{"id":55196,"date":"2025-10-28T04:09:10","date_gmt":"2025-10-28T08:09:10","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/"},"modified":"2025-10-28T04:09:10","modified_gmt":"2025-10-28T08:09:10","slug":"global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/","title":{"rendered":"Global Economic Briefs: Iberdrola Exceeds Profit Estimates, Anglo American Faces Copper Output Challenges, and Key Japan-US Strategic Pacts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Iberdrolas_Strong_Q3_Performance_and_Ambitious_Investment_Plans\" >Iberdrola&#39;s Strong Q3 Performance and Ambitious Investment Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Anglo_Americans_Copper_Outlook_Dims_Amidst_Market_Tightness\" >Anglo American&#39;s Copper Outlook Dims Amidst Market Tightness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Japan_and_US_Forge_Deeper_Strategic_and_Economic_Alliances\" >Japan and U.S. Forge Deeper Strategic and Economic Alliances<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Novartis_Prepares_for_Generic_Entresto_Impact\" >Novartis Prepares for Generic Entresto Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-economic-briefs-iberdrola-exceeds-profit-estimates-anglo-american-faces-copper-output-challenges-and-key-japan-us-strategic-pacts\/55196\/#Trumps_Directive_on_Troop_Pay_Raises_Constitutional_Concerns\" >Trump&#39;s Directive on Troop Pay Raises Constitutional Concerns<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Iberdrola<\/strong> (<a href=\"\/stock\/IBE.MC\">IBE.MC<\/a>) reported <strong>Q3 net income of EU1.74 billion<\/strong>, significantly exceeding analyst estimates, and boosted its adjusted net outlook to <em>double-digit growth<\/em> for the full year.<\/li>\n<li><strong>Anglo American<\/strong> (<a href=\"\/stock\/AAL\">AAL<\/a>) faces potential challenges as a partner, <strong>Teck Resources<\/strong> (<a href=\"\/stock\/TECK\">TECK<\/a>), lowered its 2026 copper output forecast by up to <strong>35%<\/strong>, contributing to expectations of a global refined copper deficit of <strong>150,000 metric tons<\/strong> in 2026.<\/li>\n<li><strong>Japan and the United States<\/strong> formalized comprehensive strategic agreements, including a <strong>Memorandum of Understanding (MOU) on shipbuilding cooperation<\/strong> aimed at countering China&#39;s market dominance, and a <strong>$550 billion Japanese investment<\/strong> pledge in critical U.S. industries like AI infrastructure, energy, and critical minerals.<\/li>\n<li><strong>Novartis<\/strong> (<a href=\"\/stock\/NVS\">NVS<\/a>) anticipates the <strong>full financial impact of Entresto generics<\/strong> to materialize in the fourth quarter, signaling potential revenue pressures.<\/li>\n<li>U.S. President <strong>Donald Trump<\/strong> directed the Pentagon to ensure troops receive full deployment pay despite a government shutdown, a move critics deem <em>potentially illegal<\/em> and a precedent-setting shift of congressional power.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Iberdrolas_Strong_Q3_Performance_and_Ambitious_Investment_Plans\"><\/span>Iberdrola&#39;s Strong Q3 Performance and Ambitious Investment Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Spanish utility giant Iberdrola (<a href=\"\/stock\/IBE.MC\">IBE.MC<\/a>) announced robust financial results for the third quarter of 2025, with <strong>net income reaching EU1.74 billion<\/strong>, comfortably surpassing the estimated EU1.37 billion. While revenue for the quarter stood at <strong>EU11.12 billion<\/strong>, slightly below estimates, the company&#39;s nine-month revenue grew by <strong>2.3% year-over-year to EU33.86 billion<\/strong>.<\/p>\n<p>Buoyed by this performance, Iberdrola has upgraded its adjusted net outlook for the full year to <em>double-digit growth<\/em>, supported by the addition of <strong>1,400 MW<\/strong> in new renewables capacity and expansion in regulated networks. The company is embarking on an aggressive investment strategy, planning to deploy <strong>\u20ac50 billion<\/strong> over the 2025-2028 period, with approximately <em>two-thirds<\/em> allocated to network development. Over the past 12 months, total investments hit <strong>\u20ac17.3 billion<\/strong>, with over <strong>60%<\/strong> directed towards the U.S. and U.K. markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Anglo_Americans_Copper_Outlook_Dims_Amidst_Market_Tightness\"><\/span>Anglo American&#39;s Copper Outlook Dims Amidst Market Tightness<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mining major Anglo American (<a href=\"\/stock\/AAL\">AAL<\/a>) is facing headwinds in its copper production forecasts. Although the specific headline refers to Anglo&#39;s own warning, related reports indicate that <strong>Teck Resources<\/strong> (<a href=\"\/stock\/TECK\">TECK<\/a>), with whom Anglo American recently agreed a merger, has significantly lowered its 2026 copper output guidance. Teck&#39;s forecast for 2026 copper production has been reduced to <strong>200,000\u2013235,000 tonnes<\/strong>, down from an earlier range of <strong>280,000\u2013310,000 tonnes<\/strong>, primarily due to persistent setbacks at its Quebrada Blanca (QB) mine in Chile and the Highland Valley Copper (HVC) operation in Canada.