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CNBC Utilities Page Wires

  • Benchmark Brent crude oil was up 15 cents at $73.22 a barrel by 0750 GMT. The talks occurred amid escalating rhetoric in a trade dispute between the United States and China, the world's largest economies, which have already slapped tariffs on $34 billion worth of each other's goods. President Donald Trump threatened on Friday to impose tariffs on all $500...

  • DUBLIN, July 23- Ryanair warned cabin crew and pilots that some of them could lose their jobs if a series of strikes continue but said it was on course to hit its annual profit target despite the disruption. The Irish low-cost carrier, Europe's largest, is facing its worst-ever week for strikes, with over 300 of its daily 2,400 flights cancelled on Wednesday and...

  • *Shanghai stocks higher, blue-chip CSI300 index up. *China's A-shares at 20.64 pct premium over H-shares. SHANGHAI, July 23- China stocks rose on Monday, aided by strength in financials and industrial stocks, but a slump in healthcare shares amid a vaccine scandal capped broader gains.

  • MILAN— Shares in Fiat Chrysler Automobiles have dropped 4 percent in the first trading since news that the Italian-American automaker's longtime CEO, Sergio Marchionne, has been replaced unexpectedly due to complications from surgery. FCA shares opened Monday at 15.70 euros in volatile Milan trading. The losses weighed on the Milan stock exchange overall,...

  • DUBLIN, July 23- Ryanair on Monday warned that average fares would be lower than expected during its key summer period due to high competition, unusually hot weather in Northern Europe and uncertainty caused by a series of strikes. But the profit of 319 million euros for the quarter was in line with earlier guidance and slightly ahead of a forecast of 305 million...

  • LONDON, July 23- The Japanese yen rallied to near two-week highs against the euro on Monday following reports the central bank was debating moves to scale back its massive monetary stimulus. "The headlines about the Japanese central bank planning to tweak its policy stimulus is triggering this big yen move but unless we see some concrete steps, the yen's...

  • TOKYO, July 23- Oil prices fell on Monday amid increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions. Brent crude dropped 9 cents, or 0.1 percent, to $72.98 a barrel by 0647 GMT. The talks occurred amid escalating...

  • Premier Li Keqiang declared in a statement Sunday that the case of Changchun Changsheng Life Sciences Ltd., which is accused of fabricating production and inspection records, "violated a moral bottom line." "Defective vaccines are like child abuse and trafficking— it touches on the most sensitive, vulnerable part of the public's hearts," wrote Xi Po, a columnist...

  • DUBAI, July 23- Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC, possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters. Late last week Aramco confirmed a Reuters report that it was working on a possible purchase of a "strategic stake" in Saudi Basic...

  • SAUDI ARAMCO AIMS TO OWN A CONTROLLING STAKE IN SABIC, POSSIBLY UP TO 70 PERCENT STAKE- TWO SOURCES.

  • SHANGHAI/ BEIJING, July 23- A top Chinese securities regulator said on Monday that trading in stock index futures will soon be "back to normal," two sources said, suggesting the government is about to lift the draconian restrictions on such derivatives it imposed during China's 2015 market crash. China imposed draconian restrictions on stock index trading...

  • SINGAPORE— Asian markets were mixed on Monday as concerns over trade tensions moved to the forefront at the meeting this weekend of the Group of 20 industrial nations. KEEPING SCORE: Japan's Nikkei 225 tumbled 1.3 percent to 22,401.08 and South Korea's Kospi dropped 0.9 percent to 2,269.31. The Nasdaq composite dipped 0.1 percent to 7,820.20 while the Russell...

  • *Company used to be one of China's top soybean importers. The company, once one of the country's largest soybean importers, registered the bankruptcy on Friday with a court in the county of Juxiang in Shandong province, according to a filing on a website run by China's Supreme Court. It is headquartered in Rizhao, China's major crushing hub in eastern Shandong...

  • TOKYO, July 23- Japan's Nikkei fell to a 10- day low on Monday, with exporters driven down by the yen's rally and index heavyweight Fast Retailing hit by speculation the Bank of Japan could wind back its exchange-traded fund purchases. The Nikkei ended the day down 1.33 percent at 22,396.99 after going as low as 22,341.87, its weakest intraday level since July 13.

  • *China Premier calls for swift investigation. *China has been making big push to raise drug safety. SHANGHAI, July 23- A vaccine scandal in China, which has prompted angry reactions from leaders and citizens fed up with safety scares in the country, is sending ripples across the local drug market and threatening Chinese ambitions to play a larger global role.

  • TOKYO, July 23- The dollar slumped against major peers on Monday, knocked lower by U.S. President Donald Trump's comments on the greenback's strength while the yen spiked on reports Japan's central bank is debating moves to reduce its massive monetary stimulus. Against the yen, the dollar fell to two-week lows of 110.75 yen, having lost more than two percent from...

  • DUBLIN, July 23- Ryanair on Monday warned that average fares would be lower than expected during its key summer period due to high competition, unusually hot weather in Northern Europe and uncertainty caused by a series of strikes. But the profit of 319 million euros for the quarter was in line with earlier guidance and slightly ahead of a forecast of 305 million...

  • MELBOURNE, July 23- London copper eased on Monday but held above a one-year low hit last week on mounting concerns that escalating trade tariff spats could dent demand, although a weaker dollar cushioned losses. *LME COPPER: London Metal Exchange copper eased by 0.1 percent to $6,137 a tonne by 0520 GMT, after prices last week fell for the sixth week in a row, hitting...

  • *China buys nearly all its sorghum imports from the U.S. *China imposed 25 percent tariffs on U.S. corn, sorghum on July 6. China brought in 450,000 tonnes of sorghum in June, up from last year's 324,301 tonnes.

  • LOCKPORT, N.Y.— The surveillance system that has kept watch on students entering Lockport schools for over a decade is getting a novel upgrade. "We shake our heads that we're having to deal with and talk about these kinds of security issues," said Robert LiPuma, technology director for the Lockport district, east of Niagara Falls, "but here we are."