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CNBC Utilities Page Wires

  • *Conservative Roberts, all liberal justices join 5-4 ruling. WASHINGTON, June 22- The U.S. Supreme Court on Friday imposed limits on the ability of police to obtain cellphone data pinpointing the past location of criminal suspects in a major victory for digital privacy advocates and a setback for law enforcement authorities. In the ruling written by...

  • *Italy bond yields fall after Thursday's sharp rise. Euro zone finance ministers extended maturities and deferred interest of a major part of their loans to Greece and agreed a big cash injection to ensure Athens is able manage a debt level that many feared was unsustainable. "This had been anticipated but it is a positive in terms of the debt relief to Greece and...

  • LONDON, June 22- European and U.S. autos shares fell sharply on Friday after U.S. President Donald Trump threatened a 20 percent tariff on all car imports from the European Union if EU "tariffs and trade barriers" are not removed. Europe's autos stocks sold off rapidly, down as much as 1.3 percent, and Germany's DAX index fell into negative territory, down 0.2 percent...

  • *Real increase for OPEC, Russia seen around 770,000 bpd. *Trump says hopes OPEC will increase "substantially". VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply...

  • *Airbus has 14,000 employees in Britain. Airbus, which makes wings for all its passenger jets in Britain, said that leaving both the EU's single market and customs union immediately and without any agreed transition would lead to "severe disruption and interruption" of production. Germany's BDI industry group warned that Britain is heading towards a...

  • President Donald Trump threatened to impose a 20 percent tariff on all European Union- assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat. The U.S. Commerce Department is investigating whether imports of automobiles and auto parts pose a risk to...

  • Ambassador Dennis Shea told the World Trade Organization on Friday that appeals rulings can be vetoed if they take longer than the allowed 90 days, throwing down a new challenge to the WTO system of enforcing global trade rules. The WTO rules traditionally rely on "negative consensus", whereby a ruling can only be blocked if every member opposes it.

  • ATHENS, Greece— Europe has agreed on a plan to finally shepherd Greece out of its bailout program and keep it afloat in coming years. The country's fellow states in the euro currency union said early Friday that they would give Greece its last loans and ease the cost of repaying old ones. But the deal also means that Greece will have to continue with painful economic...

  • WASHINGTON— The Latest on America's disputes with its trading partners:. President Donald Trump is threatening to slap a 20 percent tariff on cars from the European Union. The EU has just slapped tariffs on $3.4 billion in U.S. products, ranging from bourbon to motorcycles, in retaliation for Trump's decision to tax imported steel and tariffs.

  • SAO PAULO, June 22- Brazil's benchmark Bovespa equities index roared back to life on Friday after tanking almost 3 percent on Thursday as traders bought back into stocks across sectors, seeking bargains amid relative global calm and a solid day on Wall Street. Brazil has also been held back by a number of domestic issues, including a truckers' strike that nearly...

  • WASHINGTON, June 22- The U.S. Supreme Court on Friday imposed limits on the ability of police to obtain cellphone data pinpointing the past location of criminal suspects in a major victory for digital privacy advocates and a setback for law enforcement authorities. In the 5-4 ruling, the court said police generally need a court-approved warrant to get access to...

  • BEIRUT, June 22- German Chancellor Angela Merkel played down expectations of any major breakthrough at hastily-arranged talks among EU leaders on Sunday on the migration dispute dividing Europe. The German chancellor is under pressure to get EU leaders at the main June 28-29 summit to agree to share out migrants more evenly to placate her conservative...

  • CRUDE FUTURES TRADE AT $1 PREMIUM TO SECOND-MONTH, THE BIGGEST SINCE OCTOBER 2014.

  • *OPEC output pact bolsters oil prices, investor sentiment. There was more assurance from the Italian government about staying in the single currency, "said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. Business activity in Germany and France, the euro zone's top two economies, picked up in June despite trade tensions...

  • AMBASSADOR TELLS WORLD TRADE ORGANIZATION THAT IF WTO APPEALS RULINGS TAKE LONGER THAN THE ALLOWED 90 DAYS, THEY CAN BE VETOED.

  • WASHINGTON, June 22- The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. Both companies are based in Houston. Writing for the majority, Justice Clarence Thomas said ION infringed...

  • NEW YORK, June 22- U.S. China kept up its hostile rhetoric with the United States on Friday, saying through the official China Daily that U.S. protectionism would hurt its own economy. The editorial followed stinging remarks from China's commerce ministry on Thursday accusing the United States of being "capricious" over bilateral trade issues, and warned that the...

  • *Real increase for OPEC, Russia seen around 770,000 bpd. *Trump says hopes OPEC will increase "substantially". VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply...

  • LONDON, June 22- House of Fraser creditors approved the struggling British department store group's survival plan at meetings on Friday, paving the way for store closures and up to 6,000 job losses. A string of UK retailers have either gone out of business or announced plans to close shops recently, as they struggle with subdued consumer spending, rising labour...

  • WASHINGTON, June 22- The U.S. Supreme Court on Friday imposed limits on the ability of police to obtain cellphone data pinpointing the past location of criminal suspects in a victory for digital privacy advocates and a setback for law enforcement authorities. In the ruling written by conservative Chief Justice John Roberts, the court decided in favor of...