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CNBC Utilities Page Wires

  • DUBAI, June 24- The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme. The dollar was being offered for as much as 87,000 rials, compared to around 75,500 on Thursday, the last...

  • LOS ANGELES, June 24- Dinosaurs are ruling the box office again. "Jurassic World: Fallen Kingdom" topped estimates to devour $150 million from 4,475 locations this weekend. "Fallen Kingdom" has already amassed $711.5 million worldwide, including $561.5 million overseas.

  • Aircraft manufacturer Airbus last week issued its strongest warning over the impact of Britain's departure from the European Union, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk. Other European companies with major operations in Britain have also started to speak out two...

  • The U.S. is home to major commercial fisheries for species such as Pacific salmon, New England lobster and Alaska pollock, but it imports more than 90 percent of the seafood the public consumes. The U.S. trades in seafood with countries all over the world, and the countries it buys the most from include Canada, China and Chile. Major buyers of U.S. seafood include China,...

  • CAIRO— Egypt's President Abdel-Fattah el-Sissi approved a law governing popular ride-hailing apps Uber and Careem after the companies appealed a court ruling that revoked their licenses, the country's official gazette reported Sunday. The Supreme Administrative Court on Saturday adjourned the appeal to August 25. The strict new European General Data...

  • WILKES-BARRE, Pa.— Colored bulbs cast an eerie blue glow in the restroom of a convenience store where people who inject heroin and other drugs have been seeking the relative privacy of the stalls to shoot up. They want to make sure the needle goes in the right spot, "said Read Hayes, a University of Florida researcher and director of the Loss Prevention Research...

  • DUBAI, June 24- Saudi insurers posted significant gains on Sunday, on hopes that insurance volumes will rise as women began driving in Saudi Arabia, in the end of the world's last ban on female drivers. Saudi Arabia's addition could help attract $40 billion from foreign funds, the chairman of the Saudi Capital Market Authority told Reuters last week.

  • LONDON, June 24- A British minister accused Airbus and other major companies of issuing "completely inappropriate" threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Other European companies with major operations in Britain have also started to speak out two years on from the Brexit vote,...

  • BEIJING, June 24- China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points, releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had been widely anticipated by investors...

  • DUBAI, United Arab Emirates— Long-haul airline Etihad Airways will loan pilots to competing Dubai- based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers apart. There's always been competition between Emirates, founded by Dubai's rulers in...

  • ALBANY, N.Y.— A European company plans to open a new distillery in New York City's northern suburbs, adding to the growing number of craft distilleries in New York state. Andrew Cuomo announced Friday that the Alexandrion Group, Romania's largest spirits producer, will build its first U.S. distillery in the town of Carmel, in Putnam County 55 miles north of New York...

  • The demonstrators— many of them families pushing strollers, people on bikes and samba bands— walked through the Berlin's government district on Sunday, ahead of next week's first meeting of Germany's commission on exiting coal use. About 22 percent of Germany's electricity still comes from burning soft lignite coal— and a further 12 percent from hard coal—...

  • BEIJING, June 24- China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points to accelerate the pace of debt-for-equity swaps and stimulate lending to smaller businesses. The targeted cut in some banks' reserve requirement ratios- currently 16 percent for large banks and 14 percent for smaller banks-...

  • BIS SAYS PROTECTIONISM RISKS DANGEROUS SPIRAL THAT COULD AFFECT WORLD GROWTH, FINANCIAL STABILITY.

  • FINANCIAL MARKET VOLATILITY TO BE EXPECTED AS CENTRAL BANKS LIFT RATES, END STIMULUS- BIS.

  • CURRENT PACE OF FED RATE HIKES "ADEQUATE" - BIS.

  • MAJOR CENTRAL BANKS SHOULD PRESS ON WITH GRADUAL TIGHTENING OF MONETARY POLICY- BIS.

  • LONDON, June 24- The Bank for International Settlements urged the world's top central banks to keep lifting interest rates on Sunday, but warned escalating trade tensions between the United States and China could turn into a dangerous downward spiral. The new head of the BIS, former Mexican central bank chief Agustin Carstens, spoke to Reuters as the central...

  • BIS FULL-YEAR NET PROFIT DROPS 38.6 PCT COMPARED TO LAST YEAR; BALANCE SHEET TOTAL UP 5.9 PCT.

  • BIS HEAD CARSTENS SAYS SHARES CONCERN ABOUT EXPLOSIVE GROWTH OF CHINA FINANCIAL SYSTEM, ESPECIALLY SHADOW BANKING.