(Reuters) -The Public Utility Commission of Texas (PUCT) on Thursday adopted a new market design for the state’s electric grid that will see power plants getting paid to be on standby, aimed at securing new generation capacity and increasing grid reliability. The market redesign is the latest of several efforts by Texas regulators to ensure …
Texas regulator proposes power market overhaul after 2021 freeze Read More »
(Reuters) – A unit of Canadian insurer Sun Life Financial Inc has partnered with Hong Kong-based Dah Sing Bank in a deal valued at nearly C$260 million ($193 million), the companies said on Friday. Under terms of the partnership, Sun Life would pay to become the exclusive life insurance provider for Dah Sing Bank’s 570,000 …
Canadian insurer Sun Life inks $193 million deal with HK’s Dah Sing Read More »
By Swathi Nair BENGALURU (Reuters) – The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive tightening campaign, according to a Reuters poll of economists, with risks skewed toward a higher peak. Inflation, which clocked 6.3% in December, …
BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll Read More »
By Dan Whitcomb (Reuters) – A federal judge on Thursday ordered former U.S. President Donald Trump and his attorneys to pay more than $937,000 in sanctions for suing former Secretary of State Hillary Clinton over claims the 2016 presidential election was rigged. U.S. District Judge John Middlebrooks, who threw out Trump’s lawsuit in September, said …
Trump, lawyers sanctioned nearly $1 million for ‘political’ lawsuit vs Clinton Read More »
By Luc Cohen NEW YORK (Reuters) – A car drove into a metal barricade outside Sam Bankman-Fried’s home in California, his lawyers said on Thursday, in a recent incident they said underscores the security risks faced by the FTX founder and those ensuring his return to court. In a filing in Manhattan federal court, lawyers …
Car drove into barricade outside Bankman-Fried’s home, lawyers say Read More »
(Reuters) – Global equity funds secured weekly inflows for a second straight week in the week to Jan. 18 on hopes over waning inflationary risks and more measured rate hikes from the Federal Reserve, though recent data showed a drop in consumer spending. Refinitiv Lipper data showed global equity funds obtained $5.24 billion worth of …
Global equity funds post second weekly inflows in a row Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Thursday a preliminary review found that contract personnel “unintentionally deleted files” disrupting a key computer system and prompting a nationwide groundstop on Jan. 11 that disrupted more than 11,000 flights. The FAA said the issue occurred while personnel were working “to correct synchronization …
U.S. FAA says ‘unintentionally deleted files’ prompted computer outage Read More »
By Andrew Hay and Brendan O’Brien TAOS, N.M. (Reuters) -Actor Alec Baldwin will be charged with involuntary manslaughter, a felony punishable by prison time, in the fatal 2021 shooting of cinematographer Halyna Hutchins while filming the movie “Rust” in New Mexico, a state prosecutor said on Thursday. District Attorney Mary Carmack-Altwies, the top prosecutor for …
Alec Baldwin to be charged with involuntary manslaughter over ‘Rust’ shooting Read More »
By Kyaw Soe Oo MISSISSAUGA, Ontario (Reuters) – A Canadian company supplying battle-ready armoured vehicles to Ukraine plans to deliver the 200 vehicles Ottawa promised to Kyiv before summer, the firm’s Chief Executive Officer Roman Shimonov said on Thursday. Canadian Defence Minister Anita Anand visited Kyiv to meet Ukrainian officials on Wednesday and announced the …
Hundreds more Canada-made armoured vehicles to arrive in Ukraine by summer Read More »
By Dave Sherwood and Matt Spetalnick HAVANA/WASHINGTON (Reuters) -A visiting U.S. delegation wrapped up two days of talks on law-enforcement issues with Cuban officials in Havana on Thursday, the two governments said following the first meeting of its kind since the previous Trump administration stopped such dialogue. The talks, which included the State Department, Justice …
U.S., Cuban officials wrap up law-enforcement talks in Havana Read More »
