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CNBC Utilities Page Wires

  • May 21- Australia's top power producer AGL Energy on Monday turned down a A $250 million offer for an aging coal-fired energy plant from Chinese-owned Alinta Energy and shunned government pleas to keep the facility open beyond 2022.. AGL's Liddell power plant, which supplies 10 percent of the electricity used in Australia's most populous state, New South...

  • May 21- Australia's top power producer AGL Energy on Monday turned down a A $250 million offer for an ageing coal-fired energy plant from Chinese-owned Alinta Energy and shunned government pleas to keep the facility open beyond 2022.. AGL's Liddell power plant, which supplies 10 percent of the electricity used in Australia's most populous state, New South...

  • *Soybeans rally as U.S.- China trade tensions ease. SINGAPORE, May 21- Chicago soybeans gained more than 2 percent on Monday, rising for a second session to a near one-week high, after Washington and Beijing agreed to drop tariff threats, easing fears about demand for U.S. shipments in top importer China. "The United States and China have reached some sort of an...

  • May 21- U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia's Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. Analysts have said the government might raise concerns that a takeover could dent gas supply on Australia's east coast and could even...

  • BEIJING, May 21- Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation. The previous day, Beijing and Washington said they would keep talking about measures under which China would import more energy...

  • SYDNEY, May 21- An Australian backbencher on Monday introduced legislation to parliament to ban the export of live sheep after the death of 2,400 animals on a ship bound for the Middle East, an incident that led to widespread criticism of the A $250 million industry. While the bulk of Australia's meat exports are processed, markets such as the Middle East and...

  • NEW YORK— The New York Police Department is investigating allegations of sexual misconduct leveled against celebrity chef Mario Batali. She says she remembers joining him for a glass of wine at a Manhattan restaurant, then waking up on the floor feeling drugged and assaulted. Batali issued a statement to CBS denying that he assaulted the woman.

  • TOKYO, May 21- Japan's Nikkei share average rose on Monday morning as exporters were boosted by a rise in the dollar rise against the yen. U.S. stock futures gained after Treasury Secretary Steven Mnuchin said on Sunday that the United States and China had agreed put their tariff skirmishing "on hold" to work on a wider trade agreement. Daiwa Securities research...

  • May 21- U.S.-based Harbour Energy raised its bid for Australia's Santos Ltd to $10.8 billion on Monday, hiking its offer for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. Analysts have said the government might raise concerns that a takeover could dent gas supply on Australia's east coast and could even...

  • TOKYO, May 21- Stocks rose on Monday as U.S. Treasury Secretary Steven Mnuchin declared the U.S. trade war with China "on hold" following an agreement to drop their tariff threats that had roiled global markets this year. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.55 percent in early trade, led by strong gains in greater China.

  • TOKYO, May 21- U.S. stock futures jumped on Monday as U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is "on hold" after the world's two largest economic powers agreed to drop their tariff threats while they work on a wider trade agreement. Japan's Nikkei ticked up 0.1 percent while MSCI's broadest index of Asia-Pacific shares outside Japan...

  • MELBOURNE, May 21- London copper edged higher on Monday after a truce in a trade row between China and the United States soothed concerns the dispute could escalate, however headwinds from a stronger dollar capped gains. *Shanghai Futures Exchange copper also edged up by 0.4 percent to 51,410 yuan a tonne. *CHINA ECONOMY: China's economy will likely expand around...

  • BEIJING, May 21- Top Chinese oil and gas producer PetroChina is stepping up natural gas supplies from both domestic fields and imports to meet customer demand, parent company CNPC said on Monday. PetroChina raised April gas supplies by 14 percent over a year earlier, CNPC said on its website, without giving specific volumes. PetroChina lifted production in the...

  • Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Buenos Aires. Canada, the United States and Mexico are renegotiating the North American Free Trade Agreement.

  • TOKYO, May 21- Japan's exports accelerated in April on increased shipments of cars and machines used to make semiconductors, with rising volumes suggesting healthy overseas demand could help the economy recover quickly from a dip in the first quarter. Exports are likely to continue to grow thanks to increased demand for manufacturing equipment, cars and car...

  • *U.S., China drop tariff threats amid work on wider agreement. *Oil markets tight amid OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold."

  • Treasury Secretary Steven Mnuchin said the U.S. trade war with China was "on hold." *Italy's two anti-establishment parties promised on Friday to ramp up spending in a program for a new coalition government, putting them on a collision course with the European Union despite having dropped some of their most radical proposals. *The EU is not doing enough to preserve...

  • SINGAPORE, May 21- The dollar edged up against the yen on Monday, after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is "on hold," boosting risk sentiment amid hopes for an easing of trade tensions between the world's two biggest economies. The easing of U.S.- China trade tensions is likely to underpin riskier assets such as equities and...

  • *U.S., China drop tariff threats amid work on wider agreement. Oil markets tight amid OPEC- cuts, looming U.S. sanctions vs Iran. SINGAPORE, May 21- Oil prices rose on Monday, lifted by news that China and the United States had put a looming trade war between the world's two biggest economies "on hold."

  • SYDNEY, May 21- U.S. soybeans rose more than 2 percent on Monday after the United States and China agreed to drop tariff threats, easing fears about demand for North American oilseeds. Analysts said the market was drawing comfort from an easing of tensions between the United States and China. "The U.S. and China have reached some sort of an agreement because, as much...