Tag "3"

Taiwan's Foxconn plans $5 billion investment over five years in Indian facility

By Devidutta Tripathy MUMBAI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on Saturday signed a pact with India’s Maharashtra state to invest $5 billion over five years on a new electronics manufacturing facility. The announcement was made by Foxconn founder Terry Gou and Maharashtra Chief Minister Devendra Fadnavis after the signing of an accord in the state capital Mumbai. The

Oil down, heads for 6th weekly loss on gasoline glut

Traders and investors await Commodity Futures Trading Commission (CFTC) data at 3:30 p.m. EDT to determine if money managers again had slashed their bullish exposure to U.S. crude in the week to Aug 4. Government data showing U.S. gasoline stocks exceeded market estimates by about 300,000 barrels last week has pushed global oil benchmark Brent to six-month lows and U.S. crude to a 4-1/2-month trough since Wednesday.

Oil down, heads for 6th weekly loss on gasoline glut

Traders and investors await Commodity Futures Trading Commission (CFTC) data at 3:30 p.m. EDT to determine if money managers again had slashed their bullish exposure to U.S. crude in the week to Aug 4. Government data showing U.S. gasoline stocks exceeded market estimates by about 300,000 barrels last week has pushed global oil benchmark Brent to six-month lows and U.S. crude to a 4-1/2-month trough since Wednesday.