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CNBC Utilities Page Wires

  • SAN FRANCISCO— A dozen wildfires that burned thousands of homes in California's wine country and killed at least 15 people last October were started by Pacific Gas& Electric power lines and utility poles, state fire officials said. Falling trees and tree limbs hitting power lines were the most common cause, but one fire erupted after PG&E tried to re-energize a...

  • LA MALBAIE, Quebec— President Donald Trump has charged into the Group of Seven summit at odds with key allies over U.S. tariffs, then set out to defuse tension with friendly banter and offered vague claims of progress in trade talks. But details were scant and clear differences remained at the summit's midpoint. On his way to the annual gathering, Trump laid out his...

  • WASHINGTON— The Singapore coastal hotel where President Donald Trump and North Korean leader Kim Jong Un plan to meet on June 12 is overseen by a wealthy Singapore family whose real estate development firm is pushing into the competitive upscale resort realm. The 112- room Capella Singapore, which juts out of a lushly landscaped island in Singapore's harbor,...

  • KABUL, June 9- Shoppers in the Afghan capital are going online for everything from fashion to furniture to avoid bomb attacks and sexual harassment, with dozens of start-ups doing a brisk trade where there were few on the ground two years ago. Suicide bombings and other attacks in Kabul have killed and wounded hundreds of people this year and security had been...

  • WASHINGTON— An unexpected weakening in the finances of Social Security and Medicare has raised concern about the bedrock programs for the middle class. The projected insolvency for Social Security stayed unchanged— in 2034— but Medicare's moved three years closer, to 2026.. Both programs will start tapping their reserves this year, meaning that income from...

  • President Donald Trump and North Korean leader Kim Jong Un, one of its namesakes is basking in the publicity too- on China's border with North Korea. The Singapore City condominium in Dandong, the main gateway into North Korea in northeastern China, is celebrating its strongest sales in six years thanks to property speculators who see the June 12 meeting as...

  • The records included information about the friends of Facebook users, including phone numbers and breakdowns analyzing the degrees of separation between people on the social networks, according to a Wall Street Journal report. In its confirmation of the story, Facebook acknowledged the information was given to a "small number" of companies including RBC...

  • WASHINGTON— President Donald Trump raised eyebrows by suggesting Russia should be allowed to rejoin the elite group of leading industrialized nations now known as the Group of Seven or G-7. There are plenty of international forums to engage Russia and other countries. The act was deemed so aggressive that other leaders kicked Russia out of the group and...

  • *May PPI +4.1 pct y/y vs poll +3.9 pct, April +3.4. BEIJING, June 9- China's producer inflation picked up for the second month in a row in May, buoyed by stronger commodity prices, suggesting the world's No.2 economy has retained growth momentum despite curbs on pollution and rocky trade relations with the United States. The producer price index rose 4.1 percent in...

  • YANGON, June 8- Myanmar's hardline monks will dodge bans on Facebook and keep using it to "tell the truth", they said on Friday, after the social media giant barred several Buddhist nationalists for hate messages targeting Rohingya Muslims. United Nations officials investigating a possible genocide in Myanmar have said Facebook has been a source of propaganda...

  • BEIJING, June 9- China's annual consumer inflation was steady at 1.8 percent in May, unchanged from April and in line with economists' forecasts, official data showed on Saturday. The producer price index rose 4.1 percent from a year earlier, accelerating from the previous month's rise of 3.4 percent, the National Bureau of Statistics said on its website.

  • KUALA LUMPUR, June 9- Malaysian Prime Minister Mahathir Mohamad called for a review of the Trans-Pacific Partnership trade agreement, saying smaller economies like Malaysia were at a disadvantage under the current terms. In an interview with Japan's Nikkei published on Saturday, Mahathir said the trade pact- which includes Japan and Canada- should take into...

  • CORRECTED- CHINA MAY PPI +4.1 PCT FROM A YEAR AGO.

  • RPT-CHINA MAY CPI -0.2 PCT M/M - STATS BUREAU.

  • RPT-CHINA MAY CPI +1.8 PCT Y/Y - STATS BUREAU.

  • RPT-CHINA MAY FOOD CPI +0.1 PCT Y/Y - STATS BUREAU.

  • RPT-CHINA MAY NON-FOOD CPI +2.2 PCT Y/Y - STATS BUREAU.

  • RPT-CHINA MAY PPI +0.4 PCT M/M - STATS BUREAU.

  • KABUL, June 9- Shoppers in the Afghan capital are going online for everything from fashion to furniture to avoid bomb attacks and sexual harassment, with dozens of start-ups doing a brisk trade where there were few on the ground two years ago. Suicide bombings and other attacks in Kabul have killed and wounded hundreds of people this year and security is expected...

  • *Trump says Russia should be attending G7 meetings. LA MALBAIE, Quebec, June 8- The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada. U.S. trading partners have been furious over President...