The architect of the output-cut plan, OPEC Secretary-General Mohammad Barkindo, has said inventories are the primary target–not the U.S. shale producers who are often described as the cartel’s chief adversary. OPEC has begun pushing countries to disclose more information. Source: Global Finance
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters
Non-banking financial sector assets increased by 19.5 percent to reach 120 billion Turkish liras ($34.26 billion) in the first half of 2017 compared with same period in 2016, Association of Financial Institutions’ (FKB) data showed Tuesday. Source: Anadolu Agency
Britain posted its first July budget surplus in 15 years last month as payments of self-assessed income tax poured in. Revenue exceeded spending by £184m compared with a deficit of £308m a year earlier, the Office for National Statistics. The forecast in a Bloomberg survey was for a deficit of £1bn. Source:Independent
