Latest News
Indian Rupee Could Hit 84-85/USD By March On Trade Deficit, Oil Woes -Elara Global
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.
France Orders Fuel Depot Strikers Back To Work, Union Vows To Challenge It
Oct 29, 2022 10:20 AM
The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.
Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany
Oct 29, 2022 10:20 AM
The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.
Oil Prices Rise 2% On Low Diesel Stocks Ahead Of Winter
Oct 29, 2022 10:20 AM
Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.
Indian EV Maker Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
Oct 29, 2022 10:20 AM
Euler Motors is expecting its order book to swell to 15,000 units by the end of the financial year from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar told Reuters.
Battery Maker ACC Picks Stellantis' Comau For Role In French Gigafactory
Oct 29, 2022 10:20 AM
ACC, a joint venture of Stellantis, Mercedes Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in France, Germany and Italy with a capacity of 40-gigawatt hours (GWh) each by 2030.
Honda To Build JV U.S. Battery Plant, Retool Ohio Plants
Oct 29, 2022 10:19 AM
Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.
SoftBank-backed tech unicorn Kavak expands in Middle East
Oct 29, 2022 10:19 AM
Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business.
PepsiCo Confirms Tesla Semi Truck Deliveries To Start In December
Oct 29, 2022 10:19 AM
PepsiCo 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.
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