(Reuters) – Intel said on Wednesday it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower last year, will pay a termination fee of $353 million to the latter, according to…
By Jack Queen (Reuters) -Donald Trump is likely to claim that his right to free speech and genuine concerns about voter fraud protect him from charges that he pressured Georgia officials to change the results of the 2020 election in his favor. But legal experts say the case appears to be a straightforward fraud prosecution…
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnam’s EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors. Now comes the hard part: moving overseas growth out of the slow lane….
By Jorge Garcia and Sandra Stojanovic OLOWALU, Hawaii (Reuters) – Yadira Ulloa was pumping gas near the apartment building where she lived on the western side of Maui when the winds kicked up, blowing shingles off the roof and propelling the wildfire that would soon incinerate her town of Lahaina. The winds from a distant…
MANILA (Reuters) – The Philippines risks losing its investment grade rating if it fails to reform an “unsustainable” military and uniformed personnel (MUP) pension system because it will constrain its ability to cut its debt and deficit, the finance secretary said. President Ferdinand Marcos Jr has made reforming the retirement system for service personnel a…
SEOUL (Reuters) -South Korea’s house prices rose slightly in July after 13 months of decline, data showed on Wednesday, with the rise led by demand for preferred residential complexes in the capital area. Korea Real Estate Board’s nationwide house transaction price index rose 0.03% in July, after a 0.05% fall in June, and posted its…
TAIPEI (Reuters) – Any Chinese military action in response to stopovers in the U.S. by Taiwan Vice President William Lai would be an attempt by China to interfere in the island’s elections, Lai said during a trip to Paraguay. Taiwanese officials say China could launch military drills this week, using Lai’s stopovers in the United…
By Phuong Nguyen, Francesco Guarascio and Anshuman Daga HANOI/SINGAPORE (Reuters) -VinFast’s shares soared in thin trading in their Nasdaq debut on Tuesday following the Vietnamese electric vehicle maker’s $23 billion backdoor listing as the startup said it was likely to raise money from global investors within 18 months. The stock opened at $22, more than…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank held its cash rate steady at 5.5% on Wednesday but slightly pushed out when it expects to start cutting borrowing costs to 2025, which provided some support for the New Zealand dollar. “The committee agreed that the OCR (official cash rate) needs to stay at restrictive…
By Lewis Jackson and Nausheen Thusoo SYDNEY (Reuters) -Australia’s Dexus swung to its first net loss since 2009 as higher interest rates wiped nearly A$1.2 billion ($773 million) off the value of its property portfolio, but said it would not be a forced seller of real estate. The property industry globally, and office building owners…
