The central bank delivers its third consecutive quarter-point reduction, to 4.25%, arguing there is ‘little evidence’ of broad-based inflationary pressure.
OPEC+ members are debating delaying a production increase that was supposed to start next month amid concerns over weak oil prices, delegates in the producers’ alliance said.
The day Delta’s ‘on-time machine’ broke, and the blame game it sparked, and Europe’s top court rebukes competition regulator, curbing powers. Plus, credit-rating providers settle with SEC over off-channel communication violations.
The euro was stronger against the dollar but has underperformed among G-10 currencies in August and this trend could continue given the prospect of less favorable U.S.-eurozone interest rate differentials.
