Auto Industry

Reuters

Aug 7, 2022, 6:44 PM

U.S. Stocks Slip, Crude Slides As Soft Data Feed Recession Jitters

Wall Street ended a three-day winning streak and crude prices plunged as economic data from the U.S., Europe and China showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.

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  Reuters | Aug 7, 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
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  Reuters | Aug 7, 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
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  Reuters | Aug 7, 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
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  Reuters | Aug 7, 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.

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  Reuters | Aug 6, 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
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  Reuters | Aug 6, 2022

  Tesla Sets Aug 25 As Trading Day For Three-For-One Split Shares

  Tesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker's shareholders approved the proposal during its annual meeting.

  1 min read
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  Reuters | Aug 6, 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
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  Reuters | Aug 6, 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