Auto Industry
Reuters
Oct 29, 2022, 10:21 AM
As Ford, General Motors Co and other companies began to realize they would need to step up investment over a longer period of time, "it was never clear what the financial returns were going to be" on automated vehicles, Evangelos Simoudis, an investor, author and corporate adviser
3 Min
Reuters | Oct 29, 2022Oil Prices Ease On Chinese Demand Data, Stronger DollarBrent crude futures for December delivery settled at $93.26 a barrel, down 24 cents, 0.3%, after rising 2% last week. U.S. West Texas Intermediate crude lost $84.58 a barrel, losing 47 cents, 0.6%. Both benchmarks had fallen by $2 a barrel earlier in the session.2 mins read
Reuters | Oct 29, 2022Nigeria Orders Final Seizure Of houses, Cars Of Former Oil MinisterAlison-Madueke was a key figure in the administration of former President Goodluck Jonathan who served as petroleum minister from 2010 to 2015. She has been dogged by corruption allegations since she left office but denies the charges.1 min read
Reuters | Oct 29, 2022Oil Rises On Strong Crude Demand, Despite China FearsFigures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S. dollar weakened in early trade on hopes that interest-rate hikes may become less aggressive.2 mins read
Reuters | Oct 29, 2022Tesla Cars Will Not Be Approved As Fully Self Driving This Year, Musk SaysTesla says the cars still need to be driven with human oversight.2 mins read
Reuters | Oct 29, 2022Oil Prices Settle Up; China Demand Hopes Outweigh Recession WorryTraders were squaring up positions ahead of the weekend after the WTI's November contract expiry, increasing volatility.2 mins read
Reuters | Oct 29, 2022Russia Poised To Largely Skirt New G7 Oil Price CapThe 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.5 mins read
Reuters | Oct 29, 2022Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara GlobalHigher-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
Reuters | Oct 29, 2022France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge ItThe 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
