Latest News
Oil Prices Climb On Tight Supply Worries
Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Dec 1, 2022 05:34 AM
Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.
Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Dec 1, 2022 05:34 AM
Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.
Oil Rises 4% On Supply Threats, Still Set For Weekly Drop
Dec 1, 2022 05:33 AM
Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.
U.S. Commerce Aims To Seek Chips Funding Proposals By February
Dec 1, 2022 05:33 AM
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
India's BPCL Plans To load Sokol Cargo In Sept - Report
Dec 1, 2022 05:32 AM
Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.
India Asks Amazon To Remove Seatbelt Alarm Blockers In Road Safety Push
Dec 1, 2022 05:32 AM
The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks.
Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks
Dec 1, 2022 05:32 AM
The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.
Oil Climbs Ahead Of OPEC+ Meeting Next Week
Dec 1, 2022 05:32 AM
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
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