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Indian Oil Corp To Issue Short-Term CP - Report
Indian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month.
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Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears
Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.
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Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks
Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.
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VinFast Hiring 8,000 Additional Employees To Boost Production
Vietnam's VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year, company said.
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Oil Prices End Week On Multi-Month Lows On Recession Fears
Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.
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Twitter Rejects Musk's Claims That He Was Hoodwinked
Twitter Inc dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."
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Tesla Shareholders Broadly Follow Board Recommendations At Annual Meeting
Tesla Inc shareholders voted for board recommendations on most issues at the company's annual meeting, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.
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Biden To Sign Bill To Boost Chipmakers, Compete With China Aug. 9 - White House
President Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said.
Read More →Oil Prices Rise From Multi-Month Lows On Supply Concerns
Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.
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Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.
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Indian Automaker Mahindra & Mahindra Enjoys Strong First Quarter As COVID Restrictions Ease
Mahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.
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Elon Musk's Twitter Countersuit Due By Friday As Acrimony Grows
Twitter Inc and Elon Musk, who are suing each other over the world's richest person's effort to exit their $44 billion merger, couldn't even agree on how much to tell the public about their dispute.
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Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build
Oil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).
Read More →Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month Low
Oil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.
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GM Doubles Miles Open To Its Super Cruise Technology
GM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.
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BorgWarner To Buy Rhombus In Latest EV Charging Deal
BorgWarner said it would buy electric-vehicle charging provider Rhombus Energy Solutions, the latest deal in the sector as sales of eco-friendly vehicles boom.
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India Cuts Fuel Export Taxes, Hikes Tax On Local Crude
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil
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Toyota-Panasonic Battery JV To Buy Lithium From ioneer's Nevada Mine
A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.
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Toyota Unit Falsified Emissions Data From At Least 2003, Probe Finds
A major affiliate of Japan's Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed recently.
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Uber Turns Cash Flow Positive For The First Time, Shares Surge
Uber Technologies Inc reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
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