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CNBC Utilities Page Wires

  • Trump has already slapped tariffs on steel and aluminum from Canada on national security grounds and is threatening similar punitive measures against autos, which would badly hurt the Canadian economy. Trudeau told a news conference that given the closely integrated nature of the North American auto industry, any action against Canada would hurt U.S....

  • FRANKFURT, June 20- Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles. China has warned it would retaliate with levies on U.S. products, potentially including the Mercedes-Benz sport utilities shipped to China from...

  • Micron said it expects fourth-quarter revenue in the range of $8.0 billion and $8.4 billion, compared with analysts' estimate of $8.07 billion. "Based on a share count of about 1.23 billion shares, these results should drive EPS of $3.30, plus or minus $0.07," Micron's Chief Financial Officer David Zinsner said on a conference call with analysts.

  • BRASILIA/ SAO PAULO, June 20- Brazil's central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after the country's currency fell to its weakest levels in more than two years. The bank acknowledged, however, that a nationwide protest by truckers in the final weeks of May had raised uncertainty over the economic outlook,...

  • LONDON, June 20- Britain's finance minister will try to reassure bankers on Thursday that he will protect their interests as London leaves the EU, with a major speech emphasizing open trade and financial services industry relationships both with Europe and beyond. Philip Hammond, the most pro-European of Prime Minister Theresa May's top ministers, will say he...

  • NEW YORK, June 20- Four major U.S. airlines have asked the federal government not to use their flights to transport migrant children who have been separated from their parents as part of the Trump administration's policy on illegal immigration. American Airlines Group Inc, United Continental Holdings Inc and Frontier Airlines issued statements on Wednesday...

  • NEW YORK, June 20- Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $7.54 billion of net new cash in the week ended June 13, according to Investment Company Institute data released on Wednesday. President Donald Trump and North Korean leader Kim Jong Un, said Bryan Hinmon, portfolio manager of the...

  • MSCI EXECUTIVE SEBASTIEN LIEBLICH SAYS NO MAJOR CONCERNS REMAIN ABOUT INVESTOR ACCESS TO SAUDI MARKET- CONFERENCE CALL.

  • *CANADA'S TRUDEAU SAYS HE HAS HARD TIME ACCEPTING THAT TRUMP WOULD WANT TO DAMAGE U.S. *CANADA'S TRUDEAU, ASKED ABOUT PERSONAL ATTACKS ON HIM BY TRUMP, SAYS THERE HAVE ALWAYS BEEN CHALLENGES IN CANADA- U.S. *CANADA'S TRUDEAU SAYS LOOKS FORWARD TO CONTINUING A CONSTRUCTIVE RELATIONSHIP WITH U.S.' TRUMP, EXPECTS TO SEE HIM NEXT AT NATO SUMMIT IN JULY.

  • NEW YORK, June 20- Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their local equities. International investors' expectations are now "that the current privatization...

  • NEW YORK, June 20- Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate hikes. Fed Chairman Jerome Powell cited a labor market that does not seem to...

  • A draft of the report, by the Department of Health and Human Services' toxicology office, had set off alarms within the Trump administration earlier this year. The EPA, which scheduled a series of hearings on the chemicals, said last month that it would move toward formally declaring the two most common forms of PFAS as hazardous substances and make...

  • CONAKRY, June 20- Sanctions-hit Russian aluminium producer Rusal restarted production at its Friguia alumina refinery in Guinea on Wednesday after a six-year pause, the West African country's mines minister told Reuters. Rusal, the world's largest aluminium producer outside China, has been hit by U.S. sanctions that analysts had said could delay the restart...

  • WASHINGTON, June 20- The U.S. Commerce Department said on Wednesday it had made a preliminary finding that imports of large-diameter welded pipe from China, India, South Korea and Turkey were subsidized by those countries. It said in a statement that it was imposing preliminary anti-subsidy duties on imports of welded pipe from India of up to 541.15 percent and...

  • NEW YORK, June 20- Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war. Planemaker Boeing, automaker General Motors, casino operator Las Vegas Sands, package delivery company FedEx...

  • BERKELEY COUNTY, South Carolina, June 20 (Reuters- C hinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.- China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state. "We want to export and if suddenly China and Europe have very high barriers,...

  • WASHINGTON, June 20- Some Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd, which they described as a security threat. In a letter to Google Chief Executive Sundar Pichai, the lawmakers said Google recently decided not to renew "Project...

  • MEXICO CITY, June 20- Mexico's peso firmed on Wednesday, helped by expectations that the central bank will raise interest rates this week, while the Brazilian real sank on bets policymakers would not tighten borrowing costs. The Mexican peso climbed over 0.8 percent, adding to a rebound from 1-1/ 2- year low it hit last week amid a broad dollar rally, a deadlock in...

  • CANADIAN PRIME MINISTER TRUDEAU SAYS GOVERNMENT WILL SUPPORT AUTO WORKERS THREATENED BY POSSIBLE U.S.

  • *House of Commons backs May's plan on EU exit laws. LONDON, June 20- Prime Minister Theresa May won a crucial Brexit vote in parliament on Wednesday, keeping her divided government's plans to end more than 40 years of British partnership with the European Union on track. After pro-EU Conservative lawmaker Dominic Grieve said he would support the government's...