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CNBC Utilities Page Wires

  • SYDNEY, April 23- Australia's competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread misconduct was exposed by an ongoing inquiry into the financial sector. We need penalties in the hundreds of millions, "he told state broadcaster the ABC. "Politically, all of the...

  • TOKYO, April 23- Japan's Nikkei share average edged lower on Monday morning after index-heavy stocks such as SoftBank and Terumo lost ground, offsetting gains in financial stocks, which rallied after U.S. yields rose. The Nikkei fell 0.2 percent to 22,114.03 in midmorning trade. Medical equipment maker Terumo Corp stumbled 3.4 percent and SoftBank shed 1.0...

  • BEIJING, April 23- London aluminium prices rose by as much as 1.6 percent on Monday as a rally driven by supply concerns after the United States slapped sanctions on Russian producer United Company Rusal regained momentum. *CHILE: Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018, up 4.3...

  • BEIJING, April 23- London aluminum prices rose by as much as 1.6 percent on Monday as a rally driven by supply concerns after the United States slapped sanctions on Russian producer United Company Rusal regained momentum. *CHILE: Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018, up 4.3...

  • TORONTO, April 22- Foreign ministers from the Group of Seven industrialized nations were united in opposing Russia's destabilizing behavior while agreeing to leave the door open for dialogue with Moscow, a senior U.S. official said on Sunday. The ministers, meeting in Toronto for two days, discussed tensions with Moscow, Iran and North Korea, while also...

  • TOKYO, April 23- Japan's new home-sharing law was meant to ease a shortage of hotel rooms, bring order to an unregulated market and offer more lodging options for foreign visitors ahead of next year's Rugby World Cup and the 2020 Tokyo Olympics. The "minpaku," or private temporary lodging law, the first national legal framework for short-term home rental in Asia,...

  • SYDNEY, April 23- U.S. wheat futures rose 1 percent on Monday, rebounding from a 10- day low touched earlier in the session, as fears over the condition of the U.S. crop resurfaced as recent rains delivered only partial relief. *The most active wheat futures on the Chicago Board of Trade were up 1 percent at $4.82 a bushel by 0118 GMT, after earlier hitting their lowest...

  • *U.S. 10- year bond yield hits the highest since Jan. 2014. SINGAPORE, April 23- The dollar traded near a two-week high against a basket of major currencies on Monday, bolstered by rising U.S. bond yields, while easing concerns over global political risks weighed on the safe haven yen. Rising U.S. bond yields helped underpin the greenback, with the U.S. 10- year Treasury...

  • *But strong demand, OPEC cuts still support prices overall. *Trump accuses OPEC of "artificially" boosting oil prices. Brent crude oil futures were at $73.89 per barrel at 0056 GMT, down 17 cents, or 0.2 percent, from their last close.

  • *Spot gold was down 0.1 percent at $1,333.20 per ounce at 0051 GMT, after earlier touching its lowest since April 10 at $1,331.70. *Federal Reserve Governor Lael Brainard on Friday said the U.S. economy appears capable of handling further interest-rate increases in the near future. President Donald Trump said on Sunday the North Korean nuclear crisis was a long...

  • *But strong demand, OPEC cuts still support prices overall. Brent crude oil futures were at $73.87 per barrel at 0031 GMT, down 19 cents, or 0.3 percent, from their last close. Providing further support have been supply cuts led by the Organization of the Petroleum Exporting Countries introduced in 2017 with the aim of propping up prices, as well as by the potential of...

  • TORONTO, April 22- A meeting of foreign ministers from the Group of Seven leading industrialized nations was united in opposing Russia's behavior, which they said threatened peace and security, a senior U.S. State Department official said on Monday. "There was a G7 unity on opposing Russia's malign behavior," the official, speaking on condition of anonymity, told...

  • SYDNEY, April 23- Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world's largest corporations, while keeping a wary eye on U.S. bond yields as they approached peaks that had triggered ructions in the past. Markets were also anxiously awaiting surveys on global manufacturing for April to see if economic...

  • G7 MEETING DISCUSSED RANGE OF IRAN'S MALIGN ACTIVITIES AND HOW UNACCEPTABLE IRAN'S BALLISTIC MISSILE PROGRAM IS- U.S.

  • G7 FOREIGN MINISTERS DISCUSSED IRAN NUCLEAR DEAL, EFFORTS TO SEEK A SUPPLEMENTAL AGREEMENT- U.S.

  • G7 FOREIGN MINISTERS HAD A' GOOD DISCUSSION' ON NORTH KOREA- U.S.

  • TORONTO- THERE WAS UNITY AMONG G7 FOREIGN MINISTERS ON OPPOSING RUSSIA'S MALIGN BEHAVIOR- U.S.

  • THERE IS OPENNESS TO DIALOGUE WITH RUSSIA WHILE HOLDING MOSCOW ACCOUNTABLE FOR MALIGN ACTIVITIES AND EFFORTS TO DESTABILIZE NATIONS- U.S.

  • Federal Reserve Today in Washington. 23- Apr Belgium OLO Auction 24- Apr United States Sale of 2- year notes 24- Apr Japan Auction of 2- year government bonds 24- Apr Italy Zero-coupon/BTPi auction 24- Apr Germany Auction of 2- year Treasury notes 24- Apr United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2048 25- Apr United States Sale of 2- year...

  • TUESDAY, APRIL 24 LONDON- Bank of England Executive Director for Banking, Payments and Financial Resilience Andrew Hauser will participate in a panel discussion at the SWIFT Business Forum 0820 GMT. LONDON- Valdis Dombrovskis, European Commission Vice President speaks in London on financial stability and the financial services industry ahead of Brexit.