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Reuters

Dec 21, 2022, 12:51 AM

Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts

EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.

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  Reuters | Dec 21, 2022

  Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains

  China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.

  2 mins read
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  Reuters | Dec 21, 2022

  World Shares Extend Rout, Oil Prices Drop On Recession Worries

  The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.

  3 mins read
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  Reuters | Dec 21, 2022

  Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest Rates

  After rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.

  2 mins read
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  Reuters | Dec 21, 2022

  Oil Prices Climb By $2 Amid Forecasts For 2023 Demand Uptick

  Brent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.

  2 mins read
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  Reuters | Dec 21, 2022

  Russia Replaces Iraq As Top Oil Supplier To India In November

  India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.

  2 mins read
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  car&bike Team | Dec 21, 2022

  Audi To Manufacture Electric Vehicles At All Plants From 2029

  Carmaker plans to cease the manufacturing of internal combustion models by 2033.

  2 mins read
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  car&bike Team | Dec 20, 2022

  Jawa Yezdi Partners With State Bank Of India To Offer Finance Options

  The partnership with State Bank of India is aimed at increasing sales and to ensure a wide availability of funding and financing programs for the company’s channel partners as well as customers across India.

  1 min read
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  car&bike Team | Dec 20, 2022

  Hero XPulse 200T 4V Launched In India; Priced At Rs. 1.26 Lakh

  Hero MotoCorp launched the updated XPulse 200T in India at Rs. 1,25,726 (ex-showroom, Mumbai).

  1 min read