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CNBC Utilities Page Wires

  • RIYADH, July 20- Saudi Aramco's potential acquisition of a stake in petrochemicals maker SABIC would affect the time frame of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview transcript. The offering is the centerpiece of an ambitious plan championed by Crown Prince Mohammed bin Salman to diversify Saudi...

  • July 20- Coinbase has formed a political action committee to raise money to spend on U.S. elections, the cryptocurrency exchange said http://docquery.fec.gov/cgi-bin/forms/C00680355/1243300# SUMMARY in a filing made public on Friday. Coinbase's newly established PAC had not yet raised money as of June 30. In May, Coinbase said it would revamp its trading...

  • SAN FRANCISCO/ WASHINGTON, July 20- Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs. Toyota Motor North America, a subsidiary of Japan's Toyota, which could suffer if Trump follows through on a plan to impose tariffs...

  • The verdict against Joel Gilbert, a partner with Balch& Bingham law firm, and Drummond Co. Vice President David Roberson was announced after a four-week trial. Oliver Robinson to oppose the Environmental Protection Agency's expansion of a Superfund site and prioritizing the site's expensive cleanup. Attorney Jay Town said after the verdict that the case was...

  • Federal Reserve Today in Washington. 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 Italy Zero coupon/BTPi auction 26- Jul Japan...

  • **BUENOS AIRES- IMF chief Christine Lagarde and Argentina's economy minister, Nicolas Dujovne, hold joint news conference in Buenos Aires. **BUENOS AIRES- Mexican Finance Minister Jose Antonio Gonzalez Anaya travels to Argentina for the 2018 G20 Buenos Aires summit during which finance ministers and central bank governors will set an agenda on global growth,...

  • MONDAY, JULY 23 LONDON BoE Deputy Governor Monetary Policy Ben Broadbent: Speech to the Society of Professional Economists, London 1700 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, after the interest rate meeting- 1230 GMT.

  • SAO PAULO, July 20- The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business." Treasury in April imposed sanctions against billionaire Oleg Deripaska and the eight companies in which he is a large shareholder,...

  • WASHINGTON, July 20- U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea. Lawmakers from both parties have been at odds with President Donald Trump over his decision last week to lift his earlier ban on U.S....

  • LOS ANGELES— Shonda Rhimes's first slate of shows for Netflix includes a look at the migration of African-Americans from the Jim Crow South, romance among wealthy 19th century Londoners and a documentary on Debbie Allen's reimagining of "The Nutcracker." The show about African-American life will be based on Isabel Wilkerson's award-winning book "The Warmth...

  • RIO DE JANEIRO, July 20- Brazil's state-led oil company Petrobras entered the binding phase for the partial sale of four concessions in the deep off-shore waters of the Sergipe-Alagoas Basin, the company said in a securities filing on Friday. The concession sales, which do not involve transfer of control over the operations, include the following blocks:...

  • WASHINGTON, July 20- The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate has revived a bill, called DETER, that would allow for swift sanctions if Moscow was found meddling in future U.S. elections. Top U.S. energy company Exxon Mobil is among the...

  • The new drug, GlaxoSmithKline's Krintafel, only targets the kind of malaria that mainly occurs in South America and Southeast Asia. Most malaria cases and deaths are in Africa, and they involve another species. The Food and Drug Administration approved the drug for patients 16 and older, according to GlaxoSmithKline.

  • SAO PAULO, July 20- The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, U.S. Asked whether he was concerned that China may be using its currency as a weapon in an escalating trade fight with the United States, Mnuchin said: "I'm not saying whether it's a weapon or not a weapon.

  • July 20- Woodside Petroleum Ltd, Australia's biggest independent oil and natural gas company, has decided to pull out of Sempra Energy's Port Arthur liquefied natural gas export project in Texas, Sempra said on Friday. Gulf Coast LNG infrastructure investments like Port Arthur LNG, " California- based Sempra said in a statement. Sempra and Woodside had agreed to...

  • July 20- A federal appeals court in San Francisco on Friday rejected the Trump administration's renewed bid to dismiss a lawsuit by young activists who say the U.S. government is ignoring the perils of climate change. By a 3-0 vote, the 9th U.S. Circuit Court of Appeals said the government fell short of the "high bar" needed to dismiss the Oregon case, originally...

  • WASHINGTON— President Donald Trump is promoting a lopsided view of agricultural trade as he assails "bad Trade Deals with other countries." Canada charges 275% on Dairy. Trump has several times cited 15 years of trouble for U.S. farmers even as his Agriculture Department highlights the fact that U.S. exports of food products have grown "steadily over the last two...

  • July 20- The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. Baltimore is vulnerable to any rise in sea level because it has 60 miles of coastline and one of the country's...

  • WASHINGTON— Congress is abandoning an effort to clamp down on the Chinese telecom giant ZTE in a defense bill, essentially green-lighting the Trump administration's deal to save a company that was accused of selling sensitive information to hostile regimes, aides said Friday. ZTE was almost forced out of business after being accused of selling sensitive...

  • By a 3-0 vote, the 9th U.S. Circuit Court of Appeals in San Francisco said the government fell short of the "high bar" needed to dismiss the Oregon case, originally brought in 2015 against the administration of President Barack Obama. A trial is scheduled for Oct. 29 in the federal court in Eugene, Oregon. Representatives of the U.S. Department of Justice did not...