targeting of $50 billion in imports. The official China Daily said in an editorial the United States had failed to understand that the business it...

  • PARKERSBURG, W.Va.— A federal study says the chemicals a West Virginia factory used to make non-stick products are dangerous at levels well below those recommended by the U.S. Environmental Protection Agency. News outlets report the federal Agency for Toxic Substances and Disease Registry released the study on PFAS chemicals Wednesday.

  • TOKYO, June 22- Japan's core inflation remained subdued in May, yet again highlighting how far off the central bank is in hitting its 2 percent price goal despite over five years of massive stimulus. The stubbornly weak inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting its ultra-easy money policy, even as the...

  • The four arrested Thursday were former general directors or chief accountants of three subsidiaries of giant state energy firm PetroVietnam, the Ministry of Public Security said in a statement. The investigation involves Ocean joint stock commercial bank, which was taken over by State Bank in 2015 at no cost after reporting losses of $445 million.

  • *OPEC, Russia meet in Vienna on Friday to discuss output. SINGAPORE, June 22- Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. The Organization of the Petroleum Exporting Countries, a producer cartel de-facto led by top...

  • June 21- General Motors Co will make the new Chevrolet Blazer in Mexico, a company spokesman said on Thursday, at a time when U.S. President Donald Trump is pressing automakers to build more vehicles in the United States. Trump has previously criticized GM for building vehicles in Mexico for sale in the United States.

  • *U.S.- China spat heightens risk of U.S. oil imports- sources. SINGAPORE/ BEIJING, June 21- Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said. Beijing has put U.S. energy...

  • *OPEC meeting, trade wars in focus. TOKYO, June 22- The dollar fell from an 11- month peak against a basket of major currencies as investors took profits in early Asian trade on Friday, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market. "The weak Philly Fed index reinforced fears that President...