Facebook to invest 9.9% in JIO, win-win for both
Posted on 23 Apr 2020Reliance 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..
Read More Fed cut rates by 50bps in an emergency move since GFC
Posted on 04 Mar 2020
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..
Read More FOMC April 2019 Meeting Minutes - No Rush to change rates
Posted on 23 May 2019The 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..
Read More FOMC July 2019 Meeting Review – Powell cut rates but reign in dovish expectations
Posted on 01 Aug 2019
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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