By Lewis Jackson and Rishav Chatterjee SYDNEY (Reuters) – Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space. Reuters reported on Wednesday that the…
By Ben Klayman (Reuters) -Vietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among dealers with a recent change in how it will distribute its cars in the U.S. market. The carmaker, which has shipped nearly 3,000 vehicles to…
(Reuters) -The main grid operator in Texas said on Thursday it had engaged its emergency system after electricity reserves dropped below the critical 3,000 MW level due to increased power usage amid a heatwave. The Electric Reliability Council Of Texas (ERCOT), which operates the grid for more than 26 million customers which use about 90%…
By Alexandra Valencia QUITO (Reuters) – Candidates vying to be Ecuador’s next president held closing campaign events on Thursday, ahead of voting over the weekend in a contest clouded by the murder of anti-corruption candidate Fernando Villavicencio. More than 13 million Ecuadoreans are eligible to head to polls on Sunday to elect a replacement for…
(Reuters) – The head of the Maui Emergency Management Agency (MEMA) resigned on Thursday, citing health reasons, the Maui County government said on its Facebook page. MEMA Administrator Herman Andaya had come under criticism for his response to wildfires on the Hawaiian island that have killed at least 111 people. “Given the gravity of the…
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s economy likely grew 3.1% in the April-June quarter from a year ago, up from 2.7% in the previous quarter, driven by increased foreign tourist arrivals, according to the median forecast of 21 economists polled by Reuters. On a quarterly basis, gross domestic product (GDP) was forecast to have…
(Reuters) – Ford Motor is joining rival General Motors in the U.S. supercar ranks with the launch of the 2025 Mustang GTD, a limited-edition, high-performance hot rod priced from $300,000. In a quirky shift for a company that has committed billions of dollars to building millions of zero-emission electric vehicles, Ford’s newest offering is powered…
By Trevor Hunnicutt, Hyonhee Shin and Sakura Murakami WASHINGTON/SEOUL/TOKYO (Reuters) – When Yoon Suk Yeol this week commemorated his country’s 1945 independence from Japan, the South Korean president did not dwell on the brutal 35-year occupation his people endured under their neighbor. Instead, the 62-year-old leader, too young to remember the humiliations of Japanese rule,…
(Reuters) – Former U.S. President Donald Trump said on Thursday he had canceled a press conference scheduled for next week to release a report into the 2020 election in Georgia, saying his attorneys would put his arguments in court filings instead. Trump said earlier this week that he would hold the press conference on Monday…
(Reuters) – Argentina’s economy ministry said on Thursday it will freeze fuel prices until October 31 after an agreement with the industry as a measure to help tamp down triple-digit inflation. In a statement, the ministry said the government will cut taxes in exchange for the price freezes, but added that the tax benefits can…
