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European shares rise after selloff; French stocks hit 6-month low

European shares rise after selloff; French stocks hit 6-month low

By Medha Singh October 5 - European shares edged higher on Monday, while French equities slid to a six-month low on fiscal concerns and losses in Schneider Electric after the company acquired US software firm PTC.
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Trump says he is thinking about suspending federal gas tax

Trump says he is thinking about suspending federal gas tax

By Nandita Bose and Kanishka Singh WASHINGTON, Oct 6 (Reuters) - President Donald Trump said on Tuesday he was thinking about suspending the federal gas tax as high gas and diesel prices pose a risk to his Republican Party heading into the November midterm US elections.
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Oil slips as Middle East crude exports rise, G7 to release stocks

Oil slips as Middle East crude exports rise, G7 to release stocks

By Florence Tan SINGAPORE, Oct 5 (Reuters) - Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations are adding to supplies despite ongoing concerns about further damage to Gulf oil infrastructure amid the Iran war.
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World shares advance as oil falls, bond yields retreat

World shares advance as oil falls, bond yields retreat

By Medha Singh and Stella Qiu Oct 6 (Reuters) - World stocks scaled two-week highs on Tuesday as easing oil prices and bond yields helped steady sentiment, while investors looked ahead to an earnings season expected to be powered by continued AI-driven growth.
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World Bank raises Africa's 2026 growth forecast, urges AI investments

World Bank raises Africa's 2026 growth forecast, urges AI investments

By Duncan Miriri NAIROBI, Oct 6 (Reuters) - The World Bank has raised Africa's 2026 economic growth forecast to 4.3%, citing stronger performance across the region, and urged governments to embrace artificial intelligence to boost productivity and create jobs.
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S&P 500 up, Nasdaq at record high as megacap tech stocks rise

S&P 500 up, Nasdaq at record high as megacap tech stocks rise

By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 5 (Reuters) - The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs.
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Trump expands access to tax-exempt diesel fuel

Trump expands access to tax-exempt diesel fuel

By Jarrett Renshaw and Kanishka Singh GRAND ISLAND, Nebraska, Oct 5 (Reuters) - US President Donald Trump signed an executive order on Monday to expand access to tax-exempt diesel that he unveiled from a rally stage in Nebraska.
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French bond contagion fears are rattling the euro

French bond contagion fears are rattling the euro

By Dhara Ranasinghe and Alun John LONDON, Oct 5 (Reuters) - A sliding euro is the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader euro area.
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Oil market turmoil could last for years, executives say

Oil market turmoil could last for years, executives say

LONDON, Oct 5 (Reuters) - Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday. 
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The Latest: Trump visits Nebraska in pre-midterms blitz to reassure GOP voters about the economy

The Latest: Trump visits Nebraska in pre-midterms blitz to reassure GOP voters about the economy

President Donald Trump is campaigning in Nebraska alongside GOP Sen. Pete Ricketts, who faces an independent candidate backed by national Democrats
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AkzoNobel to sell Southeast Asia paints business to Nippon Paint for $1.35 billion

AkzoNobel to sell Southeast Asia paints business to Nippon Paint for $1.35 billion

Oct 5 (Reuters) - AkzoNobel said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio.
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OPEC+ agrees in principle to keep November oil output targets steady, sources say

OPEC+ agrees in principle to keep November oil output targets steady, sources say

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Oct 4 (Reuters) - OPEC+ has agreed in principle to keep oil production targets steady for November, three sources close to the matter said ahead of the group's meeting on Sunday.