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Iberdrola commissions $1.65 bln Canada-U.S. power interconnection
Reuters· 2026-01-16 05:02
Core Insights - Iberdrola has commissioned a $1.65 billion power interconnection between Canada and the US, which will transport hydroelectric power from Quebec to New England [1] Group 1: Project Details - The interconnection is designed to supply nearly 10% of New England's electricity needs [1]
Anthropic appoints Microsoft veteran Irina Ghose as India MD
Reuters· 2026-01-16 04:55
Core Insights - Anthropic, an artificial intelligence startup, has appointed Irina Ghose as its managing director for India, indicating a strategic move to strengthen its presence in the Indian market [1] Company Developments - The appointment of Irina Ghose, a former Microsoft executive, suggests that Anthropic is looking to leverage her experience and expertise to enhance its operations and growth in India [1]
India's Infosys rises on AI momentum after lifting FY26 outlook
Reuters· 2026-01-16 03:57
Core Insights - Infosys experienced a rise of up to 4% on Friday following an unexpected increase in its fiscal 2026 revenue forecast, indicating strong market confidence in the company's future performance [1] Group 1: Revenue Forecast - The company has raised its fiscal 2026 revenue forecast, suggesting a positive outlook for growth [1] Group 2: Market Positioning - Analysts believe that Infosys is well-positioned to capture market share through enhanced AI partnerships and deeper industry engagement, which could lead to competitive advantages [1]
Mitsubishi to take over Texas and Louisiana shale gas assets for $7.53 billion
Reuters· 2026-01-16 03:49
Core Viewpoint - Mitsubishi Corp is set to acquire Aethon Energy Management's U.S. shale production for $7.53 billion, which includes debt [1] Group 1: Company Acquisition - The acquisition price of $7.53 billion reflects Mitsubishi Corp's strategic move to expand its presence in the U.S. shale market [1] - This deal signifies Mitsubishi Corp's commitment to diversifying its energy portfolio and enhancing its operational capabilities in North America [1] Group 2: Financial Implications - The inclusion of debt in the acquisition cost indicates a significant financial commitment by Mitsubishi Corp, which may impact its balance sheet [1] - The transaction highlights the ongoing trend of international companies investing in U.S. shale assets, driven by the potential for high returns in the energy sector [1]
Canada, China slash EV, canola tariffs in reset of ties
Reuters· 2026-01-16 03:16
Core Insights - The article emphasizes the significance of Reuters as the world's largest multimedia news provider, reaching billions of people globally every day [1] Group 1 - Reuters provides a wide range of news including business, financial, national, and international updates to professionals [1] - The company delivers news through various channels such as desktop terminals, media organizations, industry events, and directly to consumers [1]
Boeing secures tentative labor deal with former Spirit AeroSystems workers
Reuters· 2026-01-16 03:10
Core Insights - A union representing approximately 1,600 white-collar workers at Spirit AeroSystems has reached a tentative agreement with Boeing regarding a new collective bargaining contract [1] Group 1 - The union's agreement with Boeing signifies a potential resolution in labor negotiations that could impact production and operational stability at Spirit AeroSystems [1] - The collective bargaining contract is expected to address key employment terms for the white-collar workforce, which may influence workforce morale and productivity [1]
Taiwan aims to be strategic AI partner with US under tariff deal
Reuters· 2026-01-16 02:44
Core Viewpoint - Taiwan aims to strengthen its strategic partnership with the United States in the field of artificial intelligence through a new deal that focuses on reducing tariffs and increasing Taiwanese investments in the U.S. [1] Group 1 - Taiwan's Vice Premier Cheng Li-chiun announced the intention to become a close strategic AI partner with the U.S. [1] - The deal is expected to facilitate Taiwanese investments in the United States [1] - The agreement includes provisions for tariff reductions [1]
Oil flat as chances of US strike on Iran recedes
Reuters· 2026-01-16 02:35
Core Viewpoint - Oil prices remained stable on Friday, with both Brent and U.S. West Texas Intermediate showing minimal movement due to reduced concerns over a potential U.S. strike on Iran [1] Group 1 - Brent and U.S. West Texas Intermediate oil prices moved only a few cents from their previous closing prices [1] - The likelihood of a U.S. military action against Iran has decreased, contributing to the stability in oil prices [1]
HSBC to review Singapore insurance business as its slims down globally
Reuters· 2026-01-16 01:48
Group 1 - HSBC is conducting a strategic review of its insurance business in Singapore [1] - The review is part of HSBC's initiative to simplify its global operations [1]
White House says 25% semiconductor tariffs a 'phase one' action
Reuters· 2026-01-15 23:48
Core Viewpoint - The U.S. Commerce Department has announced a 25% national security tariff on certain high-end semiconductors as a "phase one" action to protect the sector, with potential for further announcements depending on negotiations with other countries and companies [1] Group 1 - The tariff is specifically aimed at high-end semiconductors, indicating a targeted approach to national security concerns within the tech industry [1] - This action is described as a preliminary measure, suggesting that additional tariffs or regulations may be implemented in the future as negotiations progress [1] - A White House official has indicated that the decision is part of a broader strategy to safeguard the semiconductor sector, which is critical for national security [1]