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CNBC Utilities Page Wires

  • NEW YORK, June 21- U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual stress test late Thursday. "General headlines will be constructive with the vast majority of banks increasing their dividends and buying back more...

  • WASHINGTON— Turkey is imposing tariffs on nearly two dozen U.S. products, ranging from cars to sunscreen, to strike back at Washington's sanctions on imported steel and aluminum. According to documents filed with the World Trade Organization, Turkey will slap $267 million in tariffs on $1.8 billion worth of products the United States exports to Turkey.

  • MANILA, June 21- Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, a source familiar with the discussions told Reuters on Thursday. The Mining Industry Coordinating Council reviewed all 27 mines that former Environment and Natural Resources...

  • *China says U.S. accusations of forced tech transfer are severe distortion of reality. *China says no matter how U.S. attitude changes, China to continue on its own path. The United States has alleged that China is stealing U.S. intellectual property, a charge denied by Beijing.

  • *Spot gold may drop to $1,258/ oz- technicals. *Silver revisits May 16 low. Federal Reserve Chair confirmed an outlook for higher interest rates in the United States.

  • MUMBAI, June 21- From living off money collected by her 4- year old daughter to spending at least 50 percent more on eating out and shopping, Indian housewife Ruth Timmy Verghese says she's had a sharp lifestyle turnaround in the last few months. The 32- year-old said she had to break into her daughter's piggy bank to meet household expenses when India suddenly...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran has so far resisted OPEC production rise. Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries, signalled on Wednesday it could agree on a small increase in the group's output during a meeting to be held at OPEC's headquarters in Vienna on June 22...

  • SHANGHAI, June 21- China's yuan weakened to a more than five-month low against the dollar on Thursday, as corporate greenback demand picked up and higher U.S. bond yields pushed the U.S. currency higher against most of its peers. Treasury yields were propped up as panic over a Sino-U.S. trade war eased while remarks from Federal Reserve Chairman Jerome Powell...

  • TOKYO, June 21- Japanese government bond prices slipped on Thursday, as a lull in China- U.S. trade conflict soothed nerves and curbed investor demand for safe-haven debt. JGBs were pressured as Japanese stocks stretched gains amid the continuing ebb in risk aversion with the Nikkei rising 0.65 percent. With the broader JGB market on the back foot investor demand...

  • *To sell 2.18 bln shares for HK $17- 22 each- term sheet. HONG KONG, June 20- Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Other cornerstone investors include Chinese express delivery company...

  • *EU, New Zealand to begin free-trade talks July 16-20. Trade Commissioner Cecilia Malmstrom on Thursday sought New Zealand's support to stand up for an open, rule-based trade system that she said was under threat from escalating friction between the United States and other major economies. After imposing punitive tariffs on a number of its top trading...

  • SHANGHAI, June 21- China and Hong Kong shares reversed earlier gains to slide on Thursday, as concerns over a trade spat between China and the United States weighed on sentiment. **However, sentiment was still dampened amid lingering worries over a potential full-blown trade war between China and the United States. **China's commerce ministry on Thursday accused...

  • BOSTON— A Boston- based consumer watchdog group is issuing its annual summer safety report flagging toys it says pose a danger to children. World Against Toys Causing Harm— better known by its acronym, W.A.T.C.H.— says its latest report will highlight "warm weather recreational products and hazards that parents should avoid." W.A.T.C.H.' s 2018 warnings are set to be...

  • NEW YORK, June 21- U.S. travelers will hit the roads, rails and airports in record numbers this Fourth of July holiday, despite higher gasoline prices, the nation's largest automotive advocacy group said on Thursday. Some 46.9 million Americans will travel 50 miles over the upcoming July Fourth holiday, the fifth consecutive annual increase and highest travel...

  • *NT ratio hits highest since 1999. TOKYO, June 21- Japan's Nikkei share average rose on Thursday morning as investor jitters over trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the Nasdaq strong performance overnight. U.S. and China would be both hurt if they keep going like that, "said Toru Ibayashi, executive...

  • *China says no matter how U.S. attitude changes, China to continue on its own path. China believes its previous trade negotiations with the United States were constructive, but because the U.S. government is being unpredictable and challenging, Beijing has had to respond in a strong manner, commerce ministry spokesman Gao Feng said. The United States has alleged...

  • "We will work with MSCI and FTSE to take all necessary steps to launch these implementations." Given the size of Saudi's weighting on both providers' indices, its introduction is being staggered: FTSE will bring Saudi stocks on board in several stages between March and December 2019, while MSCI said on Wednesday the kingdom would enter in phases coinciding with...

  • TOKYO, June 21- The dollar hovered near an 11- month high against a basket of currencies on Thursday, supported by a rise in U.S. yields, while the pound was at its lowest level since November 2017 ahead of a Bank of England monetary policy decision. Buoying the greenback, long-term Treasury yields bounced back from three-week lows, as risk aversion felt earlier in...

  • *Daimler exports U.S.-made Mercedes to China. FRANKFURT, June 20- Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles. China has warned it would retaliate with levies on U.S. products, potentially including the...

  • SEOUL, South Korea— Xiaomi, a Chinese startup that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would be the biggest initial public offering since e-commerce giant Alibaba's in 2014.. Can a Chinese company be cool outside Asia? Xiaomi— pronounced "SHEE-YOW'-mee"— was founded in 2010 by CEO Jun Lei and seven colleagues who...