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Asian spot LNG prices flat on ample supply, soft demand

Asian spot liquefied natural gas prices were flat last week, as ample supplies and soft demand kept a lid on gains, reports Reuters.The average LNG price for December delivery into northeast Asia (LNG-AS) held at $11.10 per million British thermal units (mmBtu), industry sources estimated."Northeast Asian spot demand has been...

WORKSHOP ON 'SAFETY STANDARDS FOR DOMESTIC GAS COOKING APPLIANCES'

Bangladesh Standards and Testing Institution (BSTI), Bangladesh Petroleum, Gas, and Mineral Resources Corporation (Petrobangla), and the Asian Development Bank (ADB) jointly held an awareness workshop titled 'Safety standards for domestic gas cooking appliances' in Dhaka on Sunday. The main objective of the event was to reduce gas-related accidents and strengthen...

Visa, Mastercard near settlement with merchants, would lower fees

NEW YORK, Nov 09 (Reuters): US payment firms Visa and Mastercard are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported on Saturday, citing people familiar with matter.Visa and Mastercard would trim interchange fees,...

Oman's bank credit up 8.0pc to $90b as non-oil sector expands

RIYADH, Nov 09 (Arab News): The total credit extended by the banking sector in Oman rose by 8 per cent year on year to reach 34.5 billion Omani rials ($89.7 billion) by the end of September, official data showed. According to data released by the Central Bank of Oman, credit...

China's consumer prices rise

BEIJING, Nov 09 (AFP): China's consumer prices rose in October, official data released on Sunday showed, reversing months of stagnation and decline as the country battles a range of economic headwinds.Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...

US airlines cancel more than 2,500 weekend flights largely due to govt shutdown

US airlines canceled more than 2,500 weekend flights by Saturday evening as the Federal Aviation Administration's mandate to reduce air traffic because of the government shutdown showed no signs of easing, reports AP.The slowdown at many of the nation's busiest airports did not cause immediate widespread disruptions. But it deepened...

Major retailers promise a cheaper Thanksgiving

NEW YORK, Nov 09 (Reuters): Grocery giants Walmart, Target and Aldi are trumpeting their Thanksgiving meal deals as more affordable than ever. But those retailers are doing exactly what shoppers are doing, trading down to cheaper private-label alternatives or offering fewer items.Walmart's meal this year features nine Great Value private-label...

Indian auto dealers see stronger sales after record October boost

NEW DELHI, Nov 09 (Reuters): India's retail vehicle sales should remain strong through the rest of 2025, an auto dealers' body said on Friday, as tax cuts and strong rural demand boosted retail sales to a record high in October.October's overall vehicle sales, the first full-month numbers since goods and...