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CNBC Utilities Page Wires

  • SEOUL, May 24- The Bank of Korea held interest rates steady for a sixth straight month on Thursday, with inflation seen remaining below target and trade frictions between the United States and China raising fears of collateral damage to other export-reliant Asian economies. The Bank of Korea's monetary policy committee held its base rate steady at 1.5 percent,...

  • WASHINGTON, May 23- The Trump administration on Wednesday launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. It is also trying to renegotiate the North American Free Trade Agreement to return more auto production to the United States.

  • SHANGHAI, May 24- Japanese retailer Muji has been fined 200,000 yuan in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island. Muji, which is owned by Ryohin Keikaku Co, imported 119 clothes hangers from Japan last year in packaging that marked Taiwan as the "country...

  • SEOUL, May 24- Oil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran. The Organization of Petroleum Exporting Countries may decide to increase oil output to make up reduced supply from Iran and Venezuela in response to concerns from Washington over a...

  • BENGALURU, May 24- Gold prices edged higher for a second day on Thursday as the dollar extended losses after minutes of the latest Federal Reserve meeting hinted at a dovish approach to interest rate hikes in the United States. *Spot gold was up 0.1 percent at $1,294.58 per ounce at 0046 GMT, after gaining nearly 0.2 percent in the previous session.

  • Sixty-three years after her death, Mexican artist Frida Kahlo has achieved a level of fame she never reached in her lifetime, her image emblazoned on mugs, T-shirts, keychains and even underwear. "Frida Kahlo is not a product or a brand. Frida Kahlo is not a doll, "said photographer Cristina Kahlo, the artist's great niece.

  • SAN FRANCISCO, May 23- Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh, Pennsylvania, and two cities in California, a spokeswoman...

  • TOKYO, May 24- The dollar lost momentum on Thursday after the minutes of the Federal Reserve's last policy meeting were seen as dovish and U.S. The euro was hampered by concerns over economic slowdown in the currency bloc and political risks in Italy, staying near a six-month low against the dollar and a nine-month low versus the yen. The dollar's fall accelerated...

  • TORONTO/ KIEV, May 23- The U.S. government said late on Wednesday that it would seek to wrestle hundreds of thousands of infected routers and storage devices from the control of hackers who security researchers warned were planning to use the "botnet" to attack Ukraine. Cisco said the largest number of infections from the VPNFilter malware were in Ukraine, which...

  • *Trump says' different structure' needed in U.S.- China trade talks. SHANGHAI, May 24- Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.- China trade talks, but negative sentiment was tempered by U.S. President Donald Trump said he was not pleased with trade talks between the United States and China, he called for "a different...

  • SANTIAGO, May 23- Amazon Web Services is looking to invest in Chile for the long-term as part of a larger Latin American expansion plan, a senior executive said on Wednesday after meeting with Chilean President Sebastian Pinera. "We think Chile is super important to Latin America and the rest of the world." Both Chile and Argentina- two of the largest economies in...

  • "I instructed Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on Americas national security," Trump said in a statement after meeting with Ross. An administration official said before the announcement that the expected move was aimed partly at...

  • *New York- listed shares down 7.5 pct after close. RIO DE JANEIRO/ SAO PAULO, May 23- Brazil's state-led oil company Petrobras on Wednesday temporarily cut diesel prices by 10 percent in order to help the government and truck drivers resolve a protest crippling the nation's highways. New York- listed shares of Petrobras fell as much as 7.5 percent in after-market...

  • Federal Reserve Today in Washington. 24- May United States Sale of 7- year notes 24- May United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2036 24- May Sweden Auction of inflation-linked government bonds 25- May Japan 3- month discount bill auction 28- May Italy Zero-coupon/BTPi auction 29- May Italy Bills auction 29- May Japan Auction of 40- year...

  • KIEV- National Bank of Ukraine holds monetary policy meeting. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference 1100 GMT. TUESDAY, MAY 29 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • DALLAS- Federal Reserve Bank of Richmond President Thomas Barkin gives introductory remarks before the Federal Reserve Banks of Dallas and Atlanta "Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy" conference- 0000 GMT. LONDON Bank of England Governor Mark Carney gives a Welcome Address& Introductory Remarks at...

  • DALLAS- Federal Reserve Bank of Richmond President Thomas Barkin gives introductory remarks before the Federal Reserve Banks of Dallas and Atlanta "Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy" conference- 0000 GMT. LONDON Bank of England Governor Mark Carney gives a Welcome Address& Introductory Remarks at...

  • SANTIAGO, May 23- Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday. Salar Blanco, 50 percent- owned by Australia's Lithium Power International, with...

  • NEW YORK, May 23- Johnson& Johnson and its talc suppliers on Wednesday were hit with a $21.7 million jury verdict in a lawsuit by a woman who said she developed cancer after being exposed to asbestos in the company's Baby Powder. The verdict by a Los Angeles jury came down in the case of 68- year-old Joanne Anderson, who was diagnosed with mesothelioma, a form of cancer...

  • NEW YORK— A legislator has announced a bill that would ban the use of plastic straws and stirrers in New York City bars, restaurants and coffee shops. Council Member Rafael Espinal introduced the bill on Wednesday. Seattle and Miami Beach have also enacted bans on plastic straws.