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CNBC Utilities Page Wires

  • *U.S.- China truce on tariffs boosts market risk tone. NEW YORK, May 21- The dollar advanced to a five-month high against a basket of currencies on Monday, as news of a truce between the United States and China on trade tariffs prompted investors to pare back short positions on the greenback. "In the absence of major economic releases, the headline on the easing of...

  • NEW YORK, May 21- Brazil's coffee harvest will rise to a record 60.2 million 60- kg bags in the 2018-19 crop year, up 18 percent year-on-year as the world's biggest producer's yield was projected to reach the highest level ever, a U.S. attaché report showed on Monday. The U.S. attaché's production forecast is in line with other estimates for the crop year that will...

  • AMMAN, May 21- Jordan's cabinet on Monday approved major IMF-guided proposals that aim to double the income tax base, as a key part of reforms to boost the finances of a debt-burdened economy hit by regional conflict. "When only 4 percent of Jordanians pay income tax, this may not be the right thing," Finance Minister Omar Malhas said in remarks after the cabinet...

  • May 21- Data firm IHS Markit Ltd said on Monday it will buy Ipreo from private equity funds Blackstone Group LP and Goldman Sachs Group Inc for $1.86 billion to expand its financial services operations. IHS, whose diverse set of businesses range from selling data on automotive and technology industries to publishing Jane's Defence Weekly, said the deal will be...

  • *US executive order restricts Venezuela's ability to sell assets. *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. NEW YORK, May 21- U.S. crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC- member...

  • President Donald Trump signed into a law a congressional resolution overhauling a rule issued by the Consumer Financial Protection Bureau that aimed to bar discrimination in auto lending, the White House said on Monday. The joint resolution, which was passed by the Senate and the House of Representatives, is the latest attempt to chip away the watchdog...

  • *Financial markets spooked, Italy's borrowing costs surge. ROME, May 21- Italy's anti-establishment 5- Star Movement and the far-right League on Monday proposed Giuseppe Conte, a little-known law professor, as prime minister to lead their big-spending coalition government. But instead of immediately endorsing their choice, President Sergio Mattarella...

  • The Treasury Department auctioned $48 billion in three-month bills at a discount rate of 1.895 percent, up from 1.89 percent last week. The three-month rate was the highest since those bills averaged 1.9 percent on June 30, 2008. For a $10,000 bill, the three-month price was $9,952.10 while a six-month bill sold for $9,894.27.

  • NEW YORK, May 21- Pennsylvania Governor Tom Wolf's administration on Monday sued an array of financial, legal and other professional firms over their involvement in a 15- year-old incinerator upgrade project that nearly bankrupted the state capital Harrisburg. The state sued RBC Capital Markets, Buchanan Ingersoll& Rooney PC, Public Financial Management...

  • WASHINGTON, May 21- The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. Craig Becker, a former member of the U.S. National Labor Relations Board and now general counsel...

  • DETROIT— Long emergency stopping distances, difficult-to-use controls and a harsh ride stopped Tesla's Model 3 electric car from getting a recommended buy rating from Consumer Reports. Consumer Reports says the car has exhilarating acceleration and handling. The car that starts at $35,000 has been plagued by production delays.

  • NEW YORK, May 21- U.S. small-cap stocks look poised to extend a breakout move higher, especially if oil prices rally further and drive gains in smaller energy companies that have provided leadership in recent weeks, analysts and investors said. The Russell 2000 index of small capitalization stocks was on track for a fourth consecutive record closing high on...

  • TRUMP SIGNS INTO LAW CONGRESSIONAL RESOLUTION OVERHAULING CONSUMER FINANCIAL PROTECTION BUREAU INDIRECT AUTO LENDER RULE- CPFB STATEMENT.

  • NEW YORK, May 21- U.S. The Treasury will sell $99 billion in short and intermediate-dated notes this week, including $33 billion in two-year notes on Tuesday, $36 billion in five-year notes on Wednesday and $30 billion in seven-year notes on Thursday. "I think thats going to be really the tug of war, investors who think rates to continue rising further versus those...

  • PARIS, May 21- The French government plans to absorb about 35 billion euros of national railway operator SNCF's debt burden of around 47 billion euros as part of planned reforms to SNCF, French business daily Les Echos said on Monday. The plan, which would see the government take on chunks of SNCF's debt in 2020 and 2022, will be announced by Prime Minister Edouard...

  • *Oil markets tight on OPEC cuts, looming U.S. sanctions vs Iran. Crude prices hovered near 2014- highs early Monday, bolstered by worries about production from OPEC members Iran and Venezuela. President Donald Trump had discussions with Russia and China about issuing new debt to Venezuela.

  • FCC SAYS NO DECISION EXPECTED BEFORE JULY 12 ON SINCLAIR-TRIBUNE MERGER- STATEMENT.

  • FEDERAL COMMUNICATIONS COMMISSION SEEKS NEW COMMENTS ON PROPOSED DIVESTITURES IN SINCLAIR-TRIBUNE MERGER- STATEMENT.

  • May 21- Data firm IHS Markit Ltd said on Monday it will buy Ipreo from private equity funds of BlackStone Group LP and Goldman Sachs for $1.86 billion.

  • President Donald Trump on Monday put in place new economic sanctions aimed at Venezuela in an executive order banning U.S. citizens from being involved in sales of that country's accounts receivables related to oil and other assets.