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New Zealand card spending falls for second month as food prices hold flat in September

The data adds to a mixed picture for the New Zealand dollar, with weak household spending offsetting the stronger manufacturing survey released earlier in the day. A second monthly fall in card spending points to soft domestic demand, which tends to argue against tighter policy, while flat food prices remove one source of upward pressure on inflation for the month. Fuel costs, which manufacturers…

CommodityOilPrice.com

Exxon’s Oil Boom Could Keep Guyana’s Gas at Home

Guyana has turned into something of an oil celebrity with billions of barrels discovered by Exxon off the coast of the tiny South American country. With the oil riches came gas, too, and there were plans to add LNG to Guyana’s export goods. Yet now the government is considering keeping the gas for the domestic market. Guyana’s crude oil exports are about to end the year on a high note and a daily…

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