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CNBC Utilities Page Wires

  • *Markets eyeing Jun. 22 OPEC meeting. *Saudi Arabia, Russia pushing for modest output increase. De-facto OPEC leader and top crude exporter Saudi Arabia as well as Russia, which is not a member of the cartel but the world's biggest oil producer, are pushing for looser supply controls, which were introduced in 2017 to prop up prices.

  • NEW YORK— Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales. The Seattle- based company announced Tuesday that it will close 150 underperforming stores in heavily penetrated markets, up from the usual rate of 50 closings a year. CEO Kevin Johnson told investors the company halted its marketing campaign...

  • CARACAS, June 19- Venezuela on Tuesday tapped industrial engineer Calixto Ortega as the country's new central bank chief as it struggles amidst a hyperinflationary collapse of the national economy. Ortega was designated by the country's all-powerful Constituent Assembly, which is 100 percent controlled by allies of the ruling Socialist Party.

  • S&P Dow Jones Indices said on Tuesday that GE, an original member of the Dow when it was formed by Charles Dow in 1896 and a continuous member since 1907, will be replaced in the 30- component stock average by drug store chain Walgreens Boots Alliance Inc prior to the start of trading on June 26. Last month, Chief Executive John Flannery warned that GE may not be able...

  • EXCLUSIVE-NO PNB OFFICER WHO INSPECTED FRAUD-HIT MUMBAI BRANCH RAISED ANY MAJOR ALARM DURING 2010-2017- INTERNAL REPORT.

  • MUMBAI/ NEW DELHI, June 20- A $2 billion fraud at India's Punjab National Bank may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank's own internal probe has found. PNB, India's second-biggest state-controlled lender, has previously alleged that a...

  • MUMBAI, India- The Reserve Bank of India will release the Monetary Policy Committee minutes for June policy- 1130 GMT. BANGKOK- Bank of Thailand monetary policy committee meeting. **BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT.

  • SINTRA, Portugal- Federal Reserve Chairman Jerome Powell participates in "Monetary Policy at a Time of Uncertainty and Tight Labor Markets" panel before the 2018 ECB Forum on Central Banking- 1330 GMT. SINTRA, Portugal- Participation by the ECB President Mario Draghi in Policy Panel at ECB Forum on Central Banking in Sintra, Portugal 1330 GMT.

  • SINTRA, Portugal- Federal Reserve Chairman Jerome Powell participates in "Monetary Policy at a Time of Uncertainty and Tight Labor Markets" panel before the 2018 ECB Forum on Central Banking- 1330 GMT. SINTRA, Portugal- Participation by the ECB President Mario Draghi in Policy Panel at ECB Forum on Central Banking in Sintra, Portugal 1330 GMT.

  • EXCLUSIVE- INDIA'S PNB FINDS LAPSES BY 54 STAFF IN $2 BLN BANK FRAUD CASE-INTERNAL REPORT.

  • Federal Reserve Today in Washington. 20- Jun Germany Auction of 30- year Federal bonds 20- Jun Portugal Auction of Treasury bills 21- Jun France Index-linked Securities auction 21- Jun Japan Auction of 5- year government bonds 21- Jun Spain Bond auction 22- Jun Japan 3- month discount bill auction 26- Jun Japan Auction of 20- year government bonds 26- Jun...

  • EXCLUSIVE-PNB INTERNAL REPORT CITES VARIOUS MONITORING LAPSES, SAYS THERE "WAS ENOUGH EVIDENCE" TO DETECT FRAUD.

  • EXCLUSIVE-DERELICTION OF RESPONSIBILITIES BY SOME PNB STAFF LED BANK TO FRAUD "CATASTROPHE"- INTERNAL REPORT.

  • SAN FRANCISCO, June 19- A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday. "Disruption to satellites could leave civilian as well as military...

  • OKLAHOMA CITY, June 19- Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. Shareholders elected four of Icahn's seven-person slate and two nominees put forth by the Oklahoma City, Oklahoma oil and gas company, according to...

  • WASHINGTON— Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form released Monday, as required by federal ethics rules, that he...

  • June 19- Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours. In April, Schultz worked closely alongside Chief Executive Kevin Johnson to help limit damage to the company's image after a racial...

  • June 19- FedEx Express, a unit of package delivery company FedEx Corp, has ordered 24 medium and large freighters from Boeing Co, the world's biggest planemaker said on Tuesday, as e-commerce demand boosts air freight business. The new airplanes, Boeing's 767 and 777 freighters, have a list price of $6.6 billion, said Boeing, which has sold more than 50 widebody...

  • CARACAS, June 19- Venezuela's all-powerful Constituent Assembly on Tuesday nominated Calixto Ortega, who has worked as Finance Vice President for Venezuelan-owned refiner Citgo, to run the country's central bank.

  • TOKYO, June 20- Japanese manufacturers' confidence improved for a second straight month in June but the service sector's mood slumped from May's record high level, a Reuters poll found, suggesting some fragility in the outlook after a first-quarter contraction. President Donald Trump's "America First" policy raises fears of protectionism and global trade war,...