<\/p>\n<p>This reduction comes at a critical time for the global copper market. The International Copper Study Group (ICSG) now predicts that the global refined copper market will shift to a <strong>deficit of 150,000 metric tons in 2026<\/strong>, a stark reversal from a previously expected surplus. This anticipated deficit, driven by slower production growth and recent mine disruptions, has already pushed copper prices to a <em>16-month peak<\/em>. Industry experts, like Robert Friedland, warn of a looming &quot;copper crisis&quot; as accelerating demand threatens to outstrip supply within two decades.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Japan_and_US_Forge_Deeper_Strategic_and_Economic_Alliances\"><\/span>Japan and U.S. Forge Deeper Strategic and Economic Alliances<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a series of significant diplomatic and economic moves, Japan and the United States have signed multiple strategic agreements during U.S. President Donald Trump&#39;s visit to Tokyo. A key development is the signing of a <strong>Memorandum of Understanding (MOU) on shipbuilding cooperation<\/strong>, aimed at strengthening the shipbuilding capabilities of both nations and directly addressing China&#39;s dominant position in the global shipbuilding market. China currently accounts for over <strong>70% of global shipbuilding orders<\/strong>, while Japan&#39;s share has fallen to <strong>8%<\/strong>. The agreement includes plans for a &quot;Japan-U.S. shipbuilding working group&quot; to foster investment and efficiency.<\/p>\n<p>These agreements are part of a broader <strong>$550 billion investment pledge by Japan<\/strong> into key U.S. industries. A joint fact sheet highlights significant Japanese investment in <strong>AI infrastructure projects<\/strong>, with companies like <strong>Mitsubishi Electric<\/strong> (<a href=\"\/stock\/6503.T\">6503.T<\/a>), <strong>Fujikura<\/strong> (<a href=\"\/stock\/5803.T\">5803.T<\/a>), <strong>TDK<\/strong> (<a href=\"\/stock\/6762.T\">6762.T<\/a>), <strong>Murata<\/strong> (<a href=\"\/stock\/6981.T\">6981.T<\/a>), and <strong>Panasonic<\/strong> (<a href=\"\/stock\/6752.T\">6752.T<\/a>) participating. The Japanese Ministry of Finance (MOF) has welcomed this interest, particularly in areas like energy, AI infrastructure, and critical minerals, recognizing Japan&#39;s increasing power demands from its expanding AI sector. <strong>GE Vernova<\/strong> (<a href=\"\/stock\/GEV\">GEV<\/a>) is also noted for its involvement in these energy projects.<\/p>\n<p>President Trump also met with Japan&#39;s new Prime Minister, <strong>Sanae Takaichi<\/strong>, praising their strong relationship and confirming that missile deliveries for Japan&#39;s defense program are ahead of schedule. Takaichi has committed to increasing Japan&#39;s defense expenditure to <strong>2% of GDP<\/strong> by next spring, two years earlier than initially planned.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Novartis_Prepares_for_Generic_Entresto_Impact\"><\/span>Novartis Prepares for Generic Entresto Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pharmaceutical giant Novartis (<a href=\"\/stock\/NVS\">NVS<\/a>) is bracing for the <strong>full financial impact of generic competition for its heart failure drug Entresto<\/strong> to hit in the fourth quarter of the year. This anticipated event signals a period of expected revenue adjustment for the company as market exclusivity for the blockbuster drug diminishes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Directive_on_Troop_Pay_Raises_Constitutional_Concerns\"><\/span>Trump&#39;s Directive on Troop Pay Raises Constitutional Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amidst a government shutdown, U.S. President <strong>Donald Trump<\/strong> issued a directive to the Defense Department, instructing it to use &quot;all available funds&quot; to ensure military personnel receive their full deployment pay by October 15th. While intended to support troops, this unilateral action has drawn criticism from experts who argue it is &quot;almost certainly illegal&quot; and represents a concerning shift of the &quot;power of the purse&quot; away from Congress. Historically, during government shutdowns, Congress has passed specific legislation to guarantee troop salaries, a step not taken in this instance. This move comes as President Trump has also signaled his openness to invoking the Insurrection Act for domestic military deployments, though he recently reversed plans to send troops to San Francisco following local lobbying efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iberdrola (IBE.MC) reported Q3 net income of EU1.74 billion, significantly exceeding analyst estimates, and boosted its adjusted net 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