QT has drained ON RRPs to their normal level of near-zero, while QT hasn’t even touched reserve balances yet. By Wolf Richter for WOLF STREET. Balances at the Fed’s facility for Overnight Reverse Repurchase agreements (ON RRPs) have […]
Experts warn that dissolving the agency would be a gift to U.S. adversaries. The U.S. Agency for International Development (USAID) has been immobilized in recent days as part of the Trump administration’s tumultuous effort to […]
Podcast by Charles Cohen, Giada Santana, Martina Monti, Miriam Sáenz de Tejada For the first time in 60 years, France started the year without a budget bill after December’s vote triggered the collapse of Prime […]
The agreement came in response to a lawsuit accusing the agency of an “unlawful action” by giving private info to Elon Musk’s Department of Government Efficiency Lawyers with the US Justice Department have agreed to […]
UAE’s Adnoc Gas said on Thursday this is a record for the full year and its highest quarterly income of $1.38 billion since its IPO. The company attributed the “strong” performance to robust demand for […]
Russian liner Panda Express Line is expanding its scope of services to cover South China. According to Alphaliner, the Panda Express Line-3 will deploy two sub 2,000 teu ships to connect Vladivostok with the southern […]
Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation […]
Daily Standup Top Stories Germany must act immediately to stop deindustrialisation, union urges February 5, 2025 Mariel Alumit  Urgent action is required if Germany, Europe’s former industrial powerhouse, is to overcome its economic turmoil and […]
Daily Standup Top Stories China to impose tariff on US LNG February 4, 2025 Mariel Alumit China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition […]
U.S. President Donald Trump, who once called himself a “tariff man,” is making clear that his love of import duties is more than words on a social media post. The announcement last week that […]
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