About Reuters
Articles of Reuters
India Hikes Taxes On Fuel Exports, Slashes Windfall Tax On Local Crude
India raised fuel export taxes despite only cutting them a little over two weeks ago, and slashed a windfall tax on locally produced crude oil, according to a government notification.
Read More →
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Read More →
Oil Dips As Slowdown Worries Limit Price Gains
Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.
Read More →
SAIC Motor's Ridehailing Unit Raises 1 Billion Yuan In Series B Funding
Momenta's investment in SAIC's ridehailing unit comes as startups have been pouring billions of dollars into autonomous technology, aiming to take an early lead in commercializing autonomous driving
Read More →
Judge Orders Twitter To Give Elon Musk Former Executive's Documents
Twitter Inc needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a court order.
Read More →
India Buys Discounted Venezuelan Petcoke To Replace Coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not specifically targeted by U.S. sanctions.
Read More →
Oil Reverses Losses, Demand Concerns Persist
Oil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.
Read More →SAIC Motor's Robotaxi Unit Raises 1 Billion Yuan In Series B Funding
A robotaxi unit of China’s state-owned SAIC Motor has raised more than 1 billion yuan ($147.37 million) in a second round of fundraising from its autonomous technology partner Momenta and several other institutions, according to a Momenta statement and a person familiar with the matter.
Read More →
EV Maker Faraday Future To Raise Up To $600 Million In Funding
EV startups that promised to disrupt the auto industry by using a technology-heavy approach to their vehicle designs are now scrambling to secure fresh lines of cash and cut costs due to rising commodity prices.
Read More →
Arrival To Delay Spending On Bus Project After Posting Wider Loss
British electric vehicle start-up Arrival SA reported a wider quarterly loss on Thursday and said it would delay spending on its bus project as it looks to secure more capital, sending its U.S-listed shares down 13%.
Read More →
India Shares Close At Near 4-Month High As Metals, Autos Gain
Indian shares closed at a near four-month high on Monday, led by metals and automobile stocks, as cooling oil prices and strong buying from foreign investors lifted sentiment.
Read More →
Two Lawmakers Ask U.S. Regulator About Tesla Crashes, Safety Probes
Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Inc electric vehicles using Autopilot and advanced driver assistance systems, according to a letter seen by Reuters.
Read More →
EU, South Korea Say U.S. Plan For EV Tax Breaks May Breach WTO Rules
The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate against foreign-made vehicles and breach World Trade Organization (WTO) rules.
Read More →
China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMW
China's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
Read More →Oil Falls 2% On Expectations That U.S. Gulf Supply Disruption Will Ease
Oil prices plunged around 2%, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.
Read More →
Russia-Backed Indian Refiner Nayara Energy Posts Record Profit
India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.
Read More →
Automakers Scramble To Decode New U.S. EV Tax Credits
U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs).
Read More →
EV Startup Fisker Explores Higher Production In 2023, U.S. Manufacturing
Fisker Inc said it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the Ocean SUV, in the second half of 2023.
Read More →
Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVs
Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.
Read More →Oil Drops With Dollar On Recession Fears; Wall Street Ends Mixed
Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn and ahead of key a hotly anticipated U.S. employment report.
Read More →
