BP flags $5 billion write-down of low-carbon business

The charge, along with a warning of lower returns from oil trading, shows the challenges awaiting incoming CEO Meg O’Neill.
OilPrice.com

BP Forecasts Up to $5 Billion Hit on Energy Transition Assets

BP expects $4-5 billion in Q4 impairments primarily in its energy transition businesses, reports weak oil trading, and sees a ...

What Are Basis Points in Finance? Understand Their Importance

Discover how basis points simplify financial changes and eliminate ambiguity in percentage rates. Learn their impact on interest rates, bond yields, and more.
Seeking Alpha

Why Is The FOMC Mulling Over Cutting ON RRP Rate By 5 Bps?

ON RRP is a Federal Reserve facility which allows money market funds to deposit their extra liquidity in the central bank overnight through a repurchase agreement. ON RRP rate has been set at a level ...