Auto Industry
Reuters
Aug 29, 2022, 10:53 PM
The leaders of Serbia and Kosovo failed to resolve differences fuelling tension between the estranged Balkan neighbours during talks, but they agreed to resume discussions ahead of a Sept. 1 deadline that could stoke further unrest.
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Reuters | Aug 29, 2022Oil Edges Off Low As Strong Export Demand Drains U.S. Crude StocksOil 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.2 mins read
Reuters | Aug 29, 2022India 10-Year Bond Yield Sees Biggest Drop In 2 Months Tracking OilIndian 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.2 mins read
Reuters | Aug 29, 2022US Tells India That Indian Ship Used To Reroute Russian-Linked Fuel To New YorkU.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.1 min read
Reuters | Aug 29, 2022Venezuela To Support Reconstruction Of Cuban Port Damaged By Oil FireMaduro 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.1 min read
Reuters | Aug 29, 2022Amid Energy Crisis, EU Plans To Help Gas-Rich Mozambique Boost SecurityThe 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.3 mins read
Reuters | Aug 29, 2022Infineon Quarterly Revenue Beats, Lifts 2022 Outlook On Chip DemandInfineon, 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.1 min read- Reuters | Aug 29, 2022As US Eyes New China Chip Curbs, Turmoil Looms For Global MarketExport 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.4 mins read
Reuters | Aug 29, 2022Tesla Cuts Delivery Waiting Time For Model Y In China To A Minimum Of 4 WeeksElectric 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.1 min read
