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CNBC Utilities Page Wires

  • SHANGHAI, April 24- China and Hong Kong stocks rallied strongly on Tuesday, led by property and consumer companies, as the Communist Party declared its determination to achieve this year's economic targets in the face of global trade tensions. In Hong Kong, the Hang Seng index added 1.1 percent, to 30,578.79 points, while the Hong Kong China Enterprises Index...

  • DHAMRAI, Bangladesh— A new survey says that five years after a garment factory collapse in Bangladesh killed 1,134 people and left thousands injured conditions for the workers toiling in the country's huge apparel industry have improved but much remains to be done. The survey by the Center for Business and Human Rights at New York University's Stern School of...

  • IOWA CITY, Iowa, April 24- Wells Fargo& Co executives planned to convey a message of atonement to shareholders at the bank's annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past. "Our top priority remains rebuilding the trust of our shareholders, customers, team members,...

  • WASHINGTON— It landed with a thud on newsstands at Walmart and rural supermarkets last month: Ninety-seven fawning pages saluting Saudi Arabia, whose ambitious crown prince was soon to arrive in the U.S. on a PR blitz to transform his country's image. But files obtained by The Associated Press show that a digital copy of the magazine, produced by American Media...

  • SINGAPORE, April 24- The dollar set a three-month high against a basket of currencies on Tuesday, having gained a boost as the U.S. 10- year Treasury yield climbed toward the psychologically key 3 percent level. As a result, U.S.- Japan and U.S.-German yield differentials have recently widened in the dollar's favour, leaving the yen and the euro lower.

  • WASHINGTON— President Donald Trump's escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his "America First" agenda hit home. In Okmulgee, Oklahoma, dozens of jobs hang in the balance as office furniture giant Steelcase waits to hear back from the Commerce Department.

  • SHANGHAI, April 24- China's yuan edged up against the U.S. dollar on Tuesday as companies continued to sell dollars and lock in profits after the greenback hit a three-month high. The People's Bank of China set the midpoint rate at 6.3229 per dollar prior to the market open, 195 pips or 0.3 percent weaker than the previous fix of 6.3034. Separately, the politburo, a top...

  • SINGAPORE, April 24- A vessel carrying 69,842 tonnes of sorghum from the United States bound for China has switched its destination to Dammam, Saudi Arabia, according to Thomson Reuters Eikon ship tracking data. Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on...

  • After falling for the three previous sessions, spot gold had edged up 0.1 percent to $1,325.81 per ounce by 0417 GMT. That was not far from a low of $1,321.81 touched on Monday, its weakest since April 6. We feel that there could be more downward pressure on gold in the near-term, "said John Sharma, an economist with National Australia Bank.

  • SINGAPORE, April 24- A vessel carrying 69,842 tonnes of sorghum from the United States bound for China has switched it destination to Dammam, Saudi Arabia, according to Thomson Reuters Eikon ship tracking data.

  • TOKYO— Asian shares were mostly higher Tuesday as a surge in U.S. bond yields pushed the value of the dollar higher against other major currencies. Australia's S&P/ASX 200 climbed 0.5 percent to 5,916.40, and South Korea's Kospi lost 0.3 percent to 2,467.81. The Russell 2000 index of smaller-company stocks declined 0.1 percent, to 1,562.12.

  • Bitcoin "miners" who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern border a couple of years ago to tap into some of the nation's cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region. "We don't want someone coming in, taking our...

  • *MSCI ex- Japan tad firmer after two days of losses, Nikkei up. TOKYO/ SYDNEY, April 24- Asian stocks bounced from near two-week lows on Tuesday as investors paused for breath following the heavy selling of recent sessions and waited to see if the dollar's rally was sustainable. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 percent higher,...

  • LONDON/ NEW YORK April 24- Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. "Insurers are becoming much more sophisticated about investing in private equity," Etienne Comon,...

  • TOKYO, April 24- Japanese government bond prices slipped on Tuesday, weighed down by weaker U.S. The 2.1 trillion yen two-year JGB auction on Tuesday managed to attract ample investor demand despite the headwinds facing the bond market, amid expectations that the Bank of Japan would stick with its negative interest rate policy for the foreseeable future.

  • *Prices also buoyed by looming threat of U.S. sanctions on Iran. *Soaring U.S. output undermines OPEC's effort to tighten market. SINGAPORE, April 24- Brent crude oil rose for sixth day on Tuesday, passing $75 a barrel, on expectations that supplies will tighten because fuel is rising at the same time the United States may impose sanctions against Iran and OPEC- led...

  • BRENT CRUDE OIL FUTURES RISE TO $75 PER BARREL AS SUPPLIES TIGHTEN AMID STRONG DEMAND.

  • BEIJING, April 24- China's General Administration of Customs will release the final batch of China's detailed March and first-quarter trade data on Tuesday afternoon at 2:30 p.m., an official said on Tuesday. The data, which provides a breakdown of China's commodities trade by import origin and destination, had initially been expected to be released on...

  • *U.S. soybeans lose more ground as China reduces purchases. The Chicago Board of Trade most-active soybean contract had eased 0.1 percent to $10.31-1/ 4 a bushel by 0232 GMT, having closed down 0.8 percent on Monday when prices hit their weakest since April 6 at $10.29 a bushel. The U.S. Department of Agriculture has not announced any new soybean sales to China since...

  • NEW YORK, April 23- Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty's stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours trading. Einhorn, who is known to move stocks by simply opening his mouth, did not disappoint at the Sohn Investment Conference with this year's...