CNBC Utilities Page Wires

  • *Markets eye trade war talks and Jackson Hole this week. BENGALURU, Aug 21- Gold prices hit a one-week high on Wednesday and inched closer to the key $1,200 level as the dollar remained weak on U.S. Spot gold was largely unchanged at $1,195.68 an ounce at 0227 GMT, after touching $1,197.66, its highest level since Aug. 14.

  • SHANGHAI, Aug 22- Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black. Shares in much of the region were also aided by hopes that the trade talks between the U.S. and China expected this week will ease trade...

  • BEIJING— China, the world's largest producer of pork, is battling an African swine fever outbreak that could potentially devastate herds. The disease comes as China seeks to shift pig rearing from farmyards to vast breeding operations where waste and the spread of disease can be better controlled. China produces hundreds of millions of pigs annually and pork...

  • The most active wheat futures on the Chicago Board Of Trade were up 0.1 percent at $5.48-1/ 2 a bushel by 0235 GMT, having closed down 2.6 percent on Tuesday when prices hit a low of $5.47 a bushel- the lowest since Aug. 13. "The market had been spooked by the prospect of less exports from the Black Sea, that appears not to be the case," said a Melbourne- based grains trader, who...

  • TOKYO, Aug 22- Japan's Nikkei rose on Wednesday morning supported by tech shares, which tracked gains in their U.S. peers, while telcos were volatile on worries that their mobile fees will be cut. President Donald Trump's former personal lawyer, Michael Cohen, pleaded guilty to campaign finance violations and other charges. Nobuhiko Kuramochi, a strategist at...

  • SAN FRANCISCO, Aug 21- Facebook Inc, Twitter Inc and Alphabet Inc collectively removed hundreds of accounts tied to Iranian actors that a cybersecurity firm said on Tuesday were promoting Iran's geopolitical agenda around the world. The campaign was aimed at users in the United States, Britain, Latin America and Middle East up through this month, according to an...

  • *Planned U.S.- China trade talks awaited for cues. TOKYO, Aug 22- The dollar remained on the defensive on Wednesday, as U.S. President Donald Trump's comments on monetary policy continued to weigh on the greenback and as the markets awaited U.S.- China trade talks and Federal Reserve minutes for directional cues.

  • EX-BOJ BOARD MEMBER ISHIDA: BOJ COULD WHITTLE DOWN STIMULUS BEFORE INFLATION HITS 2 PERCENT TARGET.

  • ISHIDA: BOJ'S EFFORTS TO MAKE ITS STIMULUS MORE SUSTAINABLE WERE LONG OVERDUE.

  • ISHIDA: BOJ'S PROLONGED EASY POLICY HAS PUSHED FORWARD TIMING OF BANKING SECTOR CONSOLIDATION.

  • *Steps to make policy flexible long overdue- Ishida. *Inflation target a mechanism, not goal, of monetary policy. TOKYO, Aug 22- Japan's healthy economic growth should allow its central bank to whittle down its massive stimulus programme, even before inflation hits its 2 percent target, Koji Ishida, a former Bank of Japan board member, said.

  • Market weighs potential oil supply cut from Iran sanctions. *U.S., China trade dispute raises demand growth concerns. "Investors are also confident that inventories in the United States will decrease this week," ANZ Bank said in a note.

  • LAUNCESTON, Australia, Aug 22- Imagine a country that is one the world's largest exporters of energy, but can't agree on a domestic policy to end electricity blackouts. The problem for Australia is that this isn't something being imagined, it's the reality of a country that can't find political and social consensus on climate politics and the role of its vast...

  • *New CEO gets max annual A $8.7 mln package& A $17.7 mln incentive. SYDNEY, Aug 22- Australia's AMP Ltd has hired Credit Suisse's head of private banking in Asia Pacific as chief executive to repair its reputation following four bruising months since a powerful financial sector inquiry revealed board-level misconduct at the firm. Francesco De Ferrari will start...

  • MANILA, Aug 22- London copper steadied on Wednesday ahead of trade talks between the United States and China, although U.S. Trump told Reuters in an interview on Monday that he had "no time frame" for ending the trade dispute with China, which threatens to impose tariffs on virtually all goods traded between the world's two largest economies. "The previously...

  • MANILA, Aug 22- London copper edged lower on Wednesday ahead of trade talks between the United States and China, with U.S. *TRADE TALKS: The meetings, expected to take place on Wednesday and Thursday in Washington, are the first formal U.S.- China trade talks since June, when U.S. *SERBIA MINE: Three companies from Canada, China and Russia have bid for a strategic...

  • SANTIAGO, Aug 21- Chilean President Sebastian Pinera said on Tuesday that his overhaul of the country's tax structure would "modernize" Chile's revenue system and stimulate investment by local and foreign companies. E-commerce is gaining traction in Latin America after a slow start. Pinera, a billionaire second-term president, whose first term as president...

  • *Market weights potential oil supply cut from Iran sanctions. "Investors are also confident that inventories in the United States will decrease this week," ANZ Bank said in a note. Concerns also remain over how much oil will be removed from global markets by renewed sanctions on Iran, despite worries that demand growth could weaken amid a trade disputes between...

  • CANBERRA, Aug 22- U.S. wheat futures edged higher on Wednesday, rebounding from an eight-day low, though gains were checked as fears Russia could limit exports eased, alleviating concerns about global supplies. *The most active wheat futures on the Chicago Board Of Trade were up 0.2 percent at $5.48-3/ 4 a bushel by 0052 GMT, having closed down 2.6 percent on Tuesday...

  • LONDON, Aug 22- Rising fuel costs have dampened gasoline demand from private motorists in the United States, leaving the market relying on continued economic and freight expansion to boost oil use. U.S. traffic volumes were up by just 0.3 percent on a seasonally adjusted basis in the three months from April to June compared with the same period a year earlier,...