By Timothy Gardner WASHINGTON (Reuters) -The Biden administration issued a final rule on Tuesday phasing down the use of gases known as hydroflourocarbons, or HFCs, used in refrigerators and air conditioners, in its latest step to curb emissions that cause climate change. The final rule implements a 40% reduction in use of HFCs below historic…
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…
(Reuters) – Bill Ackman questioned the valuation of Carl Icahn’s flagship firm as he took another jab at his old rival, whose company has become the target of short-seller Hindenburg Research. The billionaire investor said in a tweet on Wednesday that he was “fascinated” by the situation between the short seller and Icahn Enterprises, while…
TOKYO (Reuters) – Shares of Japan’s Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, a day after both unveiled earnings that fell short of expectations, as tech firms around the globe send a cautionary signal to investors. Shares of Nintendo were down 8.3% in early Tokyo trade, while SoftBank shares were down…
By Lucy Craymer WELLINGTON (Reuters) – A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown…
By Paul Lienert (Reuters) – General Motors will invest $81 million to build its future Cadillac Celestiq electric flagship sedan at GM’s Warren Technical Center, the company said on Wednesday. The Celestiq, which will share battery cells, motors and other components with the Cadillac Lyriq, is slated to begin production in the Detroit suburb in…
(Reuters) – CVS Health said on Wednesday it has eliminated about 5,000 non customer-facing roles as it seeks to rein in costs after a recent spree of acquisitions. CEO Karen Lynch said on an earnings conference call that the $496 million restructuring charge recorded during the second quarter was related to the job cuts and…
Shares were mostly lower in Asia on Wednesday, with markets in China, Japan and some other markets still closed for holidays. Hong Kong and Seoul fell more than 1% and oil prices were higher. On Tuesday, stocks closed modestly higher on Wall Street as investors waited for Wednesday’s decision by the Federal Reserve on interest…
ROSTOV-ON-DON/VORONEZH, Russia (Reuters) -Heavily armed Russian mercenaries withdrew from the southern Russian city of Rostov under a deal that halted their rapid advance on Moscow but raised questions on Sunday about President Vladimir Putin’s grip on power. Ending their short-lived mutiny, fighters of the Wagner group began heading back to their bases late on Saturday…
By Jacqueline Thomsen WASHINGTON (Reuters) – Former U.S. President Donald Trump and two of his employees are facing new charges in the criminal case over the retention of sensitive government records at Trump’s Mar-a-Lago estate in Palm Beach, Florida. Trump now faces 40 charges in the case, after originally being indicted on 37 counts last…
