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CNBC Utilities Page Wires

  • NEW YORK, June 18- Anxiety about a global trade war spurred demand on Monday for the Japanese yen and Swiss franc, while the euro remained under pressure due to a dispute in Germany's governing coalition and the European Central Bank seen holding interest rates into 2019. On Friday, the White House enacted tariffs on $50 billion in Chinese goods.

  • ZURICH, June 18- A drug being co-developed by Roche to treat spinal muscular atrophy helped improve development scores in babies with the genetic disease, a study released on Monday showed, as the race heats up for therapies destined to be among the drug industry's most expensive. The companies hope their medicine, also known as risdiplam, will be approved to take...

  • *Oil steady ahead of OPEC meet. June 18- The Dow Jones Industrial Average fell more than 200 points on Monday and the other major indexes were lower, as China's retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the world's two biggest economies. Global financial markets have struggled since February...

  • NEW YORK— U.S. homebuilders lowered their confidence for sales prospects as lumber prices rise amid the threat of potentially costly tariffs. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 in June. The index has remained above 60 since September 2016.

  • No one cares as much about your money as you do, but never asking for help can be dangerous— and expensive. But you also can make a mistake by hoarding your money, perhaps wasting the precious early years of retirement when your energy and health would allow you to travel or pursue other interests, says Ken Hevert, senior vice president for retirement investing at...

  • SYDNEY, June 19- Australia on Tuesday raised its forecast for beef exports in 2018/ 19 by more than 4 percent after dry weather wilted pastures in the country's east, forcing farmers to slaughter cows in near record volumes. Farmers in key producing regions around Australia's east coast have been forced to increase slaughtering to a two-year high as scorching...

  • *OPEC likely to loosen supply curbs when it meets on Friday. LONDON, June 18- Oil prices rose on Monday ahead of an OPEC meeting this week and as investors assessed the impact of a trade dispute between the United States and China. "Oil prices are reversing this mornings bout of weakness as bottom pickers enter the fray ahead of this weeks crucial OPEC/ non- OPEC meeting,"...

  • ZURICH, June 18- Zug-based Crypto Fund AG said on Monday it had received a license from the Swiss authorities to operate as an asset manager for crypto funds, saying it was the first time any firm had been granted such permission. The subsidiary of Crypto Finance Group received its license from financial market supervisor FINMA to distribute collective...

  • ZURICH, June 18- Zug-based Crypto Fund AG said on Monday it had received a licence from the Swiss authorities to operate as an asset manager for crypto funds, saying it was the first time any firm had been granted such permission. The subsidiary of Crypto Finance Group received its licence from financial market supervisor FINMA to distribute collective...

  • WASHINGTON, June 18- The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud. The justices will review a lower court ruling that upheld most of...

  • WASHINGTON— The Supreme Court will consider whether the purchasers of iPhone apps can sue Apple over allegations it has an illegal monopoly on the sale of the apps. The court said Monday that it will take a case from the U.S. Circuit Court of Appeals for the 9th Circuit, which ruled in January that the purchasers of iPhone apps could sue Apple. Their lawsuit says that...

  • WASHINGTON, June 18- The U.S. Supreme Court on Monday agreed to take up Apple Inc's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should. The justices said they would hear Apple's appeal of a lower court's ruling that revived the...

  • Machine maker Caterpillar shed 1.3 percent, chip maker Intel dropped 3.2 percent and biotech company Biogen dropped 4.6 percent. Its founder George Feldenkreis is buying more stock and taking the company private for $437 million. Indexes in Asia and Europe fell.

  • This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company's main services are blocked over its refusal to censor search results in line with local laws.

  • WASHINGTON, June 18- The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud. The justices will review a lower court ruling that upheld most of...

  • June 18- U.S. stocks fell at the open on Monday as a trade dispute between the United States and China intensified following Beijing's retaliation to tariffs imposed by President Donald Trump. The Dow Jones Industrial Average fell 208.44 points, or 0.83 percent, at the open to 24,882.04. The S&P 500 opened lower by 18.55 points, or 0.68 percent, at 2,761.11.

  • June 18- Canada's main stock index opened lower on Monday on fears of an escalating trade war between the United States and China.

  • WASHINGTON, June 18- The U.S. Supreme Court on Monday agreed to take up Apple Inc's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should. The justices said they would hear Apple's appeal of a lower court's ruling that revived the...

  • *Rupert Stadler arrested as part of diesel emissions probe. FRANKFURT, June 18- Volkswagen was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating. Munich prosecutors, who widened their probe...

  • TORONTO, June 18- The Canadian dollar steadied against its U.S. counterpart on Monday ahead of a speech by a Bank of Canada deputy governor, as oil prices rose and investors weighed the threat of a trade war that could slow global growth. The price of oil, one of Canada's major exports, rose ahead of an OPEC meeting this week that is widely expected to increase global...