Auto Industry
Reuters
Aug 30, 2022, 5:38 AM
Yemen's HSA Group became the first private entity to pledge funds for a United Nations operation to avoid an oil spill from a tanker stranded off the coast of Yemen, as the U.N. urgently tries to secure an initial requirement of $80 million.
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Reuters | Aug 30, 2022Exclusive-Major Traders, Banks Cut Business Ties With Russia-Backed Indian Refiner -SourcesMany global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.2 mins read
Reuters | Aug 30, 2022India Bond Yields End Up, High Oil Prices Stir Inflation WoesIndian government bond yields ended higher for a fifth consecutive session, as crude at $100 raised fears inflation may stay elevated.1 min read
Reuters | Aug 30, 2022India's Chennai Petroleum Corp Forms Joint Venture For $4 Billion RefineryChennai Petroleum Corp Ltd said it has formed a joint venture with its parent company Indian Oil Corp and others to build a 9 MMTPA refinery at a cost of 315.80 billion rupees ($3.95 billion) in southern Tamil Nadu state.1 min read
Reuters | Aug 30, 2022Indonesia To Shift $1.6 Billion Portion Of Fuel Subsidy Budget To Welfare ProgrammesIndonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said.1 min read
Reuters | Aug 30, 2022In Poland, Where Coal Is King, Homeowners Queue For Days To Buy FuelIn Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.3 mins read
Reuters | Aug 30, 2022India's Reliance Unveils $9.4 Billion Plan To Boost Oil To ChemicalsReliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.2 mins read
Jaiveer Mehra | Aug 30, 20222022 Ducati Panigale V4, V4 S, V4 SP2 Launched In India; Prices Start At Rs 26.49 LakhThe 2022 Panigale range gets a number of updates over the 2021 bike including changes to the engine and a new gearbox.2 mins read
Reuters | Aug 29, 2022Factbox-Automakers Accelerate Drive To Secure Battery Raw MaterialsRising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.4 mins read
