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CNBC Utilities Page Wires

  • MEXICO CITY, July 19- A decision to delay Mexican oil auctions until after the next president takes office does not augur well for opening the country's energy sector to private investment, the head of a major business association said on Thursday. Incoming President Andres Manuel Lopez Obrador, a leftist, has been a long-standing critic of opening up the oil and...

  • TOKYO, July 20- Japan's annual core consumer inflation quickened slightly in June but the rise was due largely to recent gains in oil costs with prices of other goods barely picking up, a setback for the Bank of Japan's mission to get inflation to 2 percent. The data reinforces market expectations that the BOJ will cut its inflation forecasts when it meets for a...

  • SHANGHAI, July 20- China's central bank lowered its yuan midpoint for the seventh straight trading day to 6.7671 per dollar on Friday, the weakest in a year, reflecting sharp losses in the currency a day earlier. The People's Bank of China fixed the yuan midpoint 605 pips or 0.9 percent weaker than the previous fix of 6.7066. Friday's fixing was the lowest since July...

  • SINGAPORE, July 20- Chicago corn futures rose for a fifth consecutive session on Friday with the market poised for its biggest weekly gain since late April on the back of strong demand and dryness in parts of U.S. Soybeans are on track for their biggest weekly rise in nearly two months, while wheat rose for a second session as dry weather curbs output in Europe and...

  • TOKYO, July 20- The dollar was on the defensive against the yen and euro early Friday after U.S. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan "was dropping like a rock." The White House later said in a statement that the president respects the U.S. central bank's independence...

  • TOKYO, July 20- Oil prices gained on Friday after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter. Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT, after falling 32 cents on Thursday. The world's biggest oil exporter expects its crude shipments to drop by roughly...

  • TOKYO, July 20- Oil prices gained on Friday after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter. Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT, after falling 32 cents on Thursday. The world's biggest oil exporter expects its crude shipments to drop by roughly...

  • TOKYO, July 20- Asian stocks eked out modest gains on Friday as investor caution prevailed amid concerns about the European Union imposing retaliatory tariffs on U.S. goods while U.S. Officials from the EU Trade Commission, due to arrive in Washington next week for trade talks, are said to be preparing a list of tit-for-tat actions in response to proposed U.S....

  • Sesame Workshop, the company behind Big Bird and Elmo, and McGraw-Hill Education, a billion-dollar for-profit company known for school textbooks, announced their partnership Thursday. "Sesame Workshop probably can be trusted to do this in an ethical way, but the door opens for other companies to do it in a less ethical way," said Heather Kirkorian, a University of...

  • Federal Reserve Today in Washington. 20- Jul Japan 3- month discount bill auction 23- Jul Belgium OLO Auction 24- Jul Japan Auction of 40- year government bonds 24- Jul United States Sale of 2- year notes 25- Jul Germany Auction of 5- year Federal notes 25- Jul United States Sale of 2- year floating rate notes 25- Jul United States Sale of 5- year notes 26- Jul...

  • BUENOS AIRES- ECB Executive Board Member Benoit Coeure participates in G20 finance ministers and central bank governors deputies meeting in Buenos Aires, Argentina. BUENOS AIRES- ECB President Mario Draghi and ECB Executive Board Member Benoit Coeure participates in the G20 finance ministers and central bank governors meetings in Buenos Aires, Argentina.

  • FRIDAY, JULY 20 GLASGOW, Kentucky- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Glasgow Chamber of Commerce- 1220 GMT. FRANKFURT- The European Central Bank releases monthly data on lending and money supply 0800 GMT. FRANKFURT- ECB President Mario Draghi holds a press conference,...

  • President Donald Trump on Thursday criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. dollar. Trump said he was concerned about the potential impact on the U.S. economy and American corporate competitiveness...

  • July 19- Homes and businesses in Texas used record amounts of power on Thursday afternoon, breaking the previous record set Wednesday, and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid. To keep air conditioners running, Texas utilities are...

  • *WE EXPECT Q1 PRODUCTIVITY AND BUSINESS PROCESSES REVENUE BETWEEN $9.25 BILLION AND $9.45 BILLION- CFO. *WE EXPECT Q1 INTELLIGENT CLOUD REVENUE BETWEEN $8.15 BILLION AND $8.35 BILLION- CFO. *WE EXPECT Q1 MORE PERSONAL COMPUTING REVENUE BETWEEN $9.95 BILLION AND $10.25 BILLION- CFO Further company coverage:.

  • July 20- The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas to PetroChina Co Ltd, Australia's Oil Search Ltd, a partner in the project, said on Friday. The three-year deal is for the supply of about 0.45 million tonnes of LNG a year to PetroChina International Corp Ltd, Oil Search said in a statement.

  • TOKYO, July 20- Japan's core consumer prices rose 0.8 percent in June from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.8 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.2...

  • WASHINGTON, July 19- U.S. lawmakers have reached an agreement that puts a measure to strengthen oversight of foreign investment from countries such as China into a must-pass defense policy bill, Representative Robert Pittenger's office said on Thursday. The Senate and U.S. House of Representatives had passed similar bills to strengthen the inter-agency...

  • *PBOC planning incentives to boost bank liquidity. SHANGHAI, July 19- Chinese policymakers are pumping more liquidity into the financial system and channeling credit to small and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated Sino-U.S. trade war. On Wednesday, a source with direct...

  • TOKYO, July 20- Nearly two-thirds of Japanese companies say inflation between zero and 1 percent, less than half the Bank of Japan's 2 percent goal, is "appropriate," a Reuters poll shows. A slight majority called for the central bank to lower its price target or ditch it altogether. Below are the questions and answers to a poll conducted by Nikkei Research between...