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CNBC Utilities Page Wires

  • *Spot gold was up 0.1 percent at $1,242.01 an ounce at 0103 GMT, after marking the lowest since Dec. 12 at $1,236.58 on Friday. *China is expected to report a modest slowdown in second-quarter economic growth, as the government's efforts to tackle debt risks crimp activity and a trade war with the United States threatens exports. *The European Union will open an...

  • SYDNEY, July 16- Major currencies held around recent ranges on Monday thanks to a lull in China- U.S. trade skirmishing and as investors await key data from the world's two biggest economies to determine whether global growth is running out of puff. The dollar index went as high as 95.241 last week but quickly reversed gains after latest trade figures from China...

  • SEOUL, July 16- Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second...

  • LONDON, July 13- Aluminum hasn't escaped the broader industrial metals rout. The "Russian Premium," which resulted from the April 6 imposition of U.S. sanctions on Oleg Deripaska and his Russian aluminum empire Rusal, has been fully unwound. That LME price, however, is for metal in three months time, a quirk of the London market that sets the global price benchmark.

  • LONDON, July 13- Aluminium hasn't escaped the broader industrial metals rout. The "Russian Premium", which resulted from the April 6 imposition of U.S. sanctions on Oleg Deripaska and his Russian aluminium empire Rusal, has been fully unwound. That LME price, however, is for metal in three months time, a quirk of the London market that sets the global price benchmark.

  • SHANGHAI, July 16- Asian shares were lower on Monday, brushing off the firmer Wall Street lead as investor caution dominated ahead of the release of key Chinese economic data, which is expected to show signs of a slowdown. But while broader concerns about the U.S.- China trade war continue to temper risk appetite, the absence of any escalation of rhetoric out of...

  • Federal Reserve Today in Washington. 16- Jul Netherlands DTC Auction 17- Jul Germany Auction of 2- year Treasury notes 17- Jul Spain Auction of 3- and 9- month Treasury bills 18- Jul Germany Auction of 30- year Federal bonds 19- Jul France Index-linked Securities auction 19- Jul Japan 1- year discount bill auction 19- Jul Spain Bond auction 19- Jul United...

  • LONDON, July 16- British Prime Minister Theresa May will face the anger of Brexit supporters in her party on Monday when they try to force her to change course on her strategy for leaving the European Union. May is battling for her political survival after announcing a Brexit negotiating strategy that enraged eurosceptics in her Conservative Party, who see it as...

  • In recent years sovereign wealth funds have ramped up their exposure to real assets, snapping up iconic skyscrapers in London and Manhattan, luxury hotels and multi-year concessions for Australian ports. But Bernardo Bortolotti, director of the sovereign investment lab at Bocconi University and co-author of a report showing a slowdown in SWF real estate...

  • BEIJING, July 16- The European Union will open an annual meeting with China on Monday, and will be looking to fend off overtures for an anti-U.S. alliance as China seeks a European counterbalance to U.S. tariffs. This year's talks come with the United States and China increasingly mired in a trade dispute with no sign of negotiations on the horizon.

  • *Q2 GDP, June activity data due July 16 at 0200 GMT. BEIJING, July 16- China is expected to report a modest slowdown in second-quarter economic growth on Monday, as the government's efforts to tackle debt risks crimp activity and a trade war with the United States threatens exports. Data on Friday showed China's trade surplus with the United States swelled to a...

  • LONDON, July 15- L3 Technologies Inc said on Sunday it hired former senior Lockheed Martin Corp executive Steve O'Bryan as its global chief of business development, the latest in a series of appointments aimed at expanding the company's reach. L3 Chief Executive Chris Kubasik, another former Lockheed executive, has charted an ambitious course to expand the...

  • *Norway union, employers have no contacts over weekend. OSLO, July 15- A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit oil output after employers did not respond to demands for higher wages and pension benefits. Both the Safe union and employers in the Norwegian Shipowners' Association...

  • On eve of Russia summit, Trump calls European Union' a foe'. President Donald Trump rattled allies once more by labeling the European Union a foe with regard to trade. GAZA- A ceasefire largely held on Sunday along a tense Gaza- Israel border on Sunday following a day of fierce fighting, but Israel remained on high alert and boosted its air defenses in case hostilities...

  • LONDON, July 15- British Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won't disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union. May's words, to be delivered at the Farnborough Airshow south west of London, come at a crunch time for the prime...

  • NAIROBI, July 15- Kenya Power's Chief Executive Officer gave himself up to police on Sunday and was in their custody, police said, a day after the east African country said it wanted to charge him over alleged economic crimes. Over the weekend, the Directorate of Criminal Investigations has arrested 11 other Kenya Power managers and former managers including Ben...

  • LONDON, July 15- Boeing Co is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday. Washington recently imposed 25- percent tariffs on $34 billion of Chinese imports, and Beijing responded...

  • CAMARILLO, Calif.— The average price of regular-grade gasoline in the U.S. fell a penny a gallon over the past three weeks to $2.94. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the average price is 63 cents higher than it was one year ago. The highest average price in the contiguous 48 states was $3.74 in the San Francisco Bay Area.

  • "Hotel Transylvania 3: Summer Vacation" topped the domestic box office charts with $44 million from 4,267 locations, while Dwayne Johnson's "Skyscraper" washed up with a paltry $25.5 from 3,782 theaters. The third installment of the franchise-- featuring the voices of Adam Sandler, Selena Gomez, Andy Samberg, and Kathryn Hahn-- carried an $80 million production...

  • CHICAGO— CVS Health is apologizing after a black customer says white store managers in Chicago accused her of trying to use a phony coupon. Morry Matson's left hand shakes as he calls police around 11:30 p.m. Friday. Matson is running for Chicago City Council and was a state delegate for Donald Trump's 2016 presidential campaign.