Business Maverick: 26 July: Five Things You Need to Know to Start Your Day

by a more-than-expected 425 basis points to 19.75%, citing weaker economic activity. It was the biggest rate cut since 2002.Korea even after its launch of short-range missiles Thursday — an act he described as a negotiating tactic. “Everybody tries to get ready for negotiations and create leverage and create risk for the other side,” Pompeo said in an interview Thursday with Bloomberg Television. “We remain convinced that there’s a diplomatic way forward, a negotiated solution to this.

to address the Iranian people about American foreign policy, likening it to Iranian counterpart Javad Zarif’s visits to the U.S.after U.S. stocks fell from record highs amid a torrent of corporate results. The euro swung between gains and losses and European bonds reversed gains after Draghi didn’t give markets more of a dovish signal. The dollar was stronger against most G-10 peers. Oil advanced, while gold dipped., succeeding a retiring Norman Chan, Hong Kong’s government said.

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