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Shell seeks to exit Syria's al-Omar oilfield, official says
Reuters· 2026-01-19 12:55
Core Viewpoint - Shell has requested to withdraw from the al-Omar oilfield and transfer its share to Syria's state-owned operators, indicating a significant shift in its operations in the region [1] Company Summary - The head of the Syrian Petroleum Company, Youssef Qeblawi, confirmed Shell's request for withdrawal from the al-Omar oilfield [1]
NHTSA opens probe into about 600,000 GM vehicles over engine failure issue
Reuters· 2026-01-19 12:33
Core Viewpoint - The U.S. National Highway Traffic Safety Administration has initiated a recall query involving approximately 597,571 vehicles from General Motors due to concerns over engine failure [1] Group 1 - The recall query affects a significant number of vehicles, indicating potential widespread issues within General Motors' engine systems [1] - The action taken by the National Highway Traffic Safety Administration highlights regulatory scrutiny in the automotive industry, particularly regarding vehicle safety and reliability [1]
Kenya launches IPO of state oil pipeline firm, seeking $825 million
Reuters· 2026-01-19 10:09
Kenya began selling a 65% stake in its state oil pipeline company on Monday, seeking to raise 106.3 billion shillings ($825 million) in what would be East Africa's biggest initial public offering in l... ...
India's MRPL scouts for Venezuelan oil as it halts Russian imports
Reuters· 2026-01-19 08:18
Core Viewpoint - Mangalore Refinery and Petrochemicals Ltd is shifting its oil sourcing strategy by exploring purchases of Venezuelan oil due to the cessation of Russian oil imports in compliance with Western sanctions [1] Group 1: Company Actions - The company is halting imports of Russian oil as a direct response to Western sanctions [1] - Mangalore Refinery and Petrochemicals Ltd is actively seeking to purchase Venezuelan oil to replace the halted Russian oil imports [1] Group 2: Industry Context - The decision reflects a broader trend in the oil industry where companies are adjusting their supply chains in response to geopolitical pressures and sanctions [1]
Japan, US narrow first $550 bln investment picks, including SoftBank-linked plan, sources say
Reuters· 2026-01-19 08:15
Group 1 - Japan and the U.S. have shortlisted several projects as initial candidates for Tokyo's planned $550 billion investment aimed at U.S. markets [1] - One of the highlighted projects involves SoftBank Group, indicating a significant collaboration between Japanese and American companies [1]
ASM International reports bookings above market view as China orders rebound
Reuters· 2026-01-19 07:23
Core Viewpoint - ASM International reported preliminary bookings exceeding market estimates for Q4 2025, driven by a recovery in orders from China [1] Group 1 - The company is a manufacturer of computer chip equipment [1] - The increase in bookings indicates a positive trend in demand within the semiconductor industry [1] - The rebound in orders from China is a significant factor contributing to the higher bookings [1]
Tesla poised to be early winner as Canada opens door to Chinese-made EVs
Reuters· 2026-01-19 06:38
Core Viewpoint - Tesla is positioned to be among the first automakers to gain from Canada's decision to eliminate 100% tariffs on Chinese-made electric vehicles (EVs) due to its proactive shipping of cars from its Shanghai plant [1] Group 1 - Canada has removed 100% tariffs on Chinese-made EVs, creating a favorable environment for automakers [1] - Tesla's early efforts in shipping vehicles from its Shanghai facility to Canada will likely enhance its competitive advantage in the Canadian market [1]
Oil prices steady as ebbing Iranian protests lower chance of US attack
Reuters· 2026-01-19 02:17
Core Viewpoint - Oil prices remained stable on Monday following a rise in the previous session, influenced by the reduction of civil unrest in Iran due to a crackdown on protests, which in turn decreased the likelihood of a U.S. military response [1] Group 1 - Oil prices were little changed on Monday after experiencing an increase in the prior session [1] - The civil unrest in Iran has been quelled due to a deadly crackdown on protests, impacting market perceptions [1] - The reduced chance of a U.S. attack on Iran is linked to the stabilization of the situation within the country [1]
Australia's Syrah Resources buys more time for Tesla graphite supply deal
Reuters· 2026-01-18 23:57
Group 1 - Syrah Resources has agreed with Tesla to extend the deadline for the third time regarding an alleged breach of their graphite supply agreement [1]
Elliott says offer for Toyota Industries is 40% undervalued, proposes alternative plan
Reuters· 2026-01-18 23:55
Core Viewpoint - Activist investor Elliott Investment Management claims that the Toyota Group's bid to take Toyota Industries private significantly undervalues the forklift manufacturer by nearly 40% and has proposed a growth plan for the company [1] Group 1: Valuation Concerns - Elliott Investment Management argues that the bid undervalues Toyota Industries by almost 40% [1] Group 2: Proposed Growth Plan - The activist investor has put forward a growth plan aimed at enhancing the value of Toyota Industries [1]