Auto Industry

Reuters

Oct 27, 2022, 1:27 PM

Foxconn Shares Rise After Offering Cautiously Optimistic Q4 Outlook

Foxconn's shares rose 3% after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.

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  Reuters | Oct 27, 2022

  Stellantis Boss Expects Chip Supply To Remain 'Complicated' Until End 2023

  Tavares expects the semiconductor supply chain to remain tight until the end of next year.

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  Reuters | Oct 27, 2022

  Oil Prices Inch Lower Ahead Of OPEC+ Talks On Supply Cut

  Oil prices moderated very slightly after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.

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  Reuters | Oct 27, 2022

  Intel's Mobileye files for listing in first sign of thawing tech IPO market

  Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

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  Reuters | Oct 27, 2022

  India Pushes Oil Refiners To Diversify After Surprise OPEC+ Cuts

  As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.

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  Reuters | Oct 27, 2022

  CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags On

  Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

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  Reuters | Oct 27, 2022

  Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge

  Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.

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  Reuters | Oct 27, 2022

  Ecuador Private Oil Pipeline Reports Spill Following Vandalism

  The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.

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  Reuters | Oct 27, 2022

  CGT Union Votes To Continue Strike At TotalEnergies' French Refineries

  Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

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