Facebook to invest 9.9% in JIO, win-win for both

Reliance Industries (RIL), Facebook (FB) and Jio Platforms Ltd (JIO) announced a binding agreement for an investment of INR435.7bn by FB in JIO. This investment values JIO Platforms (ho..

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Fed cut rates by 50bps in an emergency move since GFC

The Federal Reserve cut rates by 50 basis points to 1.0-1.25% after an emergency meeting of the FOMC.   The full  statement read: The fundamentals of the..

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FOMC April 2019 Meeting Minutes - No Rush to change rates

The minutes from the May 1-2 Federal Open Market Committee (FOMC) May’19 monetary policy meeting showed policymakers remained firmly committed to a “patient” policy ap..

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FOMC July 2019 Meeting Review – Powell cut rates but reign in dovish expectations

  The US Federal Reserve cut interest rates by 25 bps in line with expectations. The Fed also decided to shrink its $3.6 trillion in bond holdings (also known as Quantitative tigh..

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