CNBC Utilities Page Wires

  • Front-month Brent crude oil futures were at $72.33 per barrel at 0408 GMT, down by 13 cents, or 0.2 percent, from their last close. U.S. crude stocks rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels, private industry group the American Petroleum Institute said on Tuesday. "Oil prices... fell after the API inventory data showed an unexpected crude...

  • "Soybean prices are so dependent on geopolitical factors and the trade war between the United States and China shows little signs of abating," said Phin Ziebell, an agribusiness economist at National Australia Bank. The ongoing dispute between the United States and China has spooked traders that are grappling with expectations of record North American...

  • BEIJING, Aug 15- China's second-largest steelmaking province, Jiangsu, will require its steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient. The push to create two steelmaking hubs on the coast and move the mills there by 2020 is similar...

  • NEW YORK, Aug 15- Walmart Inc said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women's fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category. The line, dubbed EV1, will feature nearly 60 items, ranging from denim, tees bearing Ellen quotes, accessories and...

  • *Yum China looking at switching listing to Hong Kong- source. HONG KONG, Aug 15- Investment firms are exploring a buyout of Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell in the world's second-largest economy, in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters. It is the biggest fast-food chain...

  • BEIJING, Aug 15- China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fueling a property bubble. Average new home prices in China's 70 major cities rose 1.1 percent in July from a month earlier, according to Reuters...

  • TOKYO, Aug 15- Japan's Nikkei edged lower on Wednesday morning as profit-taking hit after the previous day's sharp gains, though the drops were limited as the yen's weakness against the dollar aided investor sentiment. "We cannot be overly optimistic but the Turkish turmoil alone will not likely have a major impact on Japanese companies' shares," said Masashi Oda,...

  • TURKISH LIRA WEAKENS TO 6.54 AGAINST THE DOLLAR.

  • TOKYO, Aug 15- Asian stocks retreated on Wednesday, failing to follow Wall Street's gains, while the dollar was near a 13- month high as concerns about Turkey's financial crisis weighed on investor appetite despite the lira's move away from an all-time low. Wall Street's three main indexes rose on Tuesday as the lira's climb eased fears of broader financial...

  • BRITISH POUND FALLS BELOW $1.2704 TO LOWEST LEVEL SINCE JUNE 2017.

  • EURO/DOLLAR FALLS BELOW $1.1330 TO LOWEST LEVEL SINCE JULY 2017.

  • HONG KONG, Aug 15- Credit Suisse Group AG's Asia Pacific head of corporate communications, Sheel Kohli, is leaving the Swiss bank after a 12- year stint, people familiar with the move told Reuters on Wednesday. Kohli has been responsible for all corporate communications across Asia Pacific at Credit Suisse covering investment banking, private banking and asset...

  • BEIJING, Aug 15- China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fueling a property bubble. Average new home prices in China's 70 major cities rose 1.1 percent in July from a month earlier, according to Reuters...

  • BEIJING, Aug 15- London copper prices extended losses into a fourth session on Wednesday after the union at the mammoth Escondida copper mine in Chile said talks with operator BHP would be extended by a day in the hopes of averting a planned strike. *LME COPPER: Three-month copper on the London Metal Exchange had edged down 0.2 percent to $6,036 a tonne by 0131 GMT,...

  • TOKYO, Aug 14- The Turkish lira's colossal sell-off in recent days has forced Japanese retail investors, who have been aggressive buyers of the currency this year, to finally abandon bets on the high-yielding Middle Eastern unit. "They had been buying on the lira on dips, but the lira's fall in the past couple of days was too large for them to stomach and has triggered...

  • Undeterred, she began advocating for workers trying to form an autonomous trade union at Jasic International, a welding machinery exporter in nearby Shenzhen. Shen is part of a cohort of activists across China who have been supporting and publicising worker protests and detentions at a time of slowing economic growth. The activists include students and...

  • Undeterred, she began advocating for workers trying to form an autonomous trade union at Jasic International, a welding machinery exporter in nearby Shenzhen. Shen is part of a cohort of activists across China who have been supporting and publicizing worker protests and detentions at a time of slowing economic growth. The activists include students and...

  • SYDNEY, Aug 15- U.S. soybean futures edged lower on Wednesday, retreating for the first session in three, as ample global stockpiles weighed on prices. *The most active soybean futures on the Chicago Board Of Trade were down 0.1 percent at $8.78-1/ 2 a bushel, as of 0134 GMT, having closed 1.3 percent firmer on Tuesday. *U.S. Department of Agriculture projected domestic...

  • SHANGHAI, Aug 15- China's central bank lent 383 billion yuan to financial institutions on Wednesday via its one-year medium-term lending facility with rates unchanged, it said in a statement. The interest rate for the one-year MLF was 3.30 percent, the People's Bank of China said, unchanged from the previous such operation. A batch of one-year MLF worth 336.5...

  • Aug 14- A hedge fund owned by the chief executive of Sears Holdings Corp, Edward Lampert, has offered to buy the company's Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday. ESL Investments also made an offer to buy the Home Improvement business of the company's home services division for as much as $80 million in cash,...