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Kazakhstan to cut oil production

As a result of a cut in production by 2.4% in the first half of 2016 the volume of oil production was 32.975 million tons.

IMF chief called Brexit a "sobering shower" for the EU

the referendum results were a "sobering shower" for politicians in the EU, said the head of the International Monetary Fund, Christine Lagarde.

Theresa May has changed the UK Minister for Business

New British Prime Minister Theresa May has deprived Conservative Sajid Javid the post of Minister of State for Business, reports The Independent. It is noted that Javid was appointed head of the Department of Local Government. At the same time the new Minister of State for Business became Greg Clark.

The Bank of England kept its benchmark rate unchanged

The Bank of England kept interest rates at the same level regardless of the outcome of the referendum on withdrawal from the European Union, according to Reuters. The rate remained unchanged at 0.5%.

Britain will not impose a budget crisis due to Brexit

The new Minister of Finance Philip Hammond said that the new UK Government will not impose a budget crisis in connection with Brexit, but the final statement of the Ministry of Finance in this regard will be presented in the autumn, according to The Guardian.