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Westinghouse Electric, Cameco Corp and Brookfield Asset Management in $80 bln nuclear power push
Reuters· 2025-10-28 09:29
Group 1 - Westinghouse Electric Company, Cameco Corporation, and Brookfield Asset Management have partnered with the United States government [1] - The partnership aims to build new nuclear reactors valued at a minimum of $80 billion across the country [1]
TotalEnergies-led consortium awarded 400 megawatt solar project in Saudi Arabia
Reuters· 2025-10-28 09:27
Group 1 - TotalEnergies and Aljomai Energy and Water have been awarded a license to construct and operate a 400 megawatt solar power plant in Saudi Arabia [1]
SoftBank, GE Vernova among firms interested in Japan's $550 billion US investment package
Reuters· 2025-10-28 09:06
Core Insights - Approximately 20 companies from Japan and the U.S. have shown interest in projects associated with Tokyo's planned $550-billion investment package [1] Group 1 - The investment package is part of Tokyo's broader economic strategy to attract foreign investment and enhance infrastructure [1] - The collaboration between Japan and the U.S. indicates a strengthening of economic ties and mutual interests in large-scale projects [1] - The involvement of multiple companies suggests a diverse range of sectors may benefit from this investment initiative [1]
Iberdrola's 9-month reported net profit falls 3%
Reuters· 2025-10-28 07:53
Core Insights - Spanish utility Iberdrola reported a 3% decline in net profit for the first nine months of the year, amounting to 5.31 billion euros ($6.19 billion), down from 5.47 billion euros in the same period last year [1] Financial Performance - The reported net profit for Iberdrola decreased by 3% year-on-year [1] - The profit for the first nine months of the year is 5.31 billion euros ($6.19 billion) compared to 5.47 billion euros in the same period last year [1]
British crypto firm KR1 targets London main market listing
Reuters· 2025-10-28 07:33
Group 1 - The core point of the article is that British cryptocurrency company KR1 plans to uplist its stock to the main market of the London Stock Exchange to enhance visibility and broaden its investor base [1]
Barclays to buy US personal loan firm Best Egg for $800 million
Reuters· 2025-10-28 07:18
Core Viewpoint - Barclays has announced its acquisition of U.S. personal loan originator Best Egg, indicating a strategic move to enhance its consumer lending portfolio and expand its presence in the U.S. market [1] Company Summary - The acquisition of Best Egg aligns with Barclays' strategy to diversify its offerings in the consumer finance sector, particularly in personal loans [1] - Best Egg is recognized for its strong performance in the personal loan market, which is expected to complement Barclays' existing financial services [1] Industry Summary - The personal loan market in the U.S. has been experiencing growth, driven by increasing consumer demand for flexible financing options [1] - The acquisition reflects a broader trend in the financial services industry where traditional banks are seeking to enhance their digital capabilities and customer reach through strategic acquisitions [1]
Focus: BYD's mini-car ambitions may be a wake-up call for Japan
Reuters· 2025-10-28 06:39
Core Insights - BYD's Japanese mini-car is generating significant interest ahead of its launch, which is scheduled for the end of next year, raising concerns among Tokyo officials about competition from China's largest automaker [1] Group 1 - The mini-car from BYD is not expected to be available for sale until late next year [1] - The anticipation surrounding the vehicle has already sparked discussions among officials in Tokyo [1] - Concerns are growing regarding the competitive challenge posed by BYD to the Japanese automotive market [1]
Apple supplier Skyworks held talks to buy $8 billion rival Qorvo, The Information reports
Reuters· 2025-10-28 06:35
Group 1 - Skyworks Solutions has engaged in discussions to acquire rival Qorvo, as reported by The Information [1] - The talks have taken place in recent months, indicating a potential strategic move within the semiconductor industry [1] - Skyworks Solutions is known for supplying radio frequency chips to major clients, including Apple and other smartphone manufacturers [1]
Ceconomy, takeover target of JD.com, says it will exceed annual profit forecast
Reuters· 2025-10-28 06:28
German electronics retailer Ceconomy said on Tuesday it expected to slightly exceed its earnings forecast for the 2024/2025 financial year, with CEO Kai-Ulrich Deissner adding the Dusseldorf-based fir... ...
Siltronic posts Q3 core profit below expectations
Reuters· 2025-10-28 06:17
Core Insights - Siltronic, a German semiconductor materials supplier, reported a quarterly core profit that was slightly lower than expected due to negative currency effects and a shift in deliveries to the next quarter [1] Financial Performance - The company's quarterly core profit was impacted by unfavorable currency fluctuations, which affected overall profitability [1] - Deliveries that were anticipated in the current quarter have been postponed to the next quarter, contributing to the lower-than-expected profit [1]