Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more downbeat about the economic outlook, and retail sales slowed, surveys showed on Friday.
* Bangladesh pays nearly $30/mmBtu for prompt cargo - sources. * China and Turkey seek cargoes for winter. * Cameron LNG says Louisiana plant unit to return online this week. By Jessica Jaganathan. Asian liquefied natural gas prices surged by about 10% this week as demand continues to rise in the region despite higher prices and amid a supply crunch.
Britain's retail industry warned the government on Friday that unless it moves to alleviate an acute shortage of truckers in the next 10 days then significant disruption was inevitable in the run-up to Christmas.
* Retail industry warns of significant disruption. * Queues form at some petrol stations - Reuters reporters. * Britain to boost HGV driver testing. * British ministers to meet on easing rules. * Hauliers: there is no quick fix. By James Davey, Victor Jack and Kylie MacLellan.
U.S. oil refiners hunting to replace crude lost after a storm hit the U.S. Gulf of Mexico last month have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian grades, analysts and traders said.
Norway has become the first major developed economy to lift interest rates as growth rebounds following a pandemic that unleashed extraordinary stimulus across the globe. As an economic recovery takes hold and inflationary pressures build, some central banks are confident that now is the time to head to the exit.
* Norway becomes first developed central bank to hike rates. * Money markets advance bets of UK rate hikes. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Sujata Rao and Saikat Chatterjee.
The U.K. energy minister said Thursday that more energy suppliers might fail in the coming weeks, and that the government won't rescue them. The government would like a competitive energy market which can deliver choice and lower prices, Kwasi Kwarteng said in an oral statement to parliament. "The solution to this crisis will be found from the industry and the market--as is already happening, and government, I repeat, will not be bailing out failed energy companies," he said.
Norway has become the first major developed economy to lift interest rates as growth rebounds following a pandemic that unleashed extraordinary stimulus across the globe. As an economic recovery takes hold and inflationary pressures build, some central banks are confident that now is the time to head to the exit.
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