Auto Industry News
U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong Dollar
U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.
Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
May 31, 2022 08:36 PM
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
Indian Iron Ore And Steel Stocks Slump, Autos Rise After Export Tax Hikes
May 31, 2022 08:33 PM
Shares in Indian steel and iron ore groups including Tata Steel and JSW Steel slid on Monday at the steepest pace since early 2020 after the government imposed heavy export taxes on the sector, while carmakers rose on lower input costs.
Indian Shares Settle Higher On Auto, Tech Rally
May 31, 2022 08:30 PM
Indian shares ended higher for a third straight session on Monday, riding on gains in technology stocks and a surge in automaker Mahindra and Mahindra after strong quarterly earnings.
Serbia's Vucic Says Agreed 3-Year Gas Supply Contract With Putin
May 31, 2022 08:19 PM
Serbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin.
EU's Von Der Leyen Sees Progress In Talks With Hungary on Russian Oil Ban
May 31, 2022 08:15 PM
European Commission President Ursula von der Leyen said on Monday she had made progress in talks with Hungarian Prime Minister Viktor Orban on a possible EU-wide ban on Russian fossil fuels.
Russian Importers Seek Deals With India's Smaller Firms To Sidestep Sanctions
May 31, 2022 08:12 PM
Russian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.
Hungary's Orban Says EU Summit Should Not Discuss Oil Sanctions Next Week
May 31, 2022 08:10 PM
The EU's proposed new sanctions against Russia, including an oil embargo, should not be discussed at next week's summit of the bloc's leaders, Hungarian Prime Minister Viktor Orban said in a letter to the President of the European Council.
Two Senior Grab Executives Quit As Company Rejigs Unit To Stem Losses - Report
May 31, 2022 08:07 PM
Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
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