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Reuters
Oct 29, 2022, 10:20 AM
Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.
2 Min
Reuters | Oct 29, 2022PepsiCo Confirms Tesla Semi Truck Deliveries To Start In DecemberPepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory in Sacramento. PepsiCo has been aiming to reduce fuel costs and emissions, and reserved 100 of the trucks in 2017.2 mins read
Reuters | Oct 29, 2022Oil Falls By Nearly 2% As Recession Fears Outweigh Tight Supply ProspectsOil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy.2 mins read
Reuters | Oct 29, 2022Battery Maker Envision AESC Seeking Potential Investors To Fund ExpansionJapan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.2 mins read
Reuters | Oct 29, 2022Hyundai's Air Taxi Unit Picks Honeywell As Avionics SupplierUnder the collaboration, Honeywell will work with Supernal, Hyundai's U.S.-based eVTOL firm, to explore integration of the aerospace supplier's 'Anthem' flight deck into the air taxis, which are slated to enter commercial service in 2028.1 min read
Reuters | Oct 29, 2022Slovakia's InoBat Eyes Electric Car Battery Plant In SpainThe declaration is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year.1 min read
Reuters | Oct 29, 2022BMW Invests $1.7 Billion To Build Electric Vehicles In U.SBMW said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.2 mins read
Reuters | Oct 29, 2022India Pushes Oil Refiners To Diversify After Surprise OPEC+ CutsAs the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.2 mins read
Reuters | Oct 29, 2022CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags OnDespite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.3 mins read
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