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CNBC Utilities Page Wires

  • *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...

  • June 21- General Motors Co will make the new Chevrolet Blazer in Mexico, a company spokesman said on Thursday, at a time when U.S. President Donald Trump is pressing automakers to build more vehicles in the United States. Trump has previously criticized GM for building vehicles in Mexico for sale in the United States.

  • *U.S.- China spat heightens risk of U.S. oil imports- sources. SINGAPORE/ BEIJING, June 21- Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said. Beijing has put U.S. energy...

  • *OPEC meeting, trade wars in focus. TOKYO, June 22- The dollar fell from an 11- month peak against a basket of major currencies as investors took profits in early Asian trade on Friday, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market. "The weak Philly Fed index reinforced fears that President...

  • ATLANTIC CITY, N.J.— The soon-to-open Hard Rock Hotel& Casino in Atlantic City had to work quickly to fix a misspelling on a 30- foot-tall guitar installed this week. The sign, modeled after a Gibson Les Paul guitar, was put up Thursday morning without officials noticing the word "rhythm" was misspelled on the rhythm and treble switch. The Hard Rock Hotel& Casino will...

  • SINGAPORE, June 22- London copper prices edged higher on Friday but the market is poised for a second weekly fall on fears that Washington- Beijing trade tensions could reduce demand in China, the top consumer of industrial metals. Three-month copper on the London Metal Exchange added 0.3 percent to $6,804 a tonne by 0105 GMT and the most-traded copper contract...

  • *Spot gold was 0.1- percent higher at $1,268.24 an ounce by 0057 GMT. *An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim- Germany's auto sector. *China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues,...

  • LOS ANGELES, June 21- U.S. broadcast network ABC said on Thursday it has ordered a 10- episode spinoff of comedy "Roseanne" that will air without any involvement of its creator Roseanne Barr, who sparked widespread outrage by tweeting a racial slur. Other original cast members including John Goodman, Laurie Metcalf and Sara Gilbert will appear in the show, which has...

  • *Oil choppy ahead of crucial OPEC meeting. TOKYO, June 22- Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output. MSCI's broadest index of Asia-Pacific shares outside Japan was...

  • SINGAPORE, June 22- Chicago soybean futures edged up on Friday but remained on track for their fourth week of decline, pressured by concerns over a trade war between Washington and Beijing. Wheat prices were poised to end the week on a positive note as adverse weather in Russia and China curbed global supplies. *For wheat, lower production in the world's biggest...

  • LUXEMBOURG, June 22- Greek Finance Minister Euclid Tsakalotos said on Friday a deal extending and deffering repayments on part of Greece's debt pile sent a clear signal to markets that the country had turned a corner from crises which rattled it in the past. Euro zone finance ministers on Friday offered Greece a 10- year deferral and maturities extension on a...

  • 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 exporter Saudi Arabia, is meeting together with some...

  • TOKYO, June 22- Japan's core consumer inflation held steady in May from the previous month, yet again highlighting the challenge facing the central bank as over five years of massive stimulus has failed to push prices close to its 2 percent goal. The subdued inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting...

  • PANGALENGAN, Indonesia/ NEW YORK, June 22- For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. But now, as younger generations switch to coffee and hundreds of independent coffee shops and roasters pop up across the archipelago, Indonesia's consumption of beans is...

  • BRENT CRUDE OIL FUTURES RISE BY MORE THAN $1 PER BARREL ON UNCERTAINTY AHEAD OF OPEC MEETING.

  • LOS ANGELES/ SAN FRANCISCO, June 21- Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts to the division...

  • EXCLUSIVE-TESLA TO CLOSE A DOZEN SOLAR FACILITIES IN NINE STATES- DOCUMENTS.

  • *LME Zinc Stocks at New Orleans: https://tmsnrt.rs/2JWSTID. LONDON, June 21- Is that it for the zinc rally? Expectations for one last bull hurrah have faded as exchange stocks have rebuilt, apparently calling time on the supply chain tightness that underpinned zinc's two-year charge from the January 2016 low of $1,444.50 per tonne.

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • Federal Reserve Today in Washington. 22- Jun Japan 3- month discount bill auction 26- Jun Japan Auction of 20- year government bonds 26- Jun United Kingdom 1 3/ 4% Treasury Gilt 2037 26- Jun United States Sale of 2- year notes 27- Jun Italy Zero-coupon/BTPi auction 27- Jun Norway Auction Treasuries 27- Jun United States Sale of 2- year floating rate notes 27- Jun...