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CNBC Utilities Page Wires

  • TOKYO, April 25- Japanese government bond yields were little changed on Wednesday, firmly capped as the Bank of Japan's debt-purchasing operations offset upward pressure from the ongoing spike in U.S. The two-year JGB yield was flat at minus 0.140 percent. The BOJ on Wednesday offered to buy 1.34 trillion yen of five- to 40- year JGBs as a part of its regular...

  • SEOUL, April 25- General Motors and South Korea are considering increasing the size of their investment in the U.S. automaker's local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. GM had said it would fund its "portion of the $2.8 billion investment", paving the way for two new sport...

  • SINGAPORE, April 25- Chicago wheat futures rose for a second session on Wednesday as investors looked for bargains, although plentiful world supplies capped gains. The Chicago Board of Trade most-active wheat contract was up 0.5 percent at $4.86-3/ 4 a bushel by 0301 GMT. Soybeans added 0.5 percent to $10.38-3/ 4 a bushel and corn gained 0.4 percent at $3.91-1/ 2 a...

  • TOKYO, April 25- The dollar inched up on Wednesday, approaching its recent four-month high as the U.S. 10- year bond yield poked above 3 percent to hit its highest level since early 2014.. It had climbed overnight to 91.016, highest since Jan. 12, before a slide in Wall Street stocks tempered investor risk appetite and slowed the greenback's rally against its peers,...

  • BEIJING, April 25- Chinese automaker Guangzhou Automobile Group Co Ltd said on Wednesday that a brewing trade war between China and the United States could hurt the firm's plans to break into the U.S. market if tariff barriers were raised.

  • *Philippines was top nickel ore supplier to China last year. MANILA, April 25- The Philippines' second-biggest nickel miner, Global Ferronickel Holdings Inc, said planned government curbs on mining may hit its long-term output and would force it to make adjustments to meet its 2018 shipment goals. The company, which sells its nickel ore to top buyer China where is...

  • BEIJING, April 25- London aluminium fell by as much as 1.4 percent on Wednesday, retreating for a fifth straight session, as the softening of the U.S. sanctions on Russian producer United Company Rusal continued to weigh on prices. The metal has now slipped by around 13 percent from a high of $2,534.50 on April 23, the day the United States gave American customers of...

  • BEIJING, April 25- London aluminum fell by as much as 1.4 percent on Wednesday, retreating for a fifth straight session, as the softening of the U.S. sanctions on Russian producer United Company Rusal continued to weigh on prices. The metal has now slipped by around 13 percent from a high of $2,534.50 on April 23, the day the United States gave American customers of...

  • *Q1 operating loss $91 mln vs $54 mln loss analyst forecast. SEOUL, April 25- South Korea's LG Display Co Ltd forecast higher panel shipments and more stable prices in the second quarter as it reported its first operating loss in six years on Wednesday, hit by a flood of supply from Chinese rivals. But CFO Don Kim said the second quarter was looking brighter, with panel...

  • JAPANS KAWASAKI HEAVY DISCUSSING PARTNERSHIPS WITH FRANCES DASSAULT AVIATION AND THALES- SOURCES.

  • JAPAN SEEKING ROLE IN DEVELOPMENT OF FRENCH-GERMAN MARITIME SURVEILLANCE AIRCRAFT- SOURCES.

  • JAPAN HAS OFFERED P-1 SUB HUNTER AS AIRFRAME FOR FRENCH-GERMAN SURVEILLANCE PLANE PROJECT- SOURCES.

  • TOKYO/ BERLIN, April 25- In a fresh bid to win its first major foreign arms deal since World War Two, Japan is proposing its P-1 submarine hunter for a French-German project to develop a marine surveillance aircraft, two Japanese government sources said. Japanese officials also asked Kawasaki Heavy Industries, which makes the P-1, to discuss possible...

  • TOKYO, April 25- Japanese stocks slipped on Wednesday morning as weakness on Wall Street soured risk sentiment, while the spotlight fell on Takeda Pharmaceutical which stumbled after it sweetened its takeover bid for Shire to 46 billion pounds. The Nikkei dropped 0.9 percent to 22,088.68 in midmorning trade. Shire said in a statement it had agreed to extend a...

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at $73.74 per barrel at 0238 GMT, down 12 cents from their last close and over $1.7 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were...

  • SEOUL, April 25- South Korea and the United States are likely to hold a summit in mid-May, a South Korean presidential official said on Wednesday. The official spoke on condition of anonymity, ahead of a separate proposed summit between North Korean leader Kim Jong Un and U.S. South Korean President Moon Jae- in and Trump are also scheduled to speak by a phone shortly...

  • SHANGHAI, April 25- China is "days away" from revealing new rules governing its asset management industry, the official China Daily newspaper reported on Wednesday, citing an unnamed source close to the country's central bank. Markets have been awaiting the release of the final version of new rules for China's $15 trillion asset management sector as part of a...

  • BEIJING— Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the global industry's future. Auto China 2018, the industry's biggest sales event this year, is overshadowed by mounting trade tensions between Beijing and U.S.

  • *Brent forward prices are above $70/ bbl until end of 2018. Brent crude oil futures were at 73.78 per barrel at 0156 GMT, 8 cents below their last close and almost $1.7 below the November-2014 high of $75.47 a barrel reached the previous day. That has been driven by production cuts led by the Organization of the Petroleum Exporting Countries which were introduced in...

  • SEOUL, April 25- General Motors and South Korea are in talks to increase the size of their investment in the U.S. automaker's local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday. GM had said it would fund its "portion of the $2.8 billion investment," paving the way for two new sport...