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CNBC Utilities Page Wires

  • NEW YORK, May 22- The dollar retreated on Tuesday after six straight days of gains, as U.S. In contrast, other major central banks such as the Bank of Japan and European Central Bank are not in a tightening mode. "The U.S. dollar may require a fresh dose of catalysts to sustain its nascent resurgence," said Mazen Issa, senior FX strategist at TD Securities in New York.

  • FRANKFURT/ DUESSELDORF, May 22- Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp, a source familiar with the matter said, increasing pressure on management to restructure the group. The Germany company's CEO Heinrich Hiesinger has already faced criticism from existing shareholders...

  • SCHUMER SAYS IF REPORTS ON ZTE ARE TRUE, UPDATED SANCTIONS WOULD' DO NOTHING TO PROTECT AMERICAN NATIONAL OR ECONOMIC SECURITY'.

  • Cancer patients often start two battles after diagnosis: They have to fight their disease and avoid financial ruin. Hospitals and patient advocates around the U.S. are rushing to offer more help for the latter as treatment costs soar and insurance coverage shrinks. They say patients who get overwhelmed by bills often delay treatment or cut back on...

  • SCHUMER SAYS OPPOSED TO ANY CHANGES IN U.S. SANCTIONS AGAINST ZTE.

  • U.S. SENATE DEMOCRATIC LEADER SCHUMER SAYS CHINA'S XI HAS TAKEN U.S.

  • NEW YORK, May 22- U.S. companies announced $183.4 billion in share buybacks during the most recent earnings season, according to TrimTabs Investment Research. More than half of the total was contributed by Apple Inc, which on May 1 said it had committed to an additional $100 billion for its stock repurchase program. Broadcom Inc, Facebook Inc, Qualcomm Inc and...

  • The Boston Globe reports there are now four offers for Massachusetts- based Necco, or New England Confectionery Co.. Ohio- based Spangler Candy Co. entered a bid of $14.5 million. Kgbdeals Shopping Inc., registered in Delaware, bid almost $14 million.

  • BANKING SECTOR PROFITS UP 27.5 PERCENT IN Q1 2018 VS YEAR-AGO ON HIGHER REVENUE AND LOWER TAXES- FDIC.

  • WASHINGTON, May 22- U.S. banks reported $56 billion in profits in the first quarter of 2018, up 27.5 percent from one year ago as institutions began to take advantage of a lower effective tax rate, the Federal Deposit Insurance Corporation reported Tuesday. Over 70 percent of U.S. banks reported growth in their year-over-year earnings, as the industry enjoyed...

  • OVER 70 PERCENT OF BANKS REPORTED YEAR-OVER-YEAR GROWTH AS JUST 3.9 PERCENT OF BANKS UNPROFITABLE- FDIC.

  • ABUJA, May 22- Nigeria's central bank kept its main interest rate at 14 percent on Tuesday, prompting some economists to question whether rate cuts will ever materialise in the wake of slowing inflation rates. Nigeria's benchmark rate has been held at 14 percent for almost two years, since inflation rates spiked and the naira devalued sharply with the country...

  • Front Range Kratom of Aurora, Colorado; Kratom Spot of Irvine, California; and Revibe Inc of Kansas City, Missouri received letters for illegally selling unapproved kratom-containing drug products with unproven claims, the FDA said http://pdf.reuters.com/htmlnews/htmlnews. asp? The FDA has not approved it for any medical use and marketing it with claims...

  • LONDON, May 22- A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said. The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in...

  • *China, India, EU already threatening retaliation. GENEVA, May 22- Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually. The three countries detailed their compensation claims in...

  • LONDON, May 22- Italian government bond yields slipped from multi-month highs on Tuesday after six days of heavy selling, though reports that the incoming coalition could pick a eurosceptic figure as economy minister tempered the recovery in bonds. The likelihood of a government comprised of the anti-establishment 5- Star Movement and the far-right League...

  • -Canada's main stock index rose on Tuesday, as financial stocks gained on stronger-than-expected gain in March wholesale trade and energy shares got a boost from rising oil price. *At 9:37 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 54.43 points, or 0.34 percent, at 16,216.74. *The largest percentage gainers were Aurora Cannabis, which...

  • *Ford, GM rise after China cuts car import tariffs. May 22- U.S. stocks rose on Tuesday, adding to gains from a day earlier, as the United States and China made progress on reducing trade tensions after agreeing to put their differences on hold. "The market is taking very well to what appears to be the fact that Trump is able to maneuver the trade talks in our favor," said...

  • LONDON, May 22- Gold steadied on Tuesday from a 2018 low as the dollar fell from its five-month high, although risk appetite in the broader financial markets kept the metal's gains in check. The dollar lost momentum following a rally prompted by rising U.S. bond yields and the prospect of a resolution to U.S.- China trade tensions. Washington and Beijing both...

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose to around $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.