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CNBC Utilities Page Wires

  • *Talk of stop-loss TRY selling by Japan retail traders. SINGAPORE, May 23- The dollar inched higher versus a basket of currencies on Wednesday, with investors awaiting minutes of the Federal Reserve's last policy meeting for hints on the pace of further U.S. monetary tightening. Against the yen, the dollar fell 0.4 percent to 110.48 yen, edging away from a...

  • BENGALURU, May 23- Gold prices rose on Wednesday amid a steady dollar and uncertainty over the outcome of U.S.- China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates. Trump on Tuesday said he was not pleased with recent trade talks between the United States and China, but kept the...

  • *The most active wheat futures on the Chicago Board Of Trade were up 0.6 percent to $5.24-3/ 4 a bushel by 0100 GMT, having closed up 2.8 percent on Tuesday when prices hit a high of $5.30-1/ 4 a bushel- the highest since May 4. *Dry weather in parts of Canada, eastern Australia and southern Russia, all major wheat exporters, also gave prices a lift. *Better-than-expected U.S....

  • *Sale to form part of Indonesia's 51 pct holding in mine. May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's Inalum for $3.5 billion. No agreement has been reached and there is no certainty that a binding agreement with Indonesia's state mining holding...

  • LONDON, May 22- Hedge funds are rolling forward long positions in the Brent futures contract, and in the absence of offsetting factors this is depressing the value of expiring contracts, pushing futures prices into contango. Since the end of June 2017 hedge funds and other money managers have built up a near-record net long position in Brent in the expectation...

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminium market and trade dynamics, it's curious how hazy its internal workings are.

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminum market and trade dynamics, it's curious how hazy its internal workings are.

  • *Trump says not pleased with recent trade talks with China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.15 percent while Japan's Nikkei lost 0.2 percent. Trump said on Tuesday he was not pleased with recent trade talks between the United States and China, souring the improved market sentiment following weekend comments from U.S.

  • WASHINGTON, May 22- Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase& Co, will not be breaking out the champagne. While Wall Street banks lobbied hard for a range of provisions that would have weakened the 2010...

  • SINGAPORE, May 23- Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market. OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going...

  • REUTERS POLL-BANK OF ENGLAND TO RAISE BANK RATE BY 25 BASIS POINTS TO 0.75 PCT IN AUG.

  • *UK govt scores badly on divorce talk skills. *EU- UK free trade agreement still most probable outcome. LONDON, May 23- Britain's government has handled negotiations with the European Union over its departure from the bloc poorly, according to all economists in a Reuters poll, who did however say there was just a one-in-five chance of a disorderly Brexit.

  • REUTERS POLL-EU- UK FREE TRADE AGREEMENT MOST LIKELY OUTCOME OF BREXIT TALKS- ECONOMISTS.

  • REUTERS POLL-MEDIAN 20 PCT CHANCE OF DISORDERLY BREXIT.

  • REUTERS POLL- UK GOVERNMENT HAS HANDLED EU DIVORCE TALKS POORLY- ECONOMISTS.

  • WASHINGTON, May 22- Committees in the U.S. Senate and the House of Representatives voted on Tuesday to approve bills aimed at tightening oversight of foreign investment to slow China's acquisition of sensitive U.S. technology. The Senate Banking Committee and the House Financial Services Committee approved laws that would strengthen the Committee on...

  • WASHINGTON, May 22- The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory. Tuesday's vote eases some of the 2010 Dodd-Frank rules that have hurt smaller banks and community lenders and keeps the...

  • Federal Reserve Today in Washington. 23- May United States Sale of 2- year floating rate notes 23- May United States Sale of 5- year notes 23- May Germany Auction of 2- year Treasury notes 24- May United States Sale of 7- year notes 24- May United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2036 24- May Sweden Auction of inflation-linked government...

  • BRUSSELS- Participation in a panel by ECB Supervisor Ignazio Angeloni at 2018 IIF Spring Meeting organised by the Institute of International Finance in Brussels, Belgium 0900 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves and Head of the Department of Financial Stability Olof Sandstedt participate in a press conference on financial stability 0900 GMT.

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Australia-China Relations Institute, Sydney 0805 GMT. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference 1100 GMT. TUESDAY, MAY 29 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.