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CNBC Utilities Page Wires

  • President Donald Trump's criticism of Russia's Nord Stream -2 gas pipeline to Europe is an egregious example of unscrupulous competition and it worries Moscow, Kremlin spokesman Dmitry Peskov was quoted as saying on Monday. Speaking shortly before Trump and Russian President Vladimir Putin sit down together for a summit in the Finnish capital, Peskov also...

  • SHANGHAI, July 16- China's yuan weakened past a key threshold to its lowest level in two weeks against the U.S. dollar on Monday after Beijing reported slightly softer economic growth data, but it quickly recovered all of the earlier loss. Prior to market opening, the People's Bank of China set the yuan's midpoint rate at 6.6758 per dollar, 31 pips weaker than...

  • Decades-old programs reduce or refund import duties on supplies like steel when companies in Canada can show the material is used in export products. While imposing tariffs against a long list of U.S. products this month, Canada clarified that "duties relief" and "duty drawback" programs would be available to Canadian exporters. Some 85 percent of vehicles built...

  • NEW YORK, July 16- A reliable bond market indicator may be waving the flag that a U.S. recession is coming, market watchers said, and it is not the flattening yield curve. Credit spreads are the other element that's a pretty big tell, "said Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments in Minneapolis. With investors watching for signs...

  • MABI, Japan- July 16- When Isao Akutagawa moved to the sleepy riverside town of Mabi in western Japan 45 years ago, it seemed like the perfect suburb to raise his children. Land was cheap and he could drive to his job in nearby Kurashiki City. Torrential rains across western Japan this month triggered floods and landslides that killed more than 200 people and left...

  • BEIJING, July 16- China's property investment posted its weakest growth in six months in June as developers faced fresh curbs and tighter funding conditions, with sales also slowing, in a sign one of the economy's key drivers was losing steam. "Developers have accelerated sales which has cushioned a sharper drop in real estate investment," said Yang Yewei, a...

  • BEIJING— A senior European Union official on Monday urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. European Council President Donald Tusk was speaking in Beijing at the opening of a summit between China and the European Union, just hours ahead of a summit between...

  • WASHINGTON— A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington. Documents made public by the Justice Department show that Mercury LLC drafted...

  • *HK-> Shanghai Connect daily quota used 0 pct, Shanghai-> HK daily quota used -0.6 pct. **China's economy expanded at a slower pace in the second quarter as Beijing's crackdown on debt risks crimped activity, while June factory output growth weakened to a two-year low in a worrying sign as a heated trade war with the United States threatens to knock exports.

  • BANGKOK— Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations. The Kospi in South Korea fell 0.2 percent to 2,307.06 and Australia's S&P ASX 200 gave up 0.3 percent to 6,246.80. Shares fell in Southeast Asia and Taiwan.

  • NEW YORK— The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn. More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.' relentless construction, along with rent...

  • *Spot gold may break support at $1,237/ oz- technicals. BENGALURU, July 16- Gold prices recovered from a seven-month low on Monday, after sluggish GDP data from China weighed on Asian stocks and as the dollar traded below its recent highs. 0345 GMT, after marking the lowest since Dec. 12 at $1,236.58 on Friday.

  • DETROIT— Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax cuts that the Trump administration pushed through Congress have yet to affect their plans for hiring or...

  • SHANGHAI, July 16- Asian shares fell on Monday as new data showed China's economy slowed slightly in the second quarter, compounded by fears of a full-scale Sino-U.S. trade war looming over markets. Official data showed China's economy grew 6.7 percent in the second quarter of 2018, cooling from the 6.8 percent growth registered in each of the previous three...

  • ADJUNTAS, Puerto Rico— It was finally a night to celebrate in this village tucked into the mountains of central Puerto Rico. Lights are slowly coming on for the more than 950 homes and businesses across Puerto Rico that remain without power in hard-to-reach areas. It is slow work, and it has stretched nearly two months past the date when officials had promised that...

  • China needs to advance investment treaty negotiations with the EU and both should share the objective of concluding agreements at an early date, Premier Li said when meeting with European Council President Donald Tusk and European Commission President Jean-Claude Juncker in Beijing.

  • BEIJING— A senior European Union official on Monday urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. European Council President Donald Tusk was speaking in Beijing at the opening of a summit between China and the European Union, just hours ahead of a summit between...

  • SINGAPORE, July 16- Chicago soybean futures were largely unchanged on Monday with the market trading near last session's decade-low on concerns Washington's trade war will curb U.S. exports. Wheat lost ground after two sessions of strong rally which was sparked by lower production in key exporting countries in Europe and the Black Sea region.

  • BEIJING, July 16- European Council President Donald Tusk said on Monday China, the United States and Russia had a duty not to start trade wars and called on the three countries to reform the World Trade Organization. He said there was still time to prevent conflict and chaos. Tusk and European Commission President Jean-Claude Juncker are in Beijing to meet...

  • BEIJING— EU chief Donald Tusk urges US, Russia and China not to start trade wars and destroy world order that has brought peace.