BusinessGlobal
OPEC+ Raises September Oil Production Target by 188,000 Barrels a Day
Seven OPEC+ countries raised their combined September production target by 188,000 barrels a day, bringing the published required total to 31.01 million.
Business
Fed Holds Rates at 3.5%-3.75% as Three Officials Vote for a Hike
The Federal Reserve kept its target range at 3.5%-3.75% on July 29, but a 9-3 vote exposed a larger faction that wanted a quarter-point increase.
Business
Romania Senate Passes Fuel Bill Cutting Diesel Excise by 300 Lei per 1,000 Liters
Romania's Senate adopted a six-month fuel-market bill that would cut diesel excise by 300 lei per 1,000 liters, apply 19% VAT to gasoline and diesel, cap markups and restrict diesel exports. It is not yet law.
Business
ECB Holds Rates at 2.25% as Energy Shock Keeps September Hike in Play
The ECB left its three key rates unchanged on July 23, but its warning about volatile energy prices keeps the possibility of another increase on the euro-area policy agenda.
Business
Producer Prices Jumped Again in May. The Harder Problem Is What Energy Is Starting to Touch.
May's producer-price report was not just another inflation print. It showed an energy shock that is still climbing through the business pipeline even as investors try to convince themselves consumer demand will absorb the hit.