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Reuters
Jul 28, 2022, 2:15 PM
Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
3 Min
Reuters | Jul 28, 2022Oil Falls On Lackluster U.S. Summer Gasoline DemandOil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.2 mins read
Reuters | Jul 28, 2022Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.1 min read
Reuters | Jul 28, 2022S.Korea's LGES Plans New EV Battery Plant In EuropeTesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.3 mins read
Reuters | Jul 28, 2022UK's BII To Invest In New Mahindra EV Unit At $9 Billion Valuation, Shares SoarBII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). The unit will be wholly owned by Mahindra, the company said in a statement.1 min read
Reuters | Jul 28, 2022Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.2 mins read
Reuters | Jul 28, 2022Global Equities Waver, Oil Falls Amid Recession FearsThe dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.3 mins read
Reuters | Jul 28, 2022Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billionJapan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.3 mins read
Reuters | Jul 28, 2022U.S. And Japanese Insurers Back Autonomous Vehicle Firm May MobilityThe funding will allow May Mobility to continue work with Toyota Motor Corp on self-driving people movers, May Mobility said in a statement. May said it is aiming to take human drivers out of vehicles in commercial operation by next year.1 min read
