U.K. retail sales unexpectedly declined in June on a wide range of goods including food, furniture, sporting equipment and jewelry.
The volume of sales including auto fuel fell 0.2 percent from May, the Office for National Statistics said in London on Thursday. Economists forecast a 0.4 percent increase, according to a Bloomberg survey. Source Bloomberg
China’s port city of Zhoushan is planning to challenge Singapore’s dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world’s biggest ports and Beijing’s support to give it an edge. Source: Reuters
French energy company Total (TOTF.PA) said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied natural gas (LNG) project to Japanese partner Inpex (1605.T) for $1.6 billion, following cost overruns. Source: Reuters
The European Central Bank President Mario Draghi has to tread a fine line once again as he gives his latest update on euro area monetary policy on Thursday. Source: CNBC
