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CNBC Utilities Page Wires

  • LONDON, June 21- Autos stocks slammed the brakes on a relief bounce in European shares on Thursday, sinking after German carmaker Daimler warned profit would be hit by higher tariffs. The autos sector fell 2.3 percent to a nine-month low while the pan-European STOXX 600 eased down 0.2 percent as no new salvos were exchanged in an ongoing U.S.- China trade spat.

  • VIENNA, June 21- Saudi Arabian Energy Minister Khalid al-Falih said on Thursday it would be "nice" to see Saudi Aramco floated on the stock exchange next year, but he added the timing was not critical to the Saudi government.

  • *FTSE 100 edges up as sterling stays at lows. Gains in defensive stocks like consumer staples and healthcare lifted the FTSE by 0.2 percent by 0852 GMT, while rate-sensitive financials were a drag and energy stocks underperformed on expectations of an OPEC deal to raise output. "The main impetus for FTSE upside likely derives from fresh GBP weakness ahead of the...

  • WELLINGTON, New Zealand— European Union Trade Commissioner Cecilia Malmstrom says it has targeted some iconic American imports like Harley-Davidson motorbikes and bourbon for tariffs in hopes that it will "make noise" in the trade debate and put pressure on U.S. leaders. The EU announced this week it would begin taxing U.S. imports worth about $3.4 billion from...

  • RAANANA, Israel, June 21- Israel's UroGen Pharma plans to begin a mid-stage trial of its treatment for bladder cancer patients in August, after positive interim results last month from an advanced trial of a treatment for upper urinary tract cancer. The company will have final results from that trial in the second half of 2018 and plans to file for approval by the...

  • LONDON— Britain's Treasury chief is expected to outline plans to ensure the nation's financial services industry can thrive after the U.K. leaves the European Union when he delivers a speech to top business executives Thursday night. Philip Hammond says in excerpts released ahead of his annual Mansion House speech that London will remain the "global capital...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • BUDAPEST, June 21- Hungary's forint fell to a new 3-1/ 2- year low versus the euro on Thursday, underperforming its regional peers, as the impact of the central bank's message on Tuesday flagging an eventual end to its ultra-loose policy was fading. At 0835 GMT, the forint traded 0.6 percent lower at 325.90 against the euro, losing all its gains posted in the wake of...

  • LONDON, June 21- Britain's finance minister will try to reassure bankers on Thursday that he will protect their interests as London leaves the European Union, with a speech emphasizing open trade and the relationship of financial services both with Europe and beyond. Philip Hammond, the most pro-European of Prime Minister Theresa May's top ministers, will...

  • *China says no matter how U.S. attitude changes, China to continue on its own path. The United States has alleged that China is stealing U.S. intellectual property, a charge denied by Beijing. Washington's accusations of forced tech transfers are a distortion of reality, and China is fully prepared to respond with "quantitative" and "qualitative" tools if the U.S....

  • VIENNA, June 21- OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signalling it would support only a modest increase in supply. Russia, which is not in OPEC, has proposed producers raise output by 1.5 million barrels per day. OPEC and its allies have...

  • MANILA, June 21- Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday. Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.

  • LONDON, June 21- The pound sank to a seven-month low on Thursday before a Bank of England monetary policy meeting where officials could indicate if interest rates will be raised this year despite a weak spell for the economy. Market expectations are for a less than 40 percent likelihood of the Bank of Englands Monetary Policy Committee raising interest rates by...

  • *Daimler exports U.S.-made Mercedes to China. FRANKFURT, June 21- German luxury carmaker Daimler cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry. The company said late on Wednesday that import tariffs on cars exported from...

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *China Enterprises index HSCE falls 1.2 percent. June 21- Hong Kong stocks ended at a six-month low on Thursday, as China-U.S. trade conflict fears curbed risk appetite. **Around the region, MSCI's Asia ex- Japan stock index was weaker by 0.67 percent, while Japan's Nikkei index closed up 0.61 percent.

  • COPENHAGEN, Denmark— The Norwegian Competition Authorities has fined Norway's largest telecoms provider Telenor 788 million kroner for abusing its dominant position on the country's mobile market. The watchdog's director general, Lars Soergard, says Telenor made "a serious infringement of competition law" when creating "barriers for the development of a...

  • KUALA LUMPUR, June 21- Malaysia said on Thursday it will provide up to 2.8 billion ringgit to complete an integrated financial district from which more than 3 billion ringgit was diverted to pay debts of scandal-plagued 1 Malaysia Development Berhad. The minister said since 2012, Malaysia's government extended advances and transfers, and bought land from...

  • OSLO, June 21- Norway's central bank kept its key policy interest rate unchanged at a record low 0.50 percent on Thursday, as expected, and reiterated plans for a hike later this year.

  • VIENNA, June 21- An increase in oil supply would be acceptable if justified from the demand side and agreed upon by all OPEC members, a source familiar with Iranian thinking said on Thursday. An increase because of external pressure on OPEC is not acceptable, the source said. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Friday...