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Reuters
Dec 31, 2022, 11:46 AM
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
2 Min
Reuters | Dec 31, 2022Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.STaiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.2 mins read
Reuters | Dec 31, 2022Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYDThe sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%1 min read
Reuters | Dec 31, 2022U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit UseThe $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.2 mins read
Reuters | Dec 31, 2022Oil Muted As Price Cap Proposal Eases Supply ConcernsA bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.2 mins read
Reuters | Dec 31, 2022Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's OilUkraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.2 mins read
Reuters | Dec 31, 2022Oil Prices Fall 2% As Chinese Demand Worries LingerU.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.2 mins read
Reuters | Dec 31, 2022OPEC+ Meeting To Take Into Account Market Conditions: ReportOPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.1 min read
Reuters | Dec 31, 2022India Shares Defy Global Weakness, On Oil Slide To Close At New RecordThe NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.1 min read
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Car News
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Electric Mobility
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Auto Industry
Seshan Vijayraghvan | Jun 29, 2021Over 70% Used Cars In India Are Sold For Under Rs. 5 Lakh: StudyMarket research firm Frost & Sullivan's new 'Indian Pre-owned Car Market Study' says that over 70 per cent of used cars in India are sold under the Rs. 5 lakh margin.1 min read
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Reuters | Jun 28, 2021China's Automaker Great Wall Aims To Sell 4 Million Cars In 2025Great Wall, which sold 1.1 million cars last year, aims for 80 per cent of its annual sales in 2025 to be new energy vehicles, including battery-electric, plug-in hybrid and hydrogen fuel cell vehicles.1 min read
car&bike Team | Jun 28, 2021Chinese Automaker Geely Auto Scraps STAR Market Listing PlanChina's Geely Automobile Holdings Ltd said on Friday it is dropping plans to list new shares on the mainland's Nasdaq-like STAR Market.1 min read
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