AGP Executive Report
Last update: 3 hours agoEnergy Investment: Kinder Morgan approved $4.7 billion for two natural-gas pipeline projects, citing rising demand from power plants, data centers and LNG exporters. The plans lift its project backlog to a record $14.4 billion. Consumer Spending: UK confidence in the economy fell for a third month ahead of the Budget, while expectations for household finances also worsened. Retailers warn rising costs leave little room to absorb further pressure, despite stronger Christmas spending plans. Business Costs: New Zealand’s Commerce Commission will cap interchange fees on commercial credit cards, aiming to save businesses about $40 million a year and ease costs that can feed into retail prices. Competition: Heineken was ordered to pay €111.2 million in damages after a Dutch court held it liable for its Greek subsidiary’s market abuse, which the court said harmed a rival brewer. Farm Access: The Philippines’ agriculture department says it is ready to restart farm-to-market road projects after delays in staffing and fund releases, promising faster transport of farm goods.
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