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Middle East Crude-Benchmarks climb further after OPEC+ extend cuts

Middle East Crude-Benchmarks climb further after OPEC+ extend cuts SINGAPORE, March 4 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban extended gains for a second session on Monday after OPEC+ stretched their voluntary output cuts until the end of June and as Russia pledged to reduce more supply. In the derivatives market, open interest volume for March Dubai jumped above 142,000 lots, traders and analysts said, levels not seen in recent months.
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Asia Fuel Oil-VLSFO cash premium extends drop to seven-week low

Asia Fuel Oil-VLSFO cash premium extends drop to seven-week low SINGAPORE, March 4 (Reuters) - Cash premium for very low sulphur fuel oil slipped further to a seven-week low in Asia on Monday as lower-priced offers emerged. The premium dropped to $3.44 a metric ton, extending declines to a fourth straight session. High sulphur fuel oil was steady, with the 380-cst cash differential little changed at a discount of $3.50 a ton, though front-month contango spreads for both 180-cst and 380-cst grade
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Japan futures reverse gains amid overbuying correction, higher inventories

RUBBER-Japan futures reverse gains amid overbuying correction, higher inventories Updates closing prices, adds details throughout SINGAPORE, March 4 (Reuters) - Japanese rubber futures reversed gains to close lower on Monday amid the correction of an earlier overbu ying condition and inventories that scaled to a three-month high. The Osaka Exchange (OSE) rubber contract for August delivery JRUc6 , 0#2JRU: closed down 2.5 yen, or 0.83%, at 298.3 yen ($1.98) per kg, but still logged a two-day high
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Japan futures rise on fresh Nikkei record, higher oil prices

RUBBER-Japan futures rise on fresh Nikkei record, higher oil prices SINGAPORE, March 4 (Reuters) - Japanese rubber futures rose on Monday, as investors gauged higher oil prices and strong performances in Nikkei index that surpassed the 40,000-point mark, although gains were limited as rubber inventories scaled to a three-month high. The Osaka Exchange (OSE) rubber contract for August delivery JRUc6 , 0#2JRU: was up 1.2 yen, or 0.4%, at 302 yen ($2.01) per kg, as of 0152 GMT.
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Toyota to invest $2 billion in Brazil, says Brazilian vice-president

UPDATE 1-Toyota to invest $2 billion in Brazil, says Brazilian vice-president Recasts text with details released by Brazil's vice-president SAO PAULO, March 3 (Reuters) - Japanese auto maker Toyota 7203.T will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday.
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Toyota to announce $2 billion investment in Brazil this month -local media

Toyota to announce $2 billion investment in Brazil this month -local media SAO PAULO, March 3 (Reuters) - Japanese auto maker Toyota 7203.T this month will announce an 11 billion real ($2.2 billion) investment in Brazil, local newspaper O Globo reported on Sunday. Toyota said in a statement it not comment on potential future plans. The investment would include an expansion of Toyota's factory in the city of Sorocaba in Sao Paulo state, where it will start to make a hybrid car and a sport utility
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Volkswagen expects slower sales growth as economic outlook dims

UPDATE 3-Volkswagen expects slower sales growth as economic outlook dims Expects 2024 sales to grow by up to 5% Expects 2024 operating margin of 7.0%-7.5% Shares -4.6% Adds details on results, investments, context By Christoph Steitz and Christina Amann FRANKFURT/BERLIN, March 1 (Reuters) - Volkswagen VOWG_p.DE forecast on Friday that sales growth would slow in 2024, joining competitors in warning of a weaker economic outlook, rising competition and higher costs.
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Europe's STOXX 600 hits record high in strong start to March

UPDATE 2-Europe's STOXX 600 hits record high in strong start to March For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Grifols' jumps after new 2024 cash flow target Daimler Truck jumps on investor cash haul, 2024 earnings outlook K+N's operating profit halves, Red Sea crisis to impact Q2 Goldman Sachs pushes back ECB rate-cut call to June Updated at 1650 GMT By Ankika Biswas and Khushi Singh March 1 (Reuters) - Europe's benchmark index h
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Kenya new car sales plunge 15% in 2023 on new taxes, weaker currency

Kenya new car sales plunge 15% in 2023 on new taxes, weaker currency NAIROBI, March 1 (Reuters) - The number of new vehicles sold in Kenya dropped 15% in 2023, data from an industry association showed, as new taxes and a weaker currency curbed demand. Although the East African nation's car market is dominated by used imports from Japan, it has been attracting investments from global car makers such as Volkswagen VOWG_p.DE in recent years, buoyed by the government's attempts to boost local assemb
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Xpeng jumps on Volkswagen tie-up for producing electric SUV; rivals climb

BUZZ-Xpeng jumps on Volkswagen tie-up for producing electric SUV; rivals climb ** Hong Kong-listed shares of Chinese electric vehicle (EV) maker XPeng Inc 9868.HK jump 8.4% to HK$38.90, their highest since Jan 18 ** Stock on course for a second session of gains, if trend holds ** XPeng shares post biggest intraday pct rise since Aug 28, and are the
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US to probe if Chinese cars pose national data security risks

UPDATE 4-US to probe if Chinese cars pose national data security risks Adds trade group comment paragraphs 8,9, Chinese foreign ministry comment from Friday in paragraphs 13,14, background paragraphs 17,18 By David Shepardson WASHINGTON, Feb 29 (Reuters) - The United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about "connected" car technology, the White House said on Thursday.
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Volkswagen, Xpeng say first jointly made car will be electric SUV

UPDATE 2-Volkswagen, Xpeng say first jointly made car will be electric SUV Recasts; adds quotes, context throughout By Sarah Wu and Echha Jain Feb 29 (Reuters) - German automaker Volkswagen VOWG_p.DE and Chinese electric vehicle (EV) partner XPeng 9868.HK on Thursday said the first car they plan to develop together will be an SUV for which they will jointly source parts.
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Automakers question feasibility of California 2035 EV sales mandate plan

UPDATE 2-Automakers question feasibility of California 2035 EV sales mandate plan Adds California statement, other details By David Shepardson WASHINGTON, Feb 28 (Reuters) - Major automakers said on Wednesday that a California plan to end the sale of gasoline-only vehicles by 2035 might be unworkable in 11 other states that adopted it, citing insufficient consumer demand.
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EU lawmakers back draft rules on patents for connected cars, telecom equipment

UPDATE 1-EU lawmakers back draft rules on patents for connected cars, telecom equipment Adds comments from lobbying groups IP Europe, Fair Standards Alliance, details By Foo Yun Chee BRUSSELS, Feb 28 (Reuters) - EU lawmakers on Wednesday approved draft rules governing patents key to technologies for telecom equipment and connected cars in the face of criticism from Nokia NOKIA.HE , Ericsson ERICb.ST and other patent holders.
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REUTERS NEWS SCHEDULE AT 11 a.m. GMT/6 a.m. ET

REUTERS NEWS SCHEDULE AT 11 a.m. GMT/6 a.m. ET Here are the top stories and upcoming coverage plans for Reuters text service as of 11 a.m. GMT/6 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES GLOBAL ISRAEL-PALESTINIANS/ Biden says Israel is ready to pause Gaza fighting; Hamas says deal not done yet DUBAI/WASHINGTON/CAIRO, Feb 27 (Reuters) - Israel is ready to halt its Gaza attacks for the Muslim holy month of Ramadan in a ceasefire
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Volkswagen Group's Skoda eyes larger pie in India with new small SUV

REFILE-Volkswagen Group's Skoda eyes larger pie in India with new small SUV Corrects paragraph 2 to say 2026, not fiscal 2026 BENGALURU, Feb 27 (Reuters) - Volkswagen Group-owned Skoda's Indian unit on Tuesday said it will launch a small sport utility vehicle (SUV) by the second half of 2025 as it looks to take on larger rivals Tata Motors TAMO.NS and Hyundai 005380.KS in the country's fastest-growing segment.
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Renault leads Europe's EV defence in Geneva as Chinese rivals expand

WRAPUP 2-Renault leads Europe's EV defence in Geneva as Chinese rivals expand Adds comments from Renault CEO on automaker cooperation, EU regulation in paragraphs 5 to 7 By Gilles Guillaume and Nick Carey GENEVA, Feb 26 (Reuters) - Renault RENA.PA and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from legacy European rivals.
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Chinese EV maker Nio announces tech licensing deal with Forseven

UPDATE 1-Chinese EV maker Nio announces tech licensing deal with Forseven Adds agreement details in paragraphs 2-3, context in paragraph 4 BEIJING, Feb 26 (Reuters) - Chinese electric vehicle maker Nio Inc's 9866.HK subsidiary NIO Technology (Anhui) Co has entered into a technology licensing deal with Forseven Ltd, a unit of Abu Dhabi-based CYVN Holdings, Nio said in a Hong Kong stock exchange filing on Monday.
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Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs

RPT-PREVIEW-Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs Repeats Sunday's story with no changes to text By Nick Carey LONDON, Feb 25 (Reuters) - Europe's automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf.
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Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs

PREVIEW-Facing Chinese EV rivals, Europe's automakers squeeze suppliers on costs By Nick Carey LONDON, Feb 25 (Reuters) - Europe's automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf.
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