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CNBC Utilities Page Wires

  • JOHANNESBURG, June 21- South African transport group Imperial Holdings will spin off and separately list its auto dealership business, Motus, it said on Thursday, the latest strategic shake-up aimed at creating value for shareholders. The break-up into two of South Africa's biggest car showrooms business would give shareholders a choice between Imperial's...

  • SINGAPORE, June 21- The younger brother of Singaporean Prime Minister Lee Hsien Loong will relinquish his post as head of the country's civil aviation authority, the transport ministry said on Thursday. Lee Hsien Yang, chairman of the Civil Aviation Authority of Singapore since 2009, has been in a public dispute with his brother since last year over the fate of...

  • SINGAPORE, June 21- Asia's naphtha crack recovered slightly from a two-month low to a two-session high of $71.75 a tonne on Thursday as Brent crude prices fell but naphtha fundamentals were under pressure as more supplies were expected.- This has eroded premiums, with South Korea's YNCC scooping up some 125,000 tonnes of the fuel for first-half August delivery...

  • BANGKOK— Thai authorities, who began a series of raids last month on factories accused of illegally importing and processing electronic waste, say they may use special powers given to the military government to impose a total ban on the import of such potentially toxic materials. Surasak Karnjanarat said Thursday that he will lead an effort to amend the law to...

  • MANILA, June 21- A government panel cleared 23 of 27 Philippine mines that were reviewed for compliance with state regulations, reducing uncertainty about potential supply disruptions at the world's No. 2 nickel ore supplier. Confirming an earlier Reuters report, the Mining Industry Coordinating Council found four mines did not meet the criteria set by the...

  • BRUSSELS, June 21- The European Commission on Thursday said it had opened an investigation into the free flow of LNG sold by Qatar Petroleum in Europe. "Such clauses may harm competition and prevent consumers from enjoying the benefits of an integrated European energy market," EU Competition Commissioner Margrethe Vestager said in a statement.

  • CHICAGO, June 21- The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. In the United States, the 65- and-over population will nearly double over the next three decades to 88 million by 2050 from 48 million, according to the U.S. Census Bureau. A survey of human resource...

  • CHICAGO, June 21- The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. In the United States, the 65- and-over population will nearly double over the next three decades to 88 million by 2050 from 48 million, according to the U.S. Census Bureau. A survey of human resource...

  • PARIS, June 21- Ending ECB bond purchases is only the first step towards more conventional monetary policy, making it all the more important "to get the ball rolling," the head of Germany's central bank Jens Weidmann said on Thursday. In a speech at France's central bank, Weidmann said he believed euro zone inflation was finally getting to the European Central...

  • PARIS, June 21- Ending ECB bond purchases is only the first step towards more conventional monetary policy, making it all the more important "to get the ball rolling", the head of Germany's central bank Jens Weidmann said on Thursday. In a speech at France's central bank, Weidmann said he believed euro zone inflation was finally getting to the European Central...

  • *Oil wary ahead of OPEC meeting on risk of expanded supply. LONDON, June 21- Simmering trade and political tensions weighed on European and world shares on Thursday, while oil prices were under pressure ahead of an OPEC meeting that could boost the global supply of crude. Early gains on Europe's main bourses were wiped out after about an hour and Wall Street futures...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • VIENNA, June 21- OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signalling it would support only a modest increase in supply. Russia, which is not in OPEC, has proposed producers raise output by 1.5 million barrels per day. OPEC and its allies have...

  • LONDON, June 21- Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States. Spot gold was down 0.4 percent at $1,262.78 an ounce. ,the New York- listed SPDR Gold Trust have fallen.

  • *South Africa hit by string of poor data. PRETORIA, June 21- South Africa's current account deficit registered its largest shortfall in two years in the first quarter as the trade balance swung to a deficit after a steep decline in exports, the central bank said on Thursday. Investor sentiment in South Africa picked up after President Cyril Ramaphosa pledged to...

  • *MSCI includes Saudi Arabia, Argentina in EM indexes. China's commerce ministry accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks". "It's of course the trade concerns here, we are looking for more...

  • LONDON, June 21- Britain's government borrowed less than expected last month, according to official data on Thursday that may cheer finance minister Philip Hammond but also increase pressure on him to spend more after years of deficit reduction. Public sector borrowing fell in May to 5.0 billion pounds, compared with 7.0 billion pounds a year ago, the Office for...

  • LONDON, June 21- Autos stocks slammed the brakes on a relief bounce in European shares on Thursday, sinking after German carmaker Daimler warned profit would be hit by higher tariffs. The autos sector fell 2.3 percent to a nine-month low while the pan-European STOXX 600 eased down 0.2 percent as no new salvos were exchanged in an ongoing U.S.- China trade spat.

  • JOHANNESBURG, June 21- South African transport group Imperial Holdings will spin off its auto dealership business, Motus, it said on Thursday.

  • VIENNA, June 21- Saudi Arabian Energy Minister Khalid al-Falih said on Thursday it would be "nice" to see Saudi Aramco floated on the stock exchange next year, but he added the timing was not critical to the Saudi government.