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Homeowners in UK and beyond hit as global bond selloff drives up mortgage costs

Homeowners in UK and beyond hit as global bond selloff drives up mortgage costs

By Suban Abdulla and Lawrence White LONDON, Oct 1 (Reuters) - For five years, the interest rate on Richard Merrett's mortgage was locked at 1.14%, but with that ultra-cheap deal due to expire in early 2027 he faces a sudden trebling of his monthly housing costs from £550 ($728) a month to £1,650.
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Exclusive-US tells France and Germany to release diesel stocks or face US export ban, sources say

Exclusive-US tells France and Germany to release diesel stocks or face US export ban, sources say

By Kate Abnett, Jarrett Renshaw and John Irish WASHINGTON/BRUSSELS/PARIS, Oct 1 (Reuters) - The Trump administration has told Germany and France to draw down emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban, said three people close to the
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Tesla September registrations rise across Europe, extending recovery

Tesla September registrations rise across Europe, extending recovery

By Amir Orusov Oct 1 (Reuters) - Registrations of new Tesla cars rose across several European markets in September, extending a rebound in the US electric vehicle maker's regional sales.
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Oil prices rise $3 as China suspends fuel exports

Oil prices rise $3 as China suspends fuel exports

By Robert Harvey and Siddharth Cavale NEW YORK, Oct 1 (Reuters) - Brent benchmark oil prices rose by $3 on Thursday after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to
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Detroit Three automakers set to lose market share to Asian rivals

Detroit Three automakers set to lose market share to Asian rivals

Oct 1 (Reuters) - The Detroit Three are expected to lose ground to Asian rivals when they report third-quarter US sales this week, according to experts, as soaring gasoline prices due to the Iran war push buyers towards hybrids and more fuel-efficient models.
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US tells France and Germany to release diesel stocks or face US export ban, sources say

US tells France and Germany to release diesel stocks or face US export ban, sources say

By Kate Abnett, Jarrett Renshaw and John Irish WASHINGTON/BRUSSELS/PARIS, Oct 1 (Reuters) - The Trump administration has told Germany and France to draw down emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban, said three people close to the
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Dollar surges in September, leaving euro lagging

Dollar surges in September, leaving euro lagging

By Johann M Cherian and Tom Westbrook Sept 30 (Reuters) - The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate expectations.
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Global factory activity boosted by AI spending boom

Global factory activity boosted by AI spending boom

By Leika Kihara and Indradip Ghosh BENGALURU/TOKYO, Oct 1 (Reuters) - Factory activity across Europe and Asia expanded last month as demand, partly boosted by the global AI spending boom, remained strong even as the energy price shock from the Iran war kept inflation elevated, surveys showed on
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Social media harms democracy by spreading rumors, survey shows

Social media harms democracy by spreading rumors, survey shows

Oct 1 (Reuters) - A growing number of people think social media manipulates and divides people and harms democracy, Pew Research Center said on Thursday, echoing rising concern and tighter scrutiny across the world.
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US stock futures inch up as yields ease, inflation report looms

US stock futures inch up as yields ease, inflation report looms

Sept 30 (Reuters) - US stock index futures were slightly higher on Wednesday as bond yields eased and some megacap and growth stocks ticked up heading into a crucial inflation report that could help shape market expectations about the Federal Reserve's rate path.
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Oil price drops more than 2% on talks over diesel, crude stock releases

Oil price drops more than 2% on talks over diesel, crude stock releases

By Anushree Mukherjee LONDON, Oct 2 (Reuters) - Oil prices fell more than 2% and European gasoil futures dropped about 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.
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UK auto output rebounds in August but 'Made in Europe' proposals pose threat, industry data shows

UK auto output rebounds in August but 'Made in Europe' proposals pose threat, industry data shows

Sept 30 (Reuters) - Britain's vehicle production rebounded in August as domestic car demand picked up, industry data showed on Wednesday, but a deepening EU trade dispute threatens to weigh on the sector's long-term outlook.