Auto Industry

Reuters

Aug 29, 2022, 11:42 AM

Monsoon Rains Dampen India's July Fuel Demand

Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods.

1 Min

• 
  Reuters | Aug 29, 2022

  VinFast Hiring 8,000 Additional Employees To Boost Production

  VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year.

  1 min read
• 
  Reuters | Aug 29, 2022

  OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report

  OPEC+ sees this year's oil market as slightly less supplied than previously thought.

  1 min read
• 
  Reuters | Aug 29, 2022

  Indian Oil Corp To Issue Short-Term CP - Report

  Indian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month.

  1 min read
• 
  Reuters | Aug 29, 2022

  Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears

  Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

  2 mins read
• 
  Reuters | Aug 29, 2022

  Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks

  Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.

  2 mins read
• 
  Reuters | Aug 29, 2022

  VinFast Hiring 8,000 Additional Employees To Boost Production

  Vietnam's VinFast is looking to hire 8,000 more employees for its electric-vehicle plant in Vietnam as it ramps up production to deliver its first battery-powered SUVs to the United States by the end of this year, company said.

  1 min read
• 
  Reuters | Aug 29, 2022

  Oil Prices End Week On Multi-Month Lows On Recession Fears

  Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.

  2 mins read
• 
  Reuters | Aug 29, 2022

  Twitter Rejects Musk's Claims That He Was Hoodwinked

  Twitter Inc dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."

  2 mins read