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CNBC Utilities Page Wires

  • SINGAPORE, May 23- Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market. OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going...

  • WASHINGTON, May 22- Committees in the U.S. Senate and the House of Representatives voted on Tuesday to approve bills aimed at tightening oversight of foreign investment to slow China's acquisition of sensitive U.S. technology. The Senate Banking Committee and the House Financial Services Committee approved laws that would strengthen the Committee on...

  • REUTERS POLL-BANK OF ENGLAND TO RAISE BANK RATE BY 25 BASIS POINTS TO 0.75 PCT IN AUG.

  • *UK govt scores badly on divorce talk skills. *EU- UK free trade agreement still most probable outcome. LONDON, May 23- Britain's government has handled negotiations with the European Union over its departure from the bloc poorly, according to all economists in a Reuters poll, who did however say there was just a one-in-five chance of a disorderly Brexit.

  • REUTERS POLL-EU- UK FREE TRADE AGREEMENT MOST LIKELY OUTCOME OF BREXIT TALKS- ECONOMISTS.

  • REUTERS POLL-MEDIAN 20 PCT CHANCE OF DISORDERLY BREXIT.

  • REUTERS POLL- UK GOVERNMENT HAS HANDLED EU DIVORCE TALKS POORLY- ECONOMISTS.

  • WASHINGTON, May 22- The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory. Tuesday's vote eases some of the 2010 Dodd-Frank rules that have hurt smaller banks and community lenders and keeps the...

  • Federal Reserve Today in Washington. 23- May United States Sale of 2- year floating rate notes 23- May United States Sale of 5- year notes 23- May Germany Auction of 2- year Treasury notes 24- May United States Sale of 7- year notes 24- May United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2036 24- May Sweden Auction of inflation-linked government...

  • BRUSSELS- Participation in a panel by ECB Supervisor Ignazio Angeloni at 2018 IIF Spring Meeting organised by the Institute of International Finance in Brussels, Belgium 0900 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves and Head of the Department of Financial Stability Olof Sandstedt participate in a press conference on financial stability 0900 GMT.

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Australia-China Relations Institute, Sydney 0805 GMT. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference 1100 GMT. TUESDAY, MAY 29 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • BRUSSELS- Participation in a panel by ECB Supervisor Ignazio Angeloni at 2018 IIF Spring Meeting organized by the Institute of International Finance in Brussels, Belgium 0900 GMT. STOCKHOLM- Riksbank Governor Stefan Ingves and Head of the Department of Financial Stability Olof Sandstedt participate in a press conference on financial stability 0900 GMT.

  • SAN JUAN, Puerto Rico— Puerto Rico's governor proposed a $25 billion budget to the island's legislature Tuesday in which retired government workers would keep their monthly pensions uncut and public school teachers and police officers would get pay raises. The governor kept his promise not to implement a 10 percent reduction to the public pension system as...

  • WASHINGTON— Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride. Barack Obama of Illinois and Republican Sen. After the economy stabilized, Congress shifted from...

  • May 23- Global miner Rio Tinto Ltd on Wednesday confirmed it was in discussions with Inalum and Freeport-McMoRan regarding Inalum's potential purchase of Rio's stake in the Grasberg mine, including the price of the deal. No agreement has been reached and there is no certainty that binding agreements would be signed, Rio said in a statement noting reports of the...

  • NEW YORK, May 22- The U.S. House of Representatives on Tuesday passed legislation that reclassifies investment-grade municipal bonds as high-quality liquid assets, a long-awaited move that public officials say will help lower financing costs on infrastructure projects nationwide. The measure was included in bipartisan legislation, which already passed...

  • CARACAS, May 22- The Inter-American Development Bank has halted new loans to Venezuela because the troubled South American nation has fallen behind on servicing $2.0 billion in debt, the Washington, D.C.- based regional lender said on Tuesday. Venezuela has a backlog of $212.4 million in payments to the IDB, of which $88.3 million are delayed by more than 180 days,...

  • LONDON, May 23- Clarks, the British shoemaker and retailer, will return to large-scale manufacturing in the UK for the first time in over a decade when a new factory in southwest England joins plants in Vietnam and India in making its iconic Desert Boot. Clarks' last plant in the UK, in northwest England, closed in 2006 after production was moved to the Far East.

  • LONDON, May 23- Clarks, the British shoemaker and retailer, will return to large-scale manufacturing in the UK for the first time in over a decade when a new factory in southwest England joins plants in Vietnam and India in making its iconic Desert Boot. Clarks' last plant in the UK, in northwest England, closed in 2006 after production was moved to the Far East.

  • *Philippines has the only nuclear plant in Southeast Asia. MORONG, Philippines/ MANILA, May 23- Filipino Wilfredo Torres was hired as a technician for Southeast Asia's only nuclear power plant in the 1980 s, but has spent the past decade giving guided tours at the never-used facility. The Department of Energy has asked Duterte for an executive order declaring the...