Auto Industry

Reuters

Aug 29, 2022, 10:52 PM

Oil Edges Off Low As Strong Export Demand Drains U.S. Crude Stocks

Oil prices rose about 1.5% after hitting a six-month low, as a steeper-than-expected drawdown in U.S. crude stocks outweighed concerns over rising Russian output and exports as well as recession fears.

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  Reuters | Aug 29, 2022

  India 10-Year Bond Yield Sees Biggest Drop In 2 Months Tracking Oil

  Indian government bond yields declined, with the 10-year notes posting its biggest single day drop in two months in line with the slump in oil.

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  Reuters | Aug 29, 2022

  US Tells India That Indian Ship Used To Reroute Russian-Linked Fuel To New York

  U.S. has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers.

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  Reuters | Aug 29, 2022

  Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil Fire

  Maduro said that Venezuela would support Cuba in the reconstruction of its only supertanker port in Matanzas, which was partially destroyed by a fire after lightning struck one of the its crude tanks.

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  Reuters | Aug 29, 2022

  Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost Security

  The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy.

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  Reuters | Aug 29, 2022

  Infineon Quarterly Revenue Beats, Lifts 2022 Outlook On Chip Demand

  Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors.

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  Reuters | Aug 29, 2022

  As US Eyes New China Chip Curbs, Turmoil Looms For Global Market

  Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.

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  Reuters | Aug 29, 2022

  Tesla Cuts Delivery Waiting Time For Model Y In China To A Minimum Of 4 Weeks

  Electric auto giant Tesla said it has slashed the delivery waiting time for its Model 3 and Model Y cars in China as it ramps up output at its Shanghai plant after upgrading production lines.

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  Reuters | Aug 29, 2022

  U.S. Extends Public Input On GM, Ford Self-Driving Petitions

  U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.

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