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CNBC Utilities Page Wires

  • WINNIPEG, Manitoba/ VANCOUVER, April 23- At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Alberta- based Gear Energy Ltd pumps about 7,500 barrels of oil...

  • NEW YORK, April 23- Investors' fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers. "We're focusing on the companies that regardless of the type of inflation- whether it's commodities or trade or something else- can pass on those costs...

  • SAYANOGORSK, Russia, April 23- Workers at one of Russia's biggest aluminium smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminium giant Rusal, a predicament mirrored across the company's sprawling operations. The Kremlin has said it is considering various ways to help Rusal after Washington blacklisted the...

  • WINNIPEG, Manitoba/ VANCOUVER, April 23- At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Alberta- based Gear Energy Ltd pumps about 7,500 barrels of oil...

  • NEW YORK, April 23- Many U.S. stocks cheapened up during the first quarter's choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market's best bargains, as long as the U.S.- China trade dispute doesn't derail their outlook. "The volatility we saw in the...

  • Shares were mostly lower in Asia on Monday following Friday's steep slide in technology shares on Wall Street. Markets had only a muted reaction, if any, to North Korea's announcement that it would stop nuclear and missile testing. Shares were higher in Singapore but fell in Indonesia and Thailand.

  • SHANGHAI, April 23- China's yuan inched up against the U.S. dollar on Monday, as a much weakened official yuan midpoint prompted corporate dollar selling to prevent the yuan breaching a key threshold, traders said. Investors are also hoping for signs of an easing in U.S- China trade frictions. Treasury Secretary Steven Mnuchin said on Saturday he is considering a...

  • SHANGHAI, April 23- China and Hong Kong stocks dipped lower on Monday, as tech firms faced pressure amid the ZTE ban, while investors found some solace on the geopolitical front. ZTE stock is halted on the mainland and Hong Kong. **The ZTE ban came at a time when China and the United States have threatened each other with tens of billions of dollars in tariffs in recent...

  • *Spot gold may test support at $1,326/ oz- technicals. *Speculators raise net long in gold in week to April 17. at 0346 GMT, after earlier touching its lowest since April 10 at $1,331.70.

  • *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...

  • TOKYO, April 23- Bank of Japan Governor Haruhiko Kuroda said that the central bank must continue with accommodative monetary easing for some time to meet its 2 percent inflation target. "In order to reach 2 percent inflation target, I think the Bank of Japan must continue very strong accommodative monetary policy for some time," Kuroda said in an interview at the...

  • *But strong demand, OPEC cuts still support prices overall. *Brent in Russia's ruble, Iran's rial hits record high. *Trump accuses OPEC of "artificially" boosting oil prices.

  • WASHINGTON— America's business economists are sketching a bright picture for the coming months, with a survey finding that more of their companies foresee rising sales and expect to continue hiring and raising pay. At the same time, nearly two-thirds of respondents in the latest survey by the National Association for Business Economics say President Donald...

  • TOKYO, April 23- Voter support for Japanese Prime Minister Shinzo Abe, battered by accusations of cronyism and other government missteps, slipped in three newspaper surveys published on Monday, as opposition parties demanded that his finance minister resign. The sinking public support is dampening Abe's hopes of winning a third term as leader of his ruling...

  • BEIJING, April 23- China's imports from North Korea fell 87 percent in the first quarter from a year earlier to 448.8 million yuan, customs data showed on Monday, while exports to North Korea were down 46.1 percent to 2.68 billion yuan. For March, China's exports to North Korea were 907.54 million yuan while imports from North Korea were 78.5 million yuan.

  • April 22- Canadian waste management company GFL Environmental Inc said on Sunday a group of investors led by UK- based BC Partners, Ontario Teachers Pension Plan and others will provide new funding, giving GFL an enterprise value of $5.13 billion. "BC Partners and Ontario Teachers' tick all the boxes for us at GFL," Dovigi said in a statement. Scotiabank acted as...

  • TOKYO, April 23- Voter support for Japanese Prime Minister Shinzo Abe, battered by accusations of cronyism and other government missteps, slipped in three newspaper surveys published on Monday, as opposition parties demanded that his finance minister resign. The sinking public support is dampening Abe's hopes of winning a third term as leader of his ruling...

  • *Chicago wheat futures rise after Friday's deep losses. SINGAPORE, April 23- Chicago wheat rose on Monday, with prices underpinned by patchy rains bringing only limited relief to the drought-hit U.S. winter crop. The most-active wheat contract on the Chicago Board of Trade had gained 0.8 percent to $4.81-1/ 4 a bushel by 0302 GMT, after earlier hitting its lowest...

  • SHANGHAI— It was looking like a banner year for business in China. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press. As the Trump administration pushes...

  • SHANGHAI— Missed paying dues on your Communist Party membership? A state-owned Chinese bank has opened an automated branch equipped with facial-scanning software, a virtual reality room, a hologram machine, talking robots and touchscreens for paying utility bills and Communist Party fees, among other functions. Beijing- based China Construction Bank says...