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Discover Latest #Reverse repo News, Articles and Videos with Contenting
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?
WSJ is testing AI-generated article summaries - Talking Biz News
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 […]
Volkswagen India hit with $1.4 billion tax evasion notice - Forex Trader Hub
German car manufacturer Volkswagen (ETR:)'s Indian subsidiary has been served with a tax evasion notice by Indian authorities, alleging the company dodged approximately $1.4 billion in import taxes, Reuters reported. The accusation centers on the importation of car components for brands such as Audi, VW, and Skoda, which instead of being taxed at the full
Baystreet.ca - Iraq Suspends Operations at Basra Refinery Due to Stock Overflow
Iraq had to halt operations at the Basra refinery this weekend because of an overflow in fuel oil tanks, Reuters reported today, citing unnamed sources. The excess inventory built because of the lack of buyers, the sources said. No fuel oil tanker ...
Aussie Slumps on Yuan Depreciation Speculation; US CPI and BoC Loom - Action Forex
Australian Dollar continued its decline today as speculation mounted that China might allow Yuan to weaken in 2025 to counteract the economic impact of increased US trade tariffs under the incoming Trump administration. While no official announcement has been made, Beijing appears to ready to signal greater reliance on market-driven currency valuation. Also, according to a Reuters report, Chinese officials might tolerate depreciation of Yuan from its current level of 7.3 against Dollar to 7.5 if trade tensions intensify.
AI startup Databricks hits $62 billion valuation in record VC round
Databricks has secured a $62 billion valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for fast-growing private companies that have seen accelerated growth due to AI. The oversubscribed round, led by Joshua Kushner's Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management, confirming an earlier Reuters report last week. Existing backer Ontario Teachers' Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management also participated.
Fed cuts reverse repo rate by wider margin than funds rate target
The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering the rate it offers on its reverse repo facility by more than it cut the federal funds rate. The Fed said that the reverse repo rate will now stand at 4.25% from its prior level of 4.55%, marking a 30 basis point easing, while it lowered the federal funds target rate range by a quarter percentage point to between 4.25% and 4.5%. Analysts believe the largely expected adjustment is a bid by the Fed to nudge cash out of a facility that’s widely viewed as a proxy for excessive liquidity in the financial system.
Flatlining economy prompts Starmer’s warning: ‘no overnight fix’ amid fresh tax hike fears
UK economic growth flatlined in Q3, prompting Sir Keir Starmer to warn of no rapid turnaround. With fresh fears of tax hikes and business sentiment sinking, discover what lies ahead for Britain’s stalled recovery in this Business Matters report.