Auto Industry

Reuters

Oct 29, 2022, 10:20 AM

Russia Poised To Largely Skirt New G7 Oil Price Cap

The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.

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  Reuters | Oct 29, 2022

  Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global

  Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.

  2 mins read
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  Reuters | Oct 29, 2022

  France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It

  The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.

  3 mins read
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  Reuters | Oct 29, 2022

  Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany

  The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.

  3 mins read
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  Reuters | Oct 29, 2022

  Oil Prices Rise 2% On Low Diesel Stocks Ahead Of Winter

  Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.

  2 mins read
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  Reuters | Oct 29, 2022

  Honda To Build JV U.S. Battery Plant, Retool Ohio Plants

  Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.

  2 mins read
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  Reuters | Oct 29, 2022

  SoftBank-backed tech unicorn Kavak expands in Middle East

  Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.

  2 mins read
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  Reuters | Oct 29, 2022

  PepsiCo Confirms Tesla Semi Truck Deliveries To Start In December

  PepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.

  2 mins read
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  Reuters | Oct 29, 2022

  Toshiba India To Supply Batteries For EVage's Electric Vans

  This is the first deployment of lithium titanium oxide (LTO) cells into commercial delivery vans and will help EVage vehicles with battery safety and performance, the companies said.

  1 min read