Latest News

Reuters

Dec 31, 2022, 5:19 PM

Oil Prices Climb On Tight Supply Worries

Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.

2 Min

• 
  Reuters | Dec 31, 2022

  Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand

  Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.

  2 mins read
• 
  Reuters | Dec 31, 2022

  Oil Rises 4% On Supply Threats, Still Set For Weekly Drop

  Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.

  3 mins read
• 
  Reuters | Dec 31, 2022

  U.S. Commerce Aims To Seek Chips Funding Proposals By February

  The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

  2 mins read
• 
  Reuters | Dec 31, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Report

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

  1 min read
• 
  Reuters | Dec 31, 2022

  Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks

  The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

  3 mins read
• 
  Reuters | Dec 31, 2022

  Oil Climbs Ahead Of OPEC+ Meeting Next Week

  Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.

  3 mins read
• 
  Reuters | Dec 31, 2022

  SoftBank Plans $35 Million Bet On India's GoMechanic - Report

  Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.

  2 mins read
• 
  Reuters | Dec 31, 2022

  GM Startup Cruise Recalls And Revises Self-Driving Software After Crash

  General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.

  3 mins read