Trump says Walmart will cut the price of a one-pound pack of ground beef by nearly 15% and lower prices on a range of other items.

Sources said UAE oil production exceeded 3.8 mln barrels per day in June, the second-highest level on record.

China's National Financial Regulatory Administration and the Shanghai municipal government issued measures to accelerate construction of the Shanghai International Reinsurance Center. The measures endorse reinsurance firms raising capital via equity increases and issuing capital-supplementary instruments to strengthen both endogenous capital accumulation and external capital replenishment. Regulators will guide insurers to concentrate reinsurance capacity on major national projects, strategic emerging industries and social-welfare exposures to boost risk protection, and support reinsurers using technical expertise to provide insurance-sector risk-reduction services.