About Reuters
Articles of Reuters
Oil Prices Settle Up; China Demand Hopes Outweigh Recession Worry
To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday in comments that weighed on oil.
Read More →
Russia Poised To Largely Skirt New G7 Oil Price Cap
The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.
Read More →
Amazon.com To Invest Over 1 Billion Euros In European Electric Van, Truck Fleet
The company did not say what percentage of its European last-mile delivery fleet is electric today, but said those 3,000 zero-emission vans delivered over 100 million packages in 2021.
Read More →
Chinese EV Battery Maker CATL Expects Q3 Profit To Nearly Triple
The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales.
Read More →
Musk Says Excited By Twitter Deal Despite Overpaying
Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.
Read More →
ABB Reports Record Margin In Q3 As Demand Stays Strong
The maker of industrial drives and electric ship motors said on Thursday its core operating profit margin increased by 1.5 percentage points to 16.6%, the highest since the Swiss company was founded in 1988.
Read More →
Mercedes Says Comprehensive Trade Deal With EU Could Make India An Export Hub
In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023. Talks began in 2007, but were frozen in 2013 due to lack of progress on issues including EU demands for greater access to Indian markets for its cars.
Read More →
Musk's Advice To Younger Self: 'Stop And Smell The Roses'
At the company's 'AI Day' event Elon Musk was asked what would he tell his younger self.
Read More →
India's Euler Motors Raises $60 Million In GIC Singapore-Led Funding Round
Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
Read More →
Boosting EU Chip Supplies, Stmicroelectronics Plans New Plant In Italy
As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.
Read More →
Buffet-Backed BYD Taps India As Latest Market Amid Global Push
BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.
Read More →
Toyota Launches Pilot Project For Flex Fuel Vehicle In India
The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.
Read More →
As EV Sales Grow, Battle Over U.S. Road Weight Limits Heats Up
Even before a recent spike in EV sales, U.S. roads have been carrying heavier loads, as cars and trucks climbed from an average of 3,200 pounds (1,451 kilos) to 4,200 pounds over the last four decades, according to the Environmental Protection Agency.
Read More →
Musk, Twitter Could Reach Deal To End Court Battle, Close Buyout Soon: Report
Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.
Read More →
Two Oil Wells Operated By Nigeria's Eroton On Fire - Report
Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday.
Read More →U.S. Asks Congo To Pull Some Oil Blocks From Auction To Protect Forests
U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests.
Read More →
Oil Jumps About $4 As OPEC+ Weighs Biggest Output Cut Since 2020
Oil prices jumped nearly $4 a barrel as OPEC+ considered reducing output by more than 1 million barrels per day (bpd).
Read More →
French Refinery Strike Continues At Four Sites For Eighth Day
Strikes have disrupted TotalEnergies' oil products refining and delivery for an eighth day.
Read More →
U.S. Treasury Seeks Phased G7 Oil Sanctions As EU Ban Looms
G7 sanctions on Russia will target its oil and products in three phases.
Read More →
RBI Sells Dollars As Rising Oil Prices Push Rupee To Near Record Low - Report
The Indian central bank likely sold dollars via state-run banks.
Read More →
