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BP
Trends
- 1Australia's central bank raises rates, signals more hikes ahead●RBA raises interest rates by 25 bps; sees more hikes as inflationary risks mount
The Reserve Bank of Australia has raised its cash rate by 25 basis points and warned that further increases are likely as inflationary risks build. The decision lifts borrowing costs for Australian households and businesses, and analysts are weighing how aggressive the bank may need to be as price pressures persist.
- 2BP weighs sale of Brazilian biofuels business●BP weighs sale of Brazilian biofuels business, Bloomberg News reports
BP is considering selling its Brazilian biofuels business, according to a Bloomberg News report picked up by Reuters. The potential divestment would mark another step in the energy major's efforts to streamline its portfolio and refocus on core oil and gas operations, though no buyer or valuation has been named and the company has not confirmed a deal.
- 3European banks' role in the 2008 financial crisis revisited▼1/3) Remember when European banks helped turn bad US subprime mortgages into a global catastrophe by underwriting, packa
European banks are being criticised for their role in the 2008 financial crisis, when they underwrote, packaged and resold securities built on US subprime mortgages while taking on heavy leverage, then required public rescue when the losses hit. Commenters are drawing parallels between that episode and current financial risk-taking, arguing the 'too big to fail' problem was never resolved.
Repos
- debpalash/VoiceStudio VoiceStudio is the open-source, fully-local ElevenLabs alternative — voice cloning, voice design, video dubbing, dictati