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CNBC Utilities Page Wires

  • NEW YORK, July 16- Oil prices slumped about $3 on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. Falling prices offset gains late last week caused by supply outages in Libya, a labor dispute in Norway and unrest in Iraq. Russia and other oil producers could raise...

  • WASHINGTON, July 16- Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday. That translates to nearly $500 billion in lost annual output based on IMF projections, the equivalent of subtracting an economy the...

  • CHICAGO, July 16- U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.- China trade dispute weighed on agricultural markets. The trade dispute has pressured prices recently because soybeans are the most valuable U.S. agricultural export to China, the world's top buyer of the oilseed.

  • LONDON, July 16- Copper eased along with most other metals in London on Monday after data showed that China's economy expanded at a slower pace in the second quarter, pointing to weaker demand. Julius Baer commodity analyst Carsten Menke said the Chinese GDP data pointed to overall stability in the economy but revealed some weakness in the "old economy" or...

  • LONDON, July 16- Copper eased along with most other metals in London on Monday after data showed that China's economy expanded at a slower pace in the second quarter, pointing to weaker demand. Julius Baer commodity analyst Carsten Menke said the Chinese GDP data pointed to overall stability in the economy but revealed some weakness in the "old economy" or...

  • LONDON, July 16- Benchmark northwest European gasoline refining margins rose sharply on Monday after crude prices fell by more than 4 percent and trading activity rose. *Elsewhere, 26,000 tonnes of Eurobob gasoline traded in a range of $678- $707 a tonne fob Amsterdam- Rotterdam, compared with $691- $692 on Friday. *The August swap stood at $682 a tonne at the close,...

  • The bank's shares were up 2.4 percent to $29.24 in morning trading. During his near-decade long tenure, Chief Executive Brian Moynihan has focused on making the bank's sprawling operations more efficient. The corporate tax cuts have helped boost Bank of America's bottom line along with its Wall Street peers, while Federal Reserve interest rate hikes have...

  • LONDON/ MILAN, July 16- European shares fell on Monday, led lower by commodity stocks as an upbeat update from Deutsche Bank and expectations of a strong earnings season kept a lid on losses. Basic resources and autos were also lower as data from key commodity consumer China showed economic growth slowed in the second quarter amid growing worries over a trade war...

  • FARNBOROUGH, England, July 16- Qatar Airways chief executive said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year. "There is a possibility that we will post also a loss in our current financial year, but it's only a...

  • FARNBOROUGH, England, July 16- Northrop Grumman Corp is upbeat about the prospects for the sale of its high-altitude Triton MQ-4C unmanned surveillance system to Germany, but says the deal could take several years to complete. Brian Chappel, sector vice president and general manager of autonomous systems at Northrop, said the German government was working...

  • DAMMAM, Saudi Arabia, July 16- A flight school in Saudi Arabia is opening its doors for women, following the end of a decades-long driving ban in the deeply conservative Muslim country where many social restrictions are easing. Oxford Aviation Academy, a leading trainer and crew recruiter, has already received applications from hundreds of women hoping to start...

  • DAMMAM, Saudi Arabia, July 16- A flight school in Saudi Arabia is opening its doors for women, following the end of a decades-long driving ban in the deeply conservative Muslim country where many social restrictions are easing. Oxford Aviation Academy, a leading trainer and crew recruiter, has already received applications from hundreds of women hoping to start...

  • DAMMAM, Saudi Arabia, July 16- A flight school in Saudi Arabia is opening its doors for women, following the end of a decades-long driving ban in the deeply conservative Muslim country where many social restrictions are easing. Oxford Aviation Academy, a leading trainer and crew recruiter, has already received applications from hundreds of women hoping to start...

  • DAMMAM, Saudi Arabia, July 16- A flight school in Saudi Arabia is opening its doors for women, following the end of a decades-long driving ban in the deeply conservative Muslim country where many social restrictions are easing. Oxford Aviation Academy, a leading trainer and crew recruiter, has already received applications from hundreds of women hoping to start...

  • *Energy stocks fall as crude prices tumble over 3 pct. July 16- Wall Street was mostly flat on Monday as a slump in oil prices dragged energy shares lower, offsetting a jump in financial stocks after Bank of America's strong results reinforced expectations of earnings growth for U.S. companies. Crude oil prices plunged about 4 percent as concerns about supply...

  • MOSCOW, July 16- The rouble held gains on Monday after a first summit between Russian President Vladimir Putin and U.S. Putin and Trump met in Finland's capital Helsinki a few days after the indictment of 12 Russian military intelligence officers on charges of hacking into 2016 U.S. presidential campaign. Hours before he was due to sit down at the summit with...

  • China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low. Emerging market assets have taken a beating in recent weeks because of intensifying trade tensions between the United States and China. Stocks in energy companies, such as Brazilian...

  • *May yields ground to pro-Brexit critics of her plan. LONDON, July 16- Prime Minister Theresa May bowed to pressure from Brexit supporters in her Conservative Party on Monday, accepting their changes to a customs bill that underpins Britain's departure from the European Union. However, by hardening the language to emphasise that the future collection of duties...

  • July 16- Uber Technologies Inc is under investigation by the U.S. Equal Employment Opportunity Commission for alleged gender discrimination on issues such as pay, according to a source familiar with the matter. The probe, which began last August, was first reported by the Wall Street Journal. Uber Chief Executive Dara Khosrowshahi promised to change the...

  • NEW YORK, July 16- The dollar fell on Monday after posting its largest weekly gain in a month last Friday, as investors pared back their long bets on the greenback and rebalanced their positions ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. "The market is just paring back its long dollar positioning, looking to go neutral ahead...