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Mahindra & Mahindra Says Demand For Cars Outstripping Capacity
Mahindra and Mahindra Ltd said demand for its cars is outstripping production capacity as people rush to buy the automaker's popular SUVs.
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Monsoon Rains Dampen India's July Fuel Demand
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods.
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U.S. Stocks Slip, Crude Slides As Soft Data Feed Recession Jitters
Wall Street ended a three-day winning streak and crude prices plunged as economic data from the U.S., Europe and China showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.
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VinFast Hiring 8,000 Additional Employees To Boost Production
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.
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OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report
OPEC+ sees this year's oil market as slightly less supplied than previously thought.
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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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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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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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Tesla Sets Aug 25 As Trading Day For Three-For-One Split Shares
Tesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker's shareholders approved the proposal during its annual meeting.
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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."
Read More →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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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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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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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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