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CNBC Utilities Page Wires

  • MANILA, May 28- Chinese lead futures retreated on Monday from their strongest level in nearly eight months, tracking losses in London in the prior session, as investors cashed in on the recent sharp gains. The most-traded lead contract on the Shanghai Futures Exchange was down 1.1 percent at 19,870 yuan a tonne by 0150 GMT. *CHINA DATA: Profits earned by Chinese...

  • U.S. CRUDE OIL FUTURES DOWN BY MORE THAN $2 TO $65.82 PER BARREL.

  • *Saudi Arabia, Russia set to raise supplies by 1 million bpd. SINGAPORE, May 28- Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world's three top crude producers, Russia, the United States and Saudi Arabia. The Organization of the Petroleum Exporting Countries, as well as top producer but...

  • CRUDE OIL FUTURES TUMBLE BY MORE THAN 2 PCT TO $66.30 PER BARREL AS U.S.

  • BRENT CRUDE OIL FUTURES FALL BY MORE THAN 1 PCT TO $75.38 PER BARREL AFTER SAUDI ARABIA, RUSSIA SAY THEY MIGHT INCREASE SUPPLIES.

  • BEIJING, May 27- Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics showed on Sunday, as factories benefited from higher prices and strong demand. The data suggests China's industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade...

  • President Donald Trump revived hopes of his summit with North Korean leader Kim Jong- un, after canceling the meeting last week. *Donald Trump said on Sunday that a U.S. team had arrived in North Korea to prepare for a proposed summit between him and Kim Jong Un, which Trump pulled out of last week before reconsidering. Commerce Secretary Wilbur Ross will visit China...

  • *Euro off low but vulnerable to political worries in Italy, Spain. *Oil falls on expectations OPEC will ease output curbs. TOKYO, May 28- U.S. stock futures rose on Monday on signs that the United States and North Korea are still working towards holding a summit next month, while oil prices extended losses on expectations of more supply from major producers.

  • *Recovery limited with political turmoil in Italy set to deepen. TOKYO, May 28- The euro crawled off a 6-1/ 2- month low against the dollar on Monday, catching its breath after last week's steep decline, although broader concerns about political turmoil in Italy limited the currency's recovery. But fundamentally, it is still a' sell' for the currency, "said Junichi...

  • *Saudi Arabia, Russia set to raise supplies by 1 million bpd. SINGAPORE, May 28- Oil prices dropped on Monday on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand. To address potential supply shortfalls, Saudi Arabia, top exporter and de-facto leader of...

  • Federal Reserve Today in Washington. 28- May Italy Zero-coupon/BTPi auction 29- May Italy Bills auction 29- May Japan Auction of 40- year government bonds 30- May Italy Medium-long term auction 30- May Sweden Auction of government bonds 30- May Norway Auction Treasuries 31- May Japan Auction of 2- year government bonds. 1- Jun Japan 3- month discount bill...

  • SAO PAULO, May 27- Despite a reduction of road blockades, most Brazilian truckers protesting high diesel prices have not gone back to work and Latin America's largest economy is poised to enter an eighth day of protests on Monday with near-zero road cargo transportation. With gas stations low on fuel across most of the country, police and the army have been...

  • ROME, May 28- Italy's president is expected to ask a former International Monetary Fund official on Monday to head a stopgap government amidst political and constitutional turmoil, with early elections looking inevitable. In a televised address, Mattarella said he had rejected the candidate, 81- year-old eurosceptic economist Paolo Savona, because he had...

  • BEIJING, May 27- Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics showed on Sunday, as factories benefited from higher prices and strong demand. The data suggests China's industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade...

  • Sky News and the Financial Times had reported earlier on Sunday that the two companies were in talks. Sky News said the talks could culminate in a joint venture. http://bit.ly/2s88bPN. ICU Medical reported its first quarter results earlier in the month with revenues of $372 million and net income of $4.9 million.

  • ROME, May 27- Efforts to form a coalition government collapsed on Sunday after the Italian president rejected a eurosceptic pick for the key economy ministry, triggering a possible constitutional crisis and opening the prospect of fresh elections. The leaders of the two parties trying to field a government, the far-right League and anti-establishment 5-...

  • May 27- British engineering firm Smiths Group Plc and U.S.-based ICU Medical Inc are in talks about a merger of their medical device businesses, a person familiar with the discussions told Reuters. The talks are at a very early stage, according to the person. Sky News and the Financial Times had reported earlier on Sunday that the two companies were in talks....

  • ROME, May 27- Italy's efforts to form a government broke down on Sunday after the president rejected a eurosceptic pick for the key economy ministry, triggering a potential constitutional crisis and opening the prospect of fresh elections. The leaders of the two anti-establishment parties trying to field a government, the far-right League and the 5- Star...

  • BRUSSELS, May 27- France and Germany are pushing for an EU-wide initiative to fund innovation and research in tech start-up projects across the bloc so that Europe can compete more effectively against the likes of China and the United States. Europe has long been seen as a laggard in developing new technologies compared with the United States, which has a strong...

  • VANCOUVER/ WINNIPEG, Manitoba, May 27- As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C $7.4 billion project. The company, a unit of Houston- based Kinder Morgan Inc, set a May 31 deadline to decide if it will...