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CNBC Utilities Page Wires

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *Trump threatened to impose 20 percent tariff. PARIS, June 23- The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki...

  • NEW YORK— While a Supreme Court ruling on sales taxes will create more obligations and expenses for many small online retailers, owners are already thinking about how they'll comply. The decision allows states to require out-of-state businesses to collect sales tax from customers in other states— for example, a retailer in Utah who sells goods to a customer in...

  • SANTIAGO, June 23- Chile`s Codelco, the world's top copper miner, said late on Friday evening that workers' unions at its small Salvador copper division had rejected an early wage deal from the company, pushing off further negotiations until later this year when its contract expires. Codelco has long been battling to keep a lid on costs at Salvador, which produced...

  • VIENNA— OPEC nations and oil-producing countries not in the cartel say they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil— a move that should help contain the recent rise in global energy prices. Russia and other oil-producing allies said after their meeting Saturday in Vienna with OPEC countries they...

  • WASHINGTON— President Donald Trump is distorting the truth when it comes to the impact of his administration's policy regarding separating children from their parents at the U.S. border. He falsely suggests that a newly signed executive order will permanently solve the problem of separations by keeping families together when they are detained for...

  • PARIS, June 23- European Union authorities will respond to any U.S. move to raise tariffs on cars made in the bloc, EU Commission Vice President Jyrki Katainen told French newspaper Le Monde. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of EU-assembled cars. "If they decide to raise...

  • EU'S KATAINEN SAYS TRADE MATTERS SHOULD NOT BE DEBATED IN PUBLIC VIA TWITTER, SEEKS TO AVOID INCREASING TENSIONS- LE MONDE.

  • EU'S KATAINEN SAYS EUROPEAN AUTHORITIES WILL HAVE NO CHOICE BUT TO REACT TO ANY POTENTIAL U.S.

  • *No figures expected on Saturday- OPEC sources. VIENNA, June 23- OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Non- OPEC oil producers are now holding talks with OPEC in an effort to secure...

  • LONDON— Tens of thousands of anti-Brexit protesters marched Saturday in London to demand a new referendum on leaving the European Union, as a divided Britain marked the second anniversary of its vote to quit the bloc. Britain voted 52 percent to 48 percent on June 23, 2016 to quit the EU, and its official exit is slated for March 29, 2019. Opponents of Brexit, many...

  • *Trump says hopes OPEC will increase "substantially". VIENNA, June 23- OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Russia and other non- OPEC oil producers will now meet OPEC in a bid to secure their...

  • ATHENS, June 22- After long insisting he would only wear a neck tie when Greece's debt problem was settled, Prime Minister Alexis Tsipras duly did so on Friday, after euro zone peers offered debt relief that marks a turn away from the country's long crisis. The 43- year-old sported a burgundy number-- briefly-- when addressing an evening meeting of political allies in...

  • *CFO says it decided better to list first in Hong Kong. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. "We've had many rounds of discussions with the regulators and reached a consensus that to ensure the quality of our CDR issuance, it's better that we go public in Hong Kong first," Xiaomi's chief financial...

  • In the two years since the vote to leave the European Union, Britain has gone from being a pace-setter among the world's big economies to falling into the slow lane. There are those who favor a "hard Brexit," a clean break that takes Britain out of the bloc's free trade union but also gives it more freedom to strike new trade deals around the world.

  • BEIJING, June 23- China's gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. China's refinery runs eased from a record high in April as state-run refiners began regular maintenance and some independents cut output ahead of a regional summit.

  • *CFO says it decided better to list first in Hong Kong. Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. "We've had many rounds of discussions with the regulators and reached a consensus that to ensure the quality of our CDR issuance, it's better that we go public in Hong Kong first," Xiaomi's chief financial...

  • The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments. But China dropped an anti-dumping investigation into U.S. imports on May 18, and the data suggests that several cargoes that had not been diverted cleared Chinese...

  • SEOUL, South Korea— Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple and Samsung with a business model that combines Google and Amazon. The initial public offering in Hong Kong would value the Beijing- based company at as much as $70.3 billion, according to details...

  • *China's scrap metal imports in May fell 27.7 percent on the year to 520,000 tonnes, customs data showed on Saturday. *China's May scrap copper imports fell 33.3 percent to 210,000 tonnes and scrap aluminium imports fell 40.5 percent to 110,000 tonnes. *China imported no waste plastic in May while waste paper imports fell 64.8 percent to 860,000 tonnes, the data...