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CNBC Utilities Page Wires

  • BEIJING, July 18- Zinc prices on Wednesday pulled away from one-year lows hit earlier in the week and the metal recorded its first daily jump in seven trading days in Shanghai, tracking a rise on the London Metal Exchange amid plunging inventories. Zinc, used to galvanise steel, is down 10.1 percent so far this month in Shanghai and 11.3 percent in London on concerns...

  • CORRECTED- CHINA FOREIGN MINISTRY SAYS TRADE WAR HAS BECOME THE BIGGEST CONFIDENCE KILLER FOR THE WORLD ECONOMY.

  • *Spot gold to hover above $1,226 an ounce- technicals. BENGALURU, July 18- Gold prices slipped to their lowest in a year on Wednesday, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views that the central bank is on track to steadily hike interest rates. The stronger dollar following Powell's comments weighed...

  • GENEVA— Novartis says net profit rose 3 percent in the second quarter amid strong growth for some of its top products, as the Swiss pharmaceuticals giant moves to spin off its Alcon eye-care business. Second-quarter core net profit rose to $3.01 billion from $2.87 billion a year earlier. Sales for heart-failure drug Entresto more than doubled from a year ago to...

  • PARIS, July 18- Ubisoft shares rose to record highs on Wednesday after the video games company reported strong first-quarter sales figures and kept its full-year targets. Shares in the company rose as much as 7.6 percent to a record intraday high of 107.15 euros at the start of trading, before edging back to 105.50 euros at 0702 GMT, up 6 percent.

  • Over 130,000 pop culture devotees are descending on San Diego's Gaslamp District Wednesday for the annual four-day comic book convention Comic-Con, the big, bright, and very heavily branded cofab of costumed superfans and the corporate sponsors vying for their attention— and dollars. Interested in dining at a working replica of the "Demolition Man" Taco Bell...

  • Brent futures were down 43 cents, or 0.6 percent, at $71.73 a barrel by 0335 GMT, wiping out a 32 cent gain on Tuesday when the benchmark hit a three-month low. Official numbers from the U.S. Department of Energy's Energy Information Administration are due at 10:30 a.m. EDT on Wednesday. On the demand-side, intensifying risks over trade tensions between the United...

  • ELON MUSK SAYS "I APOLOGIZE TO MR. UNSWORTH AND TO THE COMPANIES I REPRESENT AS LEADER. THE FAULT IS MINE AND MINE ALONE "- TWEET.

  • SAO PAULO, July 18- Bankers and lawyers expect the pipeline of big deals in Brazil to shrink in coming months as financial and strategic acquirers avoid taking risks due to market volatility during a presidential campaign and doubts about the economy's recovery. "Market volatility during most of the first half was not as high as it is now, so it did not have much...

  • BEIJING/ SHANGHAI, July 18- China's version of U.S. broadcaster NBCUniversal's satire show "Saturday Night Live" has temporarily been pulled from a domestic video site, amid a crackdown on content ranging from online blogs to livestreamed video. The news comes after China's content regulator urged media platforms last week to produce and broadcast "positive...

  • SINGAPORE— Asian markets have eased after early gains as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy. Shares rose in Taiwan and Southeast Asia. Prescription drug business Johnson& Johnson and financial services company Charles Schwab posted bullish earnings, adding to the largely positive corporate earnings...

  • >Japan's MRJ faces dogfight with sector giants. >Deals flow as UK tries to soothe Brexit fears. >UK rivals France- Germany fighter jet plan.

  • TOKYO, July 18- Japan's Nikkei share average advanced to a more than one-month high on Wednesday as exporters such as automakers and technology firms got a boost after the dollar hit a six-month high against the yen. The dollar was up 0.05 percent at 112.955 yen after going as high as 113.08, its strongest since Jan. 9 as U.S. Meanwhile, the Nikkei benchmark index is...

  • SYDNEY, July 18- Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent and Australia 0.6 percent. Shanghai blue chips started firm only to...

  • STOCKHOLM, July 18- Mobile telecom equipment maker Ericsson posted an unexpected swing to a modest operating profit, saying it was boosted by growing sales traction in North America, which gave it confidence of meeting longer-term financial targets. "We have good market traction in Networks, with a sales growth of 2 percent, particularly in North America where...

  • FRANKFURT, Germany— New research published by the European Central Bank pushes back against criticism levelled at its 2.4 trillion euro stimulus program, indicating it did not increase inequality and helped boost poorer households' income by putting people back to work. The arguments in the paper released Wednesday help counter accusations, particularly...

  • *Auctions a bellwether of property demand in Australia. SYDNEY, July 18- It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime.

  • The Ministry of Finance sold 600 billion yen of off-the-run JGBs and the auction attracted ample investor interest. The suspension of Mitsubishi UFJ Morgan Stanley Securities as a primary dealer had little impact on the auction. The MOF said last week that it would suspend the primary dealer status given to Mitsubishi UFJ Morgan Stanley Securities for one...