PBOC sets USD/CNY reference rate at 6.8066 vs. 6.8047 previous

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8066 compared to Friday’s fix of 6.8047 and 6.7850 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including…

Oil prices hover near pre-conflict levels as OPEC+ boosts output again

Oil prices hovered near pre-conflict levels Sunday after OPEC+ agreed to increase production again, adding to global crude supplies as exports through the Strait of Hormuz continued to recover following months of disruption. The oil-producing alliance said it will raise output targets by 188,000 barrels per day beginning in August, marking its third consecutive monthly increase as it gradually unwinds production cuts implemented in 2023.The decision reflects easing concerns about a lingering global supply crunch.…

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US brands unveil patriotic deals and snacks for America’s 250th

American brands are going all in on red, white and blue as the country prepares to celebrate its 250th birthday. From $17.76 burger deals and eagle-shaped coffee cups to collectible Coca-Cola cans and limited-edition snacks, companies are rolling out patriotic promotions tied to America’s semiquincentennial.Steak ‘n Shake Steak ’n Shake…

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