Auto Industry
Reuters
Dec 31, 2022, 4:34 PM
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.
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Reuters | Dec 31, 2022India Probes Possible Misappropriation Of Incentives By EV MakersIndia is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.1 min read
Reuters | Dec 31, 2022Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy WiltsEU 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.4 mins read
Reuters | Dec 31, 2022Oil Rises On Hopes For China's Economy; Recession Fears Limit GainsChina, 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
Reuters | Dec 31, 2022World Shares Extend Rout, Oil Prices Drop On Recession WorriesThe 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
Reuters | Dec 31, 2022Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest RatesAfter 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
Reuters | Dec 31, 2022Oil Prices Climb By $2 Amid Forecasts For 2023 Demand UptickBrent 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
Reuters | Dec 31, 2022Russia Replaces Iraq As Top Oil Supplier To India In NovemberIndia'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
Reuters | Dec 31, 2022Oil Rises To Over $80/bbl As Dollar Slumps On Slowing InflationThe market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.2 mins read
