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CNBC Utilities Page Wires

  • *OPEC to meet in Vienna on Friday to set output policy. NEW YORK, June 21- Oil prices fell on Thursday as crude producers appeared to be nearing a deal to increase production at an OPEC meeting in Vienna on Friday, but pared losses after a report of a large stockpile draw at a key storage in the United States. Brent crude dropped 95 cents, or 1.3 percent, to $73.79 a barrel by...

  • ATHENS, Greece— A Greek prosecutor has brought murder charges against unknown perpetrators over a telecoms executive's death— initially dismissed as suicide— on the eve of a major wiretap scandal in 2005.. The charges formally filed Thursday mean that Greek judicial authorities will now try to establish who was responsible for the March 2005 hanging death of...

  • LONDON/ JAKARTA, June 21- Unregulated British firm Financial.org, which is on eight watchdogs' alert lists, has closed all investors' dollar accounts and converted the balances to its new cryptocurrency, according to a notice on the company's Facebook page. Investors can only activate their new cryptocurrency accounts by investing another $7,000 by July 31,...

  • DAR ES SALAAM, June 21- The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance programme to support financing of power projects in the East African nation. The financing from IDA, which gives grants or low-interest loans to the worlds poorest countries, will also fund construction of high voltage...

  • WASHINGTON— The Latest on the U.S. Supreme Court ruling that states can force online shoppers to pay sales tax:. South Dakota's attorney general says a Supreme Court ruling that states can force online shoppers to pay sales tax is a win for South Dakota and Main Street businesses across the country. The ruling is a victory for states who argued they were losing out...

  • PARIS, June 21- The chief executive of Norwegian Air said he was interested in the possibility of a longer-range version of Airbus' A321LR, which the European planemaker is studying in response to Boeing's work on a new' mid-market' jet. Reuters revealed this week that Airbus is considering adding endurance to the longest-range flying version of its single aisle...

  • KONYA, Turkey, June 21- In a dusty business park in Konya, Turkey's conservative industrial heartland, Ahmet Hakan Umit sells imported machine tools that are quickly becoming too expensive for his customers. Even one deal falling through can mean a huge setback, "the 25- year-old finance director of Umit Makina said looking out on a showroom filled with Samsung...

  • Oil in Midland, Texas now sells for about $6 a barrel less than the U.S. benchmark, compared with $1.50 less in January. Halcon Resources Corp this week said it would remove a drilling rig in the Permian Basin next month because of "lower near-term realized oil prices in the Midland market," referring to the regional price. Operators who lack guaranteed space on...

  • BRASILIA, June 21- Deforestation in Brazil's vast savannah, which takes up 25 percent of the country, ticked up in 2017 after a sharp drop in 2016, the Environment Ministry said on Thursday, outpacing destruction of the Amazon rainforest. Revised data from the Environment Ministry showed that deforestation of the Cerrado rose 10 percent in 2015 to 11,881 square...

  • WASHINGTON, June 21- The U.S. Supreme Court on Thursday expanded presidential control over pivotal jobs in federal agencies, ruling that the way the Securities and Exchange Commission selected its in-house judges to enforce investor-protection laws was improper. In a 7-2 ruling, the justices overturned a lower court ruling that had endorsed the SEC's...

  • WASHINGTON— Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. Mortgage buyer Freddie Mac says the average rate on 30- year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30- year rate averaged 3.90 percent a year ago.

  • WASHINGTON, June 21- States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota. The justices, in a 5-4 ruling against Wayfair Inc, Overstock.com Inc and Newegg Inc, overturned a...

  • LONDON, June 21- Italy's bond yields rose, its stocks fell and the euro briefly weakened on Thursday after the Italian government appointed two eurosceptics to head key finance committees in parliament. Claudio Borghi and Alberto Bagnai, both from the far-right League, were picked to head, respectively, the Budget Committee in the lower house of parliament and...

  • HOUSTON— A new report about Hurricane Harvey's impact on the Houston area highlights a variety of issues that it says contributed to the extensive damage. Harvey, which came ashore last August as a Category 4 hurricane, caused an estimated $125 billion in damage in Texas and flooded thousands of homes in the Houston area. It was compiled by a nonprofit,...

  • NEW YORK— Just a month ago oil surged to its highest price in three years, and some investors were wondering if crude was again on its way to $100 a barrel. Reports say OPEC plans to support an increase in production at this week's meeting, revamping an agreement that had capped production since late 2016. Mark Hackett, chief of investment research at financial...

  • New dog owners can expect to shell out $1,200 to $2,000 in the first year, and as much as $14,500 over their pup's lifetime, according to the American Society for the Prevention of Cruelty to Animals. "A good rule of thumb is the bigger the dog, the bigger the budget," says Sarah Javier, president and executive director of the Animal Protective Association of Missouri.

  • NEW YORK, June 21- The dollar fell off an 11- month high on Thursday against a basket of major currencies as the Philadelphia Federal Reserve's gauge of U.S. The euro recovered from its weakest level since July 2017 which was tied to bets on a protracted period of monetary policy divergence between the U.S. and European central banks. That was a convenient excuse...

  • *China looking to target Dow companies- Chinese paper. June 21- U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax. Adding to the pressure on markets was Germany's Daimler cutting its 2018 profit forecast and BMW looking at "strategic options" due to an escalating trade...

  • JOHANNESBURG, June 21- South African transport group Imperial Holdings will spin off its auto dealership business, it said on Thursday, the latest move in a strategic shake-up that will a create a separately listed entity with around $5 billion in annual sales. Imperial's logistics unit, whose trucks haul everything from fuel and beer to cement and vehicles in...

  • June 21- Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found his consensual relationship with an employee violated company policy. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates. Wall Street took Krzanich's...