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CNBC Utilities Page Wires

  • June 22- ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday. ZTE, China's No. 2 telecommunications equipment maker, ceased major operations after the Commerce...

  • NEW YORK, June 22- U.S. China kept up its hostile rhetoric with the United States on Friday, saying through the official China Daily that U.S. protectionism would hurt its own economy. "People believe that if we actually go into a trade war, the economy falls apart and inflation goes down," said Stan Shipley, strategist, at Evercore ISI in New York.

  • SANTIAGO, June 22- Chile lithium miner SQM said on Friday it had decided against hiring former Chairman Julio Ponce as an adviser, reversing a decision that had sparked criticism from politicians and Chile's business community. Ponce, a former son-in-law of late Chilean dictator Augusto Pinochet, is a controversial figure in Chile. "Given that his hiring as an...

  • MILAN, June 22- Ray-Ban owner Luxottica said on Friday it had bought the world's top manufacturer of optical glass sun lenses Barberini in a 140 million euro deal. "The transaction allows the group to strengthen its know-how in glass sun and prescription lenses, which is considered the most valuable among optical materials," Luxottica said in a statement.

  • *OPEC to raise output by around 1 mln bpd in nominal terms. *No individual targets for OPEC members. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 million barrels per day.

  • FRANKFURT, June 22- Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said. Earlier this week, the European Commission said it would start charging import duties of 25 percent on a range of...

  • *Oil prices jump after OPEC agrees to modest hike in supply. NEW YORK, June 22- The S&P 500 and Dow Jones Industrial Average advanced on Friday, with the Dow poised to end an eight-day losing streak, as a jump in oil prices lifted energy stocks, but losses in technology stocks kept the Nasdaq in check. A rally in oil prices due to an earlier OPEC decision to restrict supply...

  • *OPEC output pact bolsters oil prices, investor sentiment. There was more assurance from the Italian government about staying in the single currency, "said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. Business activity in Germany and France, the euro zone's top two economies, picked up in June despite trade tensions...

  • YAMOUSSOUKRO, Ivory Coast, June 22- Top cocoa producer Ivory Coast could grind 50 percent of its current output locally by 2022, boosted by fiscal measures and incentives given to companies in the sector, the deputy head of the Coffee Cocoa Council marketing board said on Friday. Ivory Coast has an installed grinding capacity of 712,000 tonnes.

  • BEIRUT, June 22- German Chancellor Angela Merkel played down expectations of any major breakthrough at hastily-arranged talks among European Union leaders on Sunday on the migration dispute dividing Europe and threatening her own government. But Italy and others are very reluctant. The CSU will assess at a meeting on July 1 whether any deal Merkel reaches in...

  • Among major oil- and gas-producing states, Alaska gained two rigs and Wyoming added one. Colorado, North Dakota, Pennsylvania and Texas each lost one. Arkansas, California, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • The lawmakers said allegations that HBOS had concealed the fraud, one of Britain's worst-ever banking scandals that saw six people jailed for a total of 47 years last year, should be subject to "full, forensic and expeditious investigations by regulators." A Lloyds spokeswoman reiterated the bank's statement on Tuesday that the internal 2013 report had been...

  • ATHENS, June 22- After long insisting he would only wear a neck tie when Greece's debt problem was settled, Prime Minister Alexis Tsipras duly did so on Friday, after euro zone peers offered debt relief that marks a turn away from the country's long crisis. The 43- year-old sported a burgundy number-- briefly-- when addressing an evening meeting of political allies in...

  • June 22- In the years before he became president of the United States, Donald Trump owned luxury German cars. On Friday, Trump threatened to impose a 20 percent import tariff on all European Union- assembled vehicles, a move that could upend the industry's current business model for selling cars in the United States. Because of high pollution and scorching...

  • MOSCOW, June 22- Shares in Russian business conglomerate Sistema fell 8.7 percent in Moscow trade on Friday, after two U.S. lawmakers called for an investigation into whether the group's owner should be subject to sanctions. Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, Congress members Ileana Ros-Lehtinen and Mark Walker called for "...

  • FRANKFURT, June 22- Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper. This month, Munich prosecutors widened their probe into VW's premium brand Audi. They said they were...

  • In the past, a woman looking to buy a car in Saudi Arabia would focus on the features in the back, but Obeid is checking out the driver's seat, picturing herself doing grocery store runs or school drop-offs. Saudi Arabia is the largest automobile market in the Middle East, with at least 405,000 cars expected to be sold this year. Still, car sales are expected to increase...

  • SALEM, Ore.— After a multi-day freeze triggered by a wave of spam messages, officials confirmed late Thursday that Oregon government emails could once again reach the public— and described the attack as part of a sophisticated scheme. The freeze, initiated by providers at four popular email servers including Hotmail and Outlook, had blocked all messages from...

  • June 22- Natus Medical Inc said on Friday its stockholders had elected hedge fund Voce Capital Management's nominees to the company's board, ending a months long proxy fight. The medical device maker also said the preliminary count of votes showed that its stockholders had voted to reject Voce's proposal to remove the company's Chairman, Robert Gunst.

  • *Conservative Roberts, all liberal justices join 5-4 ruling. WASHINGTON, June 22- The U.S. Supreme Court on Friday imposed limits on the ability of police to obtain cellphone data pinpointing the past location of criminal suspects in a major victory for digital privacy advocates and a setback for law enforcement authorities. In the ruling written by...