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CNBC Utilities Page Wires

  • *Company used to be one of China's top soybean importers. The company, once one of the country's largest soybean importers, registered the bankruptcy on Friday with a court in the county of Juxiang in Shandong province, according to a filing on a website run by China's Supreme Court. It is headquartered in Rizhao, China's major crushing hub in eastern Shandong...

  • TOKYO, July 23- Japan's Nikkei fell to a 10- day low on Monday, with exporters driven down by the yen's rally and index heavyweight Fast Retailing hit by speculation the Bank of Japan could wind back its exchange-traded fund purchases. The Nikkei ended the day down 1.33 percent at 22,396.99 after going as low as 22,341.87, its weakest intraday level since July 13.

  • *China Premier calls for swift investigation. *China has been making big push to raise drug safety. SHANGHAI, July 23- A vaccine scandal in China, which has prompted angry reactions from leaders and citizens fed up with safety scares in the country, is sending ripples across the local drug market and threatening Chinese ambitions to play a larger global role.

  • TOKYO, July 23- The dollar slumped against major peers on Monday, knocked lower by U.S. President Donald Trump's comments on the greenback's strength while the yen spiked on reports Japan's central bank is debating moves to reduce its massive monetary stimulus. Against the yen, the dollar fell to two-week lows of 110.75 yen, having lost more than two percent from...

  • DUBLIN, July 23- Ryanair on Monday warned that average fares would be lower than expected during its key summer period due to high competition, unusually hot weather in Northern Europe and uncertainty caused by a series of strikes. But the profit of 319 million euros for the quarter was in line with earlier guidance and slightly ahead of a forecast of 305 million...

  • MELBOURNE, July 23- London copper eased on Monday but held above a one-year low hit last week on mounting concerns that escalating trade tariff spats could dent demand, although a weaker dollar cushioned losses. *LME COPPER: London Metal Exchange copper eased by 0.1 percent to $6,137 a tonne by 0520 GMT, after prices last week fell for the sixth week in a row, hitting...

  • *China buys nearly all its sorghum imports from the U.S. *China imposed 25 percent tariffs on U.S. corn, sorghum on July 6. China brought in 450,000 tonnes of sorghum in June, up from last year's 324,301 tonnes.

  • LOCKPORT, N.Y.— The surveillance system that has kept watch on students entering Lockport schools for over a decade is getting a novel upgrade. "We shake our heads that we're having to deal with and talk about these kinds of security issues," said Robert LiPuma, technology director for the Lockport district, east of Niagara Falls, "but here we are."

  • *China Tower secures $1.4 bln from 10 cornerstone investors. HONG KONG, July 23- China Tower, the worlds largest telecoms tower operator, has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, people close to the deal said. The Beijing- based mobile phone...

  • SAN FRANCISCO, July 20- Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Investors are worried about the impact on earnings should the United States' trade war with China and other major trading partners escalate.

  • *Lower 60 pct of earners behind most of 2016-2017 consumption growth. PHILADELPHIA, July 23- By almost every measure, the U.S. economy is booming. With borrowing costs on the rise, inflation picking up and the effects of President Donald Trump's tax cuts set to wear off, a negative shock- a further rise in gasoline prices or a jump in the cost of goods due to tariffs- could...

  • The letter was delivered during a recent meeting in Mexico with senior U.S. officials, and details were disclosed once Trump had received it, said Lopez Obrador, a leftist who won Mexico's July 1 presidential election in a landslide. Marcelo Ebrard, the president-elect's proposed foreign minister, read a copy of the letter at a news conference with Lopez Obrador...

  • LAUNCESTON, Australia, July 23- Crude oil isn't formally part of the trade dispute between the United States and China, but it may well be the first major flow to be disrupted significantly by the rising tensions. One of the successes in the efforts to lower the trade surplus enjoyed by China over the United States was exports of crude, a result of the shale oil boom...

  • BEIJING, July 23- Chinese soybean crusher Shandong Sunrise Group has filed for bankruptcy after failing to repay its debts, according to a court filing, highlighting the problems facing the sector as demand for animal feed declines and credit remains tight. The company registered the bankruptcy on Friday with a court in the county of Juxiang in Shandong...

  • BEIJING, July 23- In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese carmaker...

  • *HK-> Shanghai Connect daily quota used -1 pct, Shanghai-> HK daily quota used 1.4 pct. SHANGHAI, July 23- China stocks rose on Monday as banking and industry sectors climbed, but a slump in healthcare shares amid a vaccine scandal capped the gains. **Meanwhile, investors bought banking and industry stocks, after China released draft rules and guidelines to strengthen...

  • SINGAPORE— Asian markets were mostly lower on Monday as concerns over trade tensions moved to the forefront at the meeting this weekend of the Group of 20 industrial nations. KEEPING SCORE: Japan's Nikkei 225 tumbled 1.3 percent to 22,403.45 and South Korea's Kospi dropped 0.7 percent to 2,272.57. The Nasdaq composite dipped 0.1 percent to 7,820.20 while the...

  • BEIJING— China launched a trade investigation Monday of steel from Europe and South Korea, potentially complicating efforts to recruit them as allies in its tariff dispute with U.S. The Commerce Ministry said it will look into whether some stainless steel products from the European Union, South Korea, Japan and Indonesia are sold at improperly low prices and...

  • *Spot gold may rise towards $1,246/ oz- technicals. BENGALURU, July 23- Gold prices were steady on Monday near their highest since July 17 as the dollar eased to its lowest in nearly two weeks after U.S. Spot gold was at $1,231.87 an ounce, up 0.03 percent,.

  • SHANGHAI, July 23- China's yuan strengthened against an easing U.S. dollar on Monday, snapping four straight sessions of losses, after U.S. Trump also accused China and the European Union in a Twitter post of manipulating their currencies and interest rates lower though yuan traders said the comments had no major impact on the Chinese currency yet.