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Honda will start producing a new hydrogen fuel cell system co-developed with GM

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TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …

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Adani drops $2.5bn share sale in blow to Indian tycoon

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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks …

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Adani loses Asia’s richest crown as stock rout worsens to $84bn

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BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person Wednesday’s stock losses saw Adani slip to 15th on …

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Exxon smashes the profits of Western oil majors with $56 billion in 2022

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HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, bringing in around $6.3 million per hour last year and setting not just a corporate record, but a historic record for the Western oil industry. The oil majors are expected to break their …

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US seeks Tesla driver assistance documents; the company increases its investment forecast

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WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department had sought documents related to its self-driving (FSD) and Autopilot assistance systems as the regulatory scrutiny intensifies. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD …

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Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy this week – sources

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NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as early as this week and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the issue said Monday. The timing of any bankruptcy filing was in flux Monday …

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Crucial sale of Adani shares 85% subscribed as institutions inject funds

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MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …

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Oil drops ahead of OPEC+ and US Federal Reserve meetings

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SINGAPORE, Jan 30 (Reuters) – Oil prices fell on Monday, abandoning earlier gains as global producers this week are likely to keep output unchanged at a meeting this week and investors are cautious ahead of a Reserve meeting federal government which could stimulate market volatility. . Brent crude futures fell 20 cents, or 0.2%, to …

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