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News 1. Bank of England Holds Reverse Repo Rate Steady at 0.1 Percent 2. ECB Lowers Reverse Repo Rate to -0.5 Percent 3. Fed Unveils New Reverse Repo Facility Articles 1. What is a Reverse Repo Rate? 2. Reverse Repos: Understanding the Mechanics 3. Explaining Reverse Repo Operations Videos 1. What is a Reverse Repo Rate? 2. An Overview of the Reverse Repo Market 3. How Does a Reverse Repo Work?
Mexico’s state-controlled oil giant Pemex plans to raise its oil and gas reserves, including via intensified deepwater exploration, under new President Claudia Sheinbaum, Reuters reports, citing an internal company document. Mexico’s former president, ...
The fiber-optic internet provider said Verizon's final offer presents "a superior value over all other potential paths, including Frontier's ambitious standalone plan." Verizon agreed in September to acquire Frontier as the U.S. telecom giant looks to build its fiber subscriber base and better compete with rivals such as AT&T. However, some Frontier investors are concerned about the deal stating Verizon's $38.50 per share offer is too low, according to a Reuters report.
Citing two sources with knowledge of the matter, Reuters reported on Thursday that China's top legislative body is considering approving a fresh fiscal package which could be worth over 10 trillion (trln) Yuan on November 8.
Oil prices rose more than 2% on Wednesday, after Reuters reported the Organization of the Petroleum Exporting Countries and their allies, known collectively as OPEC+, could delay a planned oil production increase scheduled to take effect in December ...
NEW YORK/SINGAPORE (Reuters) -The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips, of 7 nanometer or more advanced designs, destined for China that power AI accelerator and graphics processing units (GPU), the person said. The U.S. order, which is being reported for the first time, comes just weeks after TSMC notified the Commerce Department that one of its chips had been found in a Huawei AI processor, as Reuters reported last month.
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top of its news stories, reports Jay Peters of The Verge. Peters reports, “The summaries appear as a ‘Key Points’ box with bullets summarizing the piece. The Verge spotted the test on a story about Trump’s plans for the Department of Education, and the Journal confirmed it’s trialing […]