CNBC Utilities Page Wires

  • BEIJING, Feb 19- Shanghai aluminum prices moved lower in early trade on Tuesday after Malaysia said it would not extend a moratorium on mining bauxite, potentially reducing costs in the aluminum supply chain for top producer China. *SHFE ALUMINIUM: The most traded April aluminum contract on the Shanghai Futures Exchange slipped 0.4 percent to 13,395 yuan a...

  • SYDNEY, Feb 19- U.S. soybean futures edged higher on Tuesday as optimism grew about a trade deal between Washington and Beijing ahead of a visit to the U.S. capital by China's vice premier. *The most active soybean futures on the Chicago Board Of Trade were up 0.3 percent to $9.10-1/ 2 a bushel by 0129 GMT, having firmed 0.4 percent on Friday. *Chinese Vice Premier Liu He...

  • Spot prices for March delivery to Asia fell to $6.50 per million British thermal units this week, down 20 cents from the previous week to their lowest since Sept. 8, 2017, trade sources said. Demand in China remained tepid as many factories there were still shut for Lunar New Year celebrations, trade sources said. "It snowed in Beijing but it's not that cold still, plus...

  • WASHINGTON, Feb 18- A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday. The talks are aimed at "achieving needed structural changes in China that affect trade between the United States and China.

  • *Beijing- Canberra tensions have risen recently. BEIJING/ MELBOURNE, Feb 19- Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. "We have stopped ordering coal from...

  • *Blackmores says it is reviewing its operations in China. SYDNEY, Feb 19- Australian vitamin maker Blackmores Ltd cautioned that weak sales in China, its biggest export market, will drag on its net profit in second half of the year, driving down its shares the most since the company listed three decades ago. Blackmores said it was reviewing its operations in China,...

  • MEXICO CITY, Feb 18- A group representing some of Mexico's biggest companies told left-wing President Andres Manuel Lopez Obrador on Monday that politicians should resist "extortion" by labor unions after strikes and blockades in recent weeks. Members of the group, including Mexico's second-richest man, German Larrea, who controls mining and transport...

  • LONDON, Feb 18- Mining giant Glencore has bought 200,000 tonnes of aluminum on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Commodity trader Glencore is a major player in the aluminum market outside China, though it doesn't produce any itself.

  • LONDON, Feb 18- Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Commodity trader Glencore is a major player in the aluminium market outside China, though it doesn't produce any itself.

  • SYDNEY, Feb 19- U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries. West Texas Intermediate crude futures were at $55.95 per barrel at 0034 GMT, up 36 cents, or 0.7 percent, from their last settlement. "OPEC and other major producers have done their part to stabilize prices by...

  • This kind of politically motivated act is not acceptable, "Ren told the BBC in an interview https://bbc.in/2DV079V. Canada arrested Meng on Dec. 1 at the request of the United States. Huawei, along with another Chinese network equipment company, ZTE Corp, has been accused by the United States of working at the behest of the Chinese government.

  • SHANGHAI, Feb 19- China's decision to cut company taxes and fees is an important part of fiscal policy and is a hard-hitting measure needed to cope with pressure on the economy, state media reported Vice Premier Han Zheng as saying. He made the comments on Tuesday during a visit to the State Administration of Taxation, the official People's Daily newspaper...

  • *Hopes of progress in U.S.- China talks buoy mood. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade, staying near Wednesday's four-month peak while Japan's Nikkei was almost flat. Reports of progress in trade talks between the United States and China have prompted investors to be mildly optimistic that the two...

  • TOKYO, Feb 19- The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro's latest bounce slowed as the focus drifted back to the economy and European Central Bank policy. The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a...

  • Feb 18- Citgo Petroleum Corp has removed at least three executives close to Asdrubal Chavez, appointed by Venezuelan President Nicolas Maduro to manage state-run PDVSA's U.S. refining firm, two sources with knowledge of the decision said on Monday. Venezuela's opposition-controlled congress last week appointed a new board of directors to run Citgo,...

  • Feb 19- For other diaries, please see:. Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington.

  • LONDON, Feb 19- Barclays will host more than 100 clinics for small business customers in March to help them to prepare for Britain's exit from the European Union at the end of that month, the bank said on Tuesday. While Britain's banks have so far reported few signs of businesses being unable to repay loans or otherwise struggling as Brexit looms, in recent weeks...

  • EDINBURGH, Feb 19- Scotland will step up efforts to persuade EU citizens to stay after Brexit, its First Minister will tell French lawmakers on Tuesday, amid concerns about potential workforce shortages in the largest of the United Kingdom's three smaller nations. Nicola Sturgeon, who supports Scottish independence from the United Kingdom, will tell French...

  • TUESDAY, FEBRUARY 19 NEW YORK, United States- Riksbank Governor Stefan Ingves will talk about the economic situation and current monetary policy during a visit to New York- 1730 GMT. NEWARK, United States- Federal Reserve Bank of Cleveland President Loretta Mester to speak on the economic outlook and monetary policy before the 2019 Economic Forecast hosted by...

  • BRASILIA, Feb 18- Brazil has asked the European Union for compensation after it imposed import tariffs on steel from major producing countries earlier this month, the Brazilian government said in a statement on Monday. Brazil is seeking 180 million euros in compensation, a government source with knowledge of the matter told Reuters. If the EU denies...