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The debut comes after a turbulent period when Mobileye settled for merely a third of the $50 billion valuation it was targeting earlier in its IPO.

Intel's Mobileye Unit Valued At $22 Billion As Shares Cruise Higher

Oct 29, 2022 02:40 PM

2 mins read

The debut comes after a turbulent period when Mobileye settled for merely a third of the $50 billion valuation it was targeting earlier in its IPO.

Truck Maker Volvo To Build Battery Modules Plant In Belgium

By Reuters

Oct 29, 2022 02:35 PM

The new manufacturing line would be able to use battery cells both from partners and from a planned battery cell plant in Sweden.

Western Officials Finalizing Plans For Russia Oil-Price Cap

By Reuters

Oct 29, 2022 10:26 AM

Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.

Oil Jumps About $4 As OPEC+ Weighs Biggest Output Cut Since 2020

By Reuters

Oct 29, 2022 10:25 AM

Oil prices jumped nearly $4 a barrel as OPEC+ considered reducing output by more than 1 million barrels per day (bpd).

Two Oil Wells Operated By Nigeria's Eroton On Fire - Report

By Reuters

Oct 29, 2022 10:25 AM

Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday.

U.S. Asks Congo To Pull Some Oil Blocks From Auction To Protect Forests

By Reuters

Oct 29, 2022 10:25 AM

U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests.