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CNBC Utilities Page Wires

  • TOKYO, June 22- Japan's Nikkei share average dropped on Friday as shares of automakers fell after Germany's Daimler cut its profit forecast citing tariff concerns, while weak U.S. economic data dampened investor sentiment. Daimler cut its 2018 profit forecast on fears of tariffs on Mercedes Benz cars it exports from the United States to China.

  • BEIJING, June 22- The political "thought" of President Xi Jinping, China's most powerful leader in decades, is encapsulated in two weighty tomes and dozens of published "important speeches." "Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era," as it is officially known, is an all encompassing theory guiding China to become a global military...

  • BEIJING, June 22- Armed with interactive online courses, generous funding and new dedicated research institutes, China's universities are on the frontlines of an effort to promote the thinking of President Xi Jinping to China and the world. Since October, many universities across China have placed "Xi Thought" at the core of their curricula the first time since...

  • ULAANBAATAR, June 22- Mongolia launched construction of its first oil refinery on Friday, a long-awaited project that is funded by India and designed to end the country's dependence on Russian fuel. Still, Mongolia's new refinery, planned for completion in late 2022, will meet all of the nation's demand for gasoline, diesel, aviation fuel and liquefied...

  • *OPEC, Russia meet in Vienna on Friday to discuss output. *Saudi Arabia, Russia want to raise supply. The Organization of the Petroleum Exporting Countries, a producer cartel with top exporter Saudi Arabia as the de facto head, is meeting together with non- OPEC members including No.1 producer Russia at its headquarters in the Austrian capital to discuss output...

  • SHANGHAI, June 22- China's yuan fell to its lowest in more than five months against the dollar on Friday, hit by weaker central bank guidance and continuous seasonal corporate demand for the greenback. The Chinese currency, set for its worst week since November 2016, has erased all the gains it made this year. Prior to market opening, the People's Bank of China...

  • *Canadian dollar sags on trade worries, lower oil, OPEC eyed. TOKYO, June 22- The dollar pulled back from an 11- month peak against a basket of major currencies on Friday as investors took profits after the currency's earlier rally, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market.

  • SHANGHAI/ BEIJING, June 22- U.S. protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernisation, Chinese state media said on Friday as Beijing kept up with its war of words with Washington over trade. The official China Daily said in an editorial the United States had failed to understand that the...

  • TOKYO, June 22- Japan's financial regulator has told the country's banks to report any suspicious money transfers involving 10 Japan- North Korea joint ventures, two people with direct knowledge of the matter said on Friday. The United Nations Security Council last year passed a resolution banning new joint ventures involving individuals or groups from...

  • BOSTON, June 21- The head of a company that distributes marine-related products was arrested on Thursday on U.S. charges that he conspired with an entity affiliated with China's armed forces to export devices to that country that could be used in anti-submarine warfare. Shuren Qin, a Chinese national living in Wellesley, Massachusetts, was charged in a criminal...

  • *Shanghai-> HK daily quota used 0.4 pct. SHANGHAI, June 22- Shanghai stocks hit a fresh two-year low before rising slightly on Friday morning, as investors remained on guard for a potential full-blown trade war between China and the United States. **Stepping up its war of words with the United States, Chinese state media said U.S. protectionism is self-defeating and a "...

  • *Spot gold still targets $1,258/ oz- technicals. Spot gold was little changed at $1,267.38 an ounce,. In the prior session, the bullion touched $1,260.84, its lowest since Dec. 19, 2017.

  • SINGAPORE, June 22- Copper prices were on Friday poised to decline for a second week, pressured by fears that trade conflict between Washington and Beijing would hit demand in China, the top consumer of industrial metals. Three-month copper on the London Metal Exchange had risen 0.2 percent to $6,800 a tonne by 0348 GMT, while the most-traded copper contract on...

  • *Oil choppy ahead of crucial OPEC meeting. TOKYO, June 22- Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output. South Korea's KOSPI hit nine-month lows and in mainland...

  • TOKYO, June 22- Japan's financial regulator has ordered the country's banks to report any suspicious money transfers involving 10 Japan- North Korea joint ventures, two people with direct knowledge of the matter said on Friday. A government official and a manager at a major Japanese bank said the Financial Services Agency on Monday told Japanese banks and...

  • *MALAYSIA NAMES NOR SHAMSIAH AS NEW CENTRAL BANK GOVERNOR- BLOOMBERG Source text: https://bloom.bg/2JXHTL0.

  • *OPEC, Russia meet in Vienna on Friday to discuss output. SINGAPORE, June 22- Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. The Organization of the Petroleum Exporting Countries, a producer cartel de-facto led by top...

  • *France's JCDecaux also bidding for APN. SYDNEY, June 22- Australian billboard firm APN Outdoor Group sweetened its takeover bid for rival HT&E Ltd's bus stop advertising business on Friday, heating up an international tussle for dominance in Australia's lucrative outdoor ad market. APN has hiked by 8 percent a cash-and-scrip offer which it said values HT&E's...

  • SINGAPORE, June 22- Debt-laden commodities trader Noble Group said on Friday it had secured $100 million in trade finance facilities from a group of investors, winning fresh support for a $3.4 billion debt restructuring plan that is key to its survival. In a regulatory statement, Noble, once Asia's largest commodity trader, said a consortium of investors, which...

  • Prices have been on an upward trend since bottoming in 2016 after five years of losses, and miners are once again making good profits amid strong demand from top importers China and India, new consumers such as Pakistan and the reliable veteran buyers like Japan and South Korea. In 2012, the industry was cock-a-hoop over forecasts that pointed to massive import...