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CNBC Utilities Page Wires

  • *OPEC to meet in Vienna on Friday to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • *China Enterprises index HSCE falls 1.2 percent. June 21- Hong Kong stocks ended at a six-month low on Thursday, as China-U.S. trade conflict fears curbed risk appetite. **Around the region, MSCI's Asia ex- Japan stock index was weaker by 0.67 percent, while Japan's Nikkei index closed up 0.61 percent.

  • COPENHAGEN, Denmark— The Norwegian Competition Authorities has fined Norway's largest telecoms provider Telenor 788 million kroner for abusing its dominant position on the country's mobile market. The watchdog's director general, Lars Soergard, says Telenor made "a serious infringement of competition law" when creating "barriers for the development of a...

  • KUALA LUMPUR, June 21- Malaysia said on Thursday it will provide up to 2.8 billion ringgit to complete an integrated financial district from which more than 3 billion ringgit was diverted to pay debts of scandal-plagued 1 Malaysia Development Berhad. The minister said since 2012, Malaysia's government extended advances and transfers, and bought land from...

  • OSLO, June 21- Norway's central bank kept its key policy interest rate unchanged at a record low 0.50 percent on Thursday, as expected, and reiterated plans for a hike later this year.

  • VIENNA, June 21- An increase in oil supply would be acceptable if justified from the demand side and agreed upon by all OPEC members, a source familiar with Iranian thinking said on Thursday. An increase because of external pressure on OPEC is not acceptable, the source said. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Friday...

  • *Says doesn't expect same-store sales growth in China Q3. *Last month said aimed to triple China revenue, double stores. June 20- Starbucks Corp has reported a sudden slowdown in China growth just weeks after trumpeting rapid expansion in the country, citing a drop-off in unapproved third-party delivery services whose bulk orders had been clogging up its cafes.

  • BERN, June 21- The Swiss National Bank maintained its expansionary monetary policy on Thursday, citing a "fragile" exchange rate situation that made it essential for the central bank to keep interest rates negative and be ready to intervene in currency markets. However, in light of political uncertainty in Italy, we have since seen countermovement, particularly...

  • Mining minister Sumiyabazar Dolgorsuren presented a bill to parliament proposing the sale of up to 30 percent of the project on domestic and international stock markets, according to a notice on Mongolia's official parliamentary website. Tavan Tolgoi, in the Gobi desert about 250 kilometres from the Chinese border, has an estimated 7.4 billion tonnes of...

  • KUALA LUMPUR, Malaysia— Malaysia says it will not cancel a skyscraper project billed as the tallest in the region even though 3 billion ringgit from the venture has been misappropriated by the 1 MDB state fund linked to former premier Najib Razak. Finance Minister Lim Guan Eng says Najib's government has since 2012 guaranteed borrowings, extended advances and...

  • Mining minister Sumiyabazar Dolgorsuren presented a bill to parliament proposing the sale of up to 30 percent of the project on domestic and international stock markets, according to a notice on Mongolia's official parliamentary website. Tavan Tolgoi, in the Gobi desert about 250 kilometers from the Chinese border, has an estimated 7.4 billion tonnes of...

  • CONAKRY, June 21- Sanctions-hit Russian aluminum producer Rusal restarted production at its Friguia alumina refinery in Guinea on Wednesday after a six-year hiatus, the West African country's mines minister told Reuters. Rusal, the world's largest aluminum producer outside China, has been hit by U.S. sanctions since April, which analysts had said could delay...

  • BEIJING, June 21- At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations. Although 545 items on the list face higher tariffs starting July 6, Beijing did not specify when coal and the other remaining...

  • VIENNA, June 21- OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signalling it would support only a modest increase in supply. Russia, which is not in OPEC, has proposed producers raise output by 1.5 million barrels per day, effectively wiping out...

  • LONDON, June 21- The dollar rose to a fresh 11- month high and the euro sagged towards its 2018 lows on Thursday as investors increased their bets on a prolonged period of monetary policy divergence between the U.S. and European central banks. Concerns over an escalation in a U.S.- China trade conflict, underlined by comments from top central bankers on Wednesday,...

  • *Yields hover near lows despite big auctions from France, Spain. Most euro zone government bond yields were unchanged to slightly higher on Thursday, and within touching distance of recent two-week lows, even though Spain and France are set to add up to 14 billion euros of new supply between them. On Wednesday, European Central Bank chief Mario Draghi said at an...

  • MANILA, June 21- London copper rebounded from a three-week low on Thursday after China said it was eyeing cuts in banks' reserve requirement ratios and other measures to spur economic growth, which could support copper demand in the world's top user. China's state radio quoted a cabinet meeting as saying on Wednesday that Beijing will use targeted reduction in...

  • LONDON, June 21- Autos stocks were the outlier in a continued relief rally in European shares on Thursday, sinking after German carmaker Daimler warned profit would be hit by higher tariffs. The autos sector sank 1.4 percent to a nine-month low while the pan-European STOXX 600 gained 0.4 percent by 0730 GMT, riding on a wave of gains in Asian markets and Wall Street...

  • *OPEC to meet in Vienna on June 22 to agree output policy. LONDON, June 21- Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production. The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other...

  • June 21- California- based bicycle sharing service Lime said it will launch a fleet of dock-free electric scooters in Paris starting June 22. In December last year, Lime said it was expanding into the European market by introducing services in Frankfurt and Zurich. Paris has been a test bed for new mobility solutions in the past few years, with several foreign...