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CNBC Utilities Page Wires

  • *Mercari raised $1.2 bln in largest IPO in Japan this year. TOKYO, June 19- Flea market app operator Mercari Inc's shares surged 77 percent in their Tokyo stock market debut on Tuesday, underscoring strong investor appetite for a rare Japanese unicorn bent on U.S. expansion. A popular smartphone app that allows people to trade used items online, Mercari has been...

  • BRUSSELS, June 19- The European Commission is examining whether to extend measures to control imports of solar panels from China, a move that could fuel tensions with Beijing which had welcomed plans to phase them out in September. The European Union extended anti-dumping and anti-subsidy measures for Chinese solar panels, wafers and cells by 18 months in...

  • *Yen, Swiss franc up after Trump warns of new tariffs on China. Hostility over trade between the world's two largest economies intensified on Tuesday when Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation. Months of tit-for-tat trade measures between Beijing and Washington...

  • FRANKFURT, June 19- The supervisory board of Audi has suspended Chief Executive Rupert Stadler and appointed executive Bram Schot as an interim replacement, a source familiar with the matter said on Tuesday. German broadcaster Bayerischer Rundfunk was first to report that Stadler was suspended and that Schot was now interim CEO at Volkswagen Group's most...

  • ALMATY, June 19- Kazakhstan is taking management lessons from warrior-emperor Genghis Khan as it seeks to conquer neighbouring countries' food markets, Deputy Agriculture Minister Arman Yevniyev said on Tuesday. "Genghis Khan can be considered the founder of project management," he said unexpectedly, livening up the meeting which was broadcast online.

  • SINGAPORE, June 19- Asia's naphtha crack extended losses and hovered near a two-month low for the second day at $73.38 a tonne on Tuesday as supplies were expected to increase in July versus June.- More supplies coming through to Asia from the West including Europe and the Mediterranean have eroded premiums, although levels were still leaning on the high side.-...

  • *U.S.- China trade may hit U.S. bean exports. HAMBURG, June 19- Chicago soybeans fell to their lowest since March 2016 on Tuesday, and corn hit its lowest since January, on concern the U.S./ China trade dispute could damage U.S. agricultural exports, while the good condition of U.S. crops also weighed on prices. Chicago Board of Trade most-active July soybeans hit...

  • *OPEC refuses to discuss U.S. sanctions against Iran. VIENNA, June 19- Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group. OPEC's de facto leader, Saudi Arabia, and non-member Russia have proposed gradually relaxing production cuts- in...

  • NEW YORK— Alexa has a new job: hotel concierge. Amazon has launched a version of Alexa for hotels that lets guests order room service through the voice assistant, ask for more towels or get restaurant recommendations without having to pick up the phone and call the front desk. Marriott has signed up for the service, and will place Amazon Echo smart speakers in 10...

  • BEIJING, June 19- China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. The sheer size of Trump's latest threat makes it impossible for an in-kind response from China since the value of the goods involved exceeds by $70 billion the total value of U.S. imports to China last year, U.S. data shows.

  • *Audi board talks start at 11 a.m. local time- source. MUNICH, June 19- Volkswagen bosses were locked in a second day of hastily convened meetings to address a leadership crisis sparked by the arrest of the head of the carmaker's Audi brand, sources familiar with the matter said on Tuesday. The steering committee of VW's board of directors, which includes VW Chairman...

  • Ferguson, which serves about a million customers, has been investing more in the United States, which accounts for 90 percent of its trading profit. Previously known as Wolseley Plc, the company changed its name to Ferguson to reflect the size and importance of its U.S. operations. Ferguson's profit rose to $356 million in the three months ended April 30 from $304...

  • June 19- Ferguson Plc, the world's largest distributor of plumbing and heating products, on Tuesday posted a 17.1 percent rise in quarterly profit, helped by solid demand from U.S. residential markets. The company said profit rose to $356 million in the three months ended April 30 from $304 million, a year earlier. The company said the current quarter had started...

  • June 19- Ferguson Plc, the world's largest distributor of plumbing and heating products, on Tuesday posted a 17.1 percent rise in quarterly profit, helped by solid demand from U.S. residential markets. The company said profit rose to $356 million in the three months ended April 30 from $304 million, a year earlier. The company said the current quarter had started...

  • HOUSTON, June 19- Major U.S. energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. For the energy industry, the potential for relief has taken on added importance...

  • June 19- Amazon.com Inc said on Tuesday that it has partnered with Marriott International Inc to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry. Alexa for hospitality would assist in providing services ranging from ordering room service to...

  • *Hungary cbank under pressure to clarify goals- analysts. BUDAPEST, June 19- The forint edged towards record lows, staying under pressure before the Hungarian central bank's meeting on Tuesday as investors questioned the bank's policy targets. The NBH, one of the world's most dovish central banks, has pledged to maintain loose policy even as the Federal Reserve...

  • *China c.bank injects liquidity following Trump tariff threat. SHANGHAI, June 19- Shanghai stocks tumbled nearly 4 percent on Tuesday to a two-year low, while the yuan fell to a more-than-five-month low against the dollar as Washington's fresh tariff threats against China raised the spectre of a full-blown trade war. Meanwhile, the yuan weakened to a low of...

  • *China should appropriately reduce RRR- c.bank working paper. BEIJING, June 19- China should appropriately cut banks' reserve requirement ratios to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move to support the economy as U.S. trade threats grow. "China should appropriately reduce its...

  • *OPEC, non- OPEC producers to meet in Vienna this week. OPEC and non- OPEC producers are scheduled to meet on June 22-23 in Vienna to discuss a possible increase in output after more than a year and a half of coordinated cuts which have taken 1.8 million barrels per day out of the market. Under the deal among OPEC and non- OPEC producers, Russia agreed to cut production by...