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CNBC Utilities Page Wires

  • SYDNEY, July 18- Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei leapt 1 percent as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside...

  • TOKYO, July 18- Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 31 cents, or 0.4 percent, at $71.85 a barrel by 0240 GMT. Official numbers from the U.S. Department of Energy's Energy Information Administration are due at...

  • SEOUL, South Korea— South Korea's government dramatically cut its outlook on the job market while slightly lowering its growth forecast Wednesday, boding ill for President Moon Jae- in's jobs-first agenda. The Finance Ministry said South Korea's economy will create a mere 180,000 jobs this year, down from the 320,000 jobs it forecast in December and the lowest...

  • HONG KONG, July 18- The Hong Kong stock exchange said on Wednesday it has agreed to work with China's bourses towards the inclusion of dual-class shares in a cross-border trading link, marking a step towards resolving a dispute regarding the link. Bourse operator Hong Kong Exchanges and Clearing said in a statement Hong Kong- listed dual-class shares will need...

  • *Takara, Tokyo Dome fall after brokerage takes guess to be excluded from Nikkei index in Oct. TOKYO, July 18- Japan's Nikkei share average soared to a more than one-month high on Wednesday morning as exporters such as automakers and technology firms got a boost after the dollar hit a six-month high against the yen. The dollar was up 0.05 percent at 112.97 yen after...

  • BEIJING, July 18- Shanghai zinc was on course for its first rise in seven trading days on Wednesday, moving away from the previous session's one-year low as it tracked Tuesday's gains in London, where zinc inventories have fallen for six straight days. The metal, used to galvanize steel, is still down 11.6 percent so far this month in Shanghai on concerns about...

  • SAO PAULO, July 17- Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election. Speaking at a business event in Sao Paulo, Gomes called the proposed deal "hostile" to Brazil's interests and a threat to the...

  • SYDNEY, July 18- U.S. wheat futures rose more than 1 percent on Wednesday as dry weather in key global producers pushed prices to an eight-day high. *The most active wheat futures on the Chicago Board Of Trade were up 1.4 percent at $5.04-3/ 4 a bushel by 0104 GMT, near the session high of $5.05 a bushel, the highest since July 10. *Germany, Poland and Ukraine are among the...

  • July 17- Texas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker's code on personal behavior. The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported...

  • BENGALURU, July 18- Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. *The Fed's Powell said on Tuesday he sees the United States on course for years more of...

  • *China's production running at "record" levels. LONDON, July 17- The European Commission will this week unveil its proposed provisional "safeguard" measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States. The export pace has slowed since then because of capacity closures and stronger internal...

  • July 17- Kansas City Federal Reserve Bank President Esther George said on Tuesday that uncertainty over U.S. trade policy could slow the economy, even if the current tariffs in and of themselves are too small to have a big impact.

  • TOKYO, July 18- Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 40 cents, or 0.6 percent, at $71.76 a barrel by 0027 GMT. They rose 32 cents to $72.16 a barrel on Tuesday, after earlier touching a three-month low.

  • MEXICO CITY, July 17- Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings. The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 818 million Mexican pesos, down...

  • SYDNEY, July 18- Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei leapt out of the blocks with a 1 percent gain as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of...

  • TOKYO, July 18- The dollar was broadly higher on Wednesday, hitting a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the U.S. economy and reinforced views that the Fed was on track to steadily hike interest rates. The dollar was up 0.05 percent at 112.97 yen after going as high as 113.08, its strongest since...

  • *Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.

  • Federal Reserve Today in Washington. 18- Jul Germany Auction of 30- year Federal bonds 19- Jul France Index-linked Securities auction 19- Jul Japan 1- year discount bill auction 19- Jul Spain Bond auction 19- Jul United Kingdom 1 3/ 4% Treasury Gilt 2057 20- Jul Japan 3- month discount bill auction 23- Jul Belgium OLO Auction 24- Jul Japan Auction of 40- year...

  • SAN FRANCISCO, July 17- With the U.S. economy firing on all cylinders, the Federal Reserve should ease away from monetary policy accommodation and move interest rates up far enough to prevent unwanted inflation but not so fast that a recession ensues, a U.S. central banker said Tuesday. "At a time of full employment with price stability, policy should be a neutral...

  • WASHINGTON D.C.- Federal Reserve Chairman Jerome Powell gives semiannual testimony on the economy and monetary policy before the House Financial Services Committee- 1400 GMT. FRIDAY, JULY 20 GLASGOW, Kentucky- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Glasgow Chamber of...