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CNBC Utilities Page Wires

  • While most top-rated euro zone bond yields fell, Italy's bond market succumbed to selling again with the weak data encouraging investors to dump the euro zone's riskiest assets. Italy's 10- year bond yield, pushed up by growing political risks, hit a 14- month high- widening the gap over German Bund yields by 18 basis points. That followed weaker-than-expected...

  • MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5...

  • HEAD OF UKRAINE'S CYBER POLICE SAYS AGENCY IS AWARE OF NEW LARGE MALWARE CAMPAIGN POSSIBLY FOCUSED ON UKRAINE- STATEMENT TO REUTERS.

  • HEAD OF UKRAINE'S CYBER POLICE SAYS AGENCY IS WORKING WITH SECURITY SERVICE TO PROTECT UKRAINE AGAINST POSSIBLE NEW CYBER THREAT.

  • May 23- Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in preparation for another massive cyber attack on Ukraine. Cisco said the malware could be used for espionage, to interfere with internet communications or...

  • CISCO SAYS IT SUSPECTS RUSSIAN GOV'T BEHIND HACKING CAMPAIGN AND WARNS IT MAY BE PLANNING ANOTHER ATTACK ON UKRAINE.

  • CISCO, OTHER CYBER FIRMS WARN OF HACKING CAMPAIGN THAT HAS INFECTED MORE THAN 500,000 ROUTERS IN UKRAINE, DOZENS OF OTHER NATIONS.

  • Childcare is the third-largest expense in the family budget, behind food and housing, according to the U.S. Department of Agriculture, which calculated last year that middle class families spend $233,610 raising a child to the age of 18.. Daycare is a crisis and a much bigger problem than college, says Betsey Stevenson, an associate professor of public policy at...

  • PARIS, May 23- Louis Vuitton designer Nicolas Ghesquiere has signed a new contract, delivering a potential boost to luxury goods giant LVMH for which Louis Vuitton is a key source of profits. LVMH group head Bernard Arnault announced Ghesquiere's new contract in a statement on Wednesday. Last month, LVMH reported better-than-expected sales growth in the first...

  • The New York- based company reported net income of $41.3 million, or 50 cents per share, in the quarter ended March 31, compared with a loss of $204 million, or $2.48 per share, a year earlier. The company incurred $322 million in restructuring charges in the year-ago quarter. Net revenue fell 2.3 percent to $1.53 billion, but was above the average analyst estimate of...

  • LONDON, May 23- Gold prices rose on Wednesday on uncertainty about trade talks between the United States and China, which boosted the metal's safe-haven appeal despite a firmer dollar. President Donald Trump said he was not pleased with recent talks with China. "Normally in such a stronger dollar environment gold is trading lower but it's not and this is...

  • BEIJING— China's government has pledged to work conscientiously with Washington on resolving a sprawling trade dispute ahead of a visit by U.S. China's Commerce Ministry said Wednesday it welcomes imports of "high-quality and competitive" American products following promises to buy more American farm goods and energy. The ministry's statement gave no...

  • LONDON, May 23- The leader of the free world is trash-talking globalisation and advocating trade tariffs, another president says inflation is caused by high interest rates, and the incoming government of a G7 country wants 250 billion euros of national debt written off. From Donald Trump to Turkey's president Tayyip Erdogan to an incoming populist coalition...

  • Disney in December offered to buy the film, television and international businesses from Fox for $52.4 billion in stock to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.. Comcast is in talks with investment banks to increase a bridge financing facility by as much as $60 billion so it can make an offer for Fox's media assets, three...

  • SINGAPORE, May 23- Sinopec, Asia's largest refiner, will boost U.S. crude oil imports to an all-time high as part of efforts by China to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday. China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war...

  • WASHINGTON— President Donald Trump says the U.S. will probably need a "different structure" when it comes to trade with China. Trump tweeted: "Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion." Trump's treasury secretary says...

  • MOSCOW _ Mobile TeleSystems OAO on Wednesday reported first-quarter earnings of $271.1 million. The Moscow- based company said it had profit of 29 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BEIJING, May 23- The graft watchdog of China's ruling Communist party said on Wednesday that officials from a branch of Aluminum Corp of China, known as Chinalco, and a number Chinese cities had been disciplined for environmental failures. The general manager of Chinalco's Lanzhou branch, in the northwestern Gansu province, was publicly criticised for its "...

  • NEW YORK— Ralph Lauren Corp. on Wednesday reported fiscal fourth-quarter net income of $41.3 million, after reporting a loss in the same period a year earlier. The New York- based company said it had profit of 50 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

  • NEW YORK, May 23- Target Corp posted lower-than-expected quarterly profit on Tuesday as spending on its online business and delivery options helped sales but ate into margins, sending shares down 6 percent in pre-market trade. The retailer's price cuts and heavy investments to ward off competition from Amazon.com Inc and brick-and-mortar rivals continued...