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CNBC Utilities Page Wires

  • TOKYO, July 19- Oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the United States, the world's biggest consumer of the fuel, with a statement from oil producers that they are putting more crude on the market. Brent crude futures fell 11 cents, or 0.2 percent, to $72.79 a barrel at 0401 GMT. Also, a meeting of members of...

  • The European Commission on Wednesday fined Google a record $5 billion for forcing cellphone makers that use the company's Android operating system to install Google's search and browser apps. A remedy could involve unbundling its core apps Search, Chrome and Play Store from eight other apps it packages with Android. EU Competition Commissioner Margrethe...

  • GEELYS VOLVO CARS SAYS Q2 OPERATING PROFIT ROSE 28.6 PCT TO SEK 4.2 BLN.

  • VOLVO CARS EXPECTS TO SET NEW SALES RECORD IN 2018 - CEO SAMUELSSON.

  • VOLVO CARS - Q2 REVENUE ROSE 26.9 PCT TO SEK 66 BLN.

  • VOLVO CARS- H1 OPERATING PROFIT ROSE 15.7 PCT TO SEK 7.8 BLN ON SEK 122.9 BLN REVENUE, UP 23.6 PCT.

  • PARIS/ STOCKHOLM, July 19- Volvo Cars, whose Chinese parent Geely is considering an IPO of the Swedish carmaker, said it was on track for another sales record despite rising trade tensions, after second-quarter profit rose on strong demand for its SUVs. Pledging on Thursday to hit a fifth record in 2018, Chief Executive Hakan Samuelsson said the first-half...

  • *China markets lag, yuan hits 1- year low on tariff issues. TOKYO, July 19- Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China's yuan to fresh one-year lows in both the onshore and offshore markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose...

  • TOKYO, July 19- Oil prices on Thursday extended gains from the previous session, buoyed after official data showed that U.S. inventories of gasoline, diesel and heating oil unexpectedly fell last week. Brent crude futures had risen 8 cents, or 0.1 percent, to $72.98 by 0043 GMT. West Texas Intermediate crude futures climbed 20 cents, or 0.3 percent, to $68.96.

  • TOKYO, July 19- Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. Exports to the United States dipped 0.9 percent in June from the same period a year ago on waning shipments of cars and semiconductor manufacturing equipment, two of Japan's most important export products.

  • Market eyes sales to China, U.S. beans at discount to Brazil. "U.S. soybeans have done enough to make shipments viable to China with 25 percent duty," said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney. China's buyers have booked soybeans from Brazil, instead of the United States, because of a 25 percent tariff on imports of U.S. soy that...

  • TOKYO, July 19- Japan's Nikkei share average gained on Thursday, hovering at a one-month high thanks to a softer yen as well as strong demand for energy, mining and chip equipment makers, though investors were wary of bidding up prices across-the-board given the recent rally. The benchmark index hit 22,949.32 on Wednesday, the highest level since June 13.

  • TOKYO— Japan has recorded a trade surplus in June, including with the U.S., despite tariffs put in place by President Donald Trump. The Finance Ministry reported Thursday that Japan's exports in June rose 6.7 percent from the same month a year ago, as exports grew in machinery, food, metals and computers. By country, exports rose to nations including Germany, China and...

  • Wang Chunying, spokeswoman at the State Administration of Foreign Exchange, said the regulator needs to assess the impact of trade frictions on China's cross-border capital flows but that China can cope with challenges as its reserves are ample.

  • SYDNEY, July 19- Australian employment surged by the most this year in June as firms took on more full-time workers, yet the jobless rate held steady as more people entered the labor force in a trend that has curbed much-needed wage gains. Figures from the Australian Bureau of Statistics released on Thursday showed 50,900 net new jobs were added in June, blowing...

  • TOKYO, July 19- Japan's exports to the United States fell in June for the first time in 17 months amid worries about U.S. Exports to the United States fell 0.9 percent in June from the same period a year ago due to a decline in shipments of cars and semiconductor manufacturing equipment, two of Japan's most important export products. The decline, while slight, could...

  • BEIJING, July 19- Shanghai zinc soared as much as 6 percent to a one-week high on Thursday after data showed a year-on-year drop in Chinese production and the London Metal Exchange zinc price posted its biggest daily jump in almost a year. *CHINA: China's June zinc output fell 5 percent year-on-year to 475,000 tonnes, the National Bureau of Statistics said on...

  • SHUANGFENG COUNTY, China, July 19- Liu Deke, 73, puffed away on a roll-up as he threshed stalks of dried rapeseed on a large canvas sheet. It was a normal day's work for Liu and his wife, farmers in Dongfeng village in China's southern Hunan province. And like many others in rural China, their offspring have long ago moved to cities where wages far outstrip farming...

  • SHUANGFENG COUNTY, China, July 19- Liu Deke, 73, puffed away on a roll-up as he threshed stalks of dried rapeseed on a large canvas sheet. It was a normal day's work for Liu and his wife, farmers in Dongfeng village in China's southern Hunan province. And like many others in rural China, their offspring have long ago moved to cities where wages far outstrip farming...

  • SYDNEY, July 19- Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signalling his almost full retreat from public business life. He quit the board of his private company Consolidated Press Holdings on June 27, and corporate records show...