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CNBC Utilities Page Wires

  • LONDON, May 25- AstraZeneca's immunotherapy drug Imfinzi has hit a second important goal by improving overall survival in lung cancer patients, boosting prospects for a medicine that has already got off to a promising commercial launch. Its success in extending lives, announced by the company on Friday, follows data announced last year showing patients on...

  • TOKYO, May 25- Japan's Nikkei edged up on Friday, supported by such large cap stocks as Tokyo Electron and Fast Retailing, but gains were limited as sentiment was soured after U.S. President Donald Trump cancelled a summit with North Korea's leader. Defence-related stocks attracted buying, however, on speculation that geopolitical tensions would rise.

  • *Shanghai stocks lower, blue-chip CSI300 index down. *Gains in Shanghai stocks led by Nanjing Inform Storage. SHANGHAI, May 25- China's major stock indexes fell on Friday to post their worst week in more than one month, as sentiment soured after U.S.

  • *Shanghai stocks lower, blue-chip CSI300 index down. *Gains in Shanghai stocks led by Nanjing Inform Storage. SHANGHAI, May 25- China's major stock indexes fell on Friday to post their worst week in more than one month, as sentiment soured after U.S.

  • DUBAI/ MOSCOW/ LONDON, May 25- Saudi Arabia and Russia will discuss raising OPEC and non- OPEC oil output by around 1 million barrels per day, easing 17 months of strict supply curbs, sources familiar with the matter said. The initial talks are being led by the energy ministers of Saudi Arabia and Russia at St. Petersburg this week along with their counterpart from the...

  • *Russia has been withholding supply with OPEC since 2017. *OPEC, non- OPEC producers to meet in June to discuss production. SINGAPORE, May 25- Oil prices fell on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017..

  • ROME, May 24- A new government is expected to take office in Italy next week after one of the longest periods of post-election flux in its history, but the fraught gestation might prove child's play by comparison with what comes next. President Sergio Mattarella gave political novice Giuseppe Conte a mandate on Wednesday to head a coalition comprising the...

  • HONG KONG, May 25- Shares in Samsonite International plunged for a second straight day on Friday, bringing its losses to a fifth of market value, after a short seller accused it of questionable accounting practices and poor corporate governance. Samsonite, one of most high-profile Hong Kong- listed stocks to be targeted by a short-seller, has called the...

  • SALT LAKE CITY— A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press. Data from the Model S electric vehicle show it picked up speed for 3.5 seconds shortly before crashing into a stopped firetruck in suburban Salt Lake...

  • TOKYO, May 25- Japan's industrial production was expected to rise for a third straight month in April thanks to brisk export demand, a Reuters poll found on Friday, a positive sign after the economy contracted in the first quarter. "We expect industrial production grew in April led by transport equipment and general-purpose, production and business-oriented...

  • TOKYO, May 25- Japanese government bond prices were steady to slightly firmer on Friday after U.S. President Donald Trump called off a key summit with North Korea, though trading was limited with few investors eager to buy at current levels. Trump warned that the U.S. military was ready in the event of any reckless acts by North Korea, but Pyongyang's measured...

  • ANKARA, May 24- It took days of preparation by Turkey's top economic ministers and intervention by the prime minister to convince President Tayyip Erdogan of the need for a sharp increase in interest rates, three people familiar with the matter said. As a selloff in the lira spiraled toward a full-blown crisis on Wednesday, the central bank announced an...

  • TOKYO, May 25- Global shares were on the mend on Friday as Pyongyang's measured response to U.S. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons program, noting that the country was open to resolving issues with the United States. European shares are expected to...

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.2 percent to 22,482.61 but South Korea's Kospi lost 0.3 percent to 2,459.72. Hong Kong's Hang Seng shed 0.4 percent to 30,630.44 and the Shanghai Composite in mainland China slipped 0.3 percent to 3,143.95. "at any time, at any format" while South Korea's President Moon Jae- in said he was "very perplexed" that...

  • SINGAPORE, May 25- In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive, iron ore is still a long way behind other commodity markets, such as...

  • MILAN, May 25- Investors pulled out a record of $380 million from Italian equity funds last week on worries over the creation of a eurosceptic government in Italy, EPFR Global said. That eclipsed the previous outflow record set in mid-2014 when the euro zone's third largest economy was slipping into its third recession since the start of the financial crisis,...

  • *Q1 corporate debt up 3 pct to $2.1 trln-Reuters analysis. SHANGHAI/ BENGALURU, May 25- Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy. The overall debt levels of...

  • EXCLUSIVE- CHINA'S Q1 CORPORATE NET PROFIT MARGIN WEAKENS TO 6.73 PCT FROM 7.20 PCT YEAR AGO-REUTERS ANALYSIS.

  • EXCLUSIVE- CHINA'S Q1 CORPORATE REVENUE GROWTH EASES TO 12.27 PCT FROM 26.74 PCT YEAR AGO-REUTERS ANALYSIS.

  • EXCLUSIVE- CHINA'S Q1 CORPORATE DEBT RISES 3 PCT Y/Y, SLOWEST PACE IN AT LEAST 13 YEARS-REUTERS ANALYSIS.