Category: BPs
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Saudi Aramco exploring initial bid for BP’s Castrol unit, source says
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(Reuters) – The Saudi Aramco is in the early stages of considering a possible presentation of BP Castrol Castrol, according to a person who is aware of the issue. BP explores all options about Castrol works, including the potential sales process, as part of a strategic review. Ashley Keeleti, an…
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Elliott’s Activism Success Gives Hope for BP’s Depressed Shares
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Bread path links PMN Business BP PLC -trapped shareholders who have seen their delay in the past few years, screaming at the Activist Activist record, Elliott Investment Management LP to help them extract some value from their sites. The author of the article: Bloomberg News Neil Campbling, Carmen Roykik and…
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RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
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The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) by 50 basis points to 4.75%, marking a major shift in its monetary policy stance. The move, while widely expected by markets (as discussed in our events guide), underscores the central bank’s growing concerns about economic…
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Bitcoin Set To Rally As Analysts Back 25 Bps Cut By Fed
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The price of Bitcoin (BTC) saw a sharp decline last week, falling to a low of $60,000 on the basis of… Data from CoinMarketCap. However, the Bitcoin market has made some recovery in the last day in line with positive jobs data news from the US. In light of this…
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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SNB cuts key policy rate by 25 bps to 1.00% from 1.25% previously
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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SNB cuts key policy rate by 25 bps to 1.00% from 1.25% previously
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China central bank will cut banks’ reserve requirement ratio by 50 bps By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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Fed’s Kashkari: 50 bps rate cut was the right decision
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Will the dollar smile on a 25 bps cut, Morgan Stanley asks By Investing.com
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Investing.com – The U.S. dollar was hit hard by expectations that the Federal Reserve will start its rate-cutting cycle this week with a massive 50 basis point cut, but that raises the possibility of a rebound if a smaller cut occurs, according to Morgan Stanley. The US central bank begins…
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Dollar dragged by 50 bps Fed cut wagers By Reuters
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LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…
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Forexlive Americas FX news wrap: Non-farm payrolls soften but not enough for 50 bps
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Markets: Gold falls $20 to $2,496 The 10-year US Treasury yield fell 1.4 basis points to 3.72%, and the 2-year Treasury yield fell 9.3 basis points to 3.65%. West Texas Intermediate crude oil fell $1.07 to $68.08 a barrel. S&P 500 down 1.7% Japanese Yen Advances, Australian Dollar Lags Friday’s…
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Forexlive Americas FX news wrap: Non-farm payrolls soften but not enough for 50 bps
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Markets: Gold falls $20 to $2,496 The 10-year US Treasury yield fell 1.4 basis points to 3.72%, and the 2-year Treasury yield fell 9.3 basis points to 3.65%. West Texas Intermediate crude oil fell $1.07 to $68.08 a barrel. S&P 500 down 1.7% Japanese Yen Advances, Australian Dollar Lags Friday’s…
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Former Fed Pres. Mester on CNBC:There will be a discussion on 25 or 50 bps at FOMC meeting
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Today, the Fed talk is quiet, but former Cleveland Fed President Loretta Mester (she recently retired from the Fed) is on CNBC. Functional work will be an important part of the puzzle. There will be a discussion about whether they want to start with a 25 or 50 basis point…
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Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week
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On the face of it, Canada’s second-quarter GDP report looked good today at 2.1% annualized compared to 1.6% expected, and easily beating the Bank of Canada’s forecast of 1.5%. But the problem here is that the composition of growth was all wrong. Consumer spending rose at a mere 0.6% annual…
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Bank of Canada to cut by 25 bps in September and October. Eyes on next week’s CPI
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Bank of Canada Governor Tiff Macklem RBC continues to expect the Bank of Canada to cut rates by 25 basis points on September 4 and again on October 23. The market sees a very small chance of a 50 basis point rate cut at one of these meetings, but this…
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RBNZ expected to cut cash rate by at least another 50 bps before year-end – poll
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23 out of 25 economists expect interest rates to be cut by 25 basis points next October Of the remaining two banks, one expects a 50 basis point rate cut and the other expects no change. 23 out of 25 economists expect the Reserve Bank of New Zealand to cut…
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BPS Financial Found Guilty in Qoin Wallet Case
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…