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Reuters

Dec 1, 2022, 5:29 AM

Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery Plant

Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.

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  Reuters | Dec 1, 2022

  Analysis-Musk's Bold Goal Of Selling 20 Million EVs Could Cost Tesla Billions

  Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed.

  4 mins read
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  Reuters | Dec 1, 2022

  Oil Prices Slide 1% After U.S. Fed Raises Interest Rates

  Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.

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  Reuters | Dec 1, 2022

  Russian Mobilization Hikes Urgency Of Oil Price Cap - Ukrainian Presidential Advisor

  Oleg Ustenko criticized updated European Union guidance on sanctions on Russian coal shipments that he said could enable companies to transport Russian coal to third countries, which was not in the original spirit of the deal.

  2 mins read
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  Reuters | Dec 1, 2022

  India Expects At Least $25 Billion Investment Under Semiconductor Incentive Scheme

  India is expecting to court a total investment of at least $25 billion as a result of its incentive scheme meant to boost local manufacturing of chip and display panels.

  1 min read
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  Reuters | Dec 1, 2022

  U.S. Senators Want Secondary Sanctions On Russian Oil

  Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

  2 mins read
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  Reuters | Dec 1, 2022

  Norway's Vianode Invests $194 Million In Battery Materials Plant

  Vianode will invest 2 billion Norwegian crowns in building a large-scale plant for sustainable battery materials in Norway.

  1 min read
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  Reuters | Dec 1, 2022

  India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump

  Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

  2 mins read
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  Reuters | Dec 1, 2022

  EU Eyes Oil Price Cap, More High-Tech Export Curbs In New Russia Sanctions - Report

  The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals.

  2 mins